Avanti Announces Offtake Agreement With ThyssenKrupp

Avanti Announces Offtake Agreement With ThyssenKrupp 
VANCOUVER, BC -- (Marketwired) -- 06/20/13 --  Avanti Mining Inc.
(TSX VENTURE: AVT) (PINKSHEETS: AVNMF) ("Avanti" or the "Company")
announced that it has entered into an offtake agreement ("Agreement")
with ThyssenKrupp Metallurgical Products GMBH ("TKMetPro") for fifty
percent (50%) of its total molybdenum production from Kitsault for
the life of that mine. TKMetPro is part of ThyssenKrupp group based
in Essen, Germany.  
The Agreement represents approximately US$2.7 billion of potential
molybdenum revenues at the price assumptions reported by Avanti in
its February, 2013 NI 43-101 Feasibility Study Update. (See news
release of February 6, 2013). TKMetPro also has first right of
refusal for any additional molybdenum production developed by the
Company on other projects during the term of this Agreement. Avanti
has appointed TKMetpro as its exclusive agent for sale of its
products in Europe and North America with a specified amount to be
sold in Germany. The quantity of molybdenum sold and consumed inside
Germany is sufficient to qualify Avanti for German government "Untied
Loan Guarantee" (UFK), under the Raw Material Import Policy. Avanti
has previously received UFK approval in principle, and has now
applied for formal approval based upon this Agreement through KfW
IPEX-Bank GmbH ("KfW") who is acting as Avanti's UFK agent. KfW and
UniCredit Bank AG ("UniCredit") have previously been mandated to
collectively provide, under the UFK program, US$300 million of the
total project finance facility needed for the development of the
Kitsault mine. 
"We are very pleased to have TKMetPro as a significant customer and
look forward to a long term mutually beneficial relationship with
them. The TKMetPro agreement is an important step in securing
Kitsault's financing through the UFK program. We look forward to
concluding our discussions with potential Asian partners for a
similar transaction in order to assist in the completion of the debt
financing for the project," said A.J. Ali, the Chief Financial
Officer. 
ThyssenKrupp is a diversified industrial group with 150,000 employees
and operates in 80 countries worldwide and generated sales of 40
billion Euros in 2012. 
Avanti is focused on the development of the past producing Kitsault
molybdenum mine located north of Prince Rupert in British Columbia.  
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 adequacy or accuracy of this release. 
Forward-Looking Statements: This news release contains certain
forward-looking information concerning the business of Avanti Mining
Inc. (the "Corporation"). All statements, other than statements of
historical fact, included herein including, without limitation;
statements related to the development of the Kitsault molybdenum
mine, are forward-looking statements. These forward-looking
statements are based on the opinions of management at the date the
statements are made and are based on assumptions and subject to a
variety of risks and uncertainties and other factors that could cause
actual events to differ materially from those projected in
forward-looking statements. Important factors that could cause actual
results to differ materially from the Corporation's expectations
include fluctuations in commodity prices and currency exchange rates;
uncertainties relating to interpretation of drill results and the
geology, continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs, recovery rates, production
estimates and estimated economic return; the need for cooperation of
government agencies and native groups in the exploration and
development of properties and the issuance of required permits; the
need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing; the
possibility of delay in exploration or development programs or in
construction projects and uncertainty of meeting anticipated program
milestones; uncertainty as to timely availability of permits and
other governmental approvals; and other risks and uncertainties
disclosed in the Corporation's Annual Information Form for the year
ended December 31, 2010, which are available at www.sedar.com. The
Corporation is under no obligation to update forward-looking
statements if circumstances or management's opinions should change,
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking statements. 
For further information, please visit www.avantimining.com, or contact: 
Craig J. Nelsen
Chief Executive Officer
303-565-5491, extension 4471 
A.J. Ali
Chief Financial Officer
303-565-5491, extension 4472