Avanti Helium Closes Second Tranche Of Private Placement

Calgary, AB, September 11, 2023 – Avanti Helium Corp. (TSXV: AVN) (OTC: ARGYF) (“Avanti” or the “Company”) is pleased to announce that it has closed the second tranche (the “Second Tranche”) of its non-brokered private placement (the “Offering”). The Company issued 150,000 units (the “Units”) at a price of $0.60 per Unit for gross proceeds of $90,000. Together with the first tranche closing on August 31, 2023, the Company has raised a gross total of $1,000,219.80 under the Offering, which is now closed.

Each Unit is comprised of one (1) common share (a “Share”) of the Company and one (1) Share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder to acquire one (1) additional Share (a “Warrant Share”) at an exercise price of $0.70 per Warrant Share for a period of twelve (12) months after the date of issuance.

In connection with the Second Tranche, the Company paid and issued an aggregate of $9,000 and 15,000 Share purchase warrants in finder’s fees (a “Finder’s Warrant”). Each Finder’s Warrant is exercisable to acquire one (1) Share (a “Finder’s Warrant Share”) at an exercise price of $0.70 per Finder’s Warrant Share for a period of twelve (12) months after the date of issuance.

All securities issued pursuant to or in connection with the Second Tranche closing are subject to a statutory hold period expiring on January 12, 2024, in accordance with applicable securities laws and policies of the TSX Venture Exchange (the “Exchange”).

The net 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 purposes.

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

The HRU solution also moves forward Avanti's discussions for non-dilutive financing options. Managing dilution and providing the best value for existing shareholders remains the primary focus for management. Avanti is in discussions with multiple parties regarding possible royalty financing arrangements as well as possible debt instruments. Moving closer to cash flow via the HRU and offtake discussions greatly improves the Company's ability to negotiate an attractive arrangement.

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. For more information, please go to the Company’s website at www.avantihelium.com.

For corporate and shareholder inquiries, please contact:

Avanti Helium Corp.

Investor Relations

Phone: 403-394-0409

Email: investors@avantihelium.com

Website: www.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: statements relating to the expected timing for the development of the helium recovery plant and timing estimates with respect to initial production therefrom, statements relating to the expected benefits to Avanti from the midstream agreement and liquefaction tolling agreement, statements relating to obtaining financing to fund associated infrastructure work for the plant, risks associated with helium exploration, development, production, marketing and transportation, volatility in helium prices, risks relating to the Company's ability to access sufficient capital from production and external sources, 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. Please see the public filings of the Company at www.sedarplus.ca for further information and risks applicable to the Company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.