Avanti Gold upsizes bought-deal placement to C$45 million

Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - Avanti Gold Corp. (CSE: AGC) (FSE: X370) (OTCQB: AVTGF) (" Avanti " or the " Company ") is pleased to announce that the Company has increased the size of its previously announced private placement as announced on August 30, 2026, from C$35 million to C$45 million and that the oversubscribed book is now closed.

THE OFFERING

The Offering is led being led by SCP Resource Finance LP, as sole bookrunner and underwriter on behalf of a syndicate of underwriters (the " Underwriters "), pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 90,000,000 units of the Company (the " Units ") at a price of C$0.50 per Unit (the " Issue Price ") for aggregate gross proceeds of C$45 million.

Each Unit will consist of one common share of the Company (a " Common Share ") and one-half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of C$0.65 for a period of 36 months from the date of issuance thereof.

The Company has granted the Underwriter an option (the " Option ") to increase the size of the Offering by up to 15%, exercisable in whole or in part at any time up to 48 hours prior to closing. Closing is expected to occur on or about September 22, 2026, or such other date as the Company and the Underwriter may agree and remains subject to customary conditions, including the receipt of all necessary regulatory approvals. In the event the Option is fully exercised, the maximum gross proceeds raised under the Offering will be C$51.75 million.

As consideration for their services, the Underwriters will receive a cash commission of 6.0% of the gross proceeds of the Offering. The Underwriters may, at their sole and absolute discretion, subject to compliance with applicable securities laws, elect to receive a portion or all of their cash commission in Units. In addition, the Underwriters will receive broker warrants in an amount equal to 6.0% of Units sold, with each broker warrant exercisable to purchase one Common Share at the Issue Price for a period of 3 years from the closing date of the Offering.

The Units will be offered: (a) by way of private placement in one or more of the provinces of Canada (except for the Province of Quebec) pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws; (b) in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "); and (c) in jurisdictions outside of Canada and the United States that are reasonably satisfactory to the Company on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. The Offering is subject to the policies of the Canadian Securities Exchange (the " Exchange "). The securities to be issued pursuant to the Offering to purchasers resident in Canada will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws and the policies of the Exchange. The Units will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under ASC Rule 72-501 and, accordingly, the securities to be issued pursuant to the Offering to purchasers outside of Canada are not expected to be subject to a four-month hold period in Canada.