AVANTI MINING ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U .S.
November 28, 2007 CNQ:AVMI
Vancouver, British Columbia: Craig J. Nelsen, President and CEO of Avanti Mining Inc. (CNQ:AVMI)
(“Avanti”), is pleased to announce that Avanti has closed the first tranche of its private placement on a nonbrokered
basis, originally announced on November 9, 2007, raising net proceeds of C$7,602,013.20 through the
issuance of 12,670,022 Units at a price of C$0.60.
Each unit consists of one common share and one-half of a share purchase warrant exercisable for two years at a
price of C$0.90 per warrant. There are no commissions or finder’s fees payable in connection with this private
placement. After giving effect to the private placement, Avanti will have 63,951,023 common shares issued and
outstanding. All securities issued in connection with this private placement will have a hold period of four months
and one day.
Avanti intends to close a second tranche of C$1,398,000.00 on or around November 29, 2007.
Proceeds will be used for ongoing exploration expenditures on its two mineral claims in the Similkameen Mining
Division of British Columbia and for acquisition of mineral resource projects, including molybdenum properties at
various stages of development.
Avanti Mining Inc. is a newly formed company focused on acquiring, exploring, and developing mineral resource
projects. With its initial focus on molybdenum, its strategy will be to purchase by-product molybdenum
production streams from copper producers; to acquire advanced molybdenum prospects that can be advanced
towards development; and to acquire other junior molybdenum producers or developers.