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AVT

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Share Name Share Symbol Market Type
TSXV:AVT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Avanti Mining Announces Memorandum of Understanding with the Wilp Luxxhon

20/01/2014 3:24pm

Marketwired Canada


Avanti Mining Inc. (TSX VENTURE:AVT)(PINKSHEETS:AVNMF) and its wholly owned
subsidiary Avanti Kitsault Mine Ltd. ("Avanti" or the "Company") is pleased to
announce it has signed a Memorandum of Understanding ("MOU") with the Wilp
Luxxhon related to its proposed Kitsault Mine Project.


"This understanding with the Wilp Luxxhon is a reflection of our hard work and
determination to support First Nations and local communities in meaningful
ways," said Avanti's President and CEO, Mark Premo. "We look forward to
implementing the components of the MOU which will provide sustainable economic
benefits to the Wilp Luxxhon people and will support further development of the
Kitsault Mine Project."


Terms of the MOU include:



--  Provision of certain road maintenance contracts to Wilp Luxxhon
    contracting services. 
--  Supporting Wilp Luxxhon efforts to develop a Road Maintenance Contractor
    business through the provision of funds which will be used to prepare
    business plans. 
--  Providing mine training opportunities to Wilp Luxxhon people. 



Wilp Luxxhon Chief, Don Russell, said, "Avanti is a fair and conscientious
mining company. We are looking forward to implementing this MOU in a way that
brings multiple benefits to our people."


Avanti is focused on the development of the past-producing Kitsault molybdenum
mine located north of Prince Rupert, British Columbia. The Kitsault Mine Project
received an environmental assessment certificate from the province of British
Columbia in March 2013. A federal environmental assessment decision is expected
in the near future.


For further information, please visit www.avantimining.com.

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 availability and completion of the Facility, 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 CONTACT: 
Avanti Mining Inc.
Mark Premo
Chief Executive Officer
604-620-7670, extension 223


Avanti Mining Inc.
A.J. Ali
Chief Financial Officer
604-620-7670, extension 222
www.avantimining.com

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