Mr. Chris Bakker reports

AVANTI HELIUM ANNOUNCES CLOSING OF OVERNIGHT MARKETED BEST EFFORTS PUBLIC OFFERING OF UNITS

Avanti Helium Corp. has closed its previously announced overnight marketed best efforts public offering of units of the company at a price of 45 cents per unit, for aggregate gross proceeds of $3,000,150. Each unit consists of one common share in the capital of the company and one-half of one transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 60 cents until Nov. 10, 2025.

Avanti chief executive officer and director Chris Bakker states, "We thank the syndicate of agents, new investors, our existing shareholders and insiders for their continued support of our plans to bring forward production from the Greater Knappen property."

The offering was conducted on a best efforts agency basis by Canaccord Genuity Corp., as lead agent and sole bookrunner, on behalf of a syndicate of agents, which included Beacon Securities Ltd. and Cormark Securities Inc.

In connection with the offering, the company paid and issued to the agents in aggregate a cash commission of $146,589.82 and compensation option warrants to purchase up to 325,756 units. Each compensation option warrant is exercisable to acquire one agents' unit at an exercise price of 45 cents until Nov. 10, 2025. Each agents' unit consists of one common share of the company and one non-transferable warrant. Each agents' unit warrants entitles the holder to purchase one common share at an exercise price of 60 cents until Nov. 10, 2025.

The net proceeds from the offering will be used by the company to finance development of the Greater Knappen property facilities and for general corporate purposes.

Insiders subscribed for a total of 1,577,800 units for aggregate gross proceeds of $710,010. The issuance of 1,577,800 units to insiders is considered a related party transaction subject to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation in the offering by the insiders will not exceed 25 per cent of the fair market value of the company's market capitalization.

About Avanti Helium Corp.

Avanti Helium is focused on the exploration, development and production of helium across Western Canada and the United States. Avanti's professional oil and gas exploration and production team is actively targeting helium trapped in structures to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries.

We seek Safe Harbor.