Avanti Mining Inc. announced to release the results of the NI 43-101 Preliminary Feasibility Study ('PFS') prepared by Wardrop, a Tetra Tech Company on its 100% owned Kitsault Molybdenum property in British Columbia, Canada. The mine plan calls 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; Initial capital costs are estimated at $641 million; Cash operating costs are estimated to be $4.43/lb of accountable molybdenum (recovered molybdenum less 1% deductions); The average life of mine (LOM) price of molybdenum for base case scenario is computed by using the CPM Group projections and it is $15.88/lb. The base case after-tax NPV(8%) is $551 million, with an IRR of 20.6%. Projected undiscounted net cash flow (after-tax) is $1.56 billion; 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; The mine has certain infrastructure in place with road and ocean freight access to the mine site and will be serviced by the BC Hydro transmission grid; Develop a Run-of-River Hydro-electric project, by taking advantage of the site water diversion design in managing runoff from the average 2 meters of precipitation.

Avanti Mining Inc. announces the appointment of James R. Arnold, P.E., as a director of the company. Mr. Arnold has over 30 years of experience in the mining industry, recently as Vice President, Colorado Operations, for Freeport McMoRan, overseeing the Henderson Mine and the Climax project in Colorado. He is currently the Sr. Vice President, Chief Operating Officer and board Member of Romarco Minerals, a junior gold mining company focused on the construction and commissioning of the Haile Mine in South Carolina.

Avanti Mining Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported loss before other items of CAD 861,804, net loss before income taxes of CAD 549,566 and net loss and comprehensive loss of CAD 550,661 or CAD 0.00 per basic and diluted share compared to loss before other items of CAD 1,298,309, net loss before income taxes of CAD 1,274,524 and net loss and comprehensive loss of CAD 1,280,308 or CAD 0.02 for the same period a year ago. Net cash flows used in operating activities were CAD 892,448 compared to CAD 524,132 reported a year ago. The company reported purchase of equipment of CAD 21,742 compared to CAD 248 reported a year ago. For the six months, the company reported loss before other items of CAD 1,725,066, net loss before income taxes of CAD 2,808,173 and net loss and comprehensive loss of CAD 2,810,700 or CAD 0.03 per basic and diluted share compared to loss before other items of CAD 1,863,157, net loss before income taxes of CAD 1,798,661 and net loss and comprehensive loss of CAD 1,804,445 or CAD 0.03 for the same period a year ago. Net cash flows used in operating activities were CAD 1,423,227 compared to CAD 961,617 reported a year ago. The company reported purchase of equipment of CAD 21,742 compared to CAD 1,666 reported a year ago.