Avanti Mining Inc.
CNQ : AVMI

Avanti Mining Inc.

December 13, 2007 16:44 ET

Avanti Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 13, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE U.S.

Avanti Mining Inc. (CNQ:AVMI) announces that it has granted an aggregate of 1,360,000 incentive stock options to various directors, officers, employees, and consultants of the company at an exercise price of $0.52 per share. These options are granted for a five-year period, and the grant is subject to vesting provisions.

Avanti Mining Inc. is a newly formed company focused on acquiring, exploring, and developing mineral resource projects. With its initial focus on molybdenum, its strategy will be to purchase by-product molybdenum production streams from copper producers; to acquire advanced molybdenum prospects that can be advanced towards development; and to acquire other junior molybdenum producers or developers.

Forward-Looking Statements: This news release contains certain forward-looking information concerning the business of the Corporation. 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. These risks are further described in the Corporation's prospectus dated July 31, 2007, 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.

The CNQ Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Avanti Mining Inc.
    Craig J. Nelsen
    Chief Executive Officer
    (303) 565-5491, extension 13
    or
    Avanti Mining Inc.
    Cheryl A. Martin
    Investor Relations
    (303) 565-5491, extension 12
    Website: www.avantimining.com