Avanti Mining Closes Restructuring of US$20 Million Bridge Facility and Additional US$10 Million Bridge Facility

Avanti Mining Closes Restructuring of US$20 Million Bridge Facility and 
Additional US$10 Million Bridge Facility 
VANCOUVER, BC -- (Marketwired) -- 07/15/13 --   Avanti Mining Inc.
(TSX VENTURE: AVT) (PINKSHEETS: AVNMF) and its wholly owned
subsidiary Avanti Kitsault Mine Ltd. ("Avanti" or the "Company")
announces that it has closed the previously announced on July 4,
2013, restructuring and extension of its existing US$20 million
bridge loan with CEF Holdings Limited ("CEF") and Resource Capital
Fund IV L.P. ("RCF IV") and additional US$10 million secured bridge
loan from Resource Capital Fund VI L.P. ("RCF VI"). In connection
with the financing, Avanti issued 20 million three-year warrants
exercisable at $0.08478 which is a 35% premium to the previous 20-day
VWAP of Avanti shares as of July 1, 2013. 
The purpose of the loans is to provide the Company with additional
time to provide debt, equity and strategic partnership financing that
will allow for the project financing and subsequent development of
the Kitsault Mine Project in northern BC. 
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.  
RCF IV and RCF VI are private equity funds with mandates to make
investments exclusively in the mining sector across a diversified
range of hard mineral commodities and geographic regions. RCF IV and
RCF VI are 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 IV 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. RCF
VI recently raised over US$2 billion for investment in construction
ready mining projects and other mining investments. 
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 than statements of historical fact,
included herein including, without limitation, the Company's plans 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,
2012, 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: 
A.J. Ali
Chief Financial Officer
Craig J. Nelsen
Chief Executive Officer
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