Avanti Mining Inc announced that, in accordance with the terms of the Convertible Bridge Loan Agreement dated October 16th 2008 as amended October 2nd 2009 between Avanti and Resource Capital Fund IV LP, Avanti has made an interest payment in the amount of USD 100,000 on the bridge loan for the period from April 1st 2010 to June 30th 2010.

According to the terms and conditions set out in the Loan Agreement, RCF has the option to receive interest payments in the form of common shares of Avanti. RCF has made a request to receive the interest payable on the bridge loan in the amount of USD 100,000 in common shares and Avanti will deliver to RCF 895,977 common shares in satisfaction of the accrued interest payable for the period from April 1st 2010 to June 30th 2010. The shares will be subject to a 4 month hold period.

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% molybdenum and containing 368 million pounds of recoverable molybdenum as outlined in the technical report dated December 15th 2009.