Avanti Mining Inc.
CNQ : AVMI

Avanti Mining Inc.

June 25, 2008 09:00 ET

Avanti Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) -

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 2,525,000 incentive stock options to various directors, officers, employees, and consultants of the company at an exercise price of $0.56 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. It has signed a definitive purchase agreement to acquire the past producing Kitsault Molybdenum Mine in British Columbia, which it intends to advance quickly to production.

Forward-Looking Statements: This news release contains certain forward-looking information concerning the business of Avanti Mining Inc. (the "Corporation"). All statements, other than statements of historical fact, included herein including, without limitation; anticipated dates for receipt of permits and approvals, construction and production, and other milestones; anticipated results of drilling programs, feasibility studies and other analyses; estimated timing and amounts of future expenditures, and the Corporation's future production, operating and capital costs, operating or financial performance, 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 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 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
    Senior Vice President, Investor Relations
    (303) 565-5491, extension 12
    Website: www.avantimining.com