Avalon Provides Update On Separation Rapids Project PEA Monday, August 29, 2016 Avalon Provides Update on Separation Rapids Project PEA 14:54 EDT Monday, August 29, 2016 TORONTO, Aug. 29, 2016 (GLOBE NEWSWIRE) -- Avalon Advanced Materials Inc. (TSX:AVL) (OTCQX:AVLNF) (“Avalon” or the “Company”) reports that further to the Company’s news release dated July 25, 2016, the Preliminary Economic Assessment (“PEA”) on the Separation Rapids Lithium Project is now targeted for completion by mid-September, 2016. Work continues towards finalizing the hydrometallurgical process plant cost estimates, the mine plan and the economic model. Some delays were experienced in receiving final analytical results from the laboratory which has delayed completion of the PEA. Most of the other components of the PEA, including the updated resource estimate and environmental studies, have now been completed. The technical information included in this news release has been reviewed and approved by the Company’s Senior Vice President, Metallurgy and Technology Development, Mr. David Marsh, FAusIMM (CP), and Donald S. Bubar, P.Geo., both Qualified Persons under NI 43-101.