Disclaimer

This presentation has been prepared as of January 2021 (the “Presentation”) for information purposes only and does not constitute an offer or solicitation to sell shares or securities in Avanti Energy Inc or Terrelium Resources Crop. (“Terrelium Resources Avanti Energy” or the “Companies”) or any affiliated or associated company. This presentation does not purport to contain all of the information about the business of the Companies. None of the information or analyses presented are intended to form the basis for any investment decision, and no specific recommendations are intended. Accordingly, this Presentation does not constitute investment advice or counsel or solicitation for investment in any security. This Presentation does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation or offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. The Company expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained herein, (ii) any error, omission or inaccuracy in any such information and (iii) any action resulting therefrom. Currency references are to Canadian Dollars (CAD $) unless otherwise indicated.

Certain information set forth in this Presentation contains “forward-looking information” and “forward-looking statements” under applicable securities laws. Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) completion of, and the use of proceeds from the sale of shares being offered hereunder; (ii) the expected development of the Companies’ business, projects and joint ventures, including the estimated timelines for achieving milestones in connection therewith; (iii) execution of the Companies’ vision and growth strategy, including with respect to various jurisdictions in Canada and the United States; (iv) sources and availability of financing; and (v) identification of potential commercial and distribution partners. Forward-looking statements are provided to allow potential investors the opportunity to understand management’s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.

These forward-looking statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risk and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Many of these risks are outside of the Companies’ control and include, without limitation, risks associated with access to capital, reliance on key and qualified personnel, risks related to competition in the beverage and alcoholic beverage markets, risks relating to the inherent uncertainties and challenges present in forecasting market and industry outlooks, regulatory risks and uncertainties, risk relating to the ability of the Company to enter new markets in a timely manner.

The information contained in this Presentation is submitted to the parties on a confidential basis, and is for discussion purposes only and for the exclusive use of those persons to whom it is transmitted by the Companies, its directors, officer, and agents, and it is not to be reproduced or used, in whole or in part, for any other purpose whatsoever without the express prior written permission of the Companies. No securities commission or similar regulatory authority has reviewed this Presentation. Although forward looking statements contained in this Presentation are based upon what management of the Companies believes are reasonable assumptions, there can be no assurance that forward-looking statements will provide to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements contained in the Presentation are made using assumptions applicable as of the date of this presentation, and the Companies undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
2
We’re going to be looking back and thinking, I can’t believe people just used to fill up their balloons with it, when it’s so precious and unique
Peter Wothers – Cambridge University
– Chemist –
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
4
Why Helium
As a noble gas Helium is not combustible and has properties that make it irreplaceable for industrial applications like fibre optic cables, data centres, semiconductor manufacturing, medicine / MRI machines, cooling & cryogenics. Helium is the second most abundant element in the universe but extremely rare on earth. Avanti is focused on developing large scale projects to extract Helium deposit trapped within the earth.

100 times more valuable than Natural gas Natural Gas $2 per Mcf Helium $200-$400 per Mcf

Global shortage, it’s estimated the supply will not keep up with the demand for the next 20 years

Canada has large reserves in the world. A handful of producers are extracting helium in Saskatchewan

Industry demand CAGR of 11% each year through 2037

Fastest Growing Uses

Medical Industry

Helium is mandatory for MRI machines which require 800 litres of Helium. Heliox mixtures in respiratory treatments.

Cryogenics

Helium is the only element that can come close to reaching absolute zero.

WWW

High Speed Internet, fibre optic cables must be manufactured in a pure helium environment

Electronics

Electronics & Semiconductors require helium to be used at different stages in the production process.

Electronics

Electronics & Semiconductors require helium to be used at different stages in the production process.

Electronics

Electronics & Semiconductors require helium to be used at different stages in the production process.

Electronics

Electronics & Semiconductors require helium to be used at different stages in the production process.

Fueling the High Tech Future

The Reactor Of The Future

Superconducting coils are cooled with helium They are used everywhere strong magnetic fields are needed.

Wendelstein 7-X, the world's largest stellarator device which is used to evaluate the main components of a fusion power plant, uses helium for cooling.

Helium Cooling Particle Accelerators

At the European Organization for Nuclear Research (CERN), liquid helium also plays a central role.

It is cooling the superconducting magnets that keep particles on their track. CERN operates the biggest "refrigerator" in the world.

World’s Largest Dilution Refrigerator

Quantum computing relies on incredibly low temperatures.

Goldeneye is IBM's internal codename for the world's largest dilution refrigerator, which will house a future 1,000,000 qubit quantum processor. 

Fibre Optic Cable Manufacturing

After fiber-optic glass is drawn into fine strands, it is shielded with helium while the cladding is applied to prevent the newly formed glass surface from reacting with the contaminants present in ambient air.

Helium can also be used during the bubbling process for molten glass to improve refining since it has the fastest bubble rise time of any gas.

Where is Helium Found?

Helium is found by drilling wells, similar to natural gas. It is formed from radioactive decay of heavy elements like Uranium and Thorium

Helium can be trapped deep under hard nonporous rock where it cannot escape. Gravity can’t trap helium from escaping the atmosphere

Our focus is on helium-bearing non-hydrocarbon sources in Western Canada and Montana

Once helium is found it is purified by Cryogenic, Membrane or Pressure Swing Adsorption processes that can produce ultra-pure helium

OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
7
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
8
U.S. Helium Production
The US is the world’s largest producer, accounting for roughly 40% of supply. However, the US National Helium Reserve in Amarillo, Texas, the world’s single largest source of helium for the past 70 years, is now exhausted. Where will the replacement helium come from?
Helium Stewardship Act Expires Sept 2021 requiring the BLM to auction off all remaining Helium Reserves. BLM’s exit from the market will eliminate the current price ceiling.
Canada is estimated to have the 5th largest Helium reserves in the world, and they are virtually untapped.
Historical Pricing
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
9
“In a world full of game players, the only way to set yourself apart is to be a game changer”
Matshona Dhliwayo
Management Team

CHRIS BAKKER MBA

MBA, CEO

Chris Bakker has over two decades of experience in oil and gas, most recently working as a commercial negotiator with Encana/Ovintiv for major facilities and pipelines in the Montney gas play. His expertise includes all facets of Natural Gas Exploration like land acquisition, exploration, drilling, well production and facility integration and construction. Chris also has start-up experience taking a tech gaming company from conception to market as well as acting as an advisor for start-ups. Prior to Avanti, Mr. Bakker co-founded Terrelium Resources as a pure-play helium company.

Genga Nadaraju

VP – Subsurface

Genga Nadaraju holds over two decades of diverse professional experience in the oil and gas industry that includes asset exploitation, strategic planning, investor relations, and technical innovation. Most recently, she was the lead technical advisor for the Montney gas field and has extensive experience in natural gas Geology, Geophysics & Reservoir Characterization. Nadaraju brings strong project management and organizational skills with the ability to interact effectively with all stakeholders within the organization, both internally and externally.

Rob Gamely

President

Rob Gamley’s career spans over a decade in corporate finance and consulting, providing corporate strategy and communications services to public companies across a broad range of industries including biotech, oil and gas and natural resource exploration and development. He has been a board member of several TSXV-listed companies and brings extensive capital markets experience and a considerable network of both retail and institutional contacts. Gamley graduated in 1998 with a Bachelor of Science from the University of British Columbia.

Ali Esmail

P.ENG, VP - Engineering

Ali Esmail has spent the past 13 years specializing in reservoir engineering including reserves evaluation, oil and gas development economics, production analysis and petroleum data analytics. His broader experience includes working in upstream and midstream oil and gas with Shell, Husky, and SemCAMS. Esmail provides a diverse perspective with 11 years of operations and process engineering experience at Dow Chemical and Nexen. He has also been recognized by the SPE and CSChE for his contributions in facilitating research between academia and industry.

Dr. Jim Wood

PHD, Director - Geoscience

James Wood has over 30 years of experience as a geologist who specializes in reservoir characterization. His Geoscience and Petroleum Engineering research focus is on developing practical applications for enhanced evaluation and economic development of gas and liquid hydrocarbons in conventional and unconventional resource plays. Wood specializes in applied research in Geosciences and Petroleum Engineering; his research has received over 100 publications and has been cited over 1,300 times.

Chad Lerner

Director – Land & Business Development

Chad Lerner has over 23 years of experience in many aspects of energy exploration. He has extensive experience in commercial agreements, joint ventures, business development and land acquisition strategy. His experience has focused on junior and emerging energy companies having been involved in both private and public energy entities. Lerner is a graduate (1998) of the University of Calgary, holding a Bachelor of Commerce Degree with a major in Petroleum Land Management.

Carter Chalmers

VP – Corporate Development

Carter Chalmers is a senior business leader with over a decade of experience in business development and corporate development, include marketing and investor relations across a wide range of mediums from mining, technology and oil and gas data solutions. He is experienced in all aspects of corporate development and investor relations for multiple start-ups and TSXV and CSE-listed companies. Prior to Avanti, Chalmers co-founded Terreliumresources as a pure-play helium company.

Kevin Morisette

P.GEO, Senior Geologist

A professional geologist with over 15 years of diverse exploration, development, and operational experience across the Western Canadian Sedimentary Basin. Prior to joining Avanti Energy, Kevin was previously with Penn West Exploration and Gain Energy.

Kevin received his Bachelor of Science Degree from the University of Calgary and is a member in good standing of APEGA, CSPG and the CSEG.

Richard Balon

B.S.C, P. Geoph, Senior Geophysicist

Richard Balonhas over 30 years of experience in the Western Canadian Sedimentary Basin. He is a technically focused geophysicist with a proven track record working extensive analysis of 2D and 3D seismic data across some of the largest oil and gas fields in Canada. Balon holds a B.Sc. Geophysics from the University of Manitoba and is a member of APEGA (P.Geoph.), SEG, CSEG, CSPG.

Morgan Keane

Geologist in Training

Ms. Keane has over 4 years of relevant experience as a Geologist in Training in the energy industry where she has developed diverse skills working in a wide variety of environments including US Basins, unconventional plays, conventional plays, oil sands and offshore exploration. She has been involved with a handful of oil and gas companies, most recently working at CNOOC Int. (formally Nexen). Ms. Keane is a University of Calgary graduate (2017) with a Bachelor of Science with a major in Geology, minor in Geophysics and a petroleum concentration.

Avanti Energy is Focused on the Exploration, Development and Production of Helium Across Western Canada and the United States
To date Avanti has completed the acquisition of several helium prospective assets within the Greater Knappen area. Avanti continues to evaluate and identify additional helium prospects in western Canada and the United States
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
13
Our Process
Greater Knappen
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
15
Opportunity Highlight

~69k

Acres of Helium Prospective Land

100%

Operatorship

~1-2%

Helium Content

Stacked Pay

Helium Target Zones

Land Acquisition

  • Strategic and targeted approach in Alberta and Montana
  • Focused in high-graded area for helium exploration.

Geology and Helium Potential

  • Multiple target zones in the Cambrian and Devonian
  • Nitrogen rich and potential economic concentration of Helium
  • Geological structure to trap the Helium

Infrastructure

  • Existing oil & gas road and wellsite infrastructure
  • Available off-gas disposal pipelines
  • Available power for Helium purification

Technical Team

  • Veteran team with exploration and development experience in both the conventional and unconventional plays
  • Rapid staged approach to evaluating the opportunities.
  • Extensive risk assessment evaluation on all opportunities
  • Continue to look at additional opportunities to diversify Avanti’s portfolio of assets

Project Timeline 2021-22
Greater Knappen Prospect Areas
GREATER KNAPPEN CONSISTS OF SEVERAL DEVELOPMENT AREAS
Alberta Crown acquisition
Montana private owner acquisition
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
17
Greater Knappen Geology Highlight

Structure & Seal

Helium Trapped

depositional model

Stacked Reservoir

Helium Target Zone

devonian / cambrian stratigraphy

1-2% / up to 98%

Helium / Nitrogen Content

Gas Data

Proven Production

Helium Production

daily production
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
19
Helium Generation and Trapping Model
  1. Helium is generated by the decay of uranium and thorium in the basement rocks
  2. Once released from the source rock, helium can interact with formation water
  3. Formation water carries the dissolved gases as it ascends
  4. When the water contacts a pre-existing gas cap (containing methane or carbon dioxide), Helium partitions out into the gas cap.
  5. Helium concentration varies going up the stratigraphic rock column
Modified from On The Hunt for Helium, Physics World (2017)
Greater Knappen Resource and Development Potentia
OTC: ARGYF
TSX: AVN
Avanti Energy – Investor Presentation
20
Avanti Share Capital
THANK YOU!
TSXV: AVN | OTC: ARGYF

AVANTI ENERGY

Investor Relations

100, 750 11 Street SW
Calgary, AB, T2P 3N7
403-384-0409
investors@avantienergy.com