Avanti Gold Corp. Commences 2024 Exploration Program at the 3.1 Million Ounce Misisi Gold Project

News Release

Avanti Gold Corp. Commences 2024 Exploration Program at the 3.1 Million Ounce Misisi Gold Project in

the Democratic Republic of Congo

Vancouver, BC – September 26, 2024 – Avanti Gold Corp. (CSE: AGC) ("Avanti" or the "Company") is pleased

to announce the commencement of the 2024 exploration program at the Misisi Gold Project in the Democratic

Republic of Congo (DRC). Avanti geologists are currently overseeing the preparation of diamond drill samples for

transportation to Advanced Laboratory Solutions (ALS) assay lab located in Johannesburg, South Africa. These

samples are from 2,100 meters (m) of diamond drilling that was completed by the previous owner but were not

assayed and are not included in the current 3.1 million ounce Inferred Mineral Resource estimate for the Misisi

Project.

The Misisi Project is located approximately 340 kilometers (km) southwest of Bukavu, in the South-Kivu province

of the DRC. Misisi is home to the Akyanga gold deposit, which hosts a NI 43-101 compliant Inferred Mineral

Resource of 41 million tonnes at an average grade of 2.37 grams per tonne (g/t), containing 3.1 million ounces of

gold. Mineralization occurs over a strike length of 2.1 km and remains open along strike to the north and south as

well as down dip and at depth. The Misisi Project spans three contiguous 30-year mining leases covering 133 square

km along the 55 km long Kibara Gold Belt.

Over $30 million has been invested in exploration at the Misisi Project to date, including 20,000 m of diamond

drilling and 500 m of trenching. Comprehensive geochemical and geophysical surveys have been conducted over

the entire 55 km belt, identifying a parallel structure and several drill-ready exploration targets.

The 2,100 m of diamond drilling targeted the northwest and high -grade southern sections of the Akyanga

mineralized zone. The infill samples being processed have the potential to convert a portion of the Inferred Mineral

Resource into the Indicated category. The sampl es are housed in two storage facilities, one in Bukavu located

approximately 1,392 km from Lubumbashi and at the Misisi exploration camp. The Avanti team is currently in

Bukavu, preparing 499 samples for shipment by air to the ALS prep lab in Lubumbashi by the end of the week. The

team will then travel to Misisi to oversee the next phase of transportation, which will move approximately 1,545

samples from Misisi to the ALS lab over the course of approximately three weeks. Both sets of samples will then

be sent to the ALS assay lab in Johannesburg. Strict QA/QC protocols will be applied to all samples to ensure

compliance with NI 43-101 standards. Assay results will be announced in stages as they become available.

2025 Exploration Program

Subject to financing, the Company is planning a $2.5 million diamond drill program of 5,000 m in 2025. The

program will focus on several key targets. Approximately 2,400 m will test the southern extension of the 3.1 million

ounce Akyanga deposit and a deeper intercept of 25 m at 8.14 g/t gold, located approximately 30 m below the pit

shell and approximately 220 m from the surface. The Company will also drill 1,400 m on a parallel structure located

500 m east of Akyanga (Akyanga East) to follow up on 1,200 m of diamond drilling, which includes assay results

of 7.9 m at 5.3 g/t gold and 5.0 m at 8.5 g/t gold. Approximately 1,200 m will test additional drill-ready targets that

have had extensive geochemical and geophysical work as wel l as good -grade shallow drill results. These targets

range between 5 and 20 kilometers south of the main ore body along the 55 km Kibara Gold Belt.

Omnibus Equity Incentive Plan

The Company further announces that is has issued a total of 6,500,000 restricted share units (“ RSUs“) to certain

directors, officers and Consultants of the Company in accordance with the Company’s Omnibus Equity Incentive

Plan (“OMNIBUS Plan”). The RSUs will be subject to certain vesting provisions . Once vested, each RSU

represents the right to receive one common share of the Company or the equivalent cash value thereof, at the

Company’s discretion.

About Avanti Gold Corp.

Avanti Gold Corp. is a Canadian -based exploration company focused on advancing high -grade gold projects in

Africa. The Company benefits from a senior management team with extensive experience in mining, exploration,

and resource development. Leveraging this expertise, Avanti is strategically focused on unlocking value through its

flagship Misisi Project in the Democratic Republic of Congo.

Qualified Person

Ephraim Masibhera, a “Qualified Person” as defined by National Instrument 43 -101 - Standards of Disclosure for

Mineral Projects (“NI 43-101”), has reviewed the scientific and technical information that forms the basis for this

news release and has approved the disclosure herein. Historical information contained in this news release cannot

be relied upon as the Company’s Qualified Person, as defined under NI 43 -101, has not prepared nor verified the

historical information.

AVANTI GOLD CORP.

Ian MacLean, CEO

Email: [email protected]

www.avantigoldcorp.com

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies

of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward -Looking Statements” within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the

words “anticipate,” “believe,” “estimate,” “expect,” “target,” “plan,” “forecast,” “may,” “schedule,” and similar words

or expressions identify forward -looking statements or information. Such statements represent the Company’s current views

with respect to future events an d are necessarily based upon a number of assumptions and estimates that, while considered

reasonable by the Company, are inherently subject to significant business, economic, competitive, political, and social risks ,

contingencies, and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements

to be materially different from the results, performance, or achievements that are or may be expressed or implied by such

forward-looking statements. The Company does not intend and does not assume any obligation to update these forward-looking

statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such

statements and information other than as required by applicable laws, rules, and regulations.