ANNUAL GENERAL MEETING 2025
All matters submitted to shareholders, as set out in the Management Information Circular dated November 9, 2025, were duly approved.
The shareholders elected Sir Samuel Jonah, Mata Botima, Jonathan Hill, Terry Holohan, Martin Pawlitschek and David Renner as directors of the company. After the meeting, the Council appointed Sir Samuel Jonah as chairman.
APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Mohamed Cisse, appointed acting Chief Executive Officer of Avanti effective December 18, 2025. Mohamed Cisse is a seasoned African mining manager and engineer with extensive experience in mine development and operations, technical services and HSE management, with significant experience in the DRC, having held leadership positions at the Kibali mine at Randgold Resources before moving to Resolute Mining, where he most recently held the position of General Manager of the Syama mine. He was appointed Chief Operating Officer of Avanti on September 30, 2025 and will continue in that role while also now serving as acting Chief Executive Officer of Avanti.
Mohamed Cisse commented: “I am pleased to take the helm of Avanti Gold at this exciting time, as the company looks to launch an ambitious exploration program for the Misisi Gold Project, scheduled for the first quarter of 2026. Having recently completed a field visit in the country, we were pleased to see the strong support from local and national government in advancing this project for the benefit of all stakeholders. We have had constructive discussions with a diverse group of suppliers and are currently evaluating tenders and securing supply chains to rapidly execute our drilling program.”
Swapan Kakumanu, who has served as interim Chief Executive Officer since August 2025, has resigned from his position effective December 18, 2025 and will continue in his role as Chief Financial Officer. Sir Samuel Jonah, Chairman of the Board of Directors, on his own behalf and on behalf of the Board of Directors, expressed his sincere thanks and sincere appreciation to Swapan for his dedication, leadership and continued commitment during a particularly important period for Avanti. Sir Samuel noted that Swapan’s steady stewardship, collaborative spirit and thoughtful leadership have been instrumental in guiding the company through this transition, including the successful completion of the LIFE financing in October 2025.
Although initially expected to take on the role of Chief Executive Officer, Martin Pawlitschek has chosen to remain on Avanti’s Board of Directors as an independent director and continue to provide full support to the appointed management team.
ABOUT Avanti Gold CORP
Avanti Gold Corp. is a gold exploration company with a robust portfolio of projects in Africa. The company’s flagship project is the Misisi project in the Democratic Republic of Congo (DRC), home to the Akyanga gold deposit. The Akyanga deposit has an inferred mineral resource of 44.3 million tonnes (Mt) with an average gold grade of 2.37 grams per tonne (g/t), equivalent to 3.1 million ounces (Moz) of gold. The Misisi project includes three contiguous 30-year mining leases covering 133 square kilometers (km²) along the 55-kilometer Kibara Gold Belt, a prominent metallogenic province known for its significant gold deposits.
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FORWARD-LOOKING STATEMENTS
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
This press release may contain certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “goal,” “plan,” “predict,” “may,” “plans” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company’s current views with respect to future events and are necessarily based on a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, unforeseen events and risks. Uncertainties These risks and uncertainties include, but are not limited to, the risk factors set forth in Avanti’s annual and/or quarterly management discussion and analysis and in other public disclosure documents filed on SEDAR+. www.sedarplus.caas well as any assumptions regarding the foregoing. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company does not intend, and assumes no obligation, to update these forward-looking statements or information to reflect any change in assumptions or changes in circumstances or other events affecting such statements and information, other than as required by applicable laws, rules and regulations.
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