Mr. Chris Bakker reports

AVANTI HELIUM CLOSES FIRST DRAWDOWN OF US $5 MILLION WITH RIVERFORT GLOBAL OPPORTUNITIES

Avanti Helium Corp. has closed the initial drawdown with RiverFort Global Opportunities PCC Ltd. for a total face value of $5-million (U.S.). The initial drawdown was pursuant to the terms of the previously announced investment agreement dated Aug. 24, 2026, whereby Riverfort agreed to provide a secured credit facility with a total face value of up to $10-million (U.S.). Additional details of the investment agreement are set forth in the company's news release dated Aug. 24, 2026.

The initial drawdown is for a total face value of $5-million (U.S.) ($6.88-million (Canadian)), which consists of $3,652,000 (U.S.) ($5,026,200 (Canadian)) of funds advanced to the company, an original issue discount of $1-million (U.S.) ($1,376,000 (Canadian)), an implementation fee of $300,000 (U.S.) ($412,800 (Canadian)) and $65,000 (Canadian) for professional fees.

Should Riverfort choose to convert the funded portion of the initial drawdown, being $3,652,000 (U.S.) ($5,026,200 (Canadian)), it would do so at a fixed conversion price of 75.6 cents resulting in a total of up to 6,648,412 common shares issuable to Riverfort. If chosen, only the funded amounts in any drawdown will be convertible into common shares.

The drawdown matures on March 3, 2028, with monthly repayments of $384,615 (U.S.) ($529,230 (Canadian)) commencing on March 3, 2027. There will be no interest accruing under the drawdown. As a result, the monthly repayments will reduce the face value of the drawdown and applied proportionately to the funded amount and the original issue discount.

If the company elects not to satisfy a monthly repayment in cash, RiverFort may convert the applicable repayment into shares at a floating conversion price, which will be determined at the time of settlement and prior approval of the TSX Venture Exchange. Alternatively, in lieu of such conversion, RiverFort may elect to demand an accelerated cash repayment of the missed repayment. Under this option, the company would be required to pay the missed amount in full within two months, together with an additional 7.5-per-cent cash penalty fee.

RiverFort will receive detachable warrants with each drawdown based on 50 per cent of the face value of the applicable drawdown, with the exercise price determined by reference to the applicable market price. For the initial drawdown, the company will issue a total of 6,370,370 warrants, exercisable at 54 Canadian cents expiring three years from the date of closing of the drawdown.

The company previously paid due diligence costs of $25,000 (Canadian) to Riverfort. The above amounts use an exchange rate of $1 (U.S.) for $1.376 (Canadian).

The securities issued under the drawdown will be subject to restrictions on resale for a period of four months and one day from the applicable date of issue.

Riverfort and its insiders are an arm's-length party to the company. No finders' fees are payable under the convertible credit facility or the initial drawdown.

Additional details, including the conversion price of the funded amount and the exercise price of the detachable warrants for future drawdowns, will be provided upon announcement of each applicable drawdown. All subsequent drawdowns under the convertible credit facility will be subject to the prior approval of the TSX Venture Exchange, and the conversion price will be determined at the applicable time.

The company intends to use the proceeds from the initial drawdown to complete the remaining activities required to advance its Montana helium assets toward commercial production, strengthen working capital and support general corporate purposes. Following completion of these activities, the company expects to be positioned for first helium production.

The company also announces that it granted 5.45 million stock options to certain consultants, directors and officers of the company. The options are exercisable at a price of 45.5 cents, have a term of five years and may be subject to certain vesting provisions as determined by the board of directors.

About Avanti Helium Corp.

Avanti Helium is advancing the development of its helium production assets in Montana while executing a long-term strategy focused on building a scalable industrial gas business. The company is committed to disciplined capital allocation, operational excellence and creating long-term value through the development of high-quality industrial gas assets.

We seek Safe Harbor.