Avanti Gold settles Misisi liabilities in cash

Mr. Swapan Kakumanu reports AVANTI GOLD ANNOUNCES SETTLEMENT OF HISTORIC LIABILITY Avanti Gold Corp. and its wholly owned subsidiary, Regency Mining Ltd., have settled historic liabilities related to the Misisi gold project in the Democratic Republic of the Congo, through a reduced cash payment. As announced on July 11, 2025, Avanti had reached a binding settlement agreement with Arc Minerals Ltd. to settle an outstanding $1.25-million (U.S.) payable through a reduced settlement sum of $625,000 (U.S.) if paid by Oct. 31, 2025. Avanti paid this reduced settlement amount of $625,000 (U.S.) in full during October, 2025, closing the historic liability on the Misisi gold project. Martin Pawlitshek, incoming chief executive officer of Avanti, commented: "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." About Avanti Gold Corp. Avanti is a gold exploration company with a robust portfolio of projects in Africa. The company's flagship asset is the Misisi project in the Democratic Republic of the Congo, home to the Akyanga gold deposit. The Akyanga deposit has an inferred mineral resource of 44.3 million tonnes at an average gold grade of 2.37 grams per tonne, totalling 3.1 million ounces of gold. The Misisi project spans three contiguous 30-year mining leases covering 133 square kilometres along the 55-kilometre-long Kibara gold belt, a prominent metallogenic province known for hosting significant gold deposits. Qualified person Ephraim Masibhera, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), 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 National Instrument 43-101, has not prepared nor verified the historical information. We seek Safe Harbor.