Avion crossed the $1.00 a share threshold for the second time this week after announcing further drillresults from the north end of the Tabakoto pit, where numerous underground high grade gold bearing cross-cutting structures
have previously been identified. Results from drilling at the NW1 and NW2 zones include: 12.07 g/t Au over 12.5 metres, and
3.58 g/t Au over 8.60 metres. In addition to these results, numerous other high-grade mineralized zones in the area have been
intersected, returning 8.56 g/t Au over 7.5 metres and 67.71 g/t Au over 3.3 metres. The NW1 and NW2 zones lie along a 4-km
northerly trend that is cut by both northeast- and northwest-trending cross structures that often host high-grade gold
mineralization. These structures are the focus of the company’s Tabakoto pit area exploration program and underground mine
development. Commenting on the results, John Begeman, Avion's President and CEO, said, "It is management's opinion that
with the abundance of mineralized structures in the Tabakoto Pit area that more drilling will lead to the definition of more
resources which could extend the life of the project." Avion is in the process of placing the results in the context of the resources
being modeled for the development of Tabakoto’s underground mine workings. An updated reserve and resource estimate
should be ready by year-end. A Bay Street analyst notes these results are an example of the superb work that Avion is doing to
demonstrate the mineral potential of its concessions, and should support a revaluation of Avion’s shares. Avion is one of
Canaccord Genuity Senior Mining Analyst Eric Zaunscherb’s top picks as it still among the least expensive junior producers in
his coverage universe; trading at 0.6x on a spot, 5% P/NAV basis, whereas the average is 0.94x P/NAV.