Since receiving the continued listing standards notice from the NYSE MKT, Avalon has received a number of questions from shareholders about its options with respect to its US listing.

Avalon’s continued listing on the NYSE MKT is contingent upon it effecting a share consolidation within a reasonable period of time or upon a sustained increase in its share price. Avalon is currently reviewing all of its alternatives for maintaining a US listing, which may include trading on a US over-the-counter market. Avalon will be providing an update on its listing alternatives in a future news release.

A share consolidation is one of the options for continued listing on the NYSE MKT, however, this may not be an attractive alternative for shareholders. If AVL’s valuation recovers this fall, it may be able to retain its listing without a consolidation.

Investors should keep in mind that the continued listing standards notice applies only to the NYSE MKT, and does not affect AVL’s listing on the main Canadian market, the TSX, or other markets on which Avalon shares trade. As such, investors will still be able to trade the shares on these markets regardless of the markets/exchanges on which they were originally purchased.

In the meantime, Avalon will be providing regular progress reports on its active projects, as these critical metal and mineral projects advance. Avalon is currently advancing its Separation Rapids Lithium Project in Ontario with a pilot program and its East Kemptville Tin-Indium project in Nova Scotia where a work program to complete a PEA this fall is in progress. There is growing demand for these commodities, which we believe will soon attract more investor interest.