Avanti Mining Announces Kitsault Mine EA Referred to Ministers and Favourable Fisheries Act Determination Made

Mon Mar 4, 2013 8:30am EST

* Reuters is not responsible for the content in this press release.

  VANCOUVER, BC, Mar 04 (Marketwire) -- 
Avanti Mining Inc. (TSX VENTURE: AVT) (PINKSHEETS: AVNMF) ("Avanti") is
pleased to announce that it has received notice from the British Columbia
Environment Assessment Office (EAO) that the Kitsault Mine Project
located in Northern BC has been referred to the Ministers of Environment
(MOE) and Mines, Energy and Natural Gas (MENG) for consideration to
approve an Environmental Assessment Certificate (EAC) on the project. The
company has also received notice from the Department of Fisheries and
Oceans (DFO) that the project would not require listing under Schedule 2
of the Metal Mining Effluent Regulations (MMER). 

    Avanti received notification on March 1, 2013 that the Associate Deputy
Minister and Executive Director of the EAO referred the proposed Project
to Ministers Lake (MOE) and Coleman (MENG) for their decision. Consistent
with section 17 of the Environmental Assessment Act, a decision must be
made within 45 days (April 15, 2013) unless the time is extended under
section 24(4). Ministers can issue an EAC, refuse to issue an EAC or
order that further assessment be carried out, in accordance with the
scope, procedures and methods specified by ministers.

    Avanti also received notification from the Regional Manager of the DFO on
March 1, 2013, that the project would not require a listing under
Schedule 2 of the MMER. This modifies a prior January 21, 2013
determination, based on additional information provided to DFO since that
time. DFO has determined the projects Tailings Impoundment Facility (TIF)
will not utilize waters frequented by fish.

    "This is a milestone day for Avanti in the advancement of the Kitsault
Mine EA and permitting requirements," said Craig J. Nelsen, President and
CEO of Avanti Mining Inc. "We have been working for over 16 months since
we submitted our EA Application with the agencies to get to the point
where it can be decided by the ministers. We are confident that we have
provided sufficient mitigation and accommodation during the EA process
that the project should receive approval at this time."

    Avanti Mining Inc. is focused on the development of the past producing
Kitsault molybdenum mine located north of Prince Rupert in British
Columbia. Mr. Mark Premo (P.Eng. MO), Chief Operating Officer for the
Company and a Qualified Person as defined in NI 43-101, has reviewed and
approved the scientific or technical information in this press release.

    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 and silver at the Kitsault property, the
results of the feasibility study, the timing of the receipt of
environmental approvals and other regulatory permits, operating cost,
capital cost, cash flow, the anticipated dates of commencement of
construction and production, production schedule, molybdenum products
meeting the specifications of the London Metals Exchange, silver
concentrate quality 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, 2010, 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.

    

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

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

Mark Premo
Chief Operating Officer
604-620-6659

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

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