Avanti Gold Clarifies Facts for Shareholders and Continues to Deliver on Its Exploration Strategy

The recently announced purchase of shares was a private transaction between existing shareholders. Avanti remains fully focused on delivering the largest exploration program in the Misisi Project's history — four rigs on site today, six by the end of July, with first 2026 assays expected imminently.

Avanti Gold Corp. (CSE: AGC) (FSE: X370) (OTCQB: AVTGF) ("Avanti" or the "Company") notes the announcements issued by Toubani Resources Limited (ASX: TRE) ("Toubani") confirming completion of its acquisition of an approximate 19.9% interest in the Company. For the benefit of shareholders, the Company wishes to confirm the nature of the transaction and to reaffirm its exploration strategy.

Consideration was satisfied by issue of Toubani shares and options. The purchase price disclosed by Toubani is C$0.65 per share (Toubani corrected and issued an update to an earlier figure in its closing announcement today and confirmed the purchase prce was C$0.65 per share). The shares were sold by certain existing Avanti shareholders in a private transaction. The transaction was between shareholders. The Company was not a party and received no proceeds.

The Company's strategy remains unchanged. Avanti has four rigs active on site now, six by the end of July — targeting the 3.11 Moz NI 43-101 Inferred Mineral Resource and the 55-km Kibara Gold Belt, with first 2026 assay results expected imminently.

The purchase announced by Toubani was a private transaction with certain existing Avanti shareholders, who elected to sell their shares. The Company was not a party to the share purchase agreements, issued no securities, and received no proceeds. Consideration was satisfied in Toubani shares and options rather than cash. For clarity, the Company notes that Toubani corrected the share price in its closing announcement earlier today; the price most recently disclosed by Toubani is C$0.65 per Avanti share.

Mohamed Cisse, Chief Executive Officer of Avanti, commented: "This was a private transaction between shareholders. Our focus is unchanged — delivering the largest exploration program in the Project's history, with four rigs on site today, six by the end of July, and our first 2026 assays expected imminently."

As announced on 15 July 2026, Avanti has doubled its active drill fleet at Misisi from two to four rigs, with six rigs expected to be operating by the end of July — the largest drilling capacity ever deployed at the Project. The 2026 program is designed to grow and upgrade the existing 3.11 Moz NI 43-101 Inferred Mineral Resource at the Akyanga Deposit while systematically testing multiple high-priority targets along the 55-kilometre Kibara Gold Belt. First 2026 assay results are expected in the coming weeks.

The Misisi Project site is located in the DRC, approximately 250 kilometres south of Bukavu and 180 kilometres north of Kalemie. The project comprises three contiguous 30-year mining leases covering 133 square kilometres along the 55-kilometre Kibara Gold Belt. The Akyanga Deposit, located centrally in the Misisi Project, hosts an NI 43-101 compliant Inferred Mineral Resource of 40.8 million tonnes averaging 2.37 g/t gold, containing 3.11 million ounces, which was based on 19,956 meters of historic drilling, including 105 diamond drillholes ("DD") totalling 19,070 meters and six reverse circulation ("RC") drillholes totalling 887 meters. The resource extends from surface to a vertical depth of 350 metres over a strike length of approximately 2,100 metres, using a $1,500/oz pit shell. The mineralisation remains open at depth and along strike.