Avante Mining Corp. reported results from its sampling program of historical core from the TL Nickel Project located 50km northwest of the Voisey's Bay Nickel mine, in Newfoundland and Labrador. The sample results included high grade values up to 1.85% Nickel (Ni) over 0.9 metres from one of the high-grade intervals with a weighted average of 1.28% Ni over 4.4 metres.

Sampling targeted 1995 and 1996 drilling with the assistance of the Provincial geologist. Avante staff laid out the historic diamond drill holes and compared the original drill logs to the core. Where a minimum of half-core existed, samples were collected through mineralized zones including shoulder samples into the regional sedimentary and mafic gneisses that host the mineralized mafic intrusive zones.

Mineralization consisted of disseminated and localized clots of pyrrhotite-chalcopyrite-pentlandite hosted in fine to medium grained gabbroic dykes. The Company has now verified the grades from these reports and has confidence that the work was done to a high standard adding a more complete image of the different zones of mineralization on the project. The PGE+Au grades are consistent with 2008 drilling conducted by Nortec Ventures Corp.

in the Long Pond and All-About-It zones which show up to 1.02% Ni, 0.51% Cu, 0.03% Co, and 0.35 g/t PGE+Au over 14 metres (see press release dated May 31, 2023). Strengthened confidence in historic assays highlights approximately 1km of explored strike length of a 2.5km long section of geophysical anomaly located within the Avante claim block including internal pockets of untested ground. C1-2 (Long Pond Area) originally reported as 0.72% Ni, 0.38% Cu, 0.02% Co, over 3.72m (Consolidated Magna Ventures Ltd. and Consolidated Viscount Resources Ltd.).

Re-sampling assays graded 0.66% Ni, 0.44% Cu, 0.02% Co over 4 metres, with individual assays grading 1.2% Copper and 1.09% Nickel. C1-4 (Long Pond Area) originally reported as 0.63% Ni, 0.35% Cu, 0.02% Co over 3.48m (Consolidated Magna Ventures Ltd. and Consolidated Viscount Resources Ltd.). Re-sampling assays graded 0.45% Ni, 0.12% Cu, 0.01% Co over 6m, with individual assays grading up to 0.77% Ni, 0.24% Cu.

C3-2 (All About It Area) originally reported as 1.15% Ni, 0.42% Cu, 0.04% Co over 5.23m (from 15m downhole) (Consolidated Magna Ventures Ltd. and Consolidated Viscount Resources Ltd.). Re-sampling assays graded 1.22% Ni, 0.33% Cu, 0.3% Co over 4.9 metres with individual assays grading up to 1.84% Copper and 1.85% Nickel. C3-2 historically reported interval of 23.7 meters was not fully resampled, however, the resampling results confirm the reported grades within the intervals that were resampled and confirms that the sampling procedures at the time were adequate and allows the verification of the reported interval grading 0.47% Ni, 0.16% Cu, 0.02% Co over 23.7 metres.

The final 2 metres of this interval from the reported section ended with 0.55% Nickel in the Company's assays of the historic core which matches well with the historically reported grades. The presence of nickel-copper-cobalt-PGE sulphide mineralization within structurally controlled mafic intrusive rock suggests a similarity to the Voisey's Bay and other sulphide-bearing mafic intrusives within the Nain Plutonic Suite. The imminent drilling program at the TL Nickel project aims to help elucidate the nature of this system, its structural controls and source of mineralization.

Project Update: The Company is also pleased to report that is has received permits for exploration and drilling and has begun to mobilize crew to the Property to begin preparations for the upcoming programs.