AVT

Avanti Mining Inc. (TSX VENTURE:AVT) ("Avanti" or the "Company") is pleased to
announce that it has entered into a debt financing mandate letter (the "Mandate
Letter") with a syndicate of six lenders (the "Lenders") pursuant to which the
Lenders are proposing to provide secured debt finance facilities for US$612
million to develop the Kitsault molybdenum mine. The Lenders consists of BNP
Paribas, Caterpillar Financial Services Corporation, Export Development Canada,
Korea Development Bank, Mizuho Bank Ltd. and UniCredit Bank AG.


The Mandate Letter and related term sheet establishes the terms under which the
Banks have been appointed to deliver a project finance facility of US$612
million and is subject to due diligence, loan documentation, credit and certain
other approvals. Final credit approval for the facility is expected in September
2014. 


The facility set out in the term sheet is comprised of US$500 million senior
debt for a term of 10.5 years, US$42 million in equipment finance for a term of
5 years and $70 million in the form of standby cost over-run facilities for a
term of 8 years. The interest rate is LIBOR based, loan repayments are
semi-annual or quarterly (for equipment finance) and there are mandatory
prepayment provisions of a portion of excess free cash flow. The facility will
include customary provisions for a financing of this type, including fees,
representations and warranties, covenants, events of default and security
customary for this type of financing.


The funding under this facility will be subject to the customary conditions
precedent for a financing of this type including an equity financing component
arranged by Avanti, which the Company continues to pursue through various
options, including the sale of a silver stream and/or investment by a strategic
partner.


"The project finance facility is a major component of Avanti's financing
strategy. We welcome the financial support of our banking partners and we can
now focus on advancing equity funding options to complete our Cdn$818 million
initial construction capital requirement for Kitsault. With the execution of
offtake agreements with ThyssenKrupp Metallurgical Products GMBH and SeAH M&S,
the conclusion of a Benefits Agreement with the Nisga'a Nation, the receipt of
construction and environmental approvals for the Kitsault Project, commencement
of construction activities at site and now the pending agreement on the
cornerstone project financing component, the Kitsault project moves
significantly closer to a positive production decision," stated Mr. Gordon J.
Bogden, President and Chief Executive Officer. 


Avanti's financial advisor in relation to the debt financing is Northcott Capital.

Avanti is currently focused on the development of the past producing Kitsault
molybdenum mine located north of Prince Rupert, British Columbia, as part of an
overall strategy to develop properties and projects that complement the steel
commodity stream. 


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; statements related to the completion of the project financing
pursuant to the mandate letter and statements relating to arranging equity
financing for the 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 the ability to negotiate and finalize binding agreements
for the facility, the satisfaction of any conditions precedent to the facility,
including the receipt of credit approval by the Lenders, the availability of
equity financing at terms acceptable to the Company, commodity price and
operational risk inherent in the mining industry; and other risks and
uncertainties disclosed in the Company's MD&A and the Annual Information Form
for the year ended December 31, 2013, which are available at www.sedar.com. The
Company 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Avanti Mining Inc.
Shawn Howarth
Vice President, Corporate Development and Investor Relations
(416) 847-0376
www.avantimining.com

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