Mr. Jean-Marc Lulin reports

AZIMUT ANNOUNCES RESULTS OF THE ANNUAL GENERAL MEETING

Azimut Exploration Inc. has released the voting results for its annual general meeting of shareholders held Feb. 20, 2025.

A total of 45,175,458 shares were represented in person or by proxy at the meeting, corresponding to 52.72 per cent of the issued and outstanding shares of the company. Shareholders approved all matters presented at the meeting (see an attached table).

Each of the resolutions approved at the meeting is described in detail in the company's management proxy circular dated Jan. 6, 2025, available on SEDAR+.

Following the meeting, the board of directors reappointed the following officers of the company: Jean-Marc Lulin, president and chief executive officer; Moniroth Lim, chief financial officer and corporate secretary; Jonathan Rosset, vice-president of corporate development; Rock Lefrancois, vice-president of exploration.

In addition, 10,000 stock options were granted to a director in connection with their appointment as the new chair of the audit committee. These options have an exercise price of 57 cents per share and 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, controlling strategic land positions for gold, copper, nickel and lithium.

Azimut's wholly owned flagship project, the Elmer gold project, is at the resource stage (311,200 ounces indicated, 513,900 ounces inferred) and has a strong exploration upside. The company is also advancing the Galinee lithium discovery with its joint venture partner, SOQUEM Inc. In addition, significant exploration progress was made in 2024 on three other projects: Wabamisk (antimony-gold, lithium), Kukamas (nickel-copper-platinum-group-elements) and Pilipas (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. Azimut maintains rigorous financial discipline and a strong balance sheet.

We seek Safe Harbor.