AVANTI ENERGY INC. CHANGES NAME TO AVANTI HELIUM CORP.

Calgary, AB, August 22, 2022 – Avanti Helium Corp. (TSXV: AVN) (OTC: ARGYF) (“Avanti” or the “Company”) is pleased to announce that it has changed its name from “Avanti Energy Inc.” to “Avanti Helium Corp.” (the “Name Change”). The Company’s common shares (“Common Shares”) will commence trading on the TSX Venture Exchange under its existing stock symbol “AVN” effective August 22, 2022.

The CUSIP number assigned to the Common Shares following the Name Change will be 05351P108. No action will be required by existing shareholders of the Company with respect to the Name Change. Certificates representing Common Shares under the old name of the Company will not be affected by the Name Change and will not need to be exchanged.

The Company’s new website will be https://avantihelium.com.

About Avanti

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 untapped potential helium reserves to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries. For more information, please go to the Company’s website at https://avantihelium.com.

For corporate and shareholder inquiries, please contact:

Avanti Helium Corp.

Investor Relations

Phone: 403-394-0409

Email: investors@avantihelium.com

Website: https://avantihelium.com

Forward-Looking Statements

The information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.