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| | December 17, 2009
Avanti Mining Files Final Preliminary Feasibility Study For Kitsault Molybdenum Property
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| | Vancouver, British Columbia: Avanti Mining Inc. (TSXV:AVT) ("Avanti") announces that Wardrop, a Tetra Tech Company ("Wardrop") has issued its final NI 43-101 Pre-feasibility Study Report for Avanti's Kitsault Molybdenum property, as previously announced on November 16, 2009. The complete report has been filed on SEDAR and is also available on Avanti's web site, www.avantimining.com.
Avanti Mining Inc. is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia.
For further information, please visit www.avantimining.com, or phone 303-565-5491 to contact:
Craig J. Nelsen, Chief Executive Officer
A J Ali, Chief Financial Officer
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. (the "Corporation"). The statement about the development of the past producing Kitsault molybdenum mine is a forward-looking statement. This forward- looking statement is based on the opinions of management at the date of this news release and and is 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 the forward-looking statement. Important factors that could cause actual results to differ materially from the Corporation'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; and other risks and uncertainties disclosed in the Corporation's Annual Information Form dated July 2, 2009, which is available at www.Sedar.com. The Corporation is under no obligation to update forward-looking statements if circumstances or management's opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. |
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