Avante Mining Corp. announced a non-brokered private placement that it has issued 3,000,000 flow-through common shares at a price of CAD 0.15 per share for the gross proceeds of CAD 450,000 on September 1, 2023. All qualifying expenditures will be renounced in favor of the subscribers effective from December 31, 2023. All securities issued pursuant to the private placement are subject to a hold period of four months plus one day from the date of issuance and the resale rules of applicable securities legislation, which will expire on January 2, 2024. The transaction is subject to the approvals of certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the private placement, the company paid finders' fees of CAD 45,000 in cash and issued 300,000 non-transferable finders' warrants to an eligible arm's-length party. Each finder's warrant is exercisable to acquire one additional common share in the capital of the company at an exercise price of CAD 0.15 per common share for a period of two years from closing.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 2 placees.