Avanti Mining Inc.

Avanti Mining Inc.

June 23, 2008 13:41 ET

Avanti Mining Inc. Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2008) - Avanti Mining Inc. (CNQ:AVMI) today announces the appointment of David Cohen as a director of the company.

Mr. Cohen is co-founder and Chairman of Eastern Platinum Ltd. and was the former President and CEO of Northern Orion Resources Inc. He has over twenty years of international experience, including operating and management positions with DeBeers, Anglo American and Fluor Engineers. He is a Professional Chemical Engineer and holds an MBA.

Craig J. Nelsen, President and Chief Executive Officer of Avanti states, "We are extremely pleased to have someone of the caliber of David Cohen joining our board of directors. David's extensive operating experience will be of tremendous value to Avanti as the company rapidly develops its recently acquired Kitsault molybdenum mine in British Columbia."

Mr. Cohen will be assuming a board seat as Ms. Eileen Au resigns. Ms. Au was a director of Avanti during this past start-up year, and the board expresses its appreciation for her efforts on Avanti's behalf.

Avanti Mining Inc. is a company focused on acquiring, exploring, and developing mineral resource projects. Its initial focus will be on the Kitsault mine, a formerly producing molybdenum prospect that Avanti 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
    Avanti Mining Inc.
    Cheryl A. Martin
    Senior Vice President, Investor Relations
    (303) 565-5491, extension 12
    Website: www.avantimining.com