Avanti Gold settles Misisi liabilities in cash

Executive Summary

• Avanti Gold Corp. and its subsidiary Regency Mining Ltd. have fully settled historic liabilities related to the Misisi gold project in the Democratic Republic of the Congo.
• The settlement was reached with Arc Minerals Ltd., reducing an outstanding liability of $1.25 million to a final payment of $625,000.
• The reduced settlement amount was paid in full in October 2025, effectively closing the legacy issue and allowing management to refocus on the Misisi project.

Key Details

• Settlement Counterparty: Arc Minerals Ltd.
• Original Liability Amount: $1,250,000 (USD)
• Settlement Amount: $625,000 (USD) (50% reduction of original liability)
• Payment Status: Paid in full during October 2025.
• Payment Deadline: October 31, 2025.
• Project Context: The liability was associated with the Misisi gold project in the Democratic Republic of the Congo.
• Strategic Impact: The resolution allows management to refocus on unlocking value at the Misisi project, described as a world-class gold project in an emerging jurisdiction.
• Company Profile: Avanti Gold is a gold exploration company with its flagship asset being the Misisi project (Akyanga deposit), which holds an inferred mineral resource of 44.3 million tonnes at 2.37 g/t Au (3.1 million ounces). The project spans three contiguous 30-year mining leases covering 133 square kilometres.

Notable Quotes

• Martin Pawlitshek, Incoming CEO: "We are pleased to have resolved these legacy issues with Avanti's outstanding accounts with Arc Minerals, through a negotiated settlement agreement, allowing us to refocus management's time onto unlocking value at the Misisi project, a world-class gold project in an emerging jurisdiction. This milestone strengthens the company's balance sheet and positions Avanti to pursue upcoming strategic and technical incentives at Misisi."