NEWS

2022

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December 07, 2021

Azimut and Mont Royal Discover a Highly Prospective Nickel-Copper Ultramafic Intrusion at Wapatik

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report encouraging preliminary results from the Company’s initial prospecting program recently conducted on the Wapatik Property (“ the Property ”). The Property is located in the Eeyou Istchee James Bay region of Quebec and is under option to Mont Royal Resources Limited (“Mont Royal”) (ASX: MRZ), which can earn a 50% interest by spending $4.0 million in exploration.

Azimut Announces Major Nickel Position in the James Bay Region

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has recently acquired a new portfolio of attractive nickel targets in the James Bay region of Quebec. These targets, acquired by map designation, also present a significant potential for copper, cobalt and platinum group elements, which are commonly associated with nickel deposits. All these commodities will be in high demand in the long term, given the current global energy transition period.

Azimut Reports Positive Initial Metallurgical Results From Elmer Gold Recoveries up to 94%

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report excellent preliminary metallurgical tests from two representative samples from the Patwon Gold Zone on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Drills 122 g/t Au, 160 g/t Ag and 307 g/t Te over 0.5 m within a 2-Kilometre-Long Target Parallel to Patwon, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report a high-grade gold-silver-tellurium drill intercept in hole ELM21-088 within a 2-kilometre-long target zone located south of the Patwon Gold Zone on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Strengthens the High-Grade Core Zone at Patwon, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce new high-grade gold intervals from the Patwon Zone on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. Drilling completed to date has confirmed an open-ended robust core zone at Patwon.

Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on Strike with the Elmer Gold Discovery

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that an initial prospecting program has commenced on the Wapatik Property (“the Property”) under option to Mont Royal Resources Limited (“Mont Royal”) (ASX: MRZ). The Property is located along the same Archean greenstone belt hosting the Elmer gold discovery in the James Bay region of Quebec (see Figures 1 to 4 and press release of June 28, 2021).

Azimut Commences a 20,000-Metre Drilling Program, Advancing Toward a Maiden Gold Resource Estimate on the Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a new 20,000-metre drill phase has started as planned on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4).

Azimut and SOQUEM Drill the District-Scale Rex and Rex South Copper-Gold Properties in the Nunavik Region of Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that the summer drilling program on the Rex-Duquet (“Rex”) and Rex South copper-gold properties has been completed on eight significant targets, including iron oxide copper-gold (“IOCG”) mineralization, reduced intrusion-related gold-polymetallic systems and copper-gold mineralization in shear zones.

Azimut Releases an Updated Corporate Presentation

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has released today an updated corporate presentation (Azimut Corporate Update_September 2021). This presentation is available on the Company’s website. It provides important insights into the Elmer Property in light of the upcoming 20,000-metre drilling program.

Azimut Adds Wide High-grade Gold Intercepts at Patwon Discovery, Elmer Property, Quebec

4.21 g/t Au over 39.5 m including 7.86 g/t Au over 14.0 m

Azimut Announces Closing of $28.75 Million Bought Deal Private Placement Financing

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that it has closed its previously announced bought deal private placement financing (the “Offering”) for total gross proceeds of approximately $28.75 million, consisting of 3,463,900 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “FT Shares”) at a price of $3.32 per FT Share and 9,078,472 common shares of the Company on a non-flow-through basis (the “Shares” and, together with the FT Shares, the “Offered Shares”) at a price of $1.90 per Share, which includes the exercise of the underwriters’ option to purchase 1,973,172 additional Shares.

Azimut Explores 60 km of Greenstone Belt Hosting the Patwon Gold Discovery, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has commenced an extensive exploration program on two wholly-owned properties, Elmer and Wapatik, covering 60 kilometres of favourable geological strike in the greenstone belt hosting the Patwon gold discovery. Azimut has a controlling position over this underexplored but highly prospective belt in the James Bay region of Quebec. Extensive favourable structures for gold mineralization have been identified on both properties (see Figures 1 to 3).

Azimut Announces $25 Million Bought Deal Private Placement Financing

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters (collectively, the “Underwriters”), in connection with a bought deal private placement financing (the “Offering”) for total proceeds of approximately $25 million, consisting of 3,463,900 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “FT Shares”) at a price of $3.32 per FT Share (the “FT Issue Price”) and 7,105,300 common shares of the Company (“Hard Dollar Shares”) at a price of $1.90 per Hard Dollar Share (the “Hard Dollar Issue Price”).

Azimut drills 24.0 g/t Au over 18 m, including 38.7 g/t Au over 9 m, in the expanding Patwon Gold Zone, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that it continues to intersect wide, high-grade gold intervals at the Patwon discovery on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Drills 14 Holes Showing Wide Mineralized Intervals at the Patwon Gold Zone, Assays Pending

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide updated information on the progress of its current 15,000-metre diamond drilling program on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Cuts Wide High-Grade Gold Intervals at Patwon on the Elmer Property, including 6.43 g/t Au over 40.6 m

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that it continues to intersect wide, high-grade gold intervals at the Patwon discovery on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. The Company’s current 15,000-metre (60 holes) diamond drilling program at Elmer has resulted in 10,149 metres drilled to date (35 holes completed, two in progress).

Azimut Reports Initial Metallurgical Tests from the Patwon Gold Zone, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report excellent results from initial metallurgical tests on samples from the Patwon Gold Zone the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. Cyanide leaching suggests excellent gold extraction potential. Additional metallurgical tests are currently underway.

Azimut provides update on drilling program at the Elmer Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide an update for the 15,000-metre (60 holes) diamond drilling program underway on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4).

Azimut Appoints Krista Muhr as Director

Azimut Exploration is very pleased to announce the appointment of Ms. Krista Muhr to the Board of Directors of the Company, effective March 18, 2021.

Azimut identifies 10 priority drilling targets at Elmer

Strong exploration upside along strike and parallel to the Patwon Gold Discovery

Azimut starts a 15,000-metre drilling program on the Elmer Property, James Bay region, Quebec

Azimut Exploration is pleased to announce the start of a 60-hole diamond drilling program totalling 15,000 metres on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4). Drilling will start the first week of February.

Azimut defines excellent gold targets near the Patwon Discovery on the Elmer Property, James Bay region, Quebec
Up to 880 gold grains in till samples from nine gold-bearing clusters

Azimut Exploration is pleased to report the preliminary results of a high-density till sampling survey conducted over the Patwon gold discovery and its vicinity on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 5). These results further support the excellent potential for additional discoveries on the Property, along strike or subparallel to the Patwon Zone.

2021

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December 07, 2021

Azimut and Mont Royal Discover a Highly Prospective Nickel-Copper Ultramafic Intrusion at Wapatik

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report encouraging preliminary results from the Company’s initial prospecting program recently conducted on the Wapatik Property (“ the Property ”). The Property is located in the Eeyou Istchee James Bay region of Quebec and is under option to Mont Royal Resources Limited (“Mont Royal”) (ASX: MRZ), which can earn a 50% interest by spending $4.0 million in exploration.

Azimut Announces Major Nickel Position in the James Bay Region

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has recently acquired a new portfolio of attractive nickel targets in the James Bay region of Quebec. These targets, acquired by map designation, also present a significant potential for copper, cobalt and platinum group elements, which are commonly associated with nickel deposits. All these commodities will be in high demand in the long term, given the current global energy transition period.

Azimut Reports Positive Initial Metallurgical Results From Elmer Gold Recoveries up to 94%

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report excellent preliminary metallurgical tests from two representative samples from the Patwon Gold Zone on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Drills 122 g/t Au, 160 g/t Ag and 307 g/t Te over 0.5 m within a 2-Kilometre-Long Target Parallel to Patwon, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report a high-grade gold-silver-tellurium drill intercept in hole ELM21-088 within a 2-kilometre-long target zone located south of the Patwon Gold Zone on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Strengthens the High-Grade Core Zone at Patwon, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce new high-grade gold intervals from the Patwon Zone on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. Drilling completed to date has confirmed an open-ended robust core zone at Patwon.

Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on Strike with the Elmer Gold Discovery

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that an initial prospecting program has commenced on the Wapatik Property (“the Property”) under option to Mont Royal Resources Limited (“Mont Royal”) (ASX: MRZ). The Property is located along the same Archean greenstone belt hosting the Elmer gold discovery in the James Bay region of Quebec (see Figures 1 to 4 and press release of June 28, 2021).

Azimut Commences a 20,000-Metre Drilling Program, Advancing Toward a Maiden Gold Resource Estimate on the Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a new 20,000-metre drill phase has started as planned on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4).

Azimut and SOQUEM Drill the District-Scale Rex and Rex South Copper-Gold Properties in the Nunavik Region of Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that the summer drilling program on the Rex-Duquet (“Rex”) and Rex South copper-gold properties has been completed on eight significant targets, including iron oxide copper-gold (“IOCG”) mineralization, reduced intrusion-related gold-polymetallic systems and copper-gold mineralization in shear zones.

Azimut Releases an Updated Corporate Presentation

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has released today an updated corporate presentation (Azimut Corporate Update_September 2021). This presentation is available on the Company’s website. It provides important insights into the Elmer Property in light of the upcoming 20,000-metre drilling program.

Azimut Adds Wide High-grade Gold Intercepts at Patwon Discovery, Elmer Property, Quebec

4.21 g/t Au over 39.5 m including 7.86 g/t Au over 14.0 m

Azimut Announces Closing of $28.75 Million Bought Deal Private Placement Financing

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that it has closed its previously announced bought deal private placement financing (the “Offering”) for total gross proceeds of approximately $28.75 million, consisting of 3,463,900 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “FT Shares”) at a price of $3.32 per FT Share and 9,078,472 common shares of the Company on a non-flow-through basis (the “Shares” and, together with the FT Shares, the “Offered Shares”) at a price of $1.90 per Share, which includes the exercise of the underwriters’ option to purchase 1,973,172 additional Shares.

Azimut Explores 60 km of Greenstone Belt Hosting the Patwon Gold Discovery, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has commenced an extensive exploration program on two wholly-owned properties, Elmer and Wapatik, covering 60 kilometres of favourable geological strike in the greenstone belt hosting the Patwon gold discovery. Azimut has a controlling position over this underexplored but highly prospective belt in the James Bay region of Quebec. Extensive favourable structures for gold mineralization have been identified on both properties (see Figures 1 to 3).

Azimut Announces $25 Million Bought Deal Private Placement Financing

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters (collectively, the “Underwriters”), in connection with a bought deal private placement financing (the “Offering”) for total proceeds of approximately $25 million, consisting of 3,463,900 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “FT Shares”) at a price of $3.32 per FT Share (the “FT Issue Price”) and 7,105,300 common shares of the Company (“Hard Dollar Shares”) at a price of $1.90 per Hard Dollar Share (the “Hard Dollar Issue Price”).

Azimut drills 24.0 g/t Au over 18 m, including 38.7 g/t Au over 9 m, in the expanding Patwon Gold Zone, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that it continues to intersect wide, high-grade gold intervals at the Patwon discovery on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Drills 14 Holes Showing Wide Mineralized Intervals at the Patwon Gold Zone, Assays Pending

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide updated information on the progress of its current 15,000-metre diamond drilling program on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec.

Azimut Cuts Wide High-Grade Gold Intervals at Patwon on the Elmer Property, including 6.43 g/t Au over 40.6 m

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that it continues to intersect wide, high-grade gold intervals at the Patwon discovery on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. The Company’s current 15,000-metre (60 holes) diamond drilling program at Elmer has resulted in 10,149 metres drilled to date (35 holes completed, two in progress).

Azimut Reports Initial Metallurgical Tests from the Patwon Gold Zone, Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report excellent results from initial metallurgical tests on samples from the Patwon Gold Zone the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. Cyanide leaching suggests excellent gold extraction potential. Additional metallurgical tests are currently underway.

Azimut provides update on drilling program at the Elmer Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide an update for the 15,000-metre (60 holes) diamond drilling program underway on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4).

Azimut Appoints Krista Muhr as Director

Azimut Exploration is very pleased to announce the appointment of Ms. Krista Muhr to the Board of Directors of the Company, effective March 18, 2021.

Azimut identifies 10 priority drilling targets at Elmer

Strong exploration upside along strike and parallel to the Patwon Gold Discovery

Azimut starts a 15,000-metre drilling program on the Elmer Property, James Bay region, Quebec

Azimut Exploration is pleased to announce the start of a 60-hole diamond drilling program totalling 15,000 metres on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4). Drilling will start the first week of February.

Azimut defines excellent gold targets near the Patwon Discovery on the Elmer Property, James Bay region, Quebec
Up to 880 gold grains in till samples from nine gold-bearing clusters

Azimut Exploration is pleased to report the preliminary results of a high-density till sampling survey conducted over the Patwon gold discovery and its vicinity on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 5). These results further support the excellent potential for additional discoveries on the Property, along strike or subparallel to the Patwon Zone.

2020

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December 14, 2020

Azimut carries out 100 line-km of Induced Polarization at Elmer to outline drill targets on strike from Patwon Gold Discovery

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the start of a 100 line-km ground geophysics survey (induced polarization or “IP”) to cover a high-potential corridor containing the Patwon gold discovery on Azimut’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4).

Azimut advances the Elmer Gold Discovery, currently defined as a 500-metre-long body drilled down to 250 m vertical, open in all directions within a 7-kilometre-long priority corridor

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the remaining assay results from 24 holes on its 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. The holes were part of this year’s 55-hole diamond drilling program (10,515 m). To date, Azimut has drilled 62 holes (11,511 m) on the Property.

Azimut and Mont Royal Launch Exploration on the Wapatik Gold Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that an initial exploration program will soon commence on the Wapatik Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4). This Property is under option to Mont Royal Resources Limited (“Mont Royal”) (ASX: MRZ), as announced in the press release of September 22, 2020. Wapatik is located along the same geological trend as the Elmer Property where Azimut announced a significant gold discovery earlier this year (press releases of January 14, July 27 and September 15, 2020).

October 29, 2020

Azimut Strengthens its Exploration Team

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the recent appointment of Simon Houle as Chief Geologist and the promotion of François Gagnon as Project Manager.

Azimut and SOQUEM Initiate Drilling on a 10-km-long Copper-Gold Target on the Pikwa Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the start of a minimum 2,000-metre (12-hole) maiden diamond drilling program on the Pikwa Property (the “Property”) in the James Bay region of Quebec. This drilling program follows a recently completed ground geophysical survey. The objective is to test a major 10-kilometre-long copper-gold target (the Copperfield East target) defined by several spatially coincident features (see Figures 1 to 5):

Azimut and Mont Royal Sign Joint Venture Option Agreement for the Wapatik Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the signing of a joint venture option agreement with Mont Royal Resources Limited (“Mont Royal”) (ASX: MRZ) regarding the Wapatik Property (the “Property”) in the James Bay region of Quebec (see Figure 1).

Azimut Expands the Elmer Gold Discovery James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has received the assay results for another seventeen (17) holes totalling 3,959 metres from its ongoing diamond drilling program on the 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. The results of the first fourteen (14) holes were disclosed on July 27, 2020, and the assays for twenty-three (23) other holes are pending. Drill results to date confirm a significant and consistent gold-bearing mineralized system, including a high-grade component in most holes.

Azimut Announces a $6,000,000 Private Placement

Longueuil, Québec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) is pleased to announce its intent to proceed with a private placement of 3,333,335 common shares at a price of $1.80 per share for aggregate proceeds of $6,000,003.

Azimut Provides an Update on its Exploration Programs

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide an update on its main exploration projects in the James Bay and Nunavik regions of Quebec.

Azimut Discloses Drilling Results from Gold Discovery on the Elmer Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the assay results of fourteen (14) holes totalling 2,790 metres from its ongoing 10,000-metre diamond drilling program on the 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. To date, 39 holes have been drilled for 7,656 metres, in addition to the seven (7) holes (996 m) of the maiden drilling program in November 2019 (see press releases of January 14 and June 29, 2020). Assay results are pending for 25 holes (4,866 m).

Azimut expands Drilling Program on the Elmer Gold Discovery

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide an update on the diamond drilling program on its wholly owned Elmer Property in the Eeyou Istchee James Bay region of Quebec (see Figures 1 and 2). A total of 6,399 metres (32 holes) has been drilled since late May 2020. Based on initial core examination, Azimut’s management has decided to expand the ongoing program to 10,000 metres, from the 6,000 metres initially planned, to further assess the main target (ELM-1) and other previously identified targets (see press releases of January 14 and March 18, 2020). Assay results are pending.

Azimut Resumes Drilling on the Elmer Gold Discovery

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it has resumed drilling on its 100%-owned Elmer Property in the James Bay-Eeyou Istchee region of Quebec.

Azimut and SOQUEM target a Major Copper-Gold Mineralized System on the Pikwa Property, James Bay region, Quebec

Induced Polarization Survey confirms 5.6-km Target along the Copperfield Trend

Azimut: Exploration Update

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces it will immediately suspend all its field operations to respect the order of the Government of Quebec in response to the COVID-19 pandemic. All of Azimut’s employees and contractors are safely demobilizing and will be ready to resume operations as soon as possible.

Azimut commences a 6,000-metre Diamond Drilling Program to Expand the Elmer Gold Discovery, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the start of a 6,000-metre (30-hole) diamond drilling program on its 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figure 1). This program starts immediately with two rigs and will run until the end of April.

Azimut Appoints Glenn Mullan as Director

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is very pleased to announce the appointment of Mr. Glenn Mullan as a Director of the Company. Mr. Mullan was elected on February 27, 2020, during the last Annual General Meeting of Shareholders held in Montreal.

Azimut Closes $6.0 million Private Placement Financing

Longueuil, Québec. – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces the closing of a non-brokered private placement of an amount of $6,000,000. The placement consists of 2,448,980 flow-through shares at a price of $2.45 per share.

Azimut Announces $6.0 million Private Placement Financing

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces a non-brokered private placement of an amount of $6,000,000 of flow-through shares (the “FT Shares”) at a price of $2.45 per FT Share.

Azimut provides an Updated Corporate Presentation

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide an updated corporate presentation for its key properties in Quebec on the Company website. This document can be downloaded using the following link:

Azimut drills 3.15 g/t Au over 102.0 m including 10.1 g/t Au over 20.5 m at the Patwon Prospect, Elmer Gold Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the discovery of substantial gold mineralization in multiple drill hole intersections, including frequent high-grade intervals, in all seven (7) holes of its maiden diamond drilling program on the 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec. Significant additional drilling will be required to define the true width and extent of this discovery. The Patwon Prospect is part of a larger 7-kilometre-long high-potential target zone on the Property (see Figures 1 to 3). A ground geophysics survey (induced polarization) is currently underway over the discovery area and its vicinity to prepare for a more comprehensive upcoming drilling program.

Azimut appoints Mathieu Landry as Vice-President Technology and Business Development

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is very pleased to announce the appointment of Mr. Mathieu Landry as Vice-President Technology and Business Development of the Company. Mr. Landry will strengthen the Company’s leading role in the field of predictive analysis applied to mineral exploration and will develop new partnership opportunities.

Azimut further Proves the AZtechMine™ Expert System as an Efficient Discovery Tool for Mineral Exploration

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) wishes to highlight the central role of its proprietary AZtechMine™ expert system in the Company’s ability to identify high potential targets and make subsequent discoveries. Azimut holds the largest mineral exploration portfolio in Quebec (see Figure 1) and all these properties have been identified using the AZtechMine™ methodology.

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2019

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December 19, 2019

Azimut closes a $785,000 Flow-Through Private Placement Financing

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the closing of a non-brokered private placement of $785,000 consisting of the issuance of 1,189,365 flow-through common shares at a price of $0.66 per share.

Azimut and SOQUEM confirm the Copperfield Trend as a Major Copper-Gold Target on the Pikwa Property, James Bay region, Quebec

Mineralized Outcrops and Boulder Field with Grades Up to 20.1% Cu and 13.4 g/t Au along a 5.5 km by 0.5 km Corridor

Azimut and SOQUEM Enhance the Nantais Property (Gold-Silver-Copper-Zinc) in Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the results from its 2019 exploration program on the Nantais Property (the “Property”) under the Azimut-SOQUEM Strategic Alliance in the Nunavik region (the “Alliance”) (Figure 1). The $4 million program, funded by SOQUEM, also covered the Rex and Rex South properties (see press releases of November 6 and November 25, 2019).

Azimut Drills the Patwon Gold Prospect, Elmer Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a diamond drilling program is in progress on the Company’s wholly-owned Elmer Property (the “Property”) in the James Bay region of Quebec. This initial 1,000-metre campaign (6 holes) is designed to test the geometric continuity of the high-grade Patwon Prospect (see Figures 1 to 4).

Azimut and SOQUEM Report Encouraging Copper-Gold Results from the Rex South Property, Nunavik Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the results from its 2019 exploration program on the Rex South Property (the “Property”) under the Azimut-SOQUEM Strategic Alliance in the Nunavik region (the “Alliance”) (see Figure 1). The $4 million program, funded by SOQUEM, also covered the Rex Property (see press release of November 6, 2019) and the Nantais Property (results to be announced).

Azimut and SOQUEM discover Multiple Gold and Copper Mineralized Zones (up to 141 g/t Au and 13.65% Cu) on the Rex Property, Nunavik Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the first results from its 2019 partner-funded $4 million exploration program executed on the Rex-Duquet Property (the “Property”) under the Azimut-SOQUEM Strategic Alliance in the Nunavik region (the “Alliance”) (see press release of September 4, 2019). Results from the Rex South and Nantais properties, also part of the Alliance, will be reported later. Azimut is the operator of the Alliance (see Figure 1).

Azimut and SOQUEM report additional results from the Copperfield Trend, Pikwa Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report excellent additional results from the Copperfield Trend on the Pikwa Property (the “Property”) in the James Bay region of Quebec. These results follow up on the discovery of a 5.2-kilometre-long mineralized boulder field spatially associated with mineralized outcrops, as announced in the press release of October 16, 2019 (see Figures 1 to 7).

Azimut obtains 9.56 g/t Au over 5.36 metres from channel sampling on the Elmer Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report additional channel sampling results from its Patwon Prospect located on the Company’s wholly-owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figure 1).

Azimut and SOQUEM define a 5.2-kilometre-long Copper-Gold Target on the Pikwa Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce key progress arising from its 2019 summer field program on the Pikwa Property (the “Property”) in the James Bay region of Quebec (see Figures 1).

Azimut Closes $1,430,000 Private Placement

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that it has completed the private placement totalling $1,430,000 with Québec-based institutional funds as announced on September 30, 2019.

Azimut announces Drilling Results on the Eleonore South JV Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the results from 26 diamond drill holes (7,365 metres) completed during the late fall 2018 and winter 2019 programs on the Eleonore South JV Property (the “Property”), a joint venture with Newmont Goldcorp Corporation and Eastmain Resources Inc. The JV project is located immediately south of Newmont Goldcorp’s Eleonore gold mine in the James Bay region of Quebec (see Figure 1).

Azimut Announces $1,430,000 Private Placement

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce a private placement of units for aggregate proceeds of up to $1,430,000 with Québec-based institutional funds.

Azimut Confirms Surface Gold Discovery on the Elmer Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that substantial outcropping gold mineralization has been discovered at the Patwon Prospect on the Company’s wholly-owned Elmer Property (the “Property”) in the James Bay region of Québec. A total of 473 channel and grab samples were collected during the summer field program on the Property, including 281 at Patwon. Initial results were reported on July 16, 2019. The next exploration phase, which entails mechanized stripping and a maiden diamond drilling program, will take place in the fall.

Azimut and SOQUEM near completion of $4 Million Gold-Copper Exploration Program over the Rex Trend in Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that a $4 million exploration program is near completion on three (3) major gold-copper properties under the Azimut – SOQUEM Strategic Alliance in the Nunavik region (the “Nunavik Alliance”). The objective of the 2019 program is to advance the Rex-Duquet, Rex South and Nantais properties to the drilling stage, supported by a heliborne electromagnetic (“EM”) survey and detailed prospecting. Assay results are pending and will be delivered on a timely basis. Azimut is the operator of the Nunavik Alliance.

Azimut and SOQUEM Resume Exploration on Four Gold Properties (Pikwa, Pontois, Galinée and Dalmas) in the James Bay Region of Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it has started new exploration programs on four (4) gold properties under the Azimut – SOQUEM Strategic Alliance (the “Alliance”) in the James Bay region (see Figure 1). The objective is to further assess these properties on which significant results have been obtained since 2016. Azimut is the operator of the ongoing programs.

Azimut Cuts 9.52 g/t Au over 7.1 m on the Elmer Property, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report excellent initial results from the 2019 exploration program on the Company’s wholly-owned Elmer Property (the “Property”). Channel sampling on the Patwon Prospect confirms the strong exploration potential for a high-grade gold system on the Property.

Azimut Conducts Predictive Modelling for Copper Over the James Bay Region and Acquires Four Quality Projects

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it has recently completed regional predictive modelling for copper over the James Bay region of Quebec using the Company’s AZtechMineTM; expert system. Several large but underexplored copper targets have since been acquired by map designation. Some of the copper targets combine gold or nickel-cobalt potential.

Azimut and SOQUEM Resume Exploration on the Munischiwan Property (Au, Ag, Cu), James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it has started the 2019 exploration program on the Munischiwan Property (the “Property”) in the James Bay region of Quebec (see Figure 1). This phase of work mainly consists of detailed surface sampling on the InSight Discovery to prepare for the first diamond drilling program later this year.

Azimut Commences Exploration on the Elmer and Duxbury Gold Properties in the James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the start of an exploration program on its wholly-owned Elmer and Duxbury properties following the Company’s comprehensive assessment phase. The properties provide continuous coverage over a 35-kilometre segment of an underexplored greenstone belt that is considered highly prospective for intrusion-related and shear-related gold deposits. Encouraging preliminary prospecting results, including 77.8 g⁄t Au, 60.4 g⁄t Au, 54.6 g⁄t Au and 8.56 g⁄t Au in grab samples, have already been reported (see press release of November 20, 2018).

Azimut and SOQUEM Sign Final Strategic Alliance Agreement

Longueuil and Val-d’Or, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) and SOQUEM Inc. (“SOQUEM”), a subsidiary of Ressources Québec, are pleased to announce the signing of the final agreement of their expanded Strategic Alliance (the “Alliance”), following the execution of a letter agreement previously announced on February 25, 2019.

Azimut and SOQUEM Identify Induced Polarization Anomalies over the InSight Au-Ag-Cu Discovery, Munischiwan Property, James Bay

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the preliminary results of an induced polarization (“IP”) ground geophysical survey over the InSight discovery (Au-Ag-Cu) on the Munischiwan Property (the “Property”) in the James Bay region of Quebec (see Figure 1). The next exploration phase will start in June 2019 and will consist of detailed prospecting followed by diamond drilling.

Azimut acquires the Kaanaayaa Gold-Copper Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it recently acquired the Kaanaayaa Property (the “Project”) to cover an excellent gold-copper exploration target in the James Bay region of Quebec (see Figure 1). This wholly owned Project is about 10 km southeast of the Pikwa Property (Azimut-SOQUEM). Azimut will undertake a detailed lake-bottom sediment geochemical survey over the Project, followed by a prospecting phase.

Azimut and SOQUEM cover the InSight Discovery (Au-Ag-Cu) with a Ground Geophysical Survey, Munischiwan Property, James Bay region

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a 70-line-kilometre magnetic and induced polarization ground geophysical survey is in progress to further assess the InSight discovery (Au-Ag-Cu) on the Munischiwan Property (the “Property”) in the James Bay region of Quebec (see Figure 1). The results will help define the next exploration phase on the Property which will consist of detailed prospecting and diamond drilling.

Azimut and SOQUEM cover the Gold-Polymetallic Pikwa Property with a Heliborne Geophysical Survey, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a 2,100-line-kilometre electromagnetic (VTEMTM Plus) and magnetic heliborne survey is in progress to cover a major gold-polymetallic target on the Pikwa Property (the “Property”) in the James Bay region of Quebec. The results will help define the next exploration phase on the Property.

Azimut and SOQUEM expand their Strategic Alliance in Quebec

Longueuil and Val-d’Or, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) and SOQUEM Inc. (“SOQUEM”), a subsidiary of Ressources Québec, are pleased to announce the execution of a letter agreement concerning major developments in their strategic alliance in the Province of Quebec.

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2018

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December 21, 2018

Azimut closes $1,149,500 private placement

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce the closing of a private placement for $1,149,500 from five (5) Québec-based institutional funds.

Azimut and Partners announce Drilling Results from Eleonore South Gold Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces assay results from 14 diamond drill holes (4,285 m) from the Fall 2018 exploration program at the Eleonore South JV Property (Azimut-Eastmain-Goldcorp) where a substantial gold-bearing system has been uncovered from 2016 to 2018. Results are pending on 10 additional drill holes. Located in the James Bay region of Quebec, Eleonore South is adjacent to the Eleonore Property hosting the major Eleonore gold mine owned and operated by Goldcorp (see Figure 1).

Azimut and SOQUEM obtain New Results from the Munischiwan Property (Au, Ag, Cu), James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report additional prospecting results from the Munischiwan Property, which is jointly owned with SOQUEM Inc. (“SOQUEM”) under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1). Best results include 100.5 g/t Au, 151.0 g/t Ag and 156.0 g/t Te from the InSight Prospect, formerly named Maschakw (see press release of October 25, 2018). The next step will be to carry out a ground-based geophysical survey (induced polarization) this winter over the surface discovery to define drilling targets.

Strong potential of the Pikwa gold-polymetallic property highlighted by regional geochemical footprint

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report on the strong potential of its gold-polymetallic Pikwa Property adjacent to the Mythril Property where Midland Exploration Inc. (TSXV: MD) has discovered a significant mineralized zone. The major target zone on the Pikwa Property is characterized by a regional arsenic-bismuth-copper anomaly in lake-bottom sediments and a 20-kilometre-long magnetic high where Azimut identified gold, copper, cobalt and molybdenum mineralization (see Figures 1 to 3 and press release of November 6, 2018). The results announced by Midland Exploration appear to be directly on strike with the Pikwa target zone.

Azimut reports on excellent gold prospecting results from its new Elmer Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the results of a preliminary assessment program on its recently acquired wholly-owned Elmer Property located in the James Bay region of Quebec.

Azimut and SOQUEM find Gold on the Galinée Property, James Bay region, Québec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has discovered gold mineralization on the extensive 36-kilometre-long Galinée Property (658 claims, 339 km²), which is jointly owned with SOQUEM Inc. (“SOQUEM”) under a Strategic Alliance covering the James Bay region of Quebec (see Figure). Detailed follow-up field work will be conducted in 2019.

Azimut and SOQUEM find Gold on the Pontois Property, James Bay region, Québec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has discovered gold mineralization on the Pontois Property, which is jointly owned with SOQUEM Inc. (“SOQUEM”) under a Strategic Alliance covering the James Bay region of Quebec (see Figure).

Azimut and SOQUEM discover Gold and Polymetallic (Cu, Co, Mo) Mineralization on the Pikwa Property, James Bay region

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has discovered gold and polymetallic mineralization (copper, cobalt, molybdenum) on the Pikwa Property, which is jointly owned with SOQUEM Inc. (“SOQUEM”) under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).

Azimut and SOQUEM make a major Gold-Silver-Copper Discovery on the Munischiwan Property, James Bay region

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report it has discovered a major gold-copper-silver prospect on the Munischiwan Property, which is jointly owned with SOQUEM Inc. (“SOQUEM”) under a Strategic Alliance covering the James Bay region of Quebec (see Figure 1).

SOQUEM adds the Galinée and Dalmas properties to its Strategic Alliance with Azimut

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that SOQUEM has decided to add the Galinée and Dalmas properties to its Strategic Alliance with Azimut (“the Alliance”) covering the James Bay region in Quebec. The Alliance is dedicated to gold exploration following a predictive mineral potential modelling performed by Azimut over 176,300 km². The projects selected by SOQUEM under the terms of the Alliance (see press release dated September 26, 2016) now comprise six properties totalling 2,144 claims (1,104 km²). The James Bay region offers quality infrastructure and is one of the most active regions for gold exploration in Canada (see Figure).

Azimut’s Elmer and Duxbury gold properties provide a controlling position over a highly prospective 32-km trend in the James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce it has recently acquired the Elmer Property where historical exploration programs revealed many high-grade gold-silver-copper-zinc prospects. Azimut also owns the adjacent Duxbury Property. Together, these two properties provide a controlling position over a highly prospective 32-kilometre corridor known as the Elmer Trend. Both projects can be accessed by the quality infrastructure of the James Bay region of Quebec, one of the most active regions for gold exploration in Canada (Figure 1).

Azimut and Partners resume Exploration on the Eleonore South Gold Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce the start of a new exploration program on the Eleonore South JV Property (Azimut-Eastmain-Goldcorp) where a substantial gold-bearing system has been uncovered from 2016 to 2018. The adjacent property to the north west hosts the major Eleonore gold mine owned and operated by Goldcorp (see Figure 1).

Azimut and Partners strengthen the large-scale intrusion-hosted gold system on the Eleonore South Property

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report the results of thirty-two (32) diamond drill holes totalling 5,448.6 metres on the Eleonore South Property (Azimut-Goldcorp-Eastmain JV). This phase completes the 2017-2018 diamond drilling program of fifty (50) holes for 9,891.6 metres. Located in the James Bay region of Quebec, Eleonore South is adjacent to the property that hosts the major Eleonore gold mine owned and operated by Goldcorp (see Figure 1). A new work program is being prepared and will soon be announced.

Azimut and SOQUEM undertake a $1.5 Million Exploration Program on Seven Gold Projects in the James Bay Region of Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report on the following:

The results of the exploration work completed on five gold projects in 2017 within the framework of the Azimut-SOQUEM Strategic Alliance covering the James Bay–Eeyou Istchee Territory (see attached figure). This phase of work led to the discovery of new prospects for gold, cobalt, copper and rare earth elements;
Details of the $1.5 million exploration program planned by the Alliance for seven gold projects in 2018. This program, funded by SOQUEM, will be managed by Azimut.

Azimut and SOQUEM identify strong gold targets on the Galinée and Dalmas projects, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) has identified strong gold targets on the Galinée and Dalmas projects during an assessment program conducted under the Strategic Alliance with SOQUEM (“the Alliance”) in the James Bay region. The definition of a follow-up work program is underway and will be announced once finalized

Azimut cuts Chromite Mineralization at Chromaska and expands its Drill Program

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to report the initial results of the diamond drilling program completed on its 100% owned Chromaska Property, an early-stage Chromium-Platinum-Palladium-Nickel project in an highly accessible part of the James Bay region of Quebec (see Figure 1).

Azimut Appoints Michel Brunet as Director

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is very pleased to announce the appointment of Mr. Michel Brunet as a director of the Company. Mr. Brunet is currently Senior Counsel for Dentons Canada LLP. His broad corporate experience will be an asset in Azimut’s growth strategy.

Azimut Strengthens its Exploration Team

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce the appointments of Dr. Martin Tuchscherer as Chief Geologist Exploration and François Bissonnette as Operations Manager.

March 20, 2018

Azimut grants stock options

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) announces that a total of 520,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 460,000 have been granted to its directors and officers and 60,000 to its employees and consultants. These options have an exercise price of $0.37 per share and are exercisable during a 10-year period.

March 13, 2018

Azimut Commences a 1,000-Metre Drilling Program on the Chromaska Property (Cr, PGE, Ni), James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce that an initial 1,000-metre diamond drilling program (3 holes) will soon commence on its 100% owned Chromaska Property (formerly called “Eastmain West”), an early-stage Chromium-Platinum-Palladium-Nickel project in an highly accessible part of the James Bay region of Quebec (Figure 1).

March 01, 2018

Azimut Appoints Angelina Mehta as Director

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is very pleased to announce the appointment of Mrs. Angelina Mehta as a Director of the Company. Mrs. Mehta was elected on February 27, 2018, during the last Annual General Meeting of Shareholders held in Montreal.

February 27, 2018

Azimut and Partners Commence a 5,100-metre Drilling Program at Eleonore South, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the start of the Phase 2 diamond drilling program on the Eleonore South Property (Azimut-Eastmain-Goldcorp JV). Phase 2 consists of 5,100 metres in 29 holes, representing a 40% increase from the initial plan of 3,600 metres. The results of Phase 1 (4,443 m in 18 holes) were reported in the press release of December 12, 2017. The Eleonore South Property is adjacent to Goldcorp’s Eleonore mine property in the James Bay region of Quebec (Figure 1). Azimut is the operator of the current program.

January 16, 2018

Azimut: Strategic Update

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV:AZM) is pleased to provide the following strategic update on the Company. Azimut’s management believes 2018 will yield new positive steps in the Company’s development:

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2017

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December 28, 2017

Azimut closes a $1.55 million Flow-Through Private Placement Financing

Longueuil, Québec. – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) announces the closing of a non-brokered flow-through private placement of $1,550,000. The placement consists of 3,100,000 flow-through common shares at a price of $0.50 per share.

Azimut announces $1.55 million Flow-Through Private Placement Financing

Longueuil, Québec. – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) announces that it plans to raise gross proceeds of up to $1,550,000 through a non-brokered private placement of up to 3,100,000 flow-through common shares of Azimut (the “FT Shares”) at a price of $0.50 per FT Share (the “Offering”).

Azimut and Partners continue to hit gold mineralization at Eleonore South, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the results of the first eighteen (18) holes (4,443 m) of the 8,000-metre 2017-2018 diamond drilling program on the Eleonore South JV Property. The Eleonore South Property is adjacent to the Eleonore Property hosting the major Eleonore gold mine owned and operated by Goldcorp.

Azimut’s partner Goldcorp commences airborne geophysical survey over Wabamisk Property, James Bay region, Quebec

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV : AZM) is pleased to announce that its partner Goldcorp Inc. (TSX: G; NYSE: GG) is starting a heliborne geophysical survey on the Wabamisk Property located in the James Bay region, Quebec.

Azimut and Partners obtain Additional High-Grade Gold Results from Eleonore South, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report additional high-grade gold results from surface prospecting on the Eleonore South JV Property in the James Bay region of Quebec. The best grab samples yielded very high grades: from 833 g/t Au to 1,500 g/t Au on boulders and up to 26.1 g/t Au on outcrops. These results may represent the direct strike continuity of the high-grade Moni Prospect discovery announced on October 17, 2017, which includes the following channel samples: 79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m (see attached figures 1 to 6).

Azimut reports encouraging drilling results on the Opinaca B Property, Eleonore Mining Camp, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or the “Company”) (TSXV: AZM) is pleased to report that Hecla Mining Company (“Hecla”) (NYSE-HL) has obtained encouraging results following a 2,945-metre diamond drilling program on the Opinaca B Property held by Azimut and its partner Everton Resources Inc. (TSXV: EVR). Best result is 0.61 g/t Au over 30.7 m (starting in mineralization), including 2.38 g/t Au over 2.0 m and 3.21 g/t Au over 1.7 m in hole OP-17-51 (see attached figure). A follow-up work program including mechanized trenching is planned in 2018.

Azimut reports on Work Progress at Eleven Gold Projects under its Strategic Alliance with SOQUEM, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide an update regarding the exploration work conducted in the framework of its Strategic Alliance (“the Alliance”) with SOQUEM. The Alliance, which covers 176,300 km² in the Eeyou Istchee James Bay Territory of Quebec (see attached figure), allows the partners to conduct systematic exploration of high potential gold targets identified by advanced numerical data processing. Azimut is manager of the Alliance.

Azimut and Partners announce High-Grade Gold Surface Discovery at Eleonore South, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the discovery of a high-grade gold-bearing vein system on the Eleonore South JV Property in the James Bay region of Quebec. Channel composite samples assayed up to 79.6 g/t Au over 4.25 m and 79.5 g/t Au over 5.87 m. The ongoing exploration program includes 18 recently completed drill holes (results pending); additional drilling is scheduled for January 2018. This new gold discovery confirms the highly prospective environment at Eleonore South. The discovery area is located 15 kilometres from the major Eleonore gold mine, owned and operated by Goldcorp Inc (see attached figures 1 and 2).

Azimut and Partners Commence an 8,000-Metre Drilling Program at Eleonore South, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce Phase 1 of a 8,000 m diamond drilling program has begun on the Eleonore South JV Property. Phase 2, comprised of 3,600 m, will begin in January following a full assessment of the Phase 1 results. The drilling is part of a comprehensive $3.9 million program, following up on the 2016-2017 drill program (see press release of July 20, 2017) and guided by additional surface geological and geophysical exploration underway on the Property. The Property is adjacent to Goldcorp’s Eleonore mine property in the James Bay region of Quebec

Azimut and Partners Accelerate Exploration at Eleonore South with a $3.9 Million Program, including 8,000 Metres of Drilling

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the 2017-2018 exploration program on the Eléonore South JV Property. Managed by Azimut, the program includes 8,000 metres of drilling for a total budget of $3.9 million, wherein each JV partner contributes pro rata. The Eleonore South Property is adjacent to Goldcorp’s Eleonore mine property in the James Bay region of Quebec.

Azimut and SOQUEM expand their Strategic Alliance with Seven Additional Gold Properties, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces that seven (7) additional gold properties will be subject to an exploration program under the Strategic Alliance (“the Alliance”) with SOQUEM in the James Bay region. This represents a significant addition to the recently announced program, which already covers four (4) other properties held by the Alliance (see press release of July 11, 2017).

July 11, 2017

Azimut and SOQUEM initiate a Prospecting Program on Four Gold Properties in the James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces the start of an extensive prospecting program on four (4) gold properties acquired through a Strategic Alliance (“the Alliance”) with SOQUEM in the James Bay-Eeyou Istchee Territory of Quebec. Recent surveys conducted under the Alliance identified 18 target areas on the four properties, consisting of 13 geochemical targets and 5 geophysical targets.

July 06, 2017

Azimut Reappraises the Gold Potential of the Opinaca A Property, Eleonore Mining Camp, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it has reassessed the gold potential of its Opinaca A Property based on previous exploration work and new regional information. Two major gold prospects (Charles and Inex) are located along an inferred 20-km prospective trend defined by geophysical, geological and geochemical parameters, including gold anomalies in till. Only limited drilling has been completed so far on these prospects, and additional drilling is needed to better appraise their potential. Figures 1 to 3 (see attached) show the Property’s magnetic footprint and a compilation of salient exploration results to date.

June 19, 2017

Azimut announces 2,500 metres of Diamond Drilling on the Opinaca B Gold Property, Eleonore Mining Camp, James Bay Region, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that Hecla Mining Company (“Hecla”) (NYSE-HL) has commenced a 2,500-metre diamond drilling program on the Opinaca B Gold Property held by Azimut and its partner Everton Resources Inc. (TSXV: EVR).

May 30, 2017

Azimut reports additional gold drilling results at Eleonore South, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces the results of the last five (5) holes of a 14-hole (2,733-metre) diamond drilling program completed in early April on the Eleonore South JV Property. These new results notably include 6.61 g/t Au over 3.0 metres in Hole ES17-70. These five holes were positioned 700 to 1,300 metres west of a previously reported intersection of 4.9 g/t Au over 45.0 metres in Hole ES17-64 (see press release of May 2, 2017).

May 08, 2017

Azimut identifies a significant and continuous gravity anomaly over a high-grade chromite zone at Eastmain West (Cr, PGE, Ni)

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) is pleased to report the results of a recent ground-based gravity survey on its 100%-owned Eastmain West Property in the James Bay region of Quebec. A linear gravity anomaly has been defined along the entire length of a 1.2 km by 900 m grid on the central part of a 4-km-long ultramafic-mafic horizon. The gravity anomaly is spatially associated to the high-grade Dominic Prospect, where channel sampling recently yielded 17.21% CR₂O₃ over 7.54 m including 33.2% CR₂O₃ over 3.55 m (see press release of January 19, 2017). The next phase of work will consist of diamond drilling to determine the chromite potential of the anomaly.

May 02, 2017

Azimut intersects 4.9 g/t Au over 45.0 m at Eleonore South, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the initial results of the first nine (9) holes of a 14-hole (2,733-metre) diamond drilling program completed in early April on the Eleonore South JV Property. The best drill intercept to date is 4.9 g/t Au over 45.0 metres, including 13.0 g/t Au over 10.5 metres (Hole ES17-64). Excellent targets in the immediate vicinity will be drilled to expand this discovery.

March 14, 2017

Azimut and SOQUEM commence an aerial geophysical survey on the Munischiwan Gold Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) is pleased to announce the start of a helicopter-borne magnetic and electromagnetic survey on the Munischiwan gold property, jointly owned with SOQUEM. Munischiwan was acquired within the framework of the Strategic Alliance with SOQUEM, which covers the James Bay-Eeyou Istchee Territory of Quebec (see press release of September 26, 2016).

March 01, 2017

Azimut and partners commence Phase 2 drilling program on Eleonore South Gold Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) is pleased to announce that the second phase of a 5,000 m diamond drilling program has started on the Eleonore South JV Property in the James Bay region of Quebec. This drilling phase, totalling 2,500 m will test gold targets along a corridor 4 km long by 500 m wide to the east of the JT Prospect and on strike of the Sirios Resources Inc. Cheechoo discovery

February 21, 2017

Azimut commences geophysical survey over high-grade chromite zone on its Eastmain West Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) is pleased to announce that a ground-based gravity survey will commence on its 100%-owned Eastmain West Property in the James Bay region of Quebec. The objective is to better define the lateral and depth potential of a kilometre-scale high-grade chromite target zone. Recently reported channel sampling results from this part of the property reached 17.21% CR₂O₃ over 7.54 m, including 33.2% Cr2O3 over 3.55 m (see press release of January 19, 2017). The survey will also be used to assess the property’s potential for Ni-Cu-PGE massive sulphides, which may be present in this geological setting. The next work program will consist of mechanical stripping and diamond drilling.

January 23, 2017

Azimut announces Hecla will undertake a $925,000 exploration program, including 2,500 metres of drilling, on the Opinaca B Property in the Eleonore mining camp

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce that Hecla Mining Company (“Hecla”) (NYSE-HL) will invest $925,000 in new exploration on the Opinaca B gold property, held by Azimut and its partner Everton Resources Inc. (TSXV: EVR).

January 19, 2017

Azimut obtains 33.2% Cr₂O₃ over 3.55 metres in channel sampling on its Eastmain West Property (Cr, PGE, Ni), James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) reports encouraging results from channel sampling performed in late 2016 on its 100%-owned Eastmain West Property located in the James Bay region, Quebec. The best channel result is 17.21% Cr₂O₃ over 7.54 m, including 33.2% Cr₂O₃ over 3.55 m, from the Dominic Prospect.

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2016

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December 05, 2016

Azimut and SOQUEM start exploration on four gold properties through their Strategic Alliance in the James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSX: AZM) is pleased to announce the commencement of exploration work on four (4) gold properties acquired in the framework of its Strategic Alliance (“the Alliance”) with SOQUEM in the James Bay-Eeyou Istchee Territory of Quebec (see figure appended). The James Bay region is one of the most active regions for gold exploration in Canada. Azimut is among the leading exploration companies in the region with a highly prospective portfolio of 16 properties.

Azimut reports drilling results including 76.1 g/t Au over 1.55 m at Eleonore South Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that all results of the first phase of the diamond drilling program conducted this fall on the Eleonore South JV Property have been received, as well as new prospecting results. The most significant drill intercept is 76.1 g/t Au over 1.55 m (Hole ES16-57) and the most significant prospecting grade is 247.0 g/t Au from a mineralized boulder found in a trench near Hole ES16-57. This area is largely open along strike and occurs within the same tonalite body that hosts the Moni Prospect, about 600 metres to the northeast.

Azimut reports initial drilling and channel sampling results for Eleonore South, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to announce the results of channel sampling on the high-grade Moni gold prospect, as well as initial results from the first five (5) holes of a 12-hole (2,510-metre) diamond drilling program completed this fall on the Eleonore South JV Property (see appended figures and table).

Azimut grants stock options

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces that a total of 735,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 640,000 have been granted to its directors and officers and 95,000 to its employees and consultants. These options have an exercise price of $0.52 per share and are exercisable during a 10-year period.

Azimut and SOQUEM acquire four gold properties through their Strategic Alliance in the James Bay region of Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it has acquired four (4) gold exploration properties though its Strategic Alliance with SOQUEM Inc. (the “Alliance”) in the James Bay-Eeyou Istchee Territory of Quebec. The projects were identified by a regional-scale mineral potential assessment performed by Azimut within the framework of the Alliance (see press release of September 26, 2016).

Azimut and SOQUEM form a Strategic Alliance covering the James Bay-Eeyou Istchee region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce it has formed a Strategic Alliance with Société québécoise d’exploration minière (“SOQUEM”) covering the James Bay-Eeyou Istchee region in Quebec. The objective of this four-year Alliance, covering a 176,300-km2 surface area, is to identify, acquire and explore highly prospective gold targets. The James Bay-Eeyou Istchee region is one of the most prospective and active mining regions in Canada.

Azimut and partners commence drilling on highly prospective gold targets at Eleonore South, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that the first phase of a 5,000-metre diamond drilling program has commenced on the Eleonore South Property in the James Bay region of Quebec. This first phase of drilling, totalling 2,500 metres, will provide a preliminarily assessment of a 3-kilometre-long highly prospective corridor on strike with the adjacent Cheechoo discovery made by Sirios Resources Inc.

Azimut: Stock option plan

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces that it has increased by 1,244,000 the number of common shares reserved for future issuance under its stock option plan shares for a total of 4,544,000, or approximately 9.99 % of the 45,449,496 common shares issued and outstanding of the Company as of August 29, 2016. All other terms of the stock option plan remain unchanged.

High-grade prospecting results enhance upcoming 5,000-metre drilling program at Eleonore South gold Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce the results of a recently completed surface prospecting program on the Eleonore South Property in the James Bay region of Quebec. The program has delivered some of the best prospecting gold grades obtained to date in the Eleonore mining camp area.

Azimut closes $2,500,000 private placement

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) announces the closing of its private placement for $2,500,000, including $1,100,000 from five (5) Québec-based institutional funds: Capital croissance PME II, l.p. (“CCPME”) ($200,000), SIDEX l.p. (“SIDEX”) ($300,000), SODÉMEX II ($300,000), Fonds de solidarité des travailleurs du Québec (F.T.Q.) (“Fonds de solidarité FTQ”) ($200,000) and Fonds régionaux de solidarité FTQ, l.p. ($100,000).

Azimut $2.3 million private placement financing oversubscribed and increased to $2.5 million

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces that the non-brokered private placement of 7,187,500 common shares at a price of $0.32 per share for total gross proceeds of $2,300,000 announced on July 11, 2016, is oversubscribed. The placement has been increased to 7,812,500 common shares for total gross proceeds of $2,500,000.

Azimut announces $2.3 million private placement financing

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces that it plans to raise gross proceeds of up to $2,300,000 through a non-brokered private placement of up to 7,187,500 common shares at a price of $0.32 per share, each share being accompanied by one half-warrant. Each whole warrant will entitle its holder to subscribe for one common share of the Company at a price of $0.45 per share over a 24-month period.

Azimut and its partners launch a $2 million exploration program on the Eleonore South Property in the Eleonore mining camp

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a $2 million work program, including 5,000 metres of diamond drilling, will be launched with JV partners Les Mines Opinaca Ltée (“Opinaca”), a wholly-owned subsidiary of Goldcorp Inc. (TSX: G; NYSE: GG), and Eastmain Resources Ltd (TSX: ER) on the Eleonore South Property in the James Bay region of Quebec. Azimut will be the operator.

Azimut: Extension of Expiry Date of Warrants

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or the “Company”) (TSXV: AZM) announces that, subject to required approvals from regulatory authorities

Azimut announces Hecla will commence a $756,000 exploration program on the Opinaca B gold property in the Eleonore mining camp

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or the “Company”) (TSXV: AZM) announces that Hecla Mining Company (“Hecla”) (NYSE-HL) will invest $756,000 in an exploration program on the Opinaca B gold property, presently held by Azimut and its partner Everton Resources Inc (TSXV: EVR).

Azimut refines highly prospective gold target on the Eleonore South Property in the Eleonore mining camp

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) has refined the highly prospective target area on the Eleonore South Property by re-analyzing public data. The roughly 14 km2 target area is principally defined by a strong gold-arsenic anomaly and a 10.3-km-long tonalite-metasediment contact. The target area, which remains largely untested by drilling, appears to be part of a large gold system with considerable exploration potential.

Azimut compares geochemical footprints between Goldcorp’s Eleonore Gold Mine and neighbouring Eleonore South Property

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or the “Company”) (TSXV: AZM) reports that the combined processing by Azimut of geochemical data covering the Eleonore property (including the major Eleonore gold deposit) and the Eleonore South property reveals an attractive kilometre-scale gold target at Eleonore South (see figures appended). This anomaly is comparable in size and intensity to the gold-arsenic soil footprint of the Eleonore deposit. This target is located right on the edge of the Cheechoo property where significant results were recently released by Sirios Resources Inc (“Sirios”) (TSXV: SOI).

New results in the Eleonore Camp strengthen the discovery potential of the Eleonore South and Opinaca B properties

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) reports that significant results have been recently released by Sirios Resources Inc. (“Sirios”) (TSXV: SOI) on its Cheechoo gold property, located immediately adjacent to Azimut’s Eleonore South and Opinaca B properties in the Eleonore Camp, James Bay region, Quebec. Data released so far suggests a strike extension of the Cheechoo discovery onto the Eleonore South property

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2015

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November 25, 2015

Azimut reports on Hecla Quebec’s progress on the Opinaca B gold property, James Bay region

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to report that Hecla Quebec Inc. (“Hecla”), a wholly owned subsidiary of Hecla Mining Company (NYSE-HL), has renewed its option to earn up to 60% interest on the Opinaca B Property in the immediate vicinity of Goldcorp’s Éléonore gold mine in the James Bay region.

Azimut performs Quebec-scale mineral potential modelling: Big data approach applicable worldwide

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to report it has recently completed mineral potential modelling at the scale of the province of Quebec, Canada, focusing on gold, copper and nickel targets.

Azimut acquires Duquet Property, Nunavik

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that Osisko Gold Royalties Ltd. (“Osisko”), through their 100% owned subsidiary Osisko Exploration James Bay Inc., Newmont Northern Mining ULC (“Newmont”) and SOQUEM Inc. (“SOQUEM”) have agreed to transfer the Duquet Property (the “Property”) to Azimut.

Azimut: Corporate Update

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) is pleased to provide an update on its activities.

Azimut grants stock options

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) announces that a total of 580,000 stock options have been granted to its directors, officers and employees. Of this number, 540,000 have been granted to its directors and officers and 40,000 to its employees. These options have an exercise price of $0.20 per share and are exercisable during a 10-year period.

Azimut: Strategic Update

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to provide a strategic update on the Company. Azimut is a leading explorer in Northern Quebec – a vast region of 1.2 million square kilometres that is widely viewed as one of the most prospective and underexplored areas in Canada.

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2014

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September 29, 2014

Azimut’s airborne survey expands gold-polymetallic target at Nantais, Nunavik, Northern Quebec

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV : AZM) is pleased to report that its recent helicopter-borne geophysical survey completed on the Nantais Property (see press release of August 27, 2014) may significantly expand the gold-polymetallic mineralized corridor previously recognized on the property.

Azimut delineates major gold-polymetallic prospective zones at Rex South, Nunavik, Northern Quebec

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV : AZM) is pleased to report significant progress on the mineral potential assessment of its Rex South property following further analysis of the database acquired during the Company’s exploration programs. Rex South is a major 100%-owned property at the heart of the Quebec government’ss Plan Nord project. The geologic context of the property and associated mineralization type are, so far, unique in Northern Quebec and open considerable exploration perspectives for the region.

Azimut’s airborne survey identifies high-quality targets at Nantais (Au, Ag, Cu, Zn), Nunavik, Northern Quebec

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV : AZM) is pleased to report excellent results of a helicopter-borne geophysical survey recently completed on the Nantais Property (Au, Ag, Cu, Zn). The newly acquired results, combined with the presence of high-grade polymetallic prospects and strong geochemical anomalies in lake-bottom sediments, lead the Company to consider Nantais as an attractive ready-to-drill district-scale target.

Azimut commences an airborne geophysical survey at Nantais (Au, Ag, Cu, Zn), Nunavik, Northern Quebec

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV : AZM) is pleased to announce the start of a helicopter-borne geophysical survey on the Nantais Property (Au, Ag, Cu, Zn). The property covers an under-explored 20-km-long greenstone belt where Azimut had previously reported the discovery of a 3-km-long mineralized corridor, open in all directions. Azimut holds the largest exploration portfolio in Nunavik and is one of the leading mineral exploration companies in this region.

Azimut announces the closing of a $350,000 private financings

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV : AZM) announces the closing of a non-brokered private placement totalling $350,000 with SIDEX ($200,000) and SODÉMEX II ($150,000), both limited partnership companies.

Azimut’s partner Goldcorp commences targeting phase on the Wabamisk gold property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc (« Azimut ») (TSXV: AZM) is pleased to announce that its partner Goldcorp Canada Ltd (« Goldcorp ») (TSX: G) has begun a targeting phase on the Wabamisk property, with the objective of defining a new exploration program for 2014. This follows the discovery in 2013 of a new prospective area in the western part of the project where grab samples returned up to 12.45 g/t Au.

Azimut announces Hecla Quebec will start a diamond drilling program on the Opinaca A gold property, James Bay region

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) is pleased to report that Hecla Quebec Inc (“Hecla”), a wholly owned subsidiary of Hecla Mining Company (NYSE-HL) will start a 5-hole diamond drilling program totalling 1,200 metres on the Opinaca A property, adjacent to Goldcorp’s Eleonore gold mine in James Bay region of Quebec (see maps appended to the November 7, 2013 press release).

Azimut: Strategic Update

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) is pleased to provide an update on the Company’s advancement and to highlight its core strategy. Azimut holds the largest mineral exploration portfolio in Quebec.

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2013

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November 07, 2013

Hecla Mining renews its option on the Opinaca A & B gold properties, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) is pleased to report that Hecla Quebec Inc (“Hecla”), a wholly owned subsidiary of Hecla Mining Company (NYSE-HL) has announced its intent to renew for a third year its option on the Opinaca A & B gold properties located in the Eleonore mining camp, James Bay region, Quebec (see appended maps).

Azimut grants stock options

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) announces that a total of 710,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 640,000 have been granted to its directors and officers and 70,000 to its employees and consultants. These options have an exercise price of $0.19 per share and are exercisable during a 10-year period.

Azimut Exploration adopts advance notice By-Law

Longueuil, Quebec – Azimut Exploration Inc (the “Corporation” or “Azimut”) (TSXV: AZM) announces the adoption by its board of directors (the “Board”) of amendments to its By-Laws. By-Law 2013-1 includes a provision that requires advance notice to the Corporation in circumstances where nominations of persons for election to the Board are made by shareholders of the Corporation other than pursuant to (i) a requisition to call a shareholders meeting made pursuant to the provisions of the Business Corporations Act (Quebec) (the “QBCA”), or (ii) a shareholder proposal made pursuant to the provisions of the QBCA (the “Advance Notice Provision”).

Azimut expands its stake in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) announces that the Company has acquired by map staking three (3) new properties, the Qassituq, Kovik and Tasinga properties, for their copper and gold potential. Located in the Raglan region in Northern Quebec, these projects are the result of systematic data processing performed by Azimut over the entire region.

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2012

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November 19, 2012

Azimut’s partner Aurizon advances on the Opinaca A & B gold properties, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) announces that its partner Aurizon Mines Ltd (“Aurizon”) (TSX: ARZ) identified several new gold targets on the Opinaca A & B properties in 2012. The upcoming 2013 work program will include a diamond drilling phase. The Opinaca A & B properties are located near Goldcorp’s Eleonore gold mine under construction in the James Bay region of Quebec (see figure appended to press release dated June 12, 2012).

Azimut strengthens the Augossan Zone (Cu-W-Au-Ag) on its Rex South property, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) announces that the Company has received new results from an in-fill sampling program performed on the Augossan Zone on its wholly owned Rex South Property in Nunavik, Northern Quebec. The Augossan Zone returned Copper-Tungsten-Gold-Silver grades within a broad mineralized envelope measuring 7,000 metres long by 100 to 350 metres wide (see appended maps). The next phase of exploration will consist of additional drilling to follow up on previous drilling intersections and to test new targets.

September 18, 2012

Azimut announces Gold results on the Nantais Property in Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) announces encouraging results from an additional sampling program performed on its wholly owned Nantais Property in Nunavik, Northern Quebec. The results and geological context indicate an excellent potential for gold-rich polymetallic volcanogenic massive sulphide deposits. The next phase of exploration will consist of airborne geophysics, prospecting and possibly drilling.

September 13, 2012

Azimut obtains encouraging Copper-Gold results from the Copperton Zone on the Rex South property, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) announces that the Company has received encouraging results from its in-fill sampling program performed on the Copperton Zone on its wholly owned Rex South Property in Nunavik, Northern Quebec. The Copperton Zone returned consistent Copper-Gold-Silver grades within a known mineralized envelope measuring 3,500 metres long by 20 to 100 metres wide (see appended map). The next phase of exploration will consist of airborne geophysics and drilling.

September 11, 2012

Azimut completes exploration program along the Rex Trend in Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) reports that the Company has completed an intensive work program along the Rex Trend, comprising the Rex, Rex South an

June 12, 2012

Azimut: Strategic Update

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) is pleased to provide an update on the forthcoming 2012 exploration program and to restate the Company’s core strategy.

May 10, 2012

Azimut appoints Jacques Simoneau as Director

Longueuil, Quebec – Mr Dennis Wood, Chairman of the Board of Azimut Exploration Inc (“Azimut”) (TSXV: AZM), is pleased to announce the appointment of Dr Jacques Simoneau to the company’s Board of Directors, effective immediately. Dr Simoneau brings a broad experience in business financing and a strong business development vision.

May 08, 2012

Azimut confirms Copper-Gold potential on NCG Property, Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) reports encouraging exploration results from the summer 2011 program on its 100%-owned Nunavik Copper Gold (“NCG”) property in Nunavik, northern Quebec. The program of first reconnaissance work on the NCG project led to the discovery of at least 20 new prospects with significant gold, copper, molybdenum and/or tungsten grades. In addition, a detailed lake geochemical survey identified new high-quality targets. The 2012 field program is currently being prepared.

April 19, 2012

Azimut reports on gold results from the Nantais Project, Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) reports encouraging gold results from the late summer 2011 prospecting program on its 100%-owned Nantais property in Nunavik, northern Quebec. The project is located about 80 km south of Xstrata’s world-class Raglan nickel mine and 115 km southwest of the Inuit village of Kangiqsujuaq. A follow-up program is being planned for this summer to further assess the property’s potential.

April 04, 2012

Azimut reports district-scale Gold-Copper-Tungsten results at Rex South, Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) reports that its partner Aurizon Mines Ltd (“Aurizon”) (TSX: ARZ) obtained encouraging results following a major exploration program performed in 2011 on the Rex South property. At least 30 mineralized zones and prospects were discovered or extended. Channel sampling and first-phase reconnaissance drilling on the Augossan Zone returned numerous mineralized intercepts which merit further follow-up. The 2012 field program is currently being prepared.

March 02, 2012

Azimut: Extension of Expiry Date of Warrants

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) announces that subject to required regulatory approvals, it will extend until March 19, 2013 the expiry date of a total of 2,666,664 warrants.

February 09, 2012

Azimut reports on IOCG mineralized systems at REX, Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) is pleased to report the results of its 2011 summer exploration program on its 100%-owned Rex property, located in Nunavik, Northern Quebec. A key result is the confirmation by drilling of wide IOCG-type mineralized systems on the RBL and CM zones, each multi-kilometre-long copper targets discovered by prospecting in 2010 and further defined by ground geophysics. The Rex property (5,778 claims; 120 km long) (see Figure 1), one of three major wholly-owned properties, is part of an emerging polymetallic district largely controlled by Azimut. The Company is preparing the 2012 field program.

February 2, 2012

Azimut appoints Roger Walsh as Senior Consultant

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) is pleased to announce the appointment of Mr. Roger Walsh as Senior Consultant Business Development. Mr. Walsh’s principal mandate will be to support Azimut’s corporate growth through further development of its partnership strategy.

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2011

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December 5, 2011

Azimut receives $957,870 in Warrants Exercise

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) announces that it has recently received an amount of $957,870 resulting from the exercise of 1,435,185 common share purchase warrants

November 29, 2011

Azimut wins Quebec Prospector of the Year Award

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) is pleased to announce it has received the prestigious Prospector of the Year Award during the recent Quebec Exploration Convention organized by the Association de l’exploration minière du Québec (AEMQ) and the Ministère des ressources naturelles et de la faune du Québec (MRNF).

October 31, 2011

Azimut and Aurizon expand district-scale polymetallic discovery at Rex South, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) and its partner Aurizon Mines Ltd (“Aurizon”) (TSX: ARZ) have received the first set of results from the major exploration program performed in 2011 on the Rex South property. The program successfully led to the discovery of several new mineralized zones. The Rex South property is emerging as a new mineral district with strong potential for a number of gold, strategic and base metal deposits along a 30-km trend in Northern Quebec.

October 18, 2011

Azimut’s partner Goldcorp exercises its second option on the Wabamisk gold property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSXV: AZM) announces that its partner Goldcorp Canada Ltd (“Goldcorp”) (TSX: G) has exercised its second option on the Wabamisk property, allowing Goldcorp to earn an additional 19% interest in the property upon delivery of a bankable feasibility study. Goldcorp recently earned a 51% interest in the property after completing its first option. A new exploration program is currently planned by Goldcorp and will start later this fall.

October 13, 2011

Azimut and its partner Aurizon complete major exploration programs in Nunavik, Northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”)(TSXV: AZM) and Aurizon Mines Ltd (“Aurizon”)(TSX: ARZ) have successfully completed three major summer work programs in Nunavik, Northern Quebec. These programs were conducted on the Rex and NCG properties (100% Azimut) and the Rex South property (100% Azimut, optioned to Aurizon). Analytical results will be released in a timely manner.

July 22, 2011

Azimut discovers a new copper-molybdenum zone at Rex, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) announces the discovery of a new mineralized 1.5-km-long copper-molybdenum zone on its 100% owned Rex property in Nunavik, northern Quebec. This latest zone (the Robinson Zone) further supports the excellent exploration potential for large-scale polymetallic deposits in a region considered by Azimut to be a new mineral belt of major importance.

June 1st, 2011

Azimut defines Copper-Nickel and Rare Earth targets at Diana, Nunavik, northern Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut” or “the Company”) (TSXV: AZM) reports excellent results from its 100%-owned Diana property in Nunavik, northern Quebec. Strong and extensive anomalies in lake-bottom sediments from the property include copper (up to 1,010 ppm Cu), nickel (up to 549 ppm Ni), cobalt (up to 260 ppm Co), and combined rare earth elements (REE) and yttrium (up to 1,218 ppm REE+Y). Supported by magnetic and geological data, these geochemical anomalies delineate several highly prospective targets.

May 19, 2011

Azimut finds high-grade chromium mineralization at Eastmain West, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) reports excellent results from its 100%-owned Eastmain West property located in the James Bay region, Quebec. Chromium grades up to 39% Cr2O3 and platinum group element (PGE) values up to 1.9 g/t PGE have been obtained within a 4-km-long ultramafic intrusion on the property. These new data further confirm the strong chromium-PGE exploration potential of the project.

May 17, 2011

Azimut announces the start of ground geophysics on the Rex and Rex South properties in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) reports that ground-based geophysical surveys have begun on the Rex and Rex South properties to better define high-quality polymetallic drilling targets. Surveying will comprise 115 line-kilometres of induced polarization (IP) and 278 line-kilometres of magnetics to be performed on the two properties. This phase of work is in preparation for the 10,000-metre drilling program scheduled to start early this summer, which will include 3,000 metres of drilling at Rex and 7,000 metres at Rex South.

March 31, 2011

Azimut controls a 330-kilometre Copper-Gold trend in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) (TSXV: AZM) announces it has now completed the acquisition of what it considers to be an outstanding exploration domain for large-scale polymetallic deposits, including copper, gold, tungsten and rare earths, in Nunavik, northern Quebec.

March 18, 2011

Azimut closes a $5,800,000 non-brokered private placement

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV-AZM) announces the closing of a non-brokered private placement of $5,800,000 with a group of accredited investors, including the Chairman and a director of Azimut, and two (2) institutional funds.

March 2, 2011

Azimut increases non-brokered private placement

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) reports that the non-brokered private placement announced on March 1st, 2011 has been increased by $600,000 in Units. The placement will now consist of Units aggregating $4,800,000 and Flow-Through Common Shares aggregating $1,000,000, for a total of $5,800,000. The placement will be made with a group of accredited investors and two (2) institutional funds. All other terms pertinent to the financing which have been disclosed in the March 1st, 2011 press release remain the same.

March 1st, 2011

Azimut announces a $5,200,000 non-brokered private placement

Longueuil, Québec – Azimut Exploration Inc. (“Azimut”) (TSXV: AZM) announces a non-brokered private placement of an amount of up to $5,200,000 with a group of accredited investors. The placement will consist of Units aggregating $4,200,000 and an additional $1,000,000 of Flow-Through Common Shares.

February 23, 2011

Azimut identifies new Copper and Rare Earth Element exploration targets at REX, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) (TSX-V: AZM) announce that five (5) new major copper and rare earth element (REE) exploration target areas have been identified on the REX property following the interpretation of comprehensive lake-bottom sediment geochemical and airborne geophysical surveys performed on the property in 2010. Discoveries during the 2010 field program included the RBL Zone and the CM Zone—two multi-kilometre Iron Oxide Copper Gold (“IOCG”) mineralized systems—as well as other significant copper-gold prospects.

February 22, 2011

Azimut further defines major Copper and Gold exploration targets at Rex South, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc (“Azimut”) announces the improved definition of four (4) major copper and gold exploration target areas on the Rex South property following the interpretation of property-wide lake-bottom sediment geochemical and airborne geophysical surveys performed in 2010.

February 15, 2011

Azimut and Aurizon re-evaluate tungsten values on the Copper-Gold Augossan Zone at Rex South, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and Aurizon Mines Ltd. (“Aurizon”) announce that high tungsten grades, up to 4.62% W, have been received for check analyses performed on 37 tungsten-bearing grab samples collected during the 2010 field program on the Rex South property, Nunavik, Quebec. An average grade increase of 130% was obtained compared to previous results. The difference is due to the use of the more accurate X-ray fluorescence method of analysis on samples previously analysed by ICP (see below for more details).

January 17, 2011

Azimut grants stock options

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) announces that a total of 450,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 410,000 have been granted to its directors and officers and 40,000 to its employees and consultants. These options have an exercise price of $0.80 per share and are exercisable during a 10-year period.

January 12, 2011

Azimut’s partner Aurizon accelerates exploration at Rex South (Gold-Silver-Copper-Tungsten) in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or “the Company”) is pleased to report that its partner Aurizon Mines Ltd. (“Aurizon”) will invest a total of $5.1 million in exploration work in 2011 on two (2) properties under option agreement with the Company, including $4.1 million on the Rex South property.

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2010

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December 21, 2010

Azimut and Dynasty sign a Letter of Intent for the Opinaca D gold property, James Bay, Quebec

Longueuil, Quebec. – Azimut Exploration Inc (“Azimut”) is pleased to announce the signing of a Letter of Intent with Dynasty Gold Corp. (“Dynasty”) (TSX-V: DYG) (FWB: D5G) regarding the Opinaca D property in the emerging Eleonore gold mining camp in the James Bay region, Quebec. Dynasty can acquire an initial 50% interest in the project by conducting $3.2 million in exploration work over a four (4)-year period, and an additional 15% interest upon delivery of a bankable feasibility study. A drilling program is planned for 2011 to test already defined high-quality targets.

December 20, 2010

Azimut reports major progress in Nunavik

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) is pleased to report on significant assay results obtained during the 2010 field exploration programs conducted on the Rex Property and Rex South Property located in Nunavik, northern Quebec (see attached map). On both properties, which cover a 160-km emerging mineralized district, the discovery of several kilometre-long polymetallic mineralized zones (most notably for gold, silver, copper and/or tungsten) has been announced with the press releases of October 13, October 20 and November 8, 2010. Drilling will start in 2011 with the objective of assessing large-scale surface and high-quality exploration targets.

November 23, 2010

Azimut: conversion of debentures into shares by two directors

Longueuil, Quebec. Azimut Exploration Inc. (“Azimut” or the “Company”) announces that two insiders of the Company, Mr. Dennis Wood and Mr. Jean-Charles Potvin, have exercised their right of conversion under their convertible debentures in the amount of $300,000 in the case of Mr. Wood and of $40,000 in the case of Mr. Potvin (collectively, the “Debentures”) issued by Azimut on November 20, 2008 (see press release dated November 21, 2008). In total, Azimut will issue 629,629 units for the reimbursement of the outstanding capital on the Debentures. Each unit is comprised of one common share at a price of $0.54 per share and one share purchase warrant, each warrant entitling them to acquire one additional common share of Azimut at a price of $0.65 per share until November 20, 2011.

November 12, 2010

Azimut: conversion of a debenture into shares and warrant exercises totalling $382,176

Longueuil, Quebec. Azimut Exploration Inc. (“Azimut”) announces that two Quebec institutional funds, the Société d’investissement dans la diversification de l’exploration (“SIDEX”) and the Société de développement des entreprises minières et d’exploration II (“SODÉMEX II”), have exercised their warrants for total proceeds of $382,176 in exchange of 587,963 common shares of Azimut.

November 11, 2010

Press Release

Longueuil, Quebec – On behalf of the Board of Directors of Azimut Exploration Inc. (“Azimut” or the “Company”), Dennis Wood, Chairman of the Board, announces with great sadness the sudden passing of Pierre Toth, one of the Company’s directors.

November 08, 2010

Azimut and Aurizon discover major polymetallic porphyry-type mineralization (Gold-Silver-Copper-Tungsten) at Rex South, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and Aurizon Mines Ltd. (“Aurizon”) are pleased to announce the discovery of a major gold-silver-copper-tungsten mineralized zone on the Rex South property in Nunavik, Northern Quebec. Twenty (20) other significant mineralized prospects have also been identified on the property.

October 20, 2010

Azimut: New results confirm REX discovery

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces excellent new results for its 100% owned REX property in Nunavik, Quebec. The results for another 501 rock grab samples from the summer exploration program, which include copper grades up to 11.3% Cu, further substantiate the discovery of district-scale copper (gold, silver) mineralization on the REX property, as initially described in the press release of October 13, 2010.

October 13, 2010

Azimut discovers district-scale copper (gold, silver) mineralization at REX, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) is pleased to announce a major copper (gold, silver) discovery on its 100%-owned REX property in Nunavik, Quebec. The mineralization, which occurs over a largely outcropping zone several kilometres long and about 100 metres wide or more, was discovered during an initial exploration program conducted on the property this summer. Results received to date, including copper grades up to 10.7 % Cu in grab samples, reveal the RBL Zone as a very attractive drilling target. Furthermore, at least five (5) other kilometre-scale prospects yielded significant grades for copper (up to 4.4 % Cu), gold (up to 16.1 g/t Au), silver (up to 196.0 g/t Ag) and cobalt (up to 0.19% Co).

October 07, 2010

Azimut and Aurizon complete comprehensive work program at Rex South, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and Aurizon Mines Ltd. (“Aurizon”) have successfully completed a major work program on the Rex South property located in Nunavik, Quebec. Rex South has excellent gold potential combined with polymetallic exploration targets, most notably for copper and rare earth elements (see Azimut press releases dated May 18 and May 26, 2010). Results are pending.

September 28, 2010

Azimut completes comprehensive work program at REX, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) has successfully completed a major work program on its wholly owned REX property located in Nunavik, Quebec. Azimut’s management believes the REX property has excellent exploration potential, most notably for Iron Oxide Copper Gold (IOCG-type) mineralization (see press release of March 4, 2010). Results are pending.

September 21, 2010

Azimut: 3,300-m drilling program underway at Eleonore South

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces that a 3,300-metre diamond drilling program is underway at the Eleonore South Joint Venture project, located in the James Bay region of Quebec. This $1.6 million program is entirely funded by partners Les Mines Opinaca Ltée (“Opinaca”), a wholly-owned subsidiary of Goldcorp Inc., and Eastmain Resources Inc.(“Eastmain”).

September 16, 2010

Azimut, Aurizon and Everton sign a Letter of Intent for the Opinaca gold property, James Bay region, Quebec

Longueuil, Quebec. Azimut Exploration Inc (“Azimut”) announces the signing of a Letter of Intent with Aurizon Mines Ltd (“Aurizon”) and Everton Resources Inc (“Everton”) whereby Aurizon can acquire up to a 60% undivided ownership interest in the Opinaca property in the James Bay region, 350 kilometres north of Matagami, Quebec. The Opinaca property is currently owned by Azimut and Everton with an undivided interest of 50% each, and comprises the A, A East, B and B North claim blocks for a total of 649 mining claims covering 338 km2.

September 14, 2010

Azimut reports encouraging drilling results on the Wabamisk Gold Property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) reports that Goldcorp Canada Ltd (“Goldcorp”) completed an 8-hole diamond drilling campaign totalling 2,008 metres on two (2) gold targets on the Wabamisk property. A key result was the discovery of a gold-antimony-arsenic mineralized zone associated with a diorite intrusion and metasedimentary rocks. The best intercept returned 2.27 g/t Au over 4.3 m (core length) within a large envelope of 0.7 g/t Au, 0.39% Sb and 0.20% As over 19 m.

July 7, 2010

Azimut and Aurizon begin $1.5-million exploration program at the Rex South Property (Gold-Copper-REE) in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and Aurizon Mines Ltd. (“Aurizon”) are starting a $1.5-million exploration program on the Rex South property, a project with strong exploration potential for gold, copper and rare earth elements (REE). The objective of the 2010 summer program is to validate the overall potential of the property through surface prospecting supported by systematic geophysical and geochemical surveys.

June 21, 2010

Azimut starts $1.8-million exploration program at the REX Property (Copper-REE) in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) is starting a $1.8-million exploration program on its wholly owned REX property, a project with excellent polymetallic exploration potential most notably for copper and rare earth elements (REE). The objective of the 2010 summer program is to validate the overall potential of the property through surface prospecting supported by systematic geophysical and geochemical surveys.

June 1st, 2010

Azimut: $1.6 million drilling program at Eleonore South in 2010

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces that its partners Les Mines Opinaca Ltée (“Opinaca”), a wholly-owned subsidiary of Goldcorp Inc., and Eastmain Resources Inc. (“Eastmain”) will fund a $1.6 million gold exploration program in 2010 on the Eleonore South property in the James Bay region of Quebec. This program will consist of 3,300 metres of diamond drilling.

May 26, 2010

Azimut and Aurizon sign a Letter of Intent for the Rex SouthProperty (Gold-Copper-Rare Earth Elements), Nunavik, Quebec

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) announces the signing of a Letter of Intent with Aurizon Mines Ltd. (“Aurizon”) regarding the Rex South property, a major exploration project for gold, copper and rare earth elements. The property comprises 1,274 claims covering a surface area of 555 km2 in Nunavik, Quebec, about 145 km southeast of the community of Puvirnituq (see press release of May 18, 2010).

May 25, 2010

Azimut: Valencia Ventures options the Diana property (Copper-Cobalt-Rare Earth Elements) in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) is pleased to announce that its partner 2227352 Ontario Inc. (a private Ontario company) has reached an agreement with Valencia Ventures Inc. (“Valencia”) regarding the Diana property. Wholly owned by Azimut, Diana is a major exploration project for copper, cobalt and rare earth elements (REE) in Nunavik, Quebec, about 40 km northwest of the town of Kuujjuaq (see press release of February 18, 2010).

May 18, 2010

Azimut stakes a large Gold-Copper-Rare Earth Element exploration target in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) reports that it has staked a large gold, copper and rare earth element exploration target in Nunavik, Quebec. This area, now forming the Rex South property, displays a strong exploration potential based on the combination of the following factors:

April 20, 2010

Azimut and Everton: Partners at 50% on the Opinaca A and B gold properties, James Bay region, Quebec

Longueuil, Quebec. Azimut Exploration Inc. (“Azimut”) is pleased to announce that its partner Everton Resources Inc. (“Everton”) has earned its 50% interest on the Opinaca A and B gold properties in the vicinity of the Eleonore gold deposit, James Bay region, Quebec. Exploration work performed by Everton and Azimut since 2005 led to the discovery of significant gold mineralization, including the Charles, Smiley and Inex prospects at Opinaca A, and the Dominic and Claude prospects at Opinaca B, for which results were previously reported. The Claude prospect notably delivered a drilling intercept of 0.21 g/t Au over 186.8 m, including 1.0 g/t Au over 21.5 m. Several attractive well-defined targets remain untested by drilling on the two properties.

April 19, 2010

Azimut: Conversion by SIDEX of its debenture

Longueuil, Quebec. Azimut Exploration Inc. (“Azimut”) announces that on March 25, 2010, SIDEX exercised its conversion right on the balance of a loan (see press release dated November 21, 2008) in the amount of $250,000 together with accrued interest totaling $10,273.97. Thus, upon approval of the TSX Venture Exchange, the company will issue to SIDEX a total of 477,847 units at an average price of $0.5447 per unit, each consisting of one (1) common share and a warrant having an exercise price of $0.65 and valid until November 20, 2010.

March 17, 2010

Azimut: Goldcorp starts drilling program at Wabamisk, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) reports that Goldcorp Canada Ltd. (“Goldcorp”) has started a 2,000-metre drilling program on three (3) gold targets on the Wabamisk gold property.

March 09, 2010

Azimut grants stock options

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) announces that a total of 490,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 455,000 have been granted to its directors and officers and 35,000 to its employees and consultants. These options

March 04, 2010

Azimut: Large IOCG footprint recognized at the REX Property in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces that further examination of the existing regional-scale geoscientific database covering the REX property area has led to the recognition of a large Iron Oxide Copper-Gold (“IOCG”) target on the property

February 23, 2010

Azimut signs a Letter of Intent for the Diana Property (Copper–Cobalt–Rare Earth Elements), Nunavik, Quebec

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) announces the signing of a letter of intent with 2227352 Ontario Inc. (“the Partner”) regarding the Diana property, a major exploration project for copper, cobalt and rare earth elements. This property, which comprises 524 claims covering a surface area of 237 km2, is located in Nunavik, Quebec, about 40 km northwest of the town of Kuujjuaq (see press release of February 18, 2010).

February 18, 2010

Azimut stakes a large Copper–Cobalt–Rare Earth Element exploration target in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) reports that it has acquired by map staking a large copper, cobalt and rare earth element (REE) exploration target in Nunavik, Quebec. This target, now forming the Diana property, is best defined by a strong, 45-km-long, multi-element geochemical footprint in lake-bottom sediments. The property is well positioned, just 40 km northwest of the town of Kuujjuaq and about 50 km southwest of the Ungava Bay shoreline.

January 07, 2010

Azimut: Update on the Eleonore South Property

Longueuil, Québec – Azimut Exploration Inc. (“Azimut”) reports results from the fall diamond drilling program at its Eleonore South joint-venture project with Les Mines Opinaca Ltée, a wholly-owned subsidiary of Goldcorp Inc. (“Goldcorp”), and Eastmain Resources Inc. (“Eastmain”). Fourteen (14) drill holes totalling 3,697 m were completed to test the JT Target area as well as two (2) other priority targets on the property. In the JT Target area, 9 out of 12 holes intersected gold-bearing sedimentary rocks over wide intervals, along a one-kilometre-long corridor.

January 05, 2010

Azimut closes a $500,000 private financing

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) announces the closing of a non-brokered private placement totalling $500,000 with a US-based subscriber.

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2009

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December 18, 2009

Azimut closes a $2,876,125 private financing

Longueuil, Québec – Azimut Exploration Inc. (“Azimut”) announces the closing of a $2,876,125 private placement of 767,500 units of Azimut at a price of $0.75 per unit and 2,675,000 flow-through shares at a price of $0.86 per share. The placement was made through Desjardins Securities Inc., as agent (“Desjardins” or the “Agent”).

December 09, 2009

Azimut Announces Issuance of Shares for Debt

Longueuil, Québec. Azimut Exploration Inc. (“Azimut”) announces that, subject to regulatory approval, including that of the TSX Venture Exchange, it will issue an aggregate of 83,430 common shares in payment of an aggregate amount of $51,392.82 of debt, representing the six-month period interest payment due on debentures and a loan agreement. The shares will be issued by Azimut at a deemed price of $0.616 per share.

December 08, 2009

Azimut identifies uranium and high-grade REE on the Kativik property in Nunavik, Quebec

Longueuil, Quebec. Azimut Exploration Inc. (“Azimut”) announces the discovery of significant prospects on the Kativik property, 100% owned by Azimut and optioned to Nemaska Exploration Inc. (“Nemaska”).

December 04, 2009

Gold-Silver-Copper prospects staked by Azimutexpand the REX Property in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces the staking of 817 additional claims in the immediate vicinity and along the extensions of the REX property (see press release of November 23, 2009). Several of the new map-staked areas include previously recognized high-grade gold-silver-copper and copper-cobalt prospects. These prospects further confirm the mineral endowment and strong exploration potential of the REX property, a large rare earth element (REE) and copper target. Azimut has now acquired a controlling land position in this highly prospective but largely under-explored region of Nunavik.

December 01, 2009

Azimut announces a $3,000,000 private placement

Longueuil, Québec – Azimut Exploration Inc. (“Azimut”) is pleased to announce that it has engaged Desjardins Securities Inc. to act as Agent (“Desjardins” or the “Agent”) for a private placement of approximately $3,000,000 in units and flow-through shares (the “Offering”). The Issuer has also granted the Agent an option entitling it to purchase up to an additional 15% of the Offering at the issue price exercisable until 24 hours prior to closing of the offering.

November 23, 2009

Azimut stakes a major Rare Earth Element–Copper exploration target in Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) is pleased to report that it has identified a major rare earth element (REE) and copper exploration target in Nunavik, Quebec. This target, now forming the REX property, displays one of the strongest and most extensive geochemical footprints for REE at the scale of both Quebec and Labrador. Azimut considers that this footprint is best explained by the presence of a significant REE mineralized system on the property. The target was identified following a systematic mineral potential assessment of the entire province of Quebec and Labrador.

November 12, 2009

Azimut’s partner Goldcorp makes progress on the Wabamisk gold property, James Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) reports that its partner Goldcorp Inc. (“Goldcorp”) has made progress with the 2009 exploration program on four (4) gold targets and one (1) copper-zinc-silver target on the Wabamisk property. A follow-up program consisting of 2,000 m of diamond drilling is being considered for the upcoming winter season.

November 05, 2009

Strong uranium potential supported by channel sample results at Azimut’s North Rae and Daniel Lake properties, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) reports positive results following a summer 2009 exploration program on its 100% owned North Rae and Daniel Lake properties in the Ungava Bay region of Nunavik, Quebec. Channel sampling on six (6) of the twelve (12) known uranium-mineralized outcrop zones includes the following results:

October 6, 2009

Azimut advances on its North Rae and Daniel Lake Uranium properties, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. announces it has recently completed an exploration program to advance its 100% owned North Rae and Daniel Lake properties located in the Ungava Bay region of Nunavik, Quebec. Twelve (12) uranium-bearing mineralized zones with a cumulative length of 17 km have been discovered at surface on these properties during previous exploration programs (see press release of February 19, 2009).

September 1st, 2009

Azimut: Drill Program underway at Eleonore South JV

Longueuil, Quebec – Azimut Exploration Inc. announces that a 3,500-metre drill program is underway at its Eleonore South property. Les Mines Opinaca Ltée (a wholly-owned subsidiary of Goldcorp Inc.; “Goldcorp”) and Eastmain Resources Inc. (“Eastmain”) are funding this $1.6-million exploration program, which is designed to drill-test a sedimentary-hosted discovery at the JT gold zone as well as other priority targets on the property. Azimut has reviewed and approved the current drill program. While it has decided not to contribute at this time, the Company may decide to participate in future work, depending on the results.

August 19, 2009

Azimut announces the closing of a $300,000 private financing

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) announces the closing of a non-brokered private placement totalling $300,000 with SIDEX, a limited partnership company ($150,000), The Fonds régional de solidarité FTQ Nord-du-Québec ($100,000) and Mr. Dennis Wood, Azimut’s Chairman of the Board ($50,000).

July 30, 2009

Azimut announces the closing of a $250,000 private financing

Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) announces the closing of a non-brokered private placement totalling $250,000 with Sodémex II, a limited partnership company ($150,000), and The Solidarity Fund QFL ($100,000).

July 27, 2009

Azimut issues common shares to NWT Uranium Option agreements in respect of the North Rae and Daniel Lake Properties terminated

Longueuil, Quebec – Azimut Exploration Inc. (TSX-V : AZM) (“Azimut”) announces that it has completed the issuance of a total of 1,800,000 common shares to NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) (“NWT”) in connection with the termination of the option agreements previously granted by Azimut to NWT in respect of the North Rae and Daniel Lake properties located in the Ungava Bay region, Nunavik, Quebec (see press release of July 9, 2009).

July 09, 2009

Azimut regains the North Rae and Daniel Lake Properties

Longueuil, Quebec – Azimut Exploration Inc. (TSX-V : AZM) (“Azimut”) and NWT Uranium Corp. (TSX-V: NWT; OTCBB: NWURF) (“NWT”) have concluded a definitive agreement to terminate the option agreements previously granted by Azimut to NWT in respect of the North Rae and Daniel Lake properties located in the Ungava Bay region, Nunavik, Quebec. The two properties are comprised of 1,853 and 972 claims respectively, covering areas of 827 km2 and 440 km2.

April 16, 2009

Azimut’s partners fund a $1.6 million drilling program at Eleonore South

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces that its partners Les Mines Opinaca Ltée (“Opinaca”), a wholly-owned subsidiary of Goldcorp Inc. (“Goldcorp”), and Eastmain Resources Inc. (“Eastmain”) will fund a $1.6 million exploration program in 2009 on the Eleonore South property located in the James Bay region, Quebec. This program will mostly consist of a 3,500 m drilling program to test sediment-hosted gold targets. Azimut has reviewed and approved the technical program but has decided not to contribute to it.

April 14, 2009

Azimut grants stock options

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) announces that a total of 590,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 565,000 have been granted to its directors and officers and 25,000 to its employees and consultants. These options have an exercise price of $0.34 per share and are exercisable during a 10-year period.

April 08, 2009

Azimut and Rukwa discover uranium mineralization grading up to 1.21% U3O8 at North Minto and South Minto, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and its partner Rukwa Uranium Ltd (“Rukwa”) report encouraging results for their 2008 field program at the North Minto and South Minto properties in Nunavik, Quebec. The highlight of the program was the discovery of a high grade prospect related to a regional-scale structure, yielding up to 1.21% U3O8 with a U/Th ratio of 25,600. This target, which warrants a priority follow-up, may represent a major late-stage structurally-controlled mineralized system.

April 02, 2009

Azimut: Strategic and Corporate Update

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut” or “the Company”) is pleased to provide corporate information and an update on its business strategy. In the current challenging economic context, Azimut would like to restate the fundamentals of the Company. Azimut is very well positioned to capitalize on Quebec’s outstanding business environment, the Company’s distinctive exploration targeting methodology, and its strong exploration results for uranium and gold.

February 24, 2009

Azimut and Abitex report encouraging uranium results on the Kangiq property, Nunavik, Quebec

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) and its partner Abitex Resources Inc. (“Abitex”) report encouraging results following a first reconnaissance program performed in 2008 on the Kangiq property in Nunavik, Quebec. Several uranium prospects, with grades up to 0.94% U3O8, have been identified, including the on-property extension of the Puqila Zone that had been previously identified on the adjacent Daniel Lake property (see appended map). These results further confirm the region’s large-scale uranium mineralized system discovered in 2006. Results obtained concurrently by AREVA on their Cage project independently validate the uranium potential of this 80 x 200 km region.

February 19, 2009

Azimut reports significant progress on the North Rae and Daniel Lake properties, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) report significant progress following the 2008 field program on the North Rae and Daniel Lake properties in Nunavik, Quebec. Results further confirm the large-scale uranium mineralized system discovered in 2006 on these two properties covering a 50 x 60 km area. To date, 12 mineralized zones have been outlined at surface with a cumulative length of 17 km and grades up to 3.3% U3O8. These zones show an excellent spatial correlation with uranium anomalies identified during airborne surveys covering the two properties. Azimut believes that the overall uranium potential of the region is well represented by the airborne uranium footprint (see appended map). Many such targets have yet to be field-tested. Results obtained concurrently by AREVA on their Cage project independently validate the uranium potential of this 80 x 200 km region.

January 30, 2009

Azimut’s partner Goldcorp to drill at Wabamisk, James Bay region

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) reports that its partner Goldcorp Inc. (“Goldcorp”) will start a 2,800-metre diamond drilling program in early February to test several quality gold targets on the Wabamisk property in the James Bay region, Quebec. Wabamisk is located 70 km south of Goldcorp’s Eleonore property that hosts the Roberto gold deposit. Azimut considers that the Wabamisk property shares several characteristics with Eleonore, particularly the presence of gold-enriched altered metasedimentary rocks occurring in the vicinity of the contact between the La Grande and Opinaca geological subprovinces.

January 28, 2009

Azimut and Abitex discover mineralization with more than 40% Cu and up to 0.67% U3O8 at South Bienville, Nunavik, Quebec

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) and its partner Abitex Resources Inc. (“Abitex”) report encouraging results from their summer 2008 exploration program at the South Bienville property in Nunavik, Quebec. A prospecting program assessed target areas that were previously defined using the positive results obtained from the 2007 exploration work, which included anomalous uranium values (up to 841 ppm U) in lake-bottom sediments, helicopter-borne geophysics, and ground-based prospecting (press release of October 30, 2007).

January 22, 2009

Azimut and Abitex discover uranium mineralization grading up to 0.65% U3O8 at Central Minto, Nunavik, Quebec

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) and its partner Abitex Resources Inc. (“Abitex”) report encouraging results from their 2008 exploration program at the Central Minto property in Nunavik, Quebec. Last summer’s one-week initial prospecting work involved the preliminary assessment of two strong targets with a cumulative length of 30 km, which were recognized during the 2007 program (press release of April 3, 2008).

January 21, 2009

Azimut provides an update on the Eleonore South property

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) announces that Les Mines Opinaca Ltée (“Opinaca”), a wholly-owned subsidiary of Goldcorp Inc., will terminate its right to increase its interest by 6.67% in the Eleonore South project in favour of proceeding with future exploration as a joint venture. As a final option payment on the property, Azimut will receive a payment of $100,000: $80,000 from Eastmain Resources Inc. (“Eastmain”) and $20,000 from Opinaca. Project owners are: Azimut 33.33%, Opinaca 33.33% and Eastmain 33.34%. In 2009, Eastmain will propose and carry out a new exploration program, including diamond drilling, as operator and manager of the joint venture. The approved program will require funding by all partners in order to maintain their ownership.

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2008

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December 18, 2008

Azimut and Silver Spruce report positive results at Hudson Bay, Quebec, with grades up to 3.01% U3O8

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) and its partner Silver Spruce Resources Inc. (“Silver Spruce”) report positive uranium results from their summer 2008 exploration program at the Hudson Bay property in Nunavik, Quebec. A one-month prospecting program assessed target areas that were previously defined by anomalous uranium values (up to 1,950 ppm) in lake-bottom sediments and helicopter-borne geophysics (press release of April 22, 2008).

December 10, 2008

Azimut announces the closing of a $2,040,000 financing

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut” or “the Company”) announces the closing of a non-brokered private placement financing totalling $2,040,000 with Quebec-based institutions and certain of Azimut’s board members. The closing of the first tranche of $1,900,000 was announced on November 21, 2008 and this second tranche of $140,000 closes this financing. The gross proceeds will be used for general purposes, technical work and business development.

November 21, 2008

Azimut announces the closing of the first tranche of a $2,040,000 non-brokered private financing

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut” or “the Company”) announces the completion of the first tranche of a non-brokered private placement financing totalling $1,900,000 with Quebec-based institutions and certain of Azimut’s board members. The first remaining $140,000 financing is expected to be completed next week. The gross proceeds will be used for general purposes, technical work and business development.

November 07, 2008

Azimut and NWT Uranium further extend the closing date of the Termination Agreement on the North Rae and Daniel Lake properties

Longueuil, Quebec – November 7, 2008 – Azimut Exploration Inc. (“Azimut”) and NWT Uranium Corp. (“NWT”) announce that they have mutually agreed to further extend to December 31, 2008 the closing date for completing the transaction contemplated in the Termination Agreement in respect of the North Rae and Daniel Lake properties located in Nunavik, Quebec. The termination of these two option agreements, previously granted by Azimut to NWT, was originally announced by a press release on July 7, 2008.

October 15, 2008

Azimut: Exploration Update

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut” or “the Company”) reports that, despite the recent stock market downturn, the Company’s outlook remains strong. Azimut is one of the leading exploration companies in Quebec, a region recognized worldwide for its exploration attractiveness. Since early 2008 and throughout the summer season, 18 distinct mineral exploration programs have been performed on Azimut’s properties across Quebec, including 16 partner-funded programs totalling $10 million.

October 06, 2008

Press Release Azimut and NWT Uranium extend the closing date of the Termination Agreement on the North Rae and Daniel Lake properties

Longueuil, Quebec – October 6, 2008 – Azimut Exploration Inc. (“Azimut”) and NWT Uranium Corp. (“NWT”) announce that they have mutually agreed to extend to November 6, 2008 the closing date for completing the transaction contemplated in the Termination Agreement in respect of the North Rae and Daniel Lake properties located in Nunavik, Quebec. The termination of these two option agreements, previously granted by Azimut to NWT, was originally announced by a press release on July 7, 2008.

September 11, 2008

Azimut and Majescor uncover regional-scale uranium potential at West Minto, Nunavik, Quebec, with grades up to 0.90% U3O8

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) and its partner Majescor Resources Inc. (“Majescor”) report encouraging results from their summer 2008 exploration program at the West Minto property in Nunavik, Quebec. A 10-day prospecting program allowed for a preliminary assessment of 17 kilometric-scale target areas that were previously defined by helicopter-borne geophysics (press release of October 11, 2007). Uranium mineralization was discovered in outcrops (6 samples with assays up to 0.90% U3O8 or 19.8 lbs/t) and boulders (49 samples with assays up to 0.32% U3O8 or 7.0 lbs/t). These results, which correlate well with the helicopter-borne target areas, validate the uranium exploration potential of the property within a corridor at least 40 km long.

September 03, 2008

Azimut outlines an extensive radioactive zone at Daniel Lake

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) reports the prospecting discovery of a 6-km-long radioactive zone on its Daniel Lake property in the eastern part of the Ungava Bay region of Nunavik, Quebec.

September 02, 2008

Azimut: Update on Opinaca A and B, James Bay region, Quebec

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) and its partner Everton Resources Inc. (“Everton”) report results of the winter/spring 2008 drill program on the Opinaca A and B gold properties.

August 26, 2008

Azimut Obtains Receipt for Preliminary Short Form Prospectus

Not for distribution to U.S. newswire services or for U.S. dissemination

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announced today that the Autorité des marchés financiers, as principal regulator, issued a receipt for the preliminary short form prospectus dated as of August 25, 2008 in the name of the securities regulatory authorities in each of the provinces of Canada in connection with a proposed offering of common shares and flow-through common shares of Azimut (the “Offering”). The Offering will be conducted on a best-efforts agency basis through a syndicate of agents comprised of Blackmont Capital Inc., National Bank Financial Inc., Laurentian Bank Securities Inc., Industrial Alliance Securities Inc., Toll Cross Securities Inc. and Desjardins Securities Inc.

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2007

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December 18, 2007

Azimut delivers a Notice of Default to NWT Uranium Corp. in respect of the North Rae and Daniel Lake properties, Ungava Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) has delivered a Notice of Default to NWT Uranium Corporation (“NWT”) regarding a number of NWT’s specific obligations that have not been complied with pursuant to the terms of the North Rae and Daniel Lake property option agreements (collectively, the “Agreements”).

December 13, 2007

Azimut and Channel identify uranium targets on the West Bienville Property, Central Quebec region

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and its partner Channel Resources Ltd. (“Channel”) have received positive results from their 2007 helicopter-borne survey on the West Bienville project in Central Quebec.

December 07, 2007

Azimut and Everton plan a winter drill program at Opinaca

Longueuil, QC. Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) announce their plan for a winter 2008 drill program based on the results of exploration work conducted earlier this year on the Opinaca A and B properties in the James Bay region of Quebec.

December 04, 2007

Azimut summarizes 2007 progress and growth prospective

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut” or “the Company”) is pleased to highlight its significant business development and exploration successes of the past 12 months. With a portfolio of 49 uranium, gold and nickel properties, Azimut is well positioned to capitalize on the minimum $65 million in expenditures (and $7 million in payments to Azimut) required from its 12 partners to earn, in most cases, a 50% interest in the Company’s mineral properties. Azimut’s partnership strategy maximizes value creation for its shareholders and minimizes equity dilution by fast-tracking mineral development on multiple properties concurrently. The potential rewards are further enhanced by the 2% net revenue royalty Azimut retains on most of its properties.

November 21, 2007

Azimut and Kativik Resources sign a Letter of Intent for the Kativik Uranium Property, Northern Quebec

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) announces the signing of a letter of intent with Kativik Resources Inc. (“Kativik”) regarding the Kativik property, a uranium exploration project that comprises seven groups of claims over a surface area of 925 km2 and located in the Central Quebec region. Kativik can acquire from Azimut an initial 50% interest in the project by conducting a total of $5.0 million in exploration work over a 5- year period and an additional 15% interest upon delivery of a bankable feasibility study.

November 19, 2007

Azimut: major prospecting results with grades up to 3.30% U3O8 obtained on the North Rae property, Ungava Bay region

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) reports excellent additional results obtained on the North Rae property located in the Ungava Bay region, Nunavik, Quebec. This property is under option by NWT Uranium Corp. (“NWT”). Assay results from 334 rock grab samples further demonstrate the uranium potential of the North Rae property, more specifically of seven distinct mineralized zones with significant lateral extents. These zones have been discovered during the course of the 2006 and 2007 surface prospecting programs (see appended figures):

October 31, 2007

Azimut and Majescor further demonstrate regional-scale uranium potential in Nunavik, Quebec: up to 0.57% U3O8 along a 30-km trend at South Rae

Longueuil, Quebec. – Azimut Exploration Inc. (“Azimut”) and Majescor Resources Inc. (“Majescor”) announce the results of their summer exploration program at the South Rae property in Nunavik, northern Quebec. Uranium mineralization has been confirmed on this property over a 30-km prospective trend with grades up to 0.57% U3O8 (or 12.5 pounds/t U3O8). Most of the strong helicopter-borne uranium targets have yet to be assessed, further underscoring the uranium potential of the property.

October 30, 2007

Azimut and Central Uranium identify uranium targets on the South Bienville Property, northern Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and its partner Central Uranium Corporation (“Central Uranium”), have received positive results for their 2007 exploration program on the South Bienville uranium property in northern Quebec.

October 29, 2007

Azimut’s partner Kennecott reports encouraging results for the Grenium Project, North Shore region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) announces that its partner Kennecott Exploration Company (“Kennecott”), a subsidiary of the Rio Tinto Group, has obtained encouraging results for its summer exploration program on the Grenium project in the North Shore region, Quebec.

October 24, 2007

Azimut and Arianne confirm a uranium target with up to 0.43% U3O8 on the North Havre Property, North Shore region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and Arianne Resources Inc. (“Arianne”) announce encouraging rock sampling results from the North Havre property located north of the town of Havre-Saint-Pierre in the North Shore region, Quebec.

October 17, 2007

Azimut acquires six new gold properties in the James Bay Region

Azimut Exploration Inc. (“Azimut”) announces the recent map staking by the company of six gold exploration properties in the James Bay region in northern Quebec.

October 11, 2007

Azimut and Majescor outline 17 uranium target areas at West Minto, Nunavik, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and Majescor Resources Inc. (“Majescor”) announce the results of a helicopter-borne survey performed at the West Minto uranium property in Nunavik, northern Quebec. Seventy-one (71) priority uranium targets have been defined from helicopter-borne geophysics, forming 17 kilometric-scale distinct target areas. The West Minto property comprises 952 claims covering a surface area of 432 km2. Majescor has an option from Azimut to earn an interest of up to 65% on the property.

October 11, 2007

Azimut: Approval of the Shareholder Rights Plan

Longueuil, Québec – Azimut Exploration Inc. (the “Corporation”) announces that the shareholders of the Corporation approved yesterday at the special meeting called to that effect the Shareholder Rights Plan (the “Rights Plan”) adopted by the Board of Directors on May 31st, 2007 (see June 1st, 2007 press release). The Rights Plan is designed to encourage the fair treatment of shareholders in connection with any takeover offer for the Corporation.

October 09, 2007

Azimut: partial field exploration results yield grades up to 0.64% U3O8 on the North Rae property, Ungava Bay region

Azimut Exploration Inc. (“Azimut”) provides an update on the field exploration program performed this summer on its 100% owned North Rae property east of Ungava Bay in northern Quebec. The operator, NWT Uranium Corp. (“NWT”), can acquire a 50% interest in the North Rae property by investing $2.9 million in exploration work. NWT may also acquire an additional 15% interest upon delivery of a bankable feasibility study.

October 05, 2007

Azimut: Special Meeting Reminder

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) would like to remind its shareholders that a Special Meeting of Shareholders will be held on October 10, 2007 at 10 a.m. at the Fairmount Queen Elizabeth Hotel in Montreal.

September 27, 2007

Azimut and Arianne identify a uranium target at Havre Nord, North Shore region, Quebec

Longueuil, Quebec – Exploration Azimut Inc. (“Azimut”) and Arianne Resources Inc. (“Arianne”) announce encouraging preliminary field results for the Havre Nord property located north of the town of Havre St. Pierre in the North Shore region.

September 20, 2007

VIRGINIA, CANADIAN ROYALTIES AND AZIMUT CONTRIBUTE $250,000 FOR THE REHABILITATION OF ABANDONED MINING SITES IN NORTHERN QUÉBEC

Québec, QC. Virginia Mines Inc. (“Virginia”), Canadian Royalties Inc. (“Canadian Royalties”) and Azimut Exploration Inc. (“Azimut”) are pleased to announce their participation in the Fonds Explor-Action Nunavik (FRAN), which was created to rehabilitate mineral exploration sites in Northern Quebec that have been abandoned for several decades.

September 18, 2007

Azimut and NWT Uranium have started drilling at North Rae, Ungava Bay region, Quebec

Longueuil, QC – Azimut Exploration Inc. (“Azimut”) and NWT Uranium Corp. (“NWT Uranium”) announce that drilling is underway at the North Rae uranium property in the Ungava Bay region of northern Quebec, Canada. The drill program started in late August and focuses on high priority areas, which consist of outcropping radioactive targets. Five holes totalling 362 m have been completed to date. The goal, at this stage, is 20 holes in five areas for a total of 1,200 metres. Drilling will continue as long as weather conditions permit.

September 13, 2007

Azimut and Everton expand strike length of the Charles Target on Opinaca “A” and report samples grading up to 35.9 g/t Au

Longueuil, QC. Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) report new high-grade gold values at the Charles Target. Possible lateral extensions of this zone are now recognized over 1.0 km of strike length. The Charles Target is a northeast-southwest trending mineralized zone located in the central part of the Opinaca A property, James Bay region, Quebec.

September 05, 2007

Azimut and Majescor identify Regional-Scale Uranium Potential on the South Rae Property, Ungava Bay Region, Quebec

Longueuil, QC. Azimut Exploration Inc. (“Azimut”) and Majescor Resources Inc. (“Majescor”) announce that reconnaissance exploration on the South Rae property in Nunavik, northern Quebec, has uncovered significant indications for extensive uranium mineralization.

September 04, 2007

Azimut and Channel sign a Letter of Intent for the West Bienville Uranium Property, Northern Quebec

Longueuil, QC. Azimut Exploration Inc. (“Azimut”) and Channel Resources Ltd. (“Channel”) announce the signing of a Letter of Intent regarding the West Bienville uranium exploration property. Channel can acquire from Azimut a 50% interest in the property by investing a total of $1.7 million in exploration work over a 5-year period, together with an additional 15% interest upon delivery of a bankable feasibility study.

August 09, 2007

Azimut and Everton discover new mineralized zone at Opinaca, James Bay region, Quebec

Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) announce the discovery of a new mineralized zone grading up to 24.6 g/t Au on Opinaca A property and the identification of additional targets along the Claude-Manuel corridor on Opinaca B property, in the Opinaca region of James Bay near Goldcorp’s Eleonore gold deposit (initial indicated gold resource of 2.8 million ounces). At the beginning of September, a 2,000- meter drill program is scheduled to commence at the Smiley Target on Opinaca A, approximately 4 km north of the Eleonore gold deposit.

August 08, 2007

Azimut and Northwestern identify three new extensive uranium targets at North Rae, Ungava Bay region, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and NWT Uranium Corp. (“Northwestern”) report on a comprehensive program underway at the North Rae Property located in the Ungava Bay region of northern Quebec. During a preliminary ranking field program performed early July by a joint Azimut-Northwestern task team, three large radioactive outcropping targets have been discovered corresponding to strong helicopter-borne uranium anomalies. Ongoing detailed surface sampling, systematic ground radiometric surveys and geological mapping on these zones will lead to the definition of drilling targets. Drilling is scheduled to commence this field season.

July 26, 2007

Azimut and Central Uranium sign a Letter of Intent for theKangiq Uranium Property, Northern Quebec

Longueuil, Quebec. Azimut Exploration Inc. (“Azimut”) announces the signing of aletter of intent with Central Uranium Corporation (“Central”) regarding the Kangiq property, a uranium exploration property located in the Ungava Bay region.

July 19, 2007

Azimut: Update on Uranium Exploration Properties

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) presents an update on the uranium exploration programs in progress on 14 of its uranium properties located in Quebec. Contracts for approximately 32,000 line-km of helicopter-borne geophysical surveys have been signed as well as contracts to collect about 4,030 samples of lake-bottom sediments. The appended table summarizes these ongoing programs operated mainly by Azimut’s partners.

July 11, 2007

Azimut and Channel form Strategic Alliance for Ecuador

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut”) and Channel Resources Ltd. (“Channel”) have signed an Agreement forming a Strategic Alliance for mineral exploration in Ecuador, South America.

Azimut and Arianne sign a Letter of Intent for the North Havre Uranium Property, North Shore Region, Quebec

Azimut Exploration Inc. (“Azimut”) and D’Arianne Resources Inc. (“Arianne”) announce the signing of a Letter of Intent regarding the North Havre uranium property. Arianne can acquire from Azimut a 50% interest in the property over a 3-year period, together with an additional 15% interest upon delivery of a bankable feasibility study.

Azimut announces a Strategic Alliance with Kennecott for nickel

Azimut Exploration Inc. (“Azimut”) announces that it has formed a new Strategic Alliance with Kennecott Exploration Company (“Kennecott”) for the exploration of nickel deposits in Quebec.

Azimut’s update on 7 gold exploration properties in Quebec

Azimut Exploration Inc. (“Azimut”) provides an update for its seven gold exploration properties in Quebec’s James Bay region and outlines the Company’s key activities for its ongoing 2007 field programs.

Azimut adopts a shareholder rights plan

The board of directors of Azimut Exploration Inc. (the “Corporation”) has approved yesterday the adoption of a shareholder rights plan (the “Rights Plan”). The Rights Plan is designed to encourage the fair treatment of shareholders in connection with any takeover offer for the Corporation.

Azimut’s update on 13 uranium exploration properties in Quebec

Azimut Exploration Inc. (“Azimut”) presents an overview of the company’s strategic land positions for uranium exploration in the Province of Quebec and outlines the key activities for its upcoming field programs.

Azimut and Everton release drilling results and provide an overview of the summer work program for Opinaca, James Bay region, Quebec

Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) provide an update for the winter drilling program recently completed on the Opinaca B property, as well as an overview of the upcoming summer 2007 exploration program.

Azimut and Central Uranium sign 2 Letters of Intent for the Central Minto and South Bienville Properties, Northern Quebec

Azimut Exploration Inc. (“Azimut”) and Central Uranium Corporation (“Central”) announce the signing of two letters of intent regarding two major uranium exploration projects: the Central Minto and South Bienville properties. Central can acquire from Azimut a 50% interest in the two projects by investing a total of $8.5 million in exploration work over a 5-year period, together with an additional 15% interest upon delivery of a bankable feasibility study.

Azimut and Silver Spruce sign a Letter of Intent for the Hudson Bay Uranium Property, Northern Quebec

Azimut Exploration Inc. (“Azimut”) and Silver Spruce Resources Inc. (“Silver Spruce”) announce the signing of a binding Letter of Intent regarding the Hudson Bay uranium property. Silver Spruce can acquire from Azimut a 50% interest in the project over a 5-year period together with an additional 15% interest upon delivery of a bankable feasibility study.

April 02, 2007

Azimut and Rukwa Uranium sign 2 Letters of Intent for the North Minto and South Minto Properties, Northern Quebec

Azimut Exploration Inc. (“Azimut”) and Rukwa Uranium Ltd. (“Rukwa”) announce the signing of two letters of intent regarding two major uranium exploration projects, the North Minto and South Minto properties.

March 27, 2007

Azimut and Majescor sign a Letter of Intent for the West Minto Uranium Property, Northern Quebec

Azimut Exploration Inc. (“Azimut”) and Majescor Resources Inc. (“Majescor”) announce the signing of a Letter of Intent for the West Minto uranium property. Majescor can acquire from Azimut a 50% interest over a 5-year period and may acquire an additional 15% interest upon delivery of a bankable feasibility study. This option agreement remains subject to the approval of regulatory authorities.

March 12, 2007

Azimut appoints a Vice President Exploration

Azimut Exploration Inc. (“Azimut”) is pleased to announce that Mr. Sylvain Guérard, a talented exploration geologist, has been appointed Vice President Exploration.

March 06, 2007

Azimut Exploration appoints Dennis Wood as Chairman of the Board and Pierre Toth as director

Azimut Exploration Inc. (“Azimut”) is pleased to announce the appointment of Mr. Dennis Wood as Chairman of the Board and Mr. Pierre Toth as a Director. Mr. Toth replaces Mr. Jacques Bonneau, who leaves the Board but will remain as the management’s advisor.

January 31, 2007

Azimut and Majescor sign a Letter of Intent for the South Rae Uranium Property, Ungava Bay Region, Quebec

Azimut Exploration Inc. (“Azimut”) and Majescor Resources Inc. (“Majescor”) announce the signing of a Letter of Intent regarding the South Rae uranium property. Majescor can acquire from Azimut a 50% interest over a 5-year period and may acquire an additional 15% interest upon delivery of a bankable feasibility study.

January 29, 2007

Azimut and Northwestern sign an Option Agreement for the Daniel Lake Uranium Property, Ungava Bay Region, Quebec

Azimut Exploration Inc. (“Azimut”) and Northwestern Mineral Ventures Inc. (“Northwestern”) announce the signing of a definitive option agreement regarding the Daniel Lake uranium property. Northwestern can acquire from Azimut a 50% interest over a 5-year period and may acquire an additional 15% interest upon delivery of a bankable feasibility study.

January 17, 2007

Azimut’s partner Everton begins winter 2007 exploration program at Opinaca, James Bay region, Quebec

Azimut Exploration Inc. (“Azimut”) announces that its partner Everton Resources Inc. (“Everton”) is about to start the winter 2007 exploration program for two Opinaca properties (A Block and B Block).

January 16, 2007

Azimut’s partner Eastmain makes progress at Eleonore South

Azimut Exploration Inc. (“Azimut”) announces that its partner Eastmain Resources Inc. (“Eastmain”) has obtained encouraging exploration results on the Eleonore South property in the James Bay region, Quebec.

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2006

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December 22, 2006

Azimut closes a $1,511,250 private financing

Azimut Exploration Inc. (“Azimut”) announces the closing of a $1,511,250 private financing representing 325,000 common shares of Azimut at a price of $4.65 per share. The placement was made by Desjardins Securities (“Desjardins”) and Laurentian Bank Securities (“Laurentian”) acting as intermediaries, and by Sodémex II.

December 08, 2006

Azimut announces a $1,255,500 private financing

Azimut Exploration Inc. (“Azimut”) announces that Desjardins Securities will act as agent for a private placement of $999,750 representing 215,000 of Azimut’s common shares at a price of $4.65 per share. Concurrently, Sodémex II, an institutional fund subsidiary of the Caisse de dépôt et placement du Québec, will invest $255,750 to acquire 55,000 of Azimut’s common shares at a price of $4.65 per share. This private financing is subject to the approval of the regulatory authorities.

November 30, 2006

Azimut: Update on Gold Exploration Projects

Azimut Exploration Inc. (“Azimut”) presents an update for seven gold exploration programs on its properties in the James Bay region of northern Quebec. These programs, funded 100% by Azimut’s partners, represent a $3.4-million investment in exploration work for the year 2006. The table appended to this release summarizes the work performed this year, the key results obtained, pending results, and the work planned for 2007.

November 29, 2006

Azimut and Northwestern delineate a 3.3-km-long uranium zone with grades up to 0.59% U₃O₈on the North Rae property, Ungava Bay region

Azimut Exploration Inc. (“Azimut”) and its partner Northwestern Mineral Ventures Inc. (“Northwestern”) announce the preliminary delineation by surface prospecting of a 3.3-km-long uranium zone, the “Rae-1 Zone”, on the North Rae property, east of Ungava Bay in northern Quebec. The Rae-1 Zone, which remains largely open, is coincident with elevated ground radiometric values and a strong 5-km-long helicopter-borne radiometric anomaly (see figures 1 and 2 appended to this release). Thirteen other first-priority airborne anomalies have already been identified on the property (press release dated October 11, 2006), and reveal a significant uranium exploration potential at the scale of the North Rae permit. Such airborne anomalies are not yet verified in the field or remain at an early reconnaissance stage.

October 11, 2006

Azimut and Northwestern’s initial discovery of 10 uranium showings reveals a regional scale uranium potential for North Rae, Ungava Bay

Azimut Exploration Inc. (“Azimut”) and its partner Northwestern Mineral Ventures Inc. (“Northwestern”) announce the analytical results of a rock-sampling program performed this summer during the initial prospecting phase at the North Rae property east of Ungava Bay in northern Quebec. The program involved five people for 14 field days, and 186 of the collected rock grab samples were analyzed.

Azimut: Closing of a $200,000 private financing

Azimut Exploration Inc. (“Azimut”) announces the closing of a private financing with the Sodémex II Institutional Fund. Sodémex II is a limited partnership company and subsidiary of the Caisse de dépôt et placement du Québec.

Azimut’s partner Northwestern identify strong and extensive uranium anomalies in lake sediments at North Rae, Ungava Bay

Azimut Exploration Inc. (“Azimut”) and its partner Northwestern Mineral Ventures Inc. (“Northwestern”) announce the results of a lake bottom sediment survey performed this summer on the North Rae property east of Ungava Bay in northern Quebec. A total of 346 lake bottom sediment samples were collected over a surface area of 398 km²on the property.

Azimut announces a $200,000 private financing

Azimut Exploration Inc. (“Azimut”) announces that the Sodémex II Institutional Fund will subscribe to a private financing, subject to the approval of the regulatory authorities. Sodémex II is a limited partnership company and subsidiary of the Caisse de dépôt et placement du Québec.

Azimut stakes a Large Uranium Target in the Ungava Bay Region

Azimut Exploration Inc. (“Azimut”) announces it has recently map staked the Daniel Lake project, a large property about 160 km east of the town of Kuujjuaq in the eastern Ungava Bay region of Northern Quebec.

Azimut’s partner Everton identifies a new gold target at Opinaca

Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) announce that a new gold target has been identified on the Opinaca property (B Block) in the James Bay region, Quebec. The property is located east of the Eleonore property, which hosts the Roberto gold deposit owned by Goldcorp Inc.

Azimut and Everton confirm the 1.7-km gold bearing trend andprepare a drilling program at Opinaca (A Block), James Bay region

Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) announce preliminary results of an extensive exploration program that started early this summer on the Opinaca (A Block) property. The A Block is adjacent to the northern boundary of the Eleonore property, which hosts the Roberto gold deposit owned by Goldcorp Inc.

Azimut: Update on the North Rae Uranium Property, Ungava Bay

Azimut Exploration Inc. (“Azimut”) announces that its partner Northwestern Mineral Ventures Inc. (“Northwestern”) has completed a first phase of field work on the North Rae property, located east of the Ungava Bay region of northern Quebec.

Azimut: Exploration Update

Azimut Exploration Inc. (“Azimut”) provides an update of the 10 exploration programs that will be performed this year. These programs, funded 100% by Azimut’s partners, will reach at least $4.5 million in work commitments and will take place on 16 different projects in Quebec.

June 12, 2006

Azimut: Conversions of Two Debentures

Azimut Exploration Inc. announces that the Fonds de Solidarité F.T.Q. has converted the full amount of two debentures totalling $450,000 into Azimut shares.

June 08, 2006

Azimut and Cambior sign an agreement for the Comptoir Property James Bay region, Quebec

Exploration Azimut Inc. (“Azimut”) announces the signing of a letter of intent with Cambior Inc. (“Cambior”) for the Comptoir property, which is currently held 100% by Azimut.

May 09, 2006

Azimut and Everton identify a continuous geophysical anomaly over a 1.7-km gold bearing trend at Opinaca

Azimut Exploration Inc. (“Azimut”) and its partner Everton Resources Inc. (“Everton”) announce the results of a 30 line-kilometre induced polarization (IP) geophysical survey completed over the A Block on the Opinaca property in James Bay, Quebec.

May 04, 2006

Azimut: Second year option by Cambior on the Eastmain property (West Block) in James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) announces that Cambior Inc. (“Cambior”) will proceed with its second year option on the West Block of Azimut’s Eastmain property. The Eastmain property is located about 80 km south of the Eleonore gold discovery that was recently acquired by Goldcorp Inc.

April 27, 2006

Azimut signs a Three-Way Joint Venture with Goldcorp and Eastmain for the Éléonore South Property, James Bay

Azimut Exploration Inc. (“Azimut”), Goldcorp Inc. (“Goldcorp”) and Eastmain Resources Inc. (“Eastmain”) have signed a Letter of Intent to form a three-way joint venture covering a selected portion of Goldcorp’s southern Éléonore claim block and the entire adjacent Opinaca property (C Block). The joint venture is designed to simplify ownership and accelerate the exploration of a highly prospective target zone bordering two significant properties located in the Opinaca region of James Bay, Québec.

April 26, 2006

Azimut Exploration appoints new Officer

Azimut Exploration Inc. (“Azimut”) is pleased to announce that Mrs. Moniroth Lim has been appointed Secretary Treasurer and becomes an Officer of the company. Her appointment is effective immediately.

April 12, 2006

Azimut: Uranium Potential Modeling of Northern Quebec and Acquisition of 8 Large Properties Totalling 5,760 claims

Azimut Exploration Inc. (“Azimut”) reports it has achieved a significant milestone with the acquisition of eight (8) large uranium properties. These new properties are the result of an exhaustive assessment of the uranium potential of Northern Quebec that was accomplished by reprocessing a geoscience database covering 683,000 km2

April 04, 2006

Azimut and Everton begin ground geophysics IP survey over 1.7-km gold bearing trend at Opinaca, James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) and its partner Everton Resources Inc. (“Everton”) announce that a 35 line-kilometre induced polarization (IP) survey has started on a 1.7-km gold bearing trend discovered in fall 2005 on the A Block of the Opinaca Project in James Bay, Quebec. The Opinaca Project is adjacent to Virginia’s Eleonore gold discovery that was recently acquired by Goldcorp Inc.

March 28, 2006

Azimut: Second year option by Eastmain on the Opinaca Property in James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) announces that Eastmain Resources Inc. (“Eastmain”) will proceed with its second year option on the C and D blocks of Azimut’s Opinaca Property. The Opinaca Property is adjacent to Virginia’s Eleonore Gold discovery that was recently acquired by Goldcorp Inc.

March 16, 2006

Azimut Exploration: Granting of Stock Option

Azimut Exploration Inc. (“Azimut”) announces that stock options to purchase a total of 200,000 common shares of the company have been granted to four directors. These options have an exercise price of $1.75 per share and are exercisable during a 5-year period.

March 15, 2006

Azimut: Airborne geophysical survey begins at Opinaca, James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) announces that its partner Everton Resources Inc. (“Everton”) has begun its 2006 exploration program on the Opinaca Property with a helicopterborne magnetic and electromagnetic survey. The Opinaca Property (A, A-East, B and B-North blocks) is adjacent to the Eleonore gold discovery in James Bay, Quebec.

March 06, 2006

Azimut and Northwestern Sign Letter of Intent for Uranium Property in Northern Quebec

Azimut Exploration Inc. (“Azimut”) and Northwestern Mineral Ventures Inc. (“Northwestern”) announce the signing of a Letter of Intent regarding the North Rae Uranium Property. According to the agreement, Northwestern can acquire from Azimut a 50% interest during a 5-year period and may acquire an additional 15% interest upon delivery of a bankable feasibility study.

March 02, 2006

Azimut and Kennecott Acquire Uranium Properties in Quebec

Azimut Exploration Inc. (“Azimut”) reports that it has recently acquired 2,280 claims for uranium in Quebec within the framework of its amended Strategic Agreement with Kennecott Exploration Company (“Kennecott”), the amendment of which was announced on February 21, 2006.

March 1st, 2006

Azimut Exploration Appoints Executive Vice President

Azimut Exploration Inc. (“Azimut”) is pleased to announce that Mr. Normand Champign has been appointed Executive Vice President of the company.

February 23, 2006

Azimut Exploration Appoints Dennis Wood as Director

Azimut Exploration Inc. (“Azimut”) is pleased to announce the appointment of Mr. Dennis Wood as a Director of the Company. Mr. Wood was elected on February 22, 2006, during the last Annual General Meeting of Shareholders held in Montreal.

February 21, 2006

Azimut and Kennecott Extend Their Strategic Agreement

Azimut Exploration Inc. (“Azimut”) announces that its Strategic Agreement with Kennecott Exploration Company (“Kennecott”) regarding the exploration of base and precious metals over a 500,000-km2 region in Quebec (press release of July 13, 2004) has been extended to include the search for uranium deposits.

February 1st, 2006

Azimut and Everton identify new gold targets at the Opinaca Project, James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) announce they have identified new gold targets on the Opinaca Project (A, A-East, B and B-North blocks) following reception and interpretation of the latest results of the 2005 exploration campaign. The Opinaca Project is located in the immediate vicinity of the Eleonore gold discovery.

January 24, 2006

Azimut: Second year option by Everton on the Opinaca Project in James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) announces that Everton Resources Inc. (“Everton”) will undertake a second year option on the A, A-East, B and B-North blocks of the Opinaca Project held 100% by Azimut. The Opinaca Project is adjacent to the Eleonore property that contains the Roberto gold discovery. Goldcorp Inc. recently acquired the Eleonore property from Virginia Gold Mines Inc.

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2005

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December 27, 2005

Azimut closes a $100,000 private financing

Azimut Exploration Inc. (“Azimut”) announces the closing on December 23, 2005 of a flow-through share private financing totalling $100,230. In total, Azimut issued 77,100 flow-through common shares at a price of $1.30 per share.

December 14, 2005

Azimut: gold targets identified at Opinaca (C and D blocks)

Azimut Exploration Inc. (“Azimut”) announces that its partner Eastmain Resources Inc. (“Eastmain”) has identified several significant gold exploration targets during the first program carried out on the C and D blocks of the Opinaca property in the James Bay region, Quebec. These claim blocks are respectively located south and northwest of the Eléonore property, which hosts the major Roberto gold discovery.

December 08, 2005

Azimut’s Partner Kennecott Prepares Exploration Program for Copper-Uranium Target in Quebec

Azimut Exploration Inc. (“Azimut”) announces that its partner Kennecott Exploration Company (“Kennecott”) will fund an exploration program with a minimum budget of $500,000 to test a regionally significant copper-uranium target northeast of Sept-Îles, Quebec. The program follows reconnaissance fieldwork performed jointly by Azimut and Kennecott this past summer, the results of which confirmed Azimut’s mineral potential modeling and justified the development of an exploration program.

December 06, 2005

Azimut Exploration Inc. Company Update

Azimut Exploration Inc. (“Azimut”) wishes to provide its shareholders and investors with an update on the key features of the company. Since its reactivation in mid-2003, Azimut has developed two large strategic land positions in Quebec with significant partnership agreements. Further announcements will be made shortly about summer results and future programs.

Azimut and Everton discover a 1.7 km-long gold bearing trend on the Opinaca Property (A-Block), James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) and Everton Resources Inc. (“Everton”) jointly announce the discovery of a gold bearing trend on the A-Block of the Opinaca Property. The Opinaca Property is adjacent to the Eleonore Property of Virginia Gold Mines that hosts the Roberto major discovery.

Azimut Exploration: Granting of Stock Options

Azimut Exploration Inc. (“Azimut”) announces that stock options to purchase a total of 130,000 common shares of the company have been granted to four directors. These options have an exercise price of $0.86 per share and are exercisable during a 5-year period.

Azimut: 6 exploration programs underway in the James Bay region

Azimut Exploration Inc. (“Azimut”) announces that six gold exploration programs are currently underway on properties that are held 100% by Azimut in the James Bay region of Quebec. A minimum budget of $1,550,000 – wholly financed by Azimut’s partners – has been allocated for this year’s work on the properties, which total 1,822 claims and 958 km2 (see accompanying figure to press release of May 25, 2005).

Azimut and Placer Dome add claims to the Wabamisk Property

Azimut Exploration Inc. (“Azimut”) reports the signature of an amendment with Placer Dome (CLA) Limited (“Placer Dome”) regarding the option agreement (announced on May 4, 2005) on the Wabamisk Property located in the James Bay region of Quebec.

Azimut and Kennecott stake for copper, uranium and gold in Quebec

Azimut Exploration Inc. (“Azimut”) announces the acquisition of 2,377 claims within the framework of its strategic agreement with Kennecott Exploration Company (“Kennecott”). The claims are contained within 12 blocks totaling an area of 1,284 km2.

Azimut Exploration: Progress Report

Azimut Exploration Inc. (“Azimut”) has signed, over the past several months, seven partnership agreements with five major and junior companies. In 2005, a minimal amount of $1,600,000 will be invested by our partners in exploration work and this, starting in June.

Azimut and Placer Dome sign an agreement for the Wabamisk Property

Exploration Azimut Inc. (“Azimut”) announces the signing of a letter of intent with the company Placer Dome (CLA) Limited (“Placer Dome”) for the Wabamisk Property, formerly known as the Eastmain East Block. The project is located in the James Bay region of Quebec and is currently held 100% by Azimut.

Azimut and Cambior sign an agreement for the Eastmain Property (West Block), James Bay region, Quebec

Exploration Azimut Inc. (“Azimut”) announces the signing of a letter of intent with Cambior Inc. (“Cambior”) for the West Block of the Eastmain Property, which is currently held 100% by Azimut.

Azimut and Eastmain sign agreements for two claim blocks near the Eléonore gold discovery in James Bay, Quebec

Azimut Exploration Inc. (“Azimut”) and Eastmain Resources Inc. (“Eastmain”) announce the signing of two letters agreement regarding two claim blocks for which Azimut currently holds a 100% interest. According to the agreements, Eastmain can acquire a 50% interest during a 5-year period and may acquire an additional 15% interest upon delivery of a bankable feasibility study.

Azimut acquires a major exploration gold property in Quebec’s James Bay region

Azimut Exploration Inc. (“Azimut”) announces the acquisition by staking of a major exploration gold property in the James Bay region totalling 834 claims over an area of 442 km2. The Eastmain property consists of two claim blocks: the West Block with 166 claims, and the East Block with 668 claims of which 218 had been previously acquired by Azimut. Confirmation of the newly acquired claims by the Ministry of Natural Resources, Wildlife and Parks is pending.

Azimut closes a $100,000 private financing

Exploration Azimut Inc. (“Azimut”) announces the closing on December 31, 2004 of a flow-through share private financing totalling $100,000. In total, Azimut issued 166,669 common shares at a price of $0.60 per share.

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2004

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December 13, 2004

Azimut and Everton sign agreements for four claim blocksnear the Eléonore gold discovery in James Bay, Quebec

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. According to the agreements (details below), Everton can acquire a 50% interest and may acquire an additional 15% interest upon delivery of a bankable feasibility study. The blocks occupy key positions near the major Eléonore gold discovery made by Virginia Gold Mines in the James Bay region of Quebec.

November 22, 2004

Azimut increases its holdings near the Eléonore Gold Discovery

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.

November 15, 2004

Azimut: Closing of a $100,000 Private Placement and Conversion of a Debenture

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.

November 4, 2004

Azimut announces a $100,000 private financing

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.

October 7, 2004

Azimut acquires Key Properties near the Éléonore Gold Discoveryin Quebec

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.

September 24, 2004

Azimut relocates its main office

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

July 28, 2004

Azimut closes a $150,000 financing

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.

July 16, 2004

Release of escrowed shares

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.

July 13, 2004

Azimut and Kennecott sign a Strategic Agreement

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. The Letter Agreement outlines the development of an exploration strategy for gold and base metals over a vast region in Quebec.

July 08, 2004

Azimut begins Nickel-Copper-Platinum Exploration Program in the Labrador Trough, Quebec

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

June 08, 2004

Debt payment in common shares

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

February 27, 2004

Azimut Exploration: Granting of incentive stock options

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

February 10, 2004

Azimut Exploration: Progress Report and Year 2004 Objectives

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

January 07, 2004

Azimut Exploration: Louis P. Salley appointed as Director

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

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2003

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November 24, 2003

Azimut stakes seven Au and Ni-Cu-PGE exploration projects in Quebec following mineral potential modeling of two regions

Exploration Azimut Inc. (“Azimut”) announces the staking of seven projects totalling 375 mining claims that cover an area of 188 km2:

November 12, 2003

Exploration Azimut closes a $450,000 financing

Exploration Azimut Inc. (« Azimut ») announces the closing of a $450,000 financing that includes a $250,000 private placement with SIDEX and a $200,000 convertible debenture with the Fonds de solidarité FTQ (“Fonds”).

July 21, 2003

Closing of a $250,000 convertible debenture

Azimut Exploration Inc. (“Azimut”) announces the closing of a $250,000 convertible debenture with the Fonds de Solidarité des Travailleurs du Québec (“FTQ”).

July 18, 2003

Debt payment completed

Exploration Azimut Inc. announces that the regulatory authorities have approved the debt settlement totalling $14,378.13 with Mincor Québec Inc.

July 10, 2003

Exploration Azimut Inc.: Granting of Incentive Stock Options

Exploration Azimut Inc. announces that 50,000 incentive stock options of the Company have been granted to a new director as well as 10 000 options granted to an officer. These options have an exercise price of $0.24 per share and expire on June 18, 2008.

June 25, 2003

Exploration Azimut Signs Strategic Agreement with MIR Télédétection

Exploration Azimut Inc. (“Azimut”) is pleased to announce the signing of a strategic agreement with MIR Télédétection Inc. (“MIR”) of Longueuil (Quebec), a company with an international reputation in the field of geomatics and remote sensing.

June 12, 2003

Exploration Azimut: Jean-Charles Potvin appointed Director

Exploration Azimut Inc.(“Azimut”) is pleased to announce the appointment of Jean-Charles Potvin as Director of the Company.

June 06, 2003

Debt payment

Exploration Azimut Inc. announces a debt settlement totalling $14,378.13 with Mincor Québec Inc. by issuing a total of 143,781 ordinary shares at $0.10 per share.

June 05, 2003

Exploration Azimut announces the appointment of a new President

Exploration Azimut Inc. (“Azimut”) is pleased to announce the appointment of Jean-Marc Lulin as President and Chief Executive Officer effective immediately. Mr. Lulin also joins the Board of Directors.

June 03, 2003

EXPLORATION AZIMUT CLOSES A $100,000 PRIVATE PLACEMENT

Azimut Exploration Inc. (« Azimut ») is pleased to announce the closing of a private placement with 10 subscribers of 1,000,000 common shares, at a price of $0.10 per share for gross proceeds of $100,000.

June 02, 2003

ISSUANCE OF A NEW $250,000 CONVERTIBLE DEBENTURE

Azimut Exploration Inc. (“Azimut”) announces the issuance of a $250,000 convertible debenture with the Fonds de solidarité des travailleurs du Québec (“FTQ”).

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2022

December 07, 2021

Azimut and Mont Royal Discover a Highly Prospective Nickel-Copper Ultramafic Intrusion at Wapatik

November 30, 2021

Azimut Announces Major Nickel Position in the James Bay Region

November 22, 2021

Azimut Reports Positive Initial Metallurgical Results From Elmer Gold Recoveries up to 94%

November 11, 2021

Azimut Drills 122 g/t Au, 160 g/t Ag and 307 g/t Te over 0.5 m within a 2-Kilometre-Long Target Parallel to Patwon, Elmer Property, Quebec

November 04, 2021

Azimut Strengthens the High-Grade Core Zone at Patwon, Elmer Property, Quebec

October 25, 2021

Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on Strike with the Elmer Gold Discovery

October 18, 2021

Azimut Commences a 20,000-Metre Drilling Program, Advancing Toward a Maiden Gold Resource Estimate on the Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a new 20,000-metre drill phase has started as planned on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4).

September 15, 2021

Azimut and SOQUEM Drill the District-Scale Rex and Rex South Copper-Gold Properties in the Nunavik Region of Quebec

September 07, 2021

Azimut Releases an Updated Corporate Presentation

July 20, 2021

Azimut Adds Wide High-grade Gold Intercepts at Patwon Discovery, Elmer Property, Quebec

4.21 g/t Au over 39.5 m including 7.86 g/t Au over 14.0 m

July 16, 2021

Azimut Announces Closing of $28.75 Million Bought Deal Private Placement Financing

June 28, 2021

Azimut Explores 60 km of Greenstone Belt Hosting the Patwon Gold Discovery, James Bay Region, Quebec

June 23, 2021

Azimut Announces $25 Million Bought Deal Private Placement Financing

June 22, 2021

Azimut drills 24.0 g/t Au over 18 m, including 38.7 g/t Au over 9 m, in the expanding Patwon Gold Zone, Elmer Property, Quebec

June 02, 2021

Azimut Drills 14 Holes Showing Wide Mineralized Intervals at the Patwon Gold Zone, Assays Pending

May 19, 2021

Azimut Cuts Wide High-Grade Gold Intervals at Patwon on the Elmer Property, including 6.43 g/t Au over 40.6 m

May 04, 2021

Azimut Reports Initial Metallurgical Tests from the Patwon Gold Zone, Elmer Property, Quebec

April 14, 2021

Azimut provides update on drilling program at the Elmer Property, James Bay region, Quebec

March 19, 2021

Azimut Appoints Krista Muhr as Director

Azimut Exploration is very pleased to announce the appointment of Ms. Krista Muhr to the Board of Directors of the Company, effective March 18, 2021.

March 18, 2021

Azimut identifies 10 priority drilling targets at Elmer

Strong exploration upside along strike and parallel to the Patwon Gold Discovery

January 27, 2021

Azimut starts a 15,000-metre drilling program on the Elmer Property, James Bay region, Quebec

Azimut Exploration is pleased to announce the start of a 60-hole diamond drilling program totalling 15,000 metres on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4). Drilling will start the first week of February.

January 19, 2021

Azimut defines excellent gold targets near the Patwon Discovery on the Elmer Property, James Bay region, QuebecUp to 880 gold grains in till samples from nine gold-bearing clusters

2021

December 07, 2021

Azimut and Mont Royal Discover a Highly Prospective Nickel-Copper Ultramafic Intrusion at Wapatik

November 30, 2021

Azimut Announces Major Nickel Position in the James Bay Region

November 22, 2021

Azimut Reports Positive Initial Metallurgical Results From Elmer Gold Recoveries up to 94%

November 11, 2021

Azimut Drills 122 g/t Au, 160 g/t Ag and 307 g/t Te over 0.5 m within a 2-Kilometre-Long Target Parallel to Patwon, Elmer Property, Quebec

November 04, 2021

Azimut Strengthens the High-Grade Core Zone at Patwon, Elmer Property, Quebec

October 25, 2021

Azimut and Mont Royal Undertake an Initial Prospecting Program on the Wapatik Property on Strike with the Elmer Gold Discovery

October 18, 2021

Azimut Commences a 20,000-Metre Drilling Program, Advancing Toward a Maiden Gold Resource Estimate on the Elmer Property, Quebec

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) is pleased to announce that a new 20,000-metre drill phase has started as planned on the Company’s 100% owned Elmer Property (the “Property”) in the James Bay region of Quebec (see Figures 1 to 4).

September 15, 2021

Azimut and SOQUEM Drill the District-Scale Rex and Rex South Copper-Gold Properties in the Nunavik Region of Quebec

September 07, 2021

Azimut Releases an Updated Corporate Presentation

July 20, 2021

Azimut Adds Wide High-grade Gold Intercepts at Patwon Discovery, Elmer Property, Quebec

4.21 g/t Au over 39.5 m including 7.86 g/t Au over 14.0 m

July 16, 2021

Azimut Announces Closing of $28.75 Million Bought Deal Private Placement Financing

June 28, 2021

Azimut defines excellent gold targets near the Patwon Discovery on the Elmer Property, James Bay region, Quebec
Up to 880 gold grains in till samples from nine gold-bearing clusters

Azimut defines excellent gold targets near the Patwon Discovery on the Elmer Property, James Bay region, Quebec
Up to 880 gold grains in till samples from nine gold-bearing clusters