Avanti Helium Corp. announced that it has signed an exclusive helium marketing agreement with The Edelgas Group ("Edelgas"). The agreement between Edelgas and Avanti paves the way for the marketing and sale of Avanti's helium gas and/or liquid products.

With an extensive network and decades of experience in the industrial, specialty, and rare gases sector, Edelgas is well-positioned to effectively promote and distribute Avanti's helium offerings. Through this agreement, Avanti gains access to Edelgas' established network of end users, encompassing both short-term and long-term contracts. Leveraging their expertise, Edelgas excels in facilitating agreements tailored to meet the diverse needs of multiple end-user buyers.

Their track record of successfully managing short and long-term contracts underscores their reliability and ability to deliver value to both Avanti and its customers. As the Company is targeting production in 2024, this collaboration marks a strategic alignment, poised to unlock new opportunities, and help drive growth for Avanti. Avanti also announces that it will enter into agreements to settle amounts owing for services of approximately CAD 330,047 to certain arm's-length service providers of the Company, by issuing 1,118,085 common shares in the capital of the Company (the "Common Shares") at a deemed price of CAD 0.295 per Common Share, to the service providers.

The Board of Directors has determined that it is in the best interests of the Company to settle amounts owing by the issuance of Common Shares to preserve the Company's cash for ongoing operations. Closing of the transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange. The Company intends to close the transaction as soon as practicable.

All Common Shares issued in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.