Exploration Azimut Inc. ("Azimut") and Everton Resources Inc. ("Everton") announce the signing of two letters of agreement regarding four claim blocks for which Azimut currently holds a 100% interest.

Exploration Azimut Inc. ("Azimut") announces it has increased its land holding near the Eléonore major gold discovery made by Virginia Gold Mines in the James Bay region, northern Quebec.

Azimut Exploration Inc. ("Azimut") announces the closing of a private placement with the Sodémex II institutional fund, a limited partnership company having the Caisse de dépôt et placement du Québec as a limited partner.

Azimut Exploration Inc. ("Azimut") announces that the institutional funds Sodémex II, a limited partnership company having the Caisse de dépôt et placement du Québec as a limited partner, will subscribe to a private financing subject to the approval of the regulatory authorities.

Azimut Exploration Inc. ("Azimut") announces the acquisition of four additional large properties in the vicinity of a major gold discovery made by Virginia Gold Mines on their Éléonore Property in the James Bay region of Quebec.

Azimut Exploration Inc. ("Azimut") announces that its Main Office has been relocated in Longueuil, Quebec.

Azimut Exploration Inc. ("Azimut") announces the closing of a $150,000 financing with the Fonds de solidarité FTQ Nord du Québec ("Fonds"). This financing will serve as working capital.

Azimut Exploration Inc. announces that on July 14, 2004, a new escrow agreement was signed to modify the terms of release of 482,685 escrowed shares.

Azimut Exploration Inc. ("Azimut") announces the signing of a Strategic Agreement with Kennecott Exploration Company ("Kennecott"), a subsidiary of the Rio Tinto Group, a world leader in finding, mining and processing mineral resources.

Exploration Azimut Inc. ("Azimut") announces the commencement of a nickel-copper-platinum exploration program in the Labrador Trough, Province of Quebec. This program consists of prospecting and sampling over three properties held 100% by Azimut.

Azimut Exploration Inc. announces that the debt payment in common shares (press release of May 20, 2004) has been approved by the regulatory authorities.

Azimut Exploration Inc. announces the issuing of 37,324 common shares of the Company to pay an interest of $11,943.59 on a $200,000 convertible debenture according to a rate of $0.32 per share.

Azimut Exploration Inc. announces that a total of 300,000 incentive stock options of the Company have been granted to four directors.

Exploration Azimut Inc. ("Azimut") presents the following progress report regarding its exploration permits and 2004 objectives.

Azimut Exploration Inc. ("Azimut") is pleased to announce the appointment of Mr. Louis P. Salley as a Director of the Company.