Avaron Closes a Non-Brokered Private Placement

AVARON MINING CORP.

3847 Vance Road

Cultus Lake, BC V2R 5A6

News Release TSX-V: AVR

Avaron Closes a Non-Brokered Private Placement

April 30, 2025 – Vancouver, British Columbia - Avaron Mining Corp. (TSX-V: AVR) (the “Company” or

“Avaron”), is pleased to announce that it has been approved to close a part of its previously announced

non-brokered private placement , on March 17, 2025 and has issued 1,320,000 Common Shares (the

“Shares”) at a price of $0.05 per Share, for gross proceeds of $66,000 (the “Offering”).

In connection with the private placement, the Company paid no agent's commissions and/or finder's fees.

The Company intends to use the net proceeds for general working capital.

All shares issued pursuant to the Offering will be subject to a four- month hold period from the date of

issue.

In connection with the Private Placement, Nick Tintor, chairman of the Company and Carlos Escribano,

director and officer of the Company, purchased a total of 320,000 Shares. The issuance of Shares to Mr.

Tintor and Mr. Escribano, constitutes a "related party transac tion" as defined under Mul tilateral

Instrument 61-101 (“MI 61 -101”). The transac tions are exempt from the formal valuat ion and minority

shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued or

the consideration paid by such persons exceed 25% of the Company’s market capitalization.

About Avaron Mining Corp.

Avaron Mining Corp. brings together a veteran team of engineers, geologists, and finance professionals

with a focused strategy to acquire and develop mineral projects with an emphasis on safe, low risk

jurisdictions favorable to mining development. Avaron is earning a 100% interest in the Tolisnica and

Stanca Copper Property in Serbia.

On behalf of the Board of Directors of Avaron

Mining Corp.

Miloje Vicentijevic, President and Chief Executive Officer

Avaron Mining Corp.

Telephone: 604.617.1239

Forward-Looking Information: Certain statements made and information contained herein may constitute “forward -looking

information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities legislation.

These statements and information are based on facts currently available to Avaron and there is no assurance that the actual results

will meet management’s expectations. Forward -looking statements and information may be identified by such terms as

“anticipates,” “believes,” “targets,” “estimates,” “plans,” “expects,” “may,” “will,” “could” or “would.” Forward looking statements

in this press release but are not limited to, statements with respect to the expectations of management regarding the Offering, the

expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, and approval from

the Exchange in respect of the Offering. These forward- looking statements are subject to a variety of risks and uncertainties and

other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.

Risks that could change or prevent these statements from coming to fruition include the Exchange approving to the Offering; t he

proceeds of the Offering may not be used as stated in this news release; Avaron may be unable to satisfy all of the conditions to the

closing required by the Exchange. Avaron does not undertake to update any forward- looking statements or information except as

may be required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE

POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS

RELEASE.