Mr. Chris Bakker reports

AVANTI HELIUM CLOSES THE FIRST TRANCHE OF PRIVATE PLACEMENT

Avanti Helium Corp. has closed the first tranche of its previously announced non-brokered private placement of units of the company by issuing 4,675,000 units at a price of 25 cents per unit for aggregate gross proceeds of $1,168,750.

Each unit under the offering will consist of one common share and one-half share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 40 cents per share for a period of one year from the date of issue.

Chris Bakker, the chief executive officer and a director of the company, subscribed for, directly and indirectly, an aggregate of 1.76 million units, which were subscribed for and purchased in the first tranche, and such participation is and would be considered to be a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relied on and intends to continue 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 Mr. Bakker will not exceed 25 per cent of the fair market value of the company's market capitalization.

The proceeds of the offering will be used for continuing costs associated with the company's projects and general working capital requirements.

All securities issued under the offering, including securities issuable on the exercise thereof, will be subject to a hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Under the first tranche, the company paid finders a fee of $37,725 and issued 150,900 non-transferable share purchase warrants. The warrants are exercisable at 40 cents per share for a period of one year from the date of issue.

The offering remains subject to the acceptance of the exchange. The company expects to close the remaining tranche (or tranches) of the offering shortly.

Investment by Mr. Bakker

As described above, Mr. Bakker, of 1810, 840 7th Ave. SW, Calgary, Alta., T2P 3G2, Canada, acquired 1.76 million units, comprising 1.76 million shares and 880,000 unit warrants, for consideration of $440,000, pursuant to the first tranche. Immediately prior to the closing of the first tranche, Mr. Bakker beneficially owned, directly or indirectly, 10,986,424 shares, 6,848,694 share purchase warrants and 1,712,000 stock options of the company, which represented approximately 9.63 per cent of the issued and outstanding shares on a non-diluted basis, and approximately 15.94 per cente of the issued and outstanding shares on a partially diluted basis, assuming the exercise of the share purchase warrants and stock options.

Immediately following the closing of the first tranche, Mr. Bakker beneficially owns, directly or indirectly, 12,746,424 shares, 7,728,694 warrants and 1,712,000 options, representing approximately 10.74 per cent of the issued and outstanding shares on a non-diluted basis, and approximately 17,31 pepr cent of the issued and outstanding shares on a partially diluted basis, assuming the exercise of the share purchase warrants and stock options.

The securities of the company held by Mr. Bakker are held for investment purposes. Mr. Bakker has a long-term view of the investment, and may acquire additional securities of the company either on the open market, through private acquisitions or as compensation, or sell the securities on the open market or through private dispositions in the future, depending on market conditions, general economic and industry conditions, the company's business and financial condition, reformulation of plans, and/or other relevant factors.

A copy of Mr. Bakker's early warning report will appear on the company's profile on SEDAR+ and may also be requested by mail at Avanti Helium, 1810, 840 7th Ave., SW, Calgary, Alta., T2P 3G2, or by phone at 403-384-0401.

About Avanti Helium Corp.

Avanti 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.