Mr. Jean-Marc Lulin reports

AZIMUT AND SOQUEM START LITHIUM EXPLORATION PROGRAM ON PIKWA PROJECT, JAMES BAY REGION, QUEBEC

Azimut Exploration Inc. continues its methodical exploration of its properties and a lithium field campaign is starting on the Pikwa property located in the Eeyou Istchee James Bay region in Quebec. This comprehensive program will be followed by core drilling, contingent on the success of the prospecting phase. It is the first of several lithium-focused exploration programs that will be undertaken by Azimut this summer.

The 28-kilometre-long Pikwa property benefits from an outstanding location between the Corvette project (Patriot Battery Metals) to the east, which hosts the major CV5 lithium discovery, and the Cancet project (Winsome Resources) to the west, which hosts the Cancet lithium prospect. Pikwa is a joint venture project between Azimut and Soquem.

Highlights

• Azimut and Soquem have outlined eight extensive lithium target areas on Pikwa through a systematic review of the data acquired during their previous exploration programs on the property. Although these programs did not focus on lithium, the data generated provide excellent support for lithium targeting.
• The main lithium target areas at Pikwa are directly on strike of an east-west-trending prominent magnetic trend hosting the major lithium prospects on the Corvette and Cancet projects.
• Additional targeting criteria comprise: a) advanced in-house processing of multispectral remote sensing data to identify potential pegmatite outcrops; b) project-scale distribution of pathfinder elements in bedrock (lithium, cesium, rubidium, gallium, tin and tantalum); and c) extensive lake-bottom sediment anomalies in underexplored sectors for lithium, outlined by the same pathfinder elements.
• One of the most attractive targets is characterized by several peraluminous granitic bodies of the Vieux Comptoir intrusive suite in a favourable position along the prominent magnetic trend.

The Pikwa property

The Pikwa property (509 claims, 260.9 square kilometres) is a 28-kilometre-long by 15-kilometre-wide project. It is 303 kilometres east of the Cree community of Wemindji in an area serviced by excellent infrastructure, including permanent roads, power grids and airport facilities. The Trans-Taiga Road, a major gravel highway in the region, crosses the property, as do two power lines. The project is a 50/50 joint venture between Azimut and Soquem, operated by Soquem with the participation of Azimut's team.

Qualified person

Dr. Jean-Marc Lulin (PGeo) prepared this press release as Azimut's qualified person within the meaning of National Instrument 43-101. Rock Lefrancois (PGeo), vice-president of exploration, and Francois Bissonnette (PGeo), operations manager, also reviewed the content of this press release.

About Azimut Exploration Inc.

Azimut is a leading mineral exploration company with a solid reputation for target generation and partnership development. The company holds the largest mineral exploration portfolio in Quebec. Its wholly owned flagship Elmer gold project is actively advanced to the initial resource stage in the James Bay region. Azimut also controls a strategic land position for copper-gold, nickel and lithium.

Azimut uses a pioneering approach to big data analytics (the proprietary AZtechMine expert system), enhanced by extensive exploration know-how. The company's competitive edge is based on systematic regional-scale data analysis and concurrently active projects. The company maintains rigorous financial discipline and a strong balance sheet, with 79.7 million shares issued and outstanding.

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