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NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

CALGARY, Alberta, Jan. 30, 2023 (GLOBE NEWSWIRE) — Avanti Helium Corp. (“Avanti” or the “Firm”) (TSXV: AVN; OTC: ARGYF), is happy to announce that it has commenced an in a single day marketed public providing (the “Providing”) of items (the “Models”) of the Firm, searching for to lift gross proceeds of roughly $5 million. Every Unit will probably be comprised of 1 widespread share of the Firm (a “Widespread Share”) and one-half of 1 widespread share buy warrant (a “Warrant”). The variety of Models to be distributed, the worth of every Unit, and the train worth of every Warrant will probably be decided within the context of the market with ultimate phrases to be decided on the time of pricing.

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The Providing will probably be performed on a finest efforts company foundation pursuant to the phrases and situations of an company settlement to be entered into between the Firm and Raymond James Ltd. and Canaccord Genuity Corp. as joint bookrunners and co-lead brokers on behalf of a syndicate of brokers (collectively, the “Brokers”).

The Firm may also grant the Brokers an possibility (the “Over-Allotment Possibility”) to promote as much as an extra 15% of the Models offered beneath the Providing, on the Situation Value. The Over-Allotment Possibility could also be exercised in complete or partially to buy Widespread Shares, Warrants or Models as decided by the Brokers upon written discover to the Firm at any time as much as 30 days following the cut-off date of the Providing.

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The Providing will probably be performed pursuant to the Firm’s Canadian base shelf prospectus dated November 23, 2022 (the “Base Shelf Prospectus”). A prospectus complement (the “Prospectus Complement”) regarding the Providing will probably be filed in every of the provinces of Canada, besides the Province of Quebec. Copies of the Prospectus Complement and accompanying Base Shelf Prospectus will probably be out there beneath the Firm’s profile on SEDAR at www.sedar.com.

The Firm intends to make use of the online proceeds from the Providing to fund additional improvement of the Firm’s Better Knappen, Montana helium exploration and improvement undertaking and for basic company functions.

The Providing is anticipated to shut on or about February 6, 2023, topic to customary closing situations.

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Closing of the Providing is topic to sure situations together with, however not restricted to, the receipt of all essential approvals together with the approval of the TSX Enterprise Change.

This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the securities in the US or in another jurisdiction through which such provide, solicitation or sale could be illegal. The securities haven’t been registered beneath the US Securities Act of 1933, as amended, and will not be supplied or offered in the US absent registration or an relevant exemption from the registration necessities thereunder.

About Avanti Helium Corp.

Avanti Helium is targeted on the exploration, improvement, and manufacturing of helium throughout western Canada and the US. Avanti’s skilled oil and gasoline exploration and manufacturing group is actively focusing on untapped potential helium reserves to assist meet the growing world demand for an irreplaceable and scarce component crucial to superior expertise, medical and house exploration industries. For extra info, please go to the Firm’s web site at www.avantihelium.com.

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For company and shareholder inquiries, please contact:

Avanti Helium Corp.
Investor Relations
Telephone: 403-394-0409
E mail: traders@avantihelium.com
Web site: www.avantihelium.com

Chris Bakker, CEO & Director
Direct: (403)-384-0410
chris@avantihelium.com

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Ahead-Trying Statements

Some statements on this launch might include forward-looking info. All statements, aside from of historic reality, that deal with actions, occasions or developments that the Firm believes, expects or anticipates will or might happen sooner or later (together with, with out limitation, statements relating to to the Providing usually, the phrases thereof and , the usage of the proceeds thereof, the train of the Over-Allotment Possibility and the satisfaction of the situations of the closing of the Providing, together with the receipt, in a well timed method, of required approvals) are forward-looking statements. Ahead-looking statements are usually identifiable by use of the phrases “might”, “will”, “ought to”, “proceed”, “anticipate”, “anticipate”, “estimate”, “imagine”, “intend”, “plan” or “undertaking” or the destructive of those phrases or different variations on these phrases or comparable terminology. Ahead-looking statements are topic to various dangers and uncertainties, lots of that are past the Firm’s means to regulate or predict, that will trigger the precise outcomes of the Firm to vary materially from these mentioned within the forward-looking statements. Components that might trigger precise outcomes or occasions to vary materially from present expectations embody, amongst different issues, with out limitation, the shortcoming of the Firm to acquire ample financing to execute the Firm’s marketing strategy; competitors; regulation and anticipated and unanticipated prices and delays, the success of the Firm’s analysis and improvement methods, together with the success of this product or another product, the applicability of the discoveries made therein, the profitable and well timed completion and uncertainties associated to the regulatory course of, the timing of medical trials, the timing and outcomes of regulatory or mental property choices and different dangers disclosed within the Firm’s public disclosure document on le with the related securities regulatory authorities. Though the Firm has tried to determine necessary elements that might trigger precise outcomes or occasions to vary materially from these described in forward-looking statements, there could also be different elements that trigger outcomes or occasions to not be as anticipated, estimated or supposed. Readers mustn’t place undue reliance on forward-looking statements. The forward-looking statements included on this information launch are made as of the date of this information launch and the Firm doesn’t undertake an obligation to publicly replace such forward-looking statements to mirror new info, subsequent occasions or in any other case except required by relevant securities laws.