Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) comments on the inaccurate news releases issued by activist shareholders Coloured Ties Capital Inc. (TSXV: TIE) and Bullrun Capital Inc. (collectively, the “Bullrun Group”) on March 3, 2023 and March 14, 2023 (collectively, the “News Releases”).