Avanti Mining Announces Dissemination of its CEO TV Interview

Vancouver, May 5, 2010 (ots/PRNewswire) - (Due to the length of this
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Avanti Mining Inc. is pleased to announce that Craig Nelsen,
President & CEO of the Company appeared on a recent episode of
resourceINTELLIGENCE TV. Mr. Nelsen was featured on a segment of the
program called NEWSMAKERS, where he discussed the Company's progress
at its past producing, Kitsault Mine Project.

Among the subjects discussed were Avanti's successful 2009
pre-feasibility study, the valuation of the Project, potential
offtake agreements with steel producers and the Company's timeline to
bring Kitsault to production by 2013.

The Kitsault Mine Project "has a discounted net cash flow value
of $550 million today," Mr. Nelsen explained. "On an undiscounted
basis, it's worth about $1.6 billion. And if we have one year that
molybdenum returns to the values that it was between 2004 and 2008,
which is close to $30 per pound, this project will pay back all its
capital costs in less than a year."

Of particular interest to investors will be the Company's
voluntary "opt-in" application to have the Project reviewed under the
British Columbia Environmental Assessment Act ("BCEAA"). This
"opt-in" request has been accepted by the Environmental Assessment
Office (EAO), in Victoria.

Mr. Nelsen explained that the Company acted proactively with
respect to the environmental review for three reasons. "One is we
think it helps us comply with the requirements under the Nisga'a
Final Agreement... secondly, it has a legislated time-frame, of 270
days which is very important to us and thirdly the EAO has harmonised
the environmental review process with the federal government."

Avanti is focused on the development of the past producing
Kitsault molybdenum mine located north of Prince Rupert in British
Columbia. Kitsault has Proven and Probable reserves of 215 million
tonnes grading 0.085% Mo and containing 368 million pounds of
recoverable molybdenum as outlined in the Technical Report dated
December 15, 2009 which is available on the Company's website as well
as at http://www.sedar.com. Mr. Kenneth Collison, Senior Vice
President of Project Development for the Company and a Qualified
Person as defined in NI 43-101, has reviewed and approved the
scientific or technical information in this press release.

Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.

Forward-Looking Statements: This news release contains certain
forward-looking information concerning the business of Avanti Mining
Inc. (the "Corporation"). All statements, other than statements of
historical fact, included herein including, without limitation; the
closing of the acquisition pursuant to the Agreement, the details of
the cash payments and share issuances required under the Agreement,
recoverability of molybdenum at the Kitsault property and other
matters related to the development of the Kitsault molybdenum mine,
are forward-looking statements. These forward-looking statements are
based on the opinions of management at the date the statements are
made and are based on assumptions and subject to a variety of risks
and uncertainties and other factors that could cause actual events to
differ materially from those projected in forward-looking statements.
Important factors that could cause actual results to differ
materially from the Corporation's expectations include fluctuations
in commodity prices and currency exchange rates; uncertainties
relating to interpretation of drill results and the geology,
continuity and grade of mineral deposits; uncertainty of estimates of
capital and operating costs, recovery rates, production estimates and
estimated economic return; the need for cooperation of government
agencies and native groups in the exploration and development of
properties and the issuance of required permits; the need to obtain
additional financing to develop properties and uncertainty as to the
availability and terms of future financing; the possibility of delay
in exploration or development programs or in construction projects
and uncertainty of meeting anticipated program milestones;
uncertainty as to timely availability of permits and other
governmental approvals; and other risks and uncertainties disclosed
in the Corporation's Prospectus filed on February 16 2010 and Annual
Information Form for the year ended January 31, 2009, which are
available at http://www.sedar.com. The Corporation is under no
obligation to update forward-looking statements if circumstances or
management's opinions should change, except as required by applicable
securities laws. The reader is cautioned not to place undue reliance
on forward-looking statements.

For further information: please visit
http://www.avantimining.com, or contact: Craig J. Nelsen, Chief
Executive Officer, +1-303-565-5491, extension 4471, or A.J. Ali,
Chief Financial Officer, +1-303-565-5491, extension 4472; Tom
Corcoran, Manager, Investor Relations, tcorcoran@avantimining.com or
+1-877-249-0640

ots Originaltext: Avanti Mining Inc
Im Internet recherchierbar: http://www.presseportal.de

Contact:
CONTACT: For further information: please
visithttp://www.avantimining.com, orcontact: Craig J. Nelsen, Chief
Executive Officer, +1-303-565-5491,extension4471, or A.J. Ali, Chief
Financial Officer, +1-303-565-5491, extension4472;Tom Corcoran,
Manager, Investor Relations, tcorcoran@avantimining.com
or+1-877-249-0640