Mr. Jean-Marc Lulin reports

AZIMUT STARTS DRILLING HIGH-GRADE GOLD ZONE AT WABAMISK, JAMES BAY REGION, QUÉBEC

Azimut Exploration Inc. has started a maiden 1,500-metre core drilling program is under way on the Rosa zone, which was discovered this summer by prospecting. Additional drilling is planned, and contingent on positive initial results. The Rosa zone is located on the company's wholly owned Wabamisk property in the Eeyou Istchee James Bay region of Quebec, Canada (see press release of Aug. 28, 2025).

The results of systematic follow-up work following the surface discovery were used to prepare the drilling program. The work included an induced polarization (IP) survey totalling 11 line kilometres, which outlined a continuous east-west chargeability anomaly extending over 1.4 kilometres, strongly correlated with a 300-metre strike of high-grade, gold-bearing grab samples from outcrops. The survey also identified a subparallel chargeability anomaly, located roughly 50 to 200 metres to the north.

Together, the IP data and prospecting results define a highly prospective 1.4-kilometre-by-200-metre corridor that will be tested by the maiden drilling program.

Rosa zone -- preliminary description

• Mineralization and alteration:
  • Sheared quartz vein system with disseminated sulphides (pyrite, pyrrhotite, chalcopyrite) in small amounts, generally less than 2 per cent, in veins and altered host rocks, locally displaying brecciated textures.
  • Visible gold, including coarse gold, associated with quartz veins, observed at more than 10 locations within a well-identified high-grade 300-metre-long distance.
  • Multiple high-grade gold results: Thirty-six grab and channel samples with grades above 1.0 gram per tonne Au, including 15 samples above 5.0 g/t Au (up to 42.0 g/t Au). Grab samples are selective by nature, unlikely to represent average grades and may not represent true underlying mineralization.
  • Alteration characterized by tourmaline and chlorite, mostly bordering the quartz veins.
• Geometry:
  • Mineralized outcrops over a 700-metre east-west strike, supported by field and magnetic data, with consistent high-grade gold results over 300 metres; open in all directions. The IP results now suggest a minimum strike of 1.4 kilometres.
  • Veined shear zone indicates Rosa is at least five to 10 metres thick; widths not yet fully defined.
  • Steep dip to the south.
  • Preliminary definition of a second subparallel gold-bearing trend striking 300 metres roughly 120 metres south of Rosa, which could not be characterized by the IP survey due to its location along the shoreline.
• Geological context:
  • Archean greenstone belt in the volcano-plutonic La Grande subprovince, close to the tectono-metamorphic boundary with the metasedimentary Opinaca subprovince.
  • Shear-hosted quartz vein system (shear veins and extensional veins) hosted in felsic volcanic tuffs.

Preparatory work for the drilling program

• Systematic surface prospecting yielding 217 grab and channel rock samples (198 grabs and 19 sawed channel samples for a total of 18.5 m). All assay results have now been received.
• Soil geochemistry survey yielding 253 samples (B Horizon).
• Reprocessing of a very high-resolution heliborne magnetic survey covering the zone.
• Ground geophysics with an 11-line-kilometre IP survey carried out by TMC Geophysics of Val d'Or, Que., using a dipole-dipole array with readings every 25 metres (n equals one to eight).
• Mechanical stripping of several mineralized outcrops (in progress).

About the Wabamisk property

Wabamisk is a wholly owned project comprising 673 claims covering 356 square kilometres. The property now includes the 118 claims (62.5 square kilometres) of the former Chromaska property, which have been integrated into the project. The adjacent Wabamisk East property (205 claims, 108.5 square kilometres) has been optioned to Rio Tinto for its lithium potential. Together, the Wabamisk and Wabamisk East projects provide a strategic 51-kilometre strike position in one of the most prospective belts in the James Bay region.

Wabamisk lies 13 kilometres east of the Clearwater property (Fury Gold Mines Ltd.), 42 kilometres northeast of the Whabouchi lithium deposit (Rio Tinto-Nemaska Lithium) and 70 kilometres south of the Eleonore gold mine (Dhilmar Ltd). Major power lines pass through or close to the property's eastern end and the North Road highway passes 37 kilometres to the south. The nearest town is Nemaska, a Cree village municipality 55 kilometres to the southwest.

Drilling contract, analytical protocols and project management

Nouchimi-RJLL Drilling Inc. of Rouyn-Noranda, Que., is conducting the drilling program using NQ core diameter. Rock samples are sent to ALS Laboratories in Val d'Or or Montreal (Quebec), where gold is analyzed by fire assay, with atomic absorption and gravimetric finishes for grades above 3.0 g/t Au. Samples are also analyzed for a 48-element suite using ICP. Azimut applies industry-standard QA/QC procedures to its drilling and prospecting programs. All batches sent for analysis include certified reference materials, blanks and field duplicates.

The project is under the direction of Alain Cayer (PGeo), Azimut's project manager.

Qualified person

Dr. Jean-Marc Lulin (PGeo), Azimut's president and chief executive officer, prepared this press release and approved the scientific and technical information disclosed herein, including the previously reported results presented in the figures supporting this press release. He is acting as the company's qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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 is concurrently advancing several high-potential projects:

• Wabamisk (100 per cent Azimut): Fortin zone (antimony-gold): results are pending and will be reported as soon as they are received; Rosa zone (gold): drilling in progress;
• Elmer (100 per cent Azimut): Patwon gold deposit at the resource stage (311,200 ounces Indicated and 513,900 ounces inferred); internal scoping study in progress; field assessment of the K2 claim block;
• Wabamisk East (Rio Tinto option): Lithos North and South (lithium); comprehensive field evaluation under way prior to drilling;
• Kukamas (KGHM option): Perseus zone (nickel-copper-PGE (platinum group element)); drilling in progress.

In addition, Azimut holds an important position in an emerging lithium district with its Galinee discovery, a joint venture project with SOQUEM.

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.

Azimut has two strategic investors among its shareholders, Agnico Eagle Mines Ltd. and Centerra Gold Inc., which hold approximately 11 per cent and 9.9 per cent, respectively, of the company's issued and outstanding shares.

We seek Safe Harbor.