Avanti Gold Announces That It Is Making Rapid Progress Towards Launching Exploration Activities at the Misisi Project in the DRC

Executive Summary

• Avanti Gold Corp. reports rapid progress toward launching a 15,000‑meter Phase 1 drill program at the Misisi Project in Q1 2026.
• The company has completed an in‑country field visit, secured logistical base at Kalemie, and is negotiating drilling and laboratory service contracts expected to be signed by late Q4 2025–early Q1 2026.
• The Misisi Project hosts a NI 43‑101 compliant inferred resource of 3.1 Moz Au (2.37 g/t) with multiple high‑priority targets identified for the upcoming drill campaign.

Key Details

• Management Transition: New management team appointed on Sept 30 2025; incoming CEO Martin Pawlitshek led field visit and stakeholder meetings.
• Funding: Upsized C$25 million placement closed Oct 23 2025, providing capital to restart exploration activities.
• Logistics Base: Kalemie confirmed as primary hub – airport (2.5 km paved runway), port (+1,000 t cargo capacity), and N5 highway undergoing refurbishment.
• Site Preparation: Misisi camp functional; local contractors engaged to refurbish camp and improve access roads to Lulimba airstrip and Kalemie.
• Exploration Targeting: Planned 15,000 m drill program across six targets: Akyanga (4,500 m), Akyanga East (3,000 m), Ngalula (3,000 m), Tulonge (1,500 m), Lubitchako (1,500 m), Kilombwe (1,500 m).
• Contractual Milestones: Drilling and laboratory service contracts expected to be signed late Q4‑2025 – early Q1‑2026.
• Community & Government Relations: Meetings held with DRC Minister of Mines Louis Watum Kabamba and local authorities; community engagement plan underway.
• Infrastructure Highlights:
• Air: Misisi airstrip (1.2 km) supports charter flights; Kalemie Airport handles regional freight/passenger traffic.
• Road: 180 km N5 highway to Kalemie, with ongoing refurbishment at key segments.
• Water & Power: On‑site boreholes and generators available; proximity to hydroelectric projects noted.
• Upcoming Catalysts:
• Announcement of signed drilling/lab contracts.
• Refurbishment completion of Misisi camp facilities.
• Review of historic data to finalize drill priorities.
• Key in‑country hires (Security & HSE, Logistics, Exploration, Community).
• Launch of Phase 1 drilling in Q1 2026.
• Assay results from 2,100 m of historic core (Akyanga extension).

Notable Quotes

• Sir Samuel Jonah, Chairman: “The Board is encouraged by the decisive progress… we are confident the leadership team are positioning the Company to unlock the significant potential of the Misisi Project.”
• Martin Pawlitshek, Incoming CEO: “Our field visit confirmed a workable environment… We are well positioned to unlock significant upside value as we progress our Phase 1 exploration programme.”