An anonymous director reports

AVANTI HELIUM ANNOUNCES FULLY SUBSCRIBED PRIVATE PLACEMENT OF UP TO $1.2 MILLION AND PROVIDES CORPORATE UPDATE

Avanti Helium Corp. has arranged a fully subscribed non-brokered private placement of up to three million units at a price of 40 cents per unit for total proceeds of up to $1.2-million.

Each unit under the offering will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 60 cents per share for a period of 24 months from the date of issuance.

All securities issued under the offering will be subject to a hold period of four months and one day in accordance with applicable securities laws. The company may pay a finder's fee in cash and/or warrants under the offering.

The proceeds of the offering will be used for various work related to the company's helium recovery plant located on the Sweetgrass pool in Montana and for general working capital.

The closing of the offering is expected to occur on or before Nov. 30, 2023, and is subject to receipt of all necessary approvals, including the TSX Venture Exchange.

Corporate update

Following the announcement of the agreement for third party construction and ownership of the helium recovery unit (HRU) to produce the Sweetgrass discovery (see press release dated July 27, 2023), Avanti Helium is now able to aggressively move forward to achieve its commercial production.

The pipelines from the WNG 10-21 and WNG 11-22 wells to the HRU site are 100 per cent completed, and the well-site skids have been fabricated and are in the process of being delivered to the HRU site. The inlet separator is currently in fabrication and is expected to be on site in late December.

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.