Avanti Extends LOI Dates with Strategic Partners

Avanti Mining (OTC Other: AVNMF; TSX-V: AVT) has extended the previously announced LOI with a major Asian Steel producer to July 31, 2011 in order to permit the Asian Steel producer to complete due diligence.  The LOI with SeAH Holdings Corp of Korea has been extended by 30 days to May 25, 2011 as negotiations continue.

In a project the size of Kitsault, there is a lot of information to absorb and due diligence can be quite significant.  These extensions simply reflect the amount of work being completed in anticipation of a strategic partnership and in the end, we expect it all to be worthwhile.

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