AVANTI ENERGY INC. CLOSES ACQUISITION OF AVANTI EXPLORATION SA, LLC AND AVANTI OIL, LLC TRANSACTIONS AND ANNOUNCES CORPORATE UPDATES

Friday May 31, 2013

NEWS RELEASE
AVANTI ENERTY INC. CLOSES ACQUISITION OF AVANTI EXPLORATION SA, LLC AND AVANTI OIL, LLC TRANSACTIONS AND ANNOUNCES CORPORATE UPDATES
Avanti Energy Inc. (TSX-V: AVN) (“Avanti” or the “Company”) is pleased to announce today the closing of Avanti’s previously announced acquisitions (the “Transactions”) of Avanti Exploration SA LLC (“Avanti SA”) and Avanti Oil, LLC (“Avanti Oil) pursuant to which the Company has acquired all of the issued and outstanding interests in Avanti SA and Avanti Oil.
In conjunction with the close of the Transactions:
1. The Company changed its name from Overlord Capital Ltd. to Avanti Energy Inc. and commenced trading on May 16, 2013 under the new trading symbol “AVN”;
2. The Company has issued 10,500,000 common shares to the members, or their assignees, of Avanti SA and Avanti Oil. 9,450,000 of these shares are escrowed pursuant to the polices of the TSX Venture Exchange; and
3. The Company is pleased to announce the following changes to its management effective May 31, 2013:
• John F. McIntyre has been appointed CEO, President and a director;
• James “Bud” Knell has been appointed a director;
• Karl Kottmeier has been appointed a director;
• Mark Frascogna has been appointed Vice-President, Commercial Affairs
• Tim Berge has been appointed Vice-President, Exploration and Development;
• Doug Ford has been appointed CFO;
• Brent Lokash has resigned as CEO and President and remains as Secretary;
• Kirk Gamley has resigned as a director and CFO and has been appointed Vice-President, Corporate Development;

• Dave Leishman has resigned as a director;

In connection with these management changes, the Company’s board of directors will, effective May 31, 2013, be as follows:
John F. McIntyre
James “Bud” Knell (Member, Audit and Corporate Governance Committee)
Karl Kottmeier
Brent Lokash (Chairman, Audit and Corporate Governance Committee)
Rob Gamley (Member, Audit and Corporate Governance Committee)
The Company also announces the exercise of 1,990,000 warrants at $0.12 per share for proceeds of $238,000. In connection with the exercise of these warrants, the Company will issue 1,990,000 common shares to the warrant holders.
ON BEHALF OF THE BOARD OF DIRECTORS
AVANTI ENERGY INC.
“Brent Lokash”
President, CEO and Director
For further information, please contact:
Brent Lokash
Tel: 604.862.5190
Email: blokash@gmail.com
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 news release.


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