3 March 2017
(March 3, 2017) Toronto, ON – Avalon Advanced Materials Inc.(TSX: AVL and OTCQX: AVLNF) (“Avalon” or the “Company”) is pleased to announce that it has entered into a preferred share purchase agreement (the “Agreement”) with an entity managed by The Lind Partners, a New York based asset management firm (“Lind”). The financing will involve the issuance of 500 Series A1 Preferred Shares (the “Preferred Shares”) on a private placement basis at a price of $5,000 per Preferred Share for gross proceeds of $2,500,000. The proceeds will be used for ongoing market development work, metallurgical studies and preliminary engineering work on the Separation Rapids Lithium Project and for general working capital purposes. The transaction is expected to close the week of March 6, 2017.