SOURCE: Avanti Mining Inc.

Avanti Mining Inc.

February 07, 2011 10:15 ET

Avanti Mining Hires Nicola Street Capital Inc. as Investor Relations Consultants

VANCOUVER, BC--(Marketwire - February 7, 2011) - Avanti Mining Inc. (TSX-V: AVT) ("Avanti" or the "Company") reports that it has signed a six-month Consulting Agreement with Nicola Street Capital Inc. ("Nicola Street Capital") to act as Investor Relations consultants to the company.

Nicola Street Capital is a privately held British Columbia Company, based in Vancouver, and provides investor relations and other marketing services to public companies. Nicola Street Capital and Avanti are at arms-length to one another. Nicola Street Capital does not hold or have the right to acquire an interest, directly or indirectly in Avanti. Nicola Street Capital will provide investor relations services including, but not limited to, communicating with investors and potential investors. Nicola Street Capital will not provide market making services.

Nicola Street Capital will be paid a monthly fee of $2,154 per month and one-time setup fees of $2,700. The Consulting Agreement may be extended beyond the initial six month term upon the mutual agreement of Avanti and Nicola Street Capital.

Avanti is focused on the development of the past producing Kitsault molybdenum mine located north of Prince Rupert in British Columbia.

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. (the "Corporation"). All statements, other than statements of historical fact, included herein including, without limitation; statements about the recoverability of molybdenum at the Kitsault property and other matters related to the development of the Kitsault molybdenum mine, 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 Annual Information Form for the year ended December 31, 2009, which are 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.

Contact Information

  • For further information, please visit www.avantimining.com, or contact:

    Craig J. Nelsen
    Chief Executive Officer
    303-565-5491, extension 4471

    A.J. Ali
    Chief Financial Officer
    303-565-5491, extension 4472