AVANTI MINING INC.

ANNUAL GENERAL MEETING

May 28, 2014

This presentation 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 availability, timing and structure of financing for the Corporations’ working capital and for construction of the project; the

estimated project timeline including anticipated dates for receipt of permits and approvals, construction, start-up and production, and other milestones; anticipated mine design or

life of mine; anticipated results of the enterprise optimization plan and other analyses; resource and reserve estimates; the terms and timing of any off take arrangements;

estimated timing and amounts of future expenditures, and the Corporation’s future production, operating and capital costs, internal rate of return, tax rates, anticipated timing to pay

back capital investments, operating or financial performance, potential taxes to be paid and potential jobs created 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

financing to construct a mine 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 Annual Information Form dated May 29, [2014], which is available at 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 viewer is cautioned not to place

undue reliance on forward-looking statements.

This presentation may also contain future-oriented financial information (“FOFI”) and information which could be considered to be in the nature of a “financial outlook”. Such FOFI

or financial outlook was approved by Management as of the date of presentation for the purpose of providing Management’s reasonable estimate of what return investors might

expect to earn based on the assumptions set forth in such estimates and the information may not be appropriate for other purposes. Management cautions that such FOFI or

financial outlook reflects the Corporation’s current beliefs and are based on information currently available to the Corporation and on assumptions the Corporation believes are

reasonable. Actual results and developments may differ materially from results and developments discussed in the FOFI or financial outlook as they are subject to a number of

significant risks and uncertainties. Certain of these risks and uncertainties are beyond the Corporation’s control. Consequently, all of the FOFI or financial outlook are qualified by

these cautionary statements, and there can be no assurances

This presentation uses the terms “proven and probable reserves”, “measured resources”, “indicated resources” and “inferred resources”. The Company advises readers that

although these terms are recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”)), the

United States Securities and Exchange Commission does not recognize resources. Readers are cautioned not to assume that any part or all of the mineral deposits in these

categories will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It

cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources

may not form the basis of feasibility or pre-feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to

assume that part or all of an inferred resource exists, or is economically or legally mineable.

THIS PRESENTATION IS NOT AN OFFER TO PURCHASE SECURITIES AND DOES NOT CONSTITUTE AN OFFERING DOCUMENT UNDER SECURITIES LEGISLATION.

ANY UNAUTHORIZED DISSEMINATION OR USE OF THIS PRESENTATION IS STRICTLY PROHIBITED.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

2013 and Recent Highlights

• Kitsault Project – EA Certificate from BC Minister of Environment

• Financing – Arranged US$50-million pre-development loan facility

from Resource Capital Fund VI L.P.

• Updated NI 43-101 Technical Report with reflects reduced capital

after optimization plan

• Entered into offtake arrangements for 50% of Mo production with

Thyssen Krupp.

• Entered into offtake arrangements for up to 20% of Mo production

with SeAH.

• Management Changes – CEO, COO, CFO

3

New Management Team

4

•Corporate Director

• Investment Banker

•Geophysicist and Professional Engineer

•33 years' experience of combined surface and underground operating experience

•Previously with Walter Canadian Coal and 30 years with Chevron Mining.

•Professional Engineer

Jeff Lowe COO

•Chartered Accountant

•Former Chief Financial Officer of Uranium One Inc..

•B.Comm (Accounting) Honours and Honours Diploma (Tax) University of Johannesburg.

Graham du Preez CFO

•Registered Professional Biologist in British Columbia

•15 years experience in environmental assessment

•Current VP Environment and Permitting Copper Fox Metals Inc.

Shane Uren VP Environ & Permitting

Finn Conradsen Operations Site Manager

•25 years experience operations management in petroleum, hydro electric energy and mining

sectors

•20 year collaboration experience with First Nations in Northwest BC

Board of Directors

5

Robert Francis Gordon J Bogden Mark A Smith

Corporate Director,

Investment Banker,

Geophysicist

Previously with

Standard Chartered,

Gryphon Partners,

National Bank,

Rothschilds, CIBC

Director of Royal

Gold, Orvana

Minerals

Retired Chartered

Accountant

Previously Senior

Audit Partner with

Deloitte

Director of EMED

Public Mining,

Forbes Manhattan

Coal

Chairman of Avanti

Presently CEO and

Director of NioCorp

Previously CEO of

Molycorp Minerals

and President of

Chevron Mining Inc

and Unocal with

long association to

the Questa Mo mine

Peter Roberts

Director of Canadian

Public Accounting

Board (CPAB)

Director of Cardiome

Pharma Corp.

Formerly CFO Sierra

Wireless

Jasper Bertisen

Principal, Resource

Capital Fund

Director of AQM

Copper Inc. and

EMED Mining Public

Inc.

Market Dynamics

• Longer-term demand for stainless and construction steels expected

to increase in 2016

• Fuelled by pipeline growth and LNG plant construction in Canada,

North America and globally

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Market Dynamics -- Price

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Annual Forecast

2014p $11.60

2015p $11.35

2016p $11.85

2017p $12.30

2018p $13.00

2019p $14.65

2020p $15.65

2021p $16.75

2022p $17.50

Long-term Price $14.00 -

$15.00

Average (2014p–2018p) $12.02

Average (2019p–2022p) $16.14

Average (2014p–2022p) $13.85

Moly oxide Daily Dealer Wk Aug (US$/lb) Molybdenum Price Projections (US$)

Source: CPM Group (July 2013 Forecast) Source: Platts Market Centre 27 May 2014

One of the top five primary moly development

assets in the world

Kitsault Highlights

8

High-Grade

Resource

Existing

Infrastructure Past Producer

Advanced

Discussions with

Local Communities

Construction

Permits

Imminent

BC Environmental

Certificate granted

March 19, 2013

Location of Kitsault Mine

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Mineral Claims and Leases

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X Hoan North

X Hoan South

X Nimble

Kitsault Mine – Current view

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Kitsault Land Map

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Kitsault Reserves

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Notes to Accompany Kitsault Project Mineral Reserves Table:

1. Mineral Reserves are defined within a mine plan, with pit phase designs guided by LG pit shells, and reported at a 0.032% Mo cut-off grade, after dilution and mining loss adjustments. The LG shell generation was performed on Measured and Indicated Mineral

Resources only, using a molybdenum price of $13.44 per pound, an average mining cost of $1.81 per tonne mined, a combined ore-

based cost of $6.80 per tonne milled, and a selling cost of $1.18 per pound of molybdenum sold. Metallurgical recovery used was a function of the rock type, head grade and grinding strategy for a weighted average of 86.6%. Revenue from silver was not included in

the LG shell generation. Overall pit slopes varied from 42 to 48 degrees.

2. Dilution has been accounted for based on a contact dilution approach assuming a dilution band of one metre around the contact edges. A total of 2.5 Mt of Measured and Indicated Mineral Resources above cut-off was routed as waste. 1.3 Mt of Measured and Indicated

material below cut-off has been included as dilution material. The grade of the diluting material was the grade of those blocks. An

additional 0.3 Mt of Inferred dilution material with grades set to zero is included in the mine plan as mill feed. 3. After the implementation of an elevated cut-off strategy, a total 10.6 Mt of Measured and Indicated material above the marginal cut-

off of 0.028% Mo and below the elevated cut-off of 0.032% Mo was discarded from the plant feed and routed as waste.

4. The life-of-mine strip ratio is 0.99:1.

5. Tonnages are rounded to the nearest 100,000 tonnes; grades are rounded to three decimal places for molybdenum and one decimal

place for silver. Cost estimates are in Canadian dollars.

6. Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade and contained

metal content.

Classification Tonnage Mo Mo Pb Ag Ag

(Mt) % (Mlb) (ppm) (ppm) (Moz)

Proven 129.5 0.092 263.6 252 5.2 21.5

Probable 101.6 0.070 156.7 264 5.4 17.7

Total Proven and Probable 231.1 0.082 420.3 257 39.2 5.3

Kitsault Deposit 43-101 Compliant Mineral Reserves -- March 14, 2014

Kitsault Resources

Kitsault Deposit 43-101 Compliant Resources* – April 17, 2012

Roundy Creek and Bell Moly 43-101 Compliant Resources* -- May 1, 2012

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Category Tonnage Mo Mo Pb Ag Ag

(Mt) % (Mlb) (ppm) (ppm) (Moz)

Measured 142.7 0.087 272.6 243 5.0 22.8

Indicated 179.1 0.059 233 231 4.3 26.7

Measured + Indicated 321.8 0.071 505.5 236 4.8 49.5

Inferred 317.6 0.041 286.3 237 4.6 47.3

Roundy Creek - Sunshine and Sunlight Area Tonnage Mo Mo

Category (Mt) % (Mlb) Indicated 1.94 0.109 4.7

Inferred 0.33 0.079 0.6

Roundy Creek - Roundy Area Tonnage Mo Mo

Category (Mt) % (Mlb) Inferred 4.32 0.073 7.0

Bell Moly Tonnage Mo Mo

Category (Mt) % (Mlb)

Inferred 109.7 0.048 115.8

*Mineral resources are inclusive of mineral reserves. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the relative

accuracy of the estimates. The cut-off grades are based on metal price assumptions of CND$17.39/lb of molybdenum, and a metallurgical recovery of eighty-nine percent of molybdenum. Silver was not

used in the pit optimization. The resource estimate was prepared under the supervision of David G. Thomas, P.Geo, an independent Qualified Person (QP), as this term is defined in NI 43-101.

**Reported as a cut-off grade of 0.018% Mo (Kitsault), 0.020% Mo (Bell Moly) and 0.022% Mo (Roundy Creek) contained within a potentially economically mineable open pit. Cost for this pit included

Process cost of CND$5.84/t and selling cost of CND$1.24/lb

Feasibility Study Update – September 2013

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High-grade

mine with 14

year life

231 million tonnes of 2P Reserves

Grading 0.082% Mo and 5.3 g/t Ag

(First five years averages 0.103% Mo)

Annual Production :

23.4 m lbs (11,570t)/yr Mo and 14.5m oz/yr Ag

First five years average 29.6 m lb (13,420t)/yr

Averaging 45,000 tpd

Metallurgical Recovery average 90% Mo and 39% Ag

Capital Cost Summary

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Description Cost ($Cm)

Mining 119.3

Site preparation and roads 26.8

Process facilities 230.0

Tailings management and reclaim 81.3

Utilities 36.1

Ancillary buildings and facilities 33.9

Owner’s costs 32.2

Indirects 150.3

Total Directs + Indirect Costs 709.9

Contingency 108.1

Total Capital Costs $818.0

Environmental Bond 34.0

Working Capital 39.7

LOM Operating Costs

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Area Total LOM

($000)

$/t Milled $/lb Mo

Produced

Mine Operations 995,617 4.31 2.68

Processing

Operations

1,246,224 5.39 3.35

Administration 280,023 1.21 0.75

Total $2,521,864 $10.91 $6.78

Feasibility Study Financial Results

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Moly Price

(US$lb)

NPV @

8%

($M)

IRR

%

Payback

(Years)

11.00 10 0.0% 6.4

12.00 143 11.6% 5.3

14.50 458 19.4% 3.7

15.00 520 20.8% 3.4

18.00 889 28.6% 2.5

Pre-construction Activities

• Overall engineering and procurement was 8% complete at end of

April 2014

• Progress to date:

• General layout of facilities, buildings and equipment substantially

completed

• Trade-off studies (camp sizing, road routines, material handling, bulk

explosive storage and location of low-grade stock pile, amongst others

• Design of process flow and instrumentation control are progressing

• Commenced detailed design of tailings management

• Commenced major equipment procurement bid solicitation

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Community Relations

• First Nations

• Letter of Understanding with the Gitanyow Hereditary Chiefs

• Memorandum of Understanding with the Wilp Luuxhon

• In discussions on possible agreement with Metlakatla

• In discussions on possible agreement with Nisga’a

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Permitting

• Received BC environmental assessment certificate in March 2013

• April 2014 CEAA initiated 20-day consultation process

• Following public review period, Federal Minister of Environment will

make a decision on the Kitsault Project

• Completion of review process by Mine Review Committee for key

construction permits expected in June 2014

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Kitsault Financing Strategy

1. Project Debt

• UniCredit, KfW, Korea Development Bank, EDC, Caterpillar mandated

2. Offtake support

• Thyssen Krupp for 50% of Mo

• SeAH for up to 20% of Mo

3. PE Equity

• Resource Capital Funds

• Others PE Funds

4. Possible Silver Streaming

5. Possible Strategic Investor

6. Common Share Issue to current and new institutional and retail shareholders

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23

2011 2012 2013 2014

Estimated Project Timeline

2017

Env Baseline Data

23

Began in 2008

data back to 1980

2015

Feasibility Study

Start-Up/Operations

Basic – Detail Eng

Financing

EA Process

Construction

Permitting

Value Proposition

• $460-million after-tax NPV

• Fully-financed by EOY 2014

• Construction risk?

• Operation risk?

• $150 to $200-million

• Significant re-valuation

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Focus for 2014

• Obtaining approvals and permits

• Negotiating benefits agreement with First Nations

• Concluding a project agreement with lenders

• Executing the an equity funding process

• Commencing pre-construction

• Strengthening management team

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www.avantimining.com

TSX-V: AVT