Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF)("Avalon" or the "Company") is pleased to announce that it has completed a non-brokered private placement consisting of 11,470,624 flow-through units at a price of $0.17 per unit for gross proceeds of $1,950,000.

Each flow-through unit was comprised of one flow-through common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one non-flow-through common share of the Company at a price of $0.25 for a period of 24 months from closing.

In conjunction with this private placement, Avalon paid finder's fees of $117,000, half of which was settled with 487,501 common shares of the Company at a deemed price of $0.12 per share. Pursuant to Canadian securities laws, the securities issuable under this private placement are subject to a hold period which expires four months and one day from closing.

The proceeds from this private placement will be used to fund a winter drilling program on the Company's Separation Rapids Lithium Project. Commented Avalon's President & CEO, Don Bubar, "There has been very little drilling done on the main lithium pegmatite resource known as the Big Whopper, since the original drilling program was done in 1997-98, but it is open for expansion below a depth of 250 metres. The winter drilling program will focus on deeper drilling to assess the ultimate full size potential for the Big Whopper resource. Drilling is also planned for the new Snowbank pegmatite discovery once the necessary permit has been secured."

About Avalon Advanced Materials Inc.

Avalon Advanced Materials Inc. is a Canadian mineral development company specializing in sustainably-produced materials for clean technology. The Company now has four advanced stage projects, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, cesium and zirconium. Avalon is currently focusing on developing its Separation Rapids Lithium Project near Kenora, Ontario while continuing to advance other projects, including its 100%-owned Lilypad Cesium-Tantalum-Lithium Project located near Fort Hope, Ontario. Social responsibility and environmental stewardship are corporate cornerstones.

For questions and feedback, please e-mail Avalon President and CEO, Donald Bubar, at [email protected].