Mr. Jean-Marc Lulin reports

AZIMUT GRANTS STOCK OPTIONS

On March 1, 2024, a total of 80,000 stock options were granted to a newly elected Azimut Exploration Inc. board member, Vanessa Laplante (see press release of Feb. 26, 2024). These options have an exercise price of 81 cents per share, set at the closing price of March 1, and they are exercisable for a 10-year period.

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 (Canada). Its wholly owned flagship project, the Elmer gold project, has advanced to the resource stage with a strong exploration upside. The company 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. Azimut maintains rigorous financial discipline and a strong balance sheet, with 85.4 million shares issued and outstanding.