Dr. Jean-Marc Lulin reports

AZIMUT OBTAINS HIGH-GRADE GOLD RESULTS FROM CHANNEL SAMPLING ON THE ROSA ZONE, WABAMISK PROJECT, JAMES BAY, QUEBEC

Azimut Exploration Inc. has released high-grade gold assay results have been obtained from channel sampling on the Rosa zone, which was discovered by prospecting this summer on the company's wholly owned Wabamisk property in the Eeyou Istchee James Bay region of Quebec, Canada. In addition, several holes from the initial 1,500-metre core drilling program also display visible gold (VG).

The occurrences of visible gold in drill core correlate geometrically with gold-bearing outcrops over a 700-metre east-west strike extent and are concordant with induced polarization anomalies (IP) defined over a minimum strike of 1.4 kilometres. These positive results prompted the company to increase the initial drilling program to at least 2,000 metres. Assay results are pending. Subject to assay results, Azimut is planning an expanded drilling program at Rosa.

The Rosa zone is located approximately 15 km west of the Fortin antimony-gold zone on the same property (see press releases of Sept. 29, 2025, and Aug. 28, 2025).

Highlights

• Following a short mechanical stripping phase, 40 one-metre-long channel samples were collected perpendicularly to the geological strike and the main mineralized quartz vein system. Nine sawed grab samples were also collected. Grab samples are selective by nature, unlikely to represent average grades and may not represent true underlying mineralization.

The program yielded 20 samples above 1.0 gram per tonne Au, eight exceeding 5.0 g/t Au. The highlights are as follows:

Dom trench:

• 23.0 g/t Au over 3.0 m (open interval), including 45.8 g/t Au over 1.0 m and 21.2 g/t Au over 1.0 m;
• 3.79 g/t Au over 2.0 m.

Gesu trench:

• 30.17 g/t Au over 4.0 m (open interval), including 111.5 g/t Au over 1.0 m and 7.54 g/t Au over 1.0 m;
• 9.29 g/t Au over 5.0 m, including 40.8 g/t Au over 1.0 m;
• 1.39 g/t Au over 3.0 m;
• Grab samples of up to 93.9 g/t Au over 0.35 m;
• Of the 10 holes (1,362 m) completed to date, five holes display VG. These first holes were designed to investigate the depth extent of the surface gold showings and the continuous IP anomalies that correlate well with them. Together, the IP data and surface results define a highly prospective 1.4-kilometre-by-200-metre corridor. All holes displaying VG were drilled to the north at negative 45 degrees. VG was encountered at the following down hole depths:
  • Hole WR25-02: VG at 57.07 m;
  • Hole WR25-03: VG at 35.6 m, 35.8 m, 42.1 m to 42.2 m and 44.06 m;
  • Hole WR25-05: VG at 17.5 m;
  • Hole WR25-06: VG at 7.9 m;
  • Hole WR25-07: VG at 25.75 m.

Rosa zone -- preliminary description

• Mineralization and alteration:
  • Sheared quartz vein system with disseminated sulphides (pyrite, pyrrhotite, chalcopyrite, arsenopyrite) in small amounts, ranging from less than 2 per cent to 5 per cent, in veins and altered host rocks, locally displaying brecciated textures;
  • Visible gold, including coarse gold, observed in association with quartz veins at more than 10 surface locations over a 300-metre distance;
  • Multiple high-grade gold results (see press release of Sept. 29, 2025, and this release);
  • Alteration characterized by tourmaline and chlorite, mostly bordering the quartz veins.
• Geometry:
  • Mineralized outcrops over a 700-metre east-west strike extent, supported by field and magnetic data, with consistent high-grade gold results over 300 metres; open in all directions. IP results suggest a minimum strike of 1.4 kilometres;
  • Mineralized corridor with shearing and quartz veining indicates Rosa is at least five to 15 metres thick; widths not yet fully defined as assays are still pending;
  • Steep dip to the south;
  • Preliminary definition of a second subparallel gold-bearing trend over an approximate strike of 300 metres, roughly 120 metres south of Rosa, which could not be characterized by the IP survey due to its location along a 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 metasediments (previously described as felsic volcanic tuffs).

About the Wabamisk property

Wabamisk is a wholly owned project comprising 673 claims covering 356 square kilometres. The adjacent Wabamisk East property (205 claims, 108.5 square km) has been optioned to Rio Tinto for its lithium potential. Together, the Wabamisk and Wabamisk East projects cover a 51-kilometre strike, providing a strategic 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.

Sawed channel and grab samples and sawed half core 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 (quality assurance/quality control) 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 for seven holes 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 oz 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 to prepare for drilling phase;
• Kukamas (KGHM option): Perseus zone (nickel-copper-PGE); drilling phase completed; assay results are pending and will be reported as soon as they are received.

Azimut also 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.