Avanti Mining Inc. (CNQ: AVMI) ("Avanti") is pleased to announce a Canadian Institute of Mining, Metallurgy and Petroleum (CIM) compliant resource estimate for the Kitsault Molybdenum Mine, located in British Columbia. At a 0.04% Mo cut-off grade, this estimate contains an Indicated Mineral Resource of 158 million tonnes grading 0.10% Mo, containing 348 million pounds of molybdenum, and an additional Inferred Mineral Resource of 133 million tonnes grading 0.08% Mo, containing 235 million pounds of molybdenum. This resource estimate is the subject of a National Instrument 43-101 (NI 43-101) Technical Report dated August 5, 2008 and titled Technical Report Kitsault Molybdenum Property, British Columbia, Canada, which has been filed on SEDAR (www.sedar.com).

THE KITSAULT MINE

Avanti has signed a definitive purchase agreement to acquire an undivided, 100% direct interest in the Kitsault molybdenum mine and surrounding mineral tenures from Aluminerie Lauralco, Inc. ("ALI"), a wholly owned subsidiary of Alcoa, Inc. This acquisition is subject to due diligence, regulatory approval, and other customary conditions with a closing expected to occur no later than mid-October 2008. The mine, located within a few kilometers of tidewater on Alice Arm in the Skeena Mining Division of British Columbia, was a producer of molybdenum between 1967 and 1972, processing a total of 9.3 million tonnes of ore grading 0.11% Mo. From 1981 to 1982, under the ownership of Amax, Inc., 4.0 million tonnes of stockpiled and newly mined ore were milled, grading 0.08% Mo. Total production on the property during both periods was approximately 30 million pounds of molybdenum. Kitsault has developed road access to the mine site and is serviced by the BC Hydro transmission grid. The mine ceased operations in 1982 due to low molybdenum prices, but considerable historical reserves remained in place.

RESOURCE ESTIMATE

The resource estimate was created utilizing drill hole sample assay results generated during three major periods of drilling by Kennco Explorations (Western) Ltd., Climax Molybdenum Corporation of British Columbia Ltd., and Amax of Canada Ltd. The majority of drilling occurred prior to mine production in the late 1960's, from 1974 to 1978, and again in 1981 to 1982. There are a total of 139 drill holes in the Kitsault database, with a cumulative length of 27,651 metres. Individual holes range in length from 3m to 763m in length and average 199m in length. Drill hole spacing averages approximately 60m throughout most of the deposit area.

The Indicated and Inferred Resource categories were limited by an optimized pit shell using a molybdenum price of $20/lb; a metallurgical recovery of 89%; unit mining cost and combined processing and G&A costs of US$2.00 and US$9.50, respectively; and slope angles of 40 degrees in all areas. The mineral resources are reported at a cut-off grade to reflect the "reasonable prospects" for economic extraction. SRK Consulting (U.S.), Inc.