SOURCE: Avanti Mining Inc.

Avanti Mining Inc.

March 03, 2011 20:01 ET

Avanti Mining Holds Open House and Invites Public Comments for Kitsault Environmental Assessment Review

VANCOUVER, BC--(Marketwire - March 3, 2011) - Avanti Mining Inc. (TSX-V: AVT) ("Avanti") reports that the British Columbia Environmental Assessment Office (BCEAO) has invited the public to attend an "open house" meeting at which the BCEAO and Avanti will make a presentation of the Application Information Requirement (AIR) for the proposed redevelopment of the Kitsault mine. There will be opportunity to ask questions about the process and comment on the document.

The Open House will be held at:

Terrace, B.C.
Best Western Hotel
4553 Greig Avenue

on March 15, 2011
from 4:30 p.m. to 8:00 p.m.

Those unable to attend in person can make a written submission over a 30 day period from March 9th to April 8th, 2011.

After taking public comments into account, the EAO will finalize the AIR and issue it to Avanti. This is the final step before the Environmental Assessment (EA) application is filed by the company.

"This is a significant milestone in the EA process for Kitsault," said Craig Nelsen, President & CEO, "and I wish to commend the governments of BC, Canada and the Nisga'a Lisims Government on their collaborative review of the Kitsault AIR which has avoided duplication of effort and delays in the environmental review process."

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

For further information, please visit www.avantimining.com, or phone 303-565-5481 to contact:

Craig J. Nelsen, Chief Executive Officer
AJ Ali, Chief Financial Officer

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; the terms of the option grants and the Corporation's plans for 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 January 31, 2009, 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.

Contact Information

  • For further information:

    Craig J. Nelsen
    Chief Executive Officer

    AJ Ali
    Chief Financial Officer

    www.avantimining.com
    303-565-5481