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Advancing the Elmer Gold Discovery

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EXPANDING THE ELMER DISCOVERY

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A Leading Multicommodity Explorer

Presentation Advancing the Elmer Gold Discovery

November 2022

A major gold zone in the James Bay region of Quebec, Canada

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ABOUT US

A MINERAL
EXPLORATION
PIONEER IN QUEBEC

Azimut Exploration Inc. (TSXV : AZM) is a Canadian mineral exploration company trading on Toronto’s TSX Venture Exchange.

The Company specializes in project generation supported by exploration expertise and partnership development.

Azimut generates mineral exploration targets of quality using AZtechMine™, the Company’s proprietary predictive modelling methodology that applies specialized analytics to large geoscientific databases.

TARGETING METHODOLOGY
BACKED BY A HISTORY
OF TANGIBLE RESULTS 

Azimut holds the largest multi-commodity exploration portfolio in Quebec and backs its targeting approach with strong field-validation expertise.

More than 500 new mineral prospects discovered in 15 years, including three large-scale mineral systems ranked as the Company’s current top priorities: Elmer sector, the James Bay copper-gold outlook and the Rex Trend in Nunavik.

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LATEST NEWS

November 23, 2022

Azimut to Present at the Quebec Mines + Énergie Conference on the Rex and James Bay Nickel Projects

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) announces that the Company will be participating in the Quebec Mines + Énergie Conference (https://mern.gouv.qc.ca/en/quebec-mines/) with technical presentations on its Rex and Rex South projects, as well as its James Bay Nickel project.

October 27, 2022

Azimut and Mont Royal Discover by Prospecting a Second Nickel-Copper-Bearing Intrusion at Wapatik

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce that the prospecting program undertaken this fall on the Wapatik Property (the “Property”) led to the discovery of a new nickel-copper-bearing ultramafic intrusion 2 kilometres north of the ultramafic intrusion discovered in 2021 (see Figures 1 to 4 and Photos 1 to 2). This field result is viewed as an encouraging step, further demonstrating the nickel-copper potential of the Property and, at a larger scale, the James Bay region (press releases November 30, 2021 and27 July 05, 2022). Follow-up on this second intrusion will consist of an electromagnetic survey to detect the presence of conductors that could be related to massive sulphides.

October 19, 2022

Azimut and Mont Royal Resume Drilling at Wapatik

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce that the third drilling phase has started on the Wapatik Property (the “Property”) after an encouraging maiden drilling program and second drilling phase (press releases of June 29 and October 3, 2022) (see Figures 1 to 3).

PROJECTS

Azimut holds a leading multi-commodity exploration portfolio in Quebec.

The current Company’s top priorities are located in 1) the James Bay region with the flagship Elmer project and other Gold and Copper-Gold properties; and 2) in an emergent polymetallic mineral district in Nunavik with flagship properties Rex and Rex South.

32 Partnership agreements since 2004

Since 2004, Azimut has signed 32 strategic or option agreements with 18 different companies, including 11 deals with senior partners: Rio Tinto, Newmont, IAMGOLD, Hecla Mining and SOQUEM.

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