Avanti GOLD Announces That IT is Making Rapid Progress Towards Launching Exploration Activities at the Misisi Project IN the DRC
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AVANTI GOLD ANNOUNCES THAT IT IS MAKING RAPID PROGRESS TOWARDS
LAUNCHING EXPLORATION ACTIVITIES AT THE MISISI PROJECT IN THE DRC
HIGHLIGHTS:
› Avanti successfully transitioned to a new management team following their appointment on Sept. 30th, 2025
› Following the close of the upsized C$25m placement on October 23, efforts intensified with the goal of restarting
exploration activities
› Management has recently completed a successful in-country pre-drilling mobilisation trip, holding meetings with key
stakeholders including government officials, local authorities and community representatives across Kinshasa, Kalemie,
Lubumbashi and the Misisi Village and site visits to key infrastructure and service providers in the region
› Avanti has received several tenders for both drilling and laboratory services, and is currently negotiating and
evaluating contracts; the Company is targeting finalization of key service contracts in late Q4-2025 to early Q1-2026
› Kalemie confirmed as logistical base of operations for equipment mobilisation and support services
─ Kalemie Airport: 2.5km paved runway supports regular freight operations and charter to Lulimba Airstrip
─ Kalemie Port: +1,000t cargo capacity with regular vessels arriving from Tanzania and Zambia
─ N5 Highway: Site is accessed by 180km stretch of laterite N5 highway, currently undergoing refurbishment
› The Misisi camp was confirmed to be in working order, with the core storage facility functional and core catalogued;
Avanti is engaging with local contractors to refurbish the camp site along with critical points along the access roads
between the Misisi camp and the Lulimba airstrip and Kalemie, to support the mobilisation for the drilling programme
› The Misisi Project hosts an NI 43-101 compliant Inferred resource of 3.1Moz at 2.37 g/t Au, with significant upside
across the 133km2 licensed mining area with several high-priority targets previously identified through soil-sampling,
aeromagnetic survey, trenching, and prior drilling programmes
› A first 15,000 meter drill programme has been planned across at least 6 targets
› After the field trip Management also met with a delegation lead by, His Excellency, Louis Watum Kabamba, Minister of
Mines, to introduce the new management and to reports on its field visit and intentions to start activities on the
project
Vancouver, British Columbia — December 1, 2025 — Avanti Gold Corp. (CSE: AGC) (FSE: X370) (“Avanti” or the “Company”) is
pleased to report that it is making rapid progress to rapidly launch exploration activities in Q1-2026 at its Misisi Project, a high-
quality gold project located in the Democratic Republic of the Congo (“DRC”).
The newly appointed management team has recently completed an in-country field visit, including visits to Kinshasa,
Lubumbashi, Kalemie and the Misisi access road, where they held key meetings with suppliers, government, civil society groups,
traditional leaders, and some parties from Misisi Village.
Efforts are being focused on three parallel tracks: (1) reviewing and negotiating tenders for the 2026 Phase 1 exploration
programme, (2) establishing in-country supply chains, security measures, and community relations aided by the hiring of key
management positions, and (3) evaluating previous drilling and sampling data through a desktop review to inform the Phase 1
exploration programme. All workstreams are rapidly proceeding, with signed drilling and laboratory contracts expected in late
Q4-2025 to early Q1-2026, key hiring decisions expected in the coming weeks, and the start of exploration activities targeted in
Q1-2026.
Sir Samuel Jonah, Chairman, Avanti Gold Corp, “The Board is encouraged by the decisive progress made over the past several
weeks as Avanti re-establishes operations at Misisi. The work underway to strengthen local partnerships, secure critical
services, and mobilise for phase 1 drilling demonstrates a disciplined and execution-focused approach. We are confident that
the leadership team are positioning the Company to unlock the significant potential of the Misisi Project.”
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Martin Pawlitshek, Incoming CEO of Avanti, commented: "We have just completed a successful field visit in the DRC to establish
supply chain logistics and engage with key stakeholders of the Misisi Project, having met directly with government officials, local
authorities, national and local suppliers, and community representatives across Kinshasa, Kalemie, Lubumbashi, and the Misisi
Village. An pre-mobilization team is currently at the Misisi site engage constructively with the community and lay the groundwork
for future collaboration.
The field visit confirmed a workable environment with respect to local supply chains, security measures, and community relations.
Through the visit, we were able to assess the broader site access and security conditions and to start engaging local contractors
to support the refurbishment of facilities and improvements to road access to Misisi and the Lulimba airstrip. These assessments
underpin our ongoing negotiations with drilling tenders, as we seek to secure a robust supply chain to site.
During meetings in Kalemie and Lubumbashi, we started negotiations with national and regional suppliers regarding drilling,
laboratory services, and logistics. Several tenders have now been received, and we are systematically evaluating the technical
and operational requirements to ensure we select partners who can support the programme effectively.
With a defined 3.1 million ounce Inferred Mineral Resource at a grade of 2.37 g/t gold and in-country logistics confirmed, we
have solidified a robust foundation to underpin the Misisi Project. We are well positioned to unlock significant upside value as we
progress our Phase 1 exploration programme across several identified targets on three contiguous long-term mining leases
covering 133 km² of the highly prospective Kibara Gold belt. Our focus now is on advancing the project in a disciplined manner,
supported by thorough preparation, responsible practices, and meaningful engagement with stakeholders.
We were also honoured to meet with his Excellency, Louis Watum Kabamba, Minister of Mines, which allowed us to formally
introduce our new team to the authorities and to discuss our plans to re-start operations at the project. The meeting was well
received by both parties."
Figure 1: Meeting between his Excellency, Louis Watum Kabamba, Minister of Mines, his delegation and the Avanti team
The key priority for the field visit was to establish local supply chains, community relations & security plans, and define key
partnerships to accelerate the phase 1 exploration drill programme. During the visit, it was confirmed that Kalemie provides the
most logical and advanced point of entry to facilitate access to the Misisi project site for equipment and personnel given its ease
of accessibility by air, boat and road in addition to ongoing refurbishment works undertaken by other companies active in the
region. Heavy equipment, transport trucks, lowbeds, generators and containers are all readily available in sufficient quantities
in Kalemie, significantly de-risking mobilization for drilling and refurbishment efforts while drill rigs are available to be brought
to site through to Kalemie, via Lubumbashi or Tanzania.
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Key access, infrastructure and logistic notes from the field trip are summarized below:
› Suppliers: Robust local suppliers in Kalemie for a range of mining, exploration and construction services, with a large number
of national companies based in Lubumbashi and Kalemie capable of extending supply lines to the Misisi Project. Avanti has
secured agreements with local contractors who are currently undertaking refurbishment of road access around Misisi and
the exploration camp in Misisi Village to prepare it for increased activities scheduled to commence in Q1-2026.
Figure 2: Supplier site visit showcasing drill rig availability at Lubumbashi
Figure 3: Kalemie supplier site visit with incoming CEO, Martin Pawlitschek
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› Air Access: The Misisi project site is located approximately 12km south of a 1. 2km airstrip in Lulimba which can
accommodate charter flights from Kalemie or Lubumbashi. The Kalemie Airport, 180km south of Misisi by highway, hosts a
2.5km paved runway which supports regional transport passenger aircraft and freight operations with regular routes to
Kinshasa and Lubumbashi and private charter options available.
Figure 4: Kalemie Regional Airport tarmac
› Road Access: Misisi is located 5km from the N5 national highway, which links the project area to Kalemie in the south by
180km of laterite highway. Ongoing refurbishment measures are currently underway at the 35Km, 80km and 135km marks
from Kalemie to Misisi, funded by tenement holders adjacent to Avanti’s mining licenses. Avanti plans to commence the
refurbishment of the 12km road access to the Lulimba airstrip to the north of site, as well as points on the road from
Kalemie, so that heavy equipment can be brought to site.
Figure 5: Access Road to Misisi Project site via Kalemie
› Lake Access: The Port of Kalemie on Lake Tanganyika is capable of handling upwards of 1,000t of cargo with regular cargo
vessels arriving from Tanzania and Zambia via Lake Tanganyika. Discussions held with the local port authority confirmed
the capacity and processing times of the port to support increased exploration activities of Avanti and other local tenement
holders with no additional investment required.
Figure 6: Kalemie Port with docked Shipping Vessel from Tanzania
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› Workforce: Management met with personnel of Avanti’s local subsidiary, LEDA Mining Congo S.A. in Kalemie, Lubumbashi
and Kinshasa, initiating the work to recommence exploration activities in Q1-2026.
› Security: Initial security assessments have been carried out across the Kalemie –Misisi–Lulimba corridor with the support
of national and local security service companies. Security personnel and consultants are engaged to finalize plans for the
start up of the operation and ongoing support which will be closely tied to working with local communities.
› Water: Water required for exploration activities, including drilling, is readily available from bore holes and surface water.
› Power: The Misisi region is not connected to the national power grid, with on -site generators required to power the
exploration camp. Nevertheless, the site is located close to ongoing national power projects, including a hydroelectric
facility in Bendera, approximately 45- kilometers to the south of the project area, and power from local grids as shown in
Figure 5 above.
Furthermore, several pre-mobilization steps required for the phase 1 exploration programme launch were progressed,
including; (1) completion of steps to obtain export permits for the historic samples at Misisi, (2) completing required surface
fee payments, and (3) conducting initial security, community, and administrative visits in the region.
Key upcoming catalysts include:
› Drilling and laboratory service contracts: announcement of signed contracts for exploration service providers for the Misisi
Project.
› Refurbishment of camp: Increase capacity of exploration camp facilities at the Misisi Village to support increased
exploration activities.
› Review of existing data: Existing data is being evaluated with the goal of optimizing the phase 1 drilling program and
priorities.
› Key appointments: Key in-country management appointments including Security & HSE, Admin & Logistics, Exploration and
Community managers
› Launch of Phase 1 exploration programme : A proposed 15,000m drill programme covering previously identified high-
priority targets.
› Assay results: Assay results from 2,100-meter of historic diamond core that targeted both the northwest extension and the
high-grade southern zones of the Akyanga deposit
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ABOUT THE MISISI PROJECT AND ITS UPCOMING EXPLORATION PROGRAMME
The Misisi Gold Project is located 180km north of Kalemie and spans three contiguous 30- year mining leases covering 133km 2
along 55km of structure in the Kibara Gold Belt, a prominent metallogenic province known for hosting significant gold deposits.
Avanti owns a 73.5% interest in the Misisi Project, with the remaining minority interests held 21.5% by MMG Limited, and a 5%
free-carried interest held by the DRC government, under the 2002 Mining Code. Within the license area, a number of exploration
targets have been delineated through artisanal mining, soil and rock chip geochemistry, trenching, geophysics and limited
diamond drilling including the Akyanga, Akyanga East, Ngalula, Lubitchako, Tulonge, and Kilombwe targets.
Figure 7: Misisi Project Regional Plan
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The Misisi Project area is dominated by interbedded quartz–muscovite schists, schistose arkoses, muscovite quartzites,
quartzites, pebble conglomerates and foliated mafic intrusions. The Akyanga deposit is the primary deposit on the licenses
property, which comprises an overturned meta-sedimentary sequence intruded by dolerite and gabbro. Historical exploration
has delineated several sub-parallel mineralised zones with strike lengths of up to 2,000m. These zones, generally less than 10m
thick, dip moderately to shallowly to the southeast in the southern portion of the deposit. Toward the central and northern
sections, the mineralisation steepens, becoming near-vertical at surface in the north before flattening at depth. Mineralisation
is structurally and lithologically controlled, hosted along north–south striking deformation zones.
Phase 1 exploration programme
Following a tender process, several proposals have been received for drilling services from a diverse group of suppliers at the
local, regional and national level. Tenders for laboratory services have been received from in-country and neighbouring labs.
Avanti is currently evaluating and negotiating tenders with the expectation of signing agreements in late Q4-2025 to early Q1-
2026.
In parallel, Avanti is reviewing and re-evaluating prior exploration data, including trenching, soil samples, airborne magnetics
and drilling, to prioritize targets across the three contiguous 30-year mining licenses. The tentative drilling programme, as
outlined in Table 1 below, will prioritize footprint expansion at the Akyanga deposit, and target testing across the other high-
priority targets with a particular focus on Akyanga East, due to its close proximity to Akyanga, and at Ngalula, due to its significant
gold-in-soil anomaly results and large 8km identified strike length, of which there is an identified 3km main zone with widths up
to 600m.
Table 1: Phase 1 Misisi Project Drilling Programme – meterage by target
Trend Name Planned Drilling (%)
Akyanga 4,500m 30%
Akyanga East 3,000m 20%
Ngalula 3,000m 20%
Tulonge 1,500m 10%
Lubitchako 1,500m 10%
Kilombwe 1,500m 10%
Total Planned Meters Drilled 15,000m 100%
MISISI PROJECT DETAILS BY TARGET
The Akyanga Deposit
The Akyanga Deposit, located centrally in The Misisi Project, hosts an NI 43-101 compliant Inferred Mineral Resource of 40.8
million tonnes averaging 2.37 g/t gold, as set out in Table 2 below. The Mineral Resource has been defined from surface to a
vertical depth of approximately 350m over a strike length of 2.1km. The Inferred resource is based on 19,956m of historic drilling,
including 105 diamond drillholes (“DD”) totalling 19,070m and six reverse circulation (“RC”) drillholes totalling 887m.
Table 2: Akyanga Deposit Mineral Resource Estimate as of June 30 20231
Resources shown on a 100% basis
Tonnage Grade Content
(Mt) (Au g/t) (Au Moz)
Akyanga deposit
Measured Resources - - -
Indicated Resources - - -
Inferred Resources 40.8 2.37 3.11
1) M i neral R esources whi ch are not Ore R eserves do not have demonstrated economi c vi abi l i ty. T he esti mate of M i neral R esources may be m a te ria lly a ffe c te d
by envi ronmental , p e rm ittin g , le g a l, m a rke tin g , or other r el evant i ssues. Th e Min e ra l R esources i n thi s T echni cal R eport wer e esti mated usi ng CI M Gui del i nes.
A n I nf erred M i neral R esource i s that part of a M i neral R esource f or whi ch quanti ty and grade or qual i ty are esti mated on the b a s is of lim ite d g e o lo g ic a l
e vid e n c e a n d s a m p lin g . Ge o lo g ic a l e vid e n c e is s u ffic ie n t to im p ly b u t n o t ve rify g e o lo g ic a l a n d g ra d e o r q u a lity c o n tin u ity. T he i ndependent QP f or the
mi ner al r esour ce esti mates, as def i ned by N I 43 - 1 01 , i s D r . John A r thur . T he ef f ecti ve date of the 2023 mi ner al r esour ce esti mate i s Ju ne 30, 2023. A gol d pr i ce
of U S$1 , 500/oz was used i n cal cul ati ng the M i neral R esource E sti mate. T he l i mi ts of the R esource - constrai ni ng pi t shel l assumed a mi ni ng cut - of f based on
an average mi ni ng cost of U S$3. 00/t and an average processi ng cost (i ncl udi ng G& A ) of $1 8. 00/t, a metal l urgi cal recovery of 94% , and an open pi t sl ope
angl e between 35° - 45° . A mi ni ng di l uti on f actor of 5% was appl i ed to the resource model . T he gol d cut - o ff g ra d e a p p lie d to m in e ra lize d m a te ria l is 0 .5 0 g/t
A u. T he M i neral R esourc e e s tim a te fo llo w s C IM De fin itio n Sta n d a rd s .
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Metallurgical testwork of samples from Akyanga indicates good recoveries with standard processing techniques. Cyanide bottle
roll testing on early drill core confirmed significant free-milling, coarse gold, with only minor sulphide content, yielding potential
recoveries in excess of 91% across all tested samples.
As shown in Figure 8 below, mineralisation remains open at depth below the $1,500/oz conceptual pit shell, dipping towards the
southeast towards the Akyanga East structure. Notably, historical wide-space drilling confirms strong continuity in both grade
and thickness of the mineralised package, while high-grade intercepts have been identified at depth.
Figure 8: Akyanga Deposit Southeastern Cross-Section
Other High Priority Targets
Through 2011-2012, an extensive soil geochemical program was completed across the Misisi Project, collecting approximately
5,439 samples across the 55km strike length of the property. Initial sampling was conducted on 1km spaced lines with 50m
intervals, followed by infill sampling on 200m and 100m lines in priority areas. This work identified 16 significant soil anomalies
outside the Akyanga resource area, defined as coherent clusters of samples with gold values above 100 ppb. Only limited follow-
up exploration drilling has been completed on three of these anomalies: Akyanga East, Tulonge and Lubitchako.
1) Akyanga East
The Akyanga East Target is defined over a 5.5 -kilometer strike and situated approximately 1 -kilometer east of the Akyanga
Deposit. The mineralisation can be traced along strike for approximately 5.5 km, primarily through artisanal workings. Ten
diamond drill holes were completed on the target in 2013 with spacing between 200 and 500 meters apart. The proximity and
potential continuity with the Akyanga Deposit represent a significant upside opportunity.
Notable intercepts from the historical drilling programme including:
› MSDD0059: 5.1 meters at 8.50 g/t Au
› MSDD0064: 11.1 meters at 1.56 g/t Au and 7.9 meters at 3.30 g/t Au
› MSDD0090: 13.3 meters at 1.33 g/t Au and 1.3 meters at 4.41 g/t Au
2) Lubitchako
The Lubitchako Target is defined over a 1.2-kilometer strike and situated approximately 7-kilometers south of the Akyanga
Deposit. The target was identified through a soil sampling program, and further supported by positive trench results in a follow-
up program. Four diamond drill holes were completed on the target in 2013 encountering a series of stacked quartz veins which
warrant further exploration.