AVANTI MINING INC.

Avanti Mining released the results of the NI43-101 compliant Pre-Feasibility Study. Highlights include: A mine plan for a total of 215.3 million tonnes of proven and probable reserves grading 0.085% molybdenum to be mined over a 15-year mine life, producing 368 million pounds of molybdenum. The first five years of production averages 0.10% Mo. With an initial capital costs are estimated at $641 million with the base case after-tax NPV (8%) aat $551 million and an IRR of 20.6%. Cash operating costs are estimated to be $4.43/lb of accountable molybdenum (recovered molybdenum less 1% deductions) and annual metal production for the mine life averages 24.5 million pounds of molybdenum with the first five years averaging 29.2 million pounds per year.