Avanti Mining Extends Maturity Date of US$20 Million Bridge Loan

Avanti Mining Extends Maturity Date of US$20 Million Bridge Loan 
VANCOUVER, BC -- (Marketwired) -- 07/03/13 --   Avanti Mining Inc.
(TSX VENTURE: AVT) (PINKSHEETS: AVNMF) and its wholly owned
subsidiary Avanti Kitsault Mine Ltd. ("Avanti" or the "Company")
announces that the US$20 million secured bridge loan with CEF
Holdings Limited ("CEF") and Resource Capital Fund IV L.P. ("RCF")
(collectively referred herein as Lenders) that matured on June 29th,
2013 has been extended to July 12th, 2013 This extension is to allow
the Company time to conclude the advanced stage negotiations with the
Lenders regarding a new loan of US$10 million together with the
extension of current US$ 20 million loan. Both loans would have a new
maturity date of December 31, 2014. There can be no assurance the new
loan will be completed. The transaction requires TSX Venture Exchange
approval and completion of definitive documentation. 
CEF Holdings Limited is a Hong Kong incorporated company and is 50%
owned by Cheung Kong (Holdings) Limited, a company listed on the Main
Board of the Hong Kong Stock Exchange, and 50% owned by Canadian
Imperial Bank of Commerce of Canada. CEF operates a natural resources
fund that principally invests in mining ventures.  
Resource Capital Fund IV L.P. ("RCF") is a private equity fund with
mandates to make investments exclusively in the mining sector across
a diversified range of hard mineral commodities and geographic
regions. RCF is managed by RCF Management L.L.C. which has its
principal office in Denver and additional offices in Perth, New York
(Long Island) and Toronto. RCF has provided financing for Avanti to
acquire and develop the Kitsault deposit since 2008 and owns
approximately 37% of the Company's issued and outstanding shares. 
The Company is focused on the development of the past producing
Kitsault molybdenum mine located north of Prince Rupert in British
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. All statements, other t
han statements of historical fact,
included herein including, without limitation, the Company's plans to
arrange a new loan,to arrange debt and equity financing to build the
Kitsault project, and the development of the Kitsault project, 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 Company'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; results of negotiations with a potential
strategic partner and other risks and uncertainties disclosed in the
Company's Annual Information Form for the year ended December 31,
2011, which is available at www.sedar.com. The Company is under no
obligation to update forward-looking statements if circumstances or
management's opinions should change, excepting 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
A.J. Ali
Chief Financial Officer
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