Avanti Gold Announces Upsize of LIFE Private Placement to C$25 Million

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Avanti Gold Corp. (CSE: AGC) (FSE: X370) ("Avanti" or the "Company") is pleased to announce that the Company has increased the size of its previously announced private placement as announced on September 30 2025, from C$15,000,000 to C$25,000,000 and that the oversubscribed book is now closed.

The offering is being led by SCP Resource Finance LP ("SCP" or "Lead Agent") and a syndicate of joint book-runners including Haywood Securities Inc., Canaccord Genuity Corp., and Raymond James Ltd. (hereinafter referred to collectively as the "Agents" or the "Syndicate"), to act, on behalf of Avanti, in connection with a "commercially reasonable efforts" private placement offering for gross proceeds of up to C$25,000,000 (the "Offering").

The Offering will consist of up to 50,000,000 units of the Company (each, a "Unit") at a price of C$0.50 per Unit (the "Issue Price"), subject to all necessary regulatory approvals. The Units shall also be referred to as the "Offered Securities".

Each Unit will consist of one common share of the Company (a "Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of C$0.65 for a period of 36-months from the date of issuance thereof. The Warrants issued pursuant to the Offering will be subject to a restriction on exercise expiring 61 days from the date of issuance.

Martin Pawlitschek, incoming Chief Executive Officer of the Company states, "The successful book close of this equity financing, particularly on a significantly oversubscribed basis, demonstrates the strong confidence in our vision and in the quality of our assets. With this strengthened financial position, we will be well equipped to advance our exploration activities and development programs across our flagship Misisi Project. I look forward to working alongside our strong team to unlock the full potential of our Misisi Project and deliver strong benefits to our shareholders, host communities, and other stakeholders."

The Company may pay finders' fees in connection with the Placement, as permitted by applicable securities laws and the rules of the Canadian Securities Exchange ("CSE"). The Placement is subject to the Company's filing requirements with the CSE and the Company anticipates closing of the Placement as soon as practicable subject to receipt of all necessary regulatory approvals.

The net proceeds from the Placement will be allocated to further exploration efforts, including ground geophysics and the expansion of drilling programs at the Misisi Project as well as for general working capital for the Company that hosts the Akyanga gold deposit that resides within the Misisi Project with a 43-101 compliant Inferred Mineral Resource of 41Mt at an average grade of 2.37 g/t containing 3.1 Moz of gold.

Sir Sam Jonah, Chairman of Avanti, along with other Board members and management (the "Insiders"), strategics, institutional investors, and high net worth individuals are participating in the Offering. Insiders are considered "related parties" of the Company for the purposes of applicable securities laws and stock exchange rules. The subscription and issuance of Units by the Insiders constitute related party transactions but are exempt from the formal valuation and minority approval requirements of Regulation 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as neither the fair market value of the Shares and Warrants issued to each of the Insiders, nor the consideration paid by such Insiders, exceeds 25% of the Company's market capitalization.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Offered Securities will be offered for sale to purchasers resident in all of the provinces of Canada with the exception of Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The securities issuable from the sale of the Offered Securities are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act").