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Azimut Exploration Inc. Provides Update On Its Exploration Activities

Azimut Exploration Inc. provided an update on its exploration programs in the Eeyou Istchee James Bay region of Quebec. The access and travel restrictions imposed by the Government of Quebec in response to the unprecedented forest fire situation persisting since early June remain in place across a significant part of the region. The field programs on the Pikwa, Galinee and Pontois lithium projects have resumed now that the restrictions have been lifted for air access in these areas.

Azimut is ready to expand its activities on other key projects as the situation improves. Over the summer and fall seasons, Azimut intends to complete 10 programs through its agreements with leading companies or as self-funded programs: Pikwa Property (Lithium), SOQUEM JV, 509 claims, 260.9 km2: The prospecting phase initiated in May and operated by SOQUEM has resumed. This lithium-focused program may be followed by core drilling, contingent on the success of the prospecting phase.

Pikwa is a 28-km-long project immediately along strike of the Corvette property (Patriot Battery Metals), where an initial inferred resource estimate of 109.2 Mt at 1.42% Li2O was recently announced for the major CV5 discovery. Galinee Property (Lithium),SOQUEM JV, 649 claims, 335 km2 This 33-kilometre-long project is a key priority for the Company. The planned 1,600-metre initial drilling program will test an area adjacent to Winsome Resources lithium discovery on the Adina project.

The Galinee drilling phase should begin later this summer, immediately following the intensive prospecting phase already underway. Azimut’s field team is currently assessing ten excellent multi-kilometre target areas on the project. Corvet Property (Lithium), Rio Tinto Option, 877 claims, 451.2 km2 A comprehensive prospecting phase is scheduled to assess high-potential targets outlined by strong lithium-cesium-rubidium-gallium-tin anomalies in lake sediments.

The block will be explored from the Elmer Camp once the access restrictions are lifted in this area. Elmer Property (Gold), 515 claims, 271.3 km2: Azimut has reported all the results from its drilling programs (242 holes for 76,162.7 m) on the Patwon Gold Zone and exploration targets elsewhere on the property. The maiden resource estimate is well underway.

One remaining step is to survey the drill hole collars on the Patwon Zone to refine the resource estimate. The Company postponed the surveying task when the Elmer Camp had to beuated in early June due to the forest fire situation. The survey will be conducted once the project can be accessed.ukamas Property (Copper – Gold), KGHM Option, 537 claims, 272.5 km2 A 3,200-line-kilometre helicopter-borne high-resolution magnetic and VTEMTMPlus electromagnetic survey was completed over the entire project earlier this year.

The survey outlined highly prospective targets that will be the subject of a partner-funded ground follow-up program.apatik Property (Nickel – Copper, Lithium), Mont Royal Option, 220 claims, 115 km2. Exploration work has led to the discovery of significant nickel-copper mineralization related to an ultramafic intrusion on the property. Follow-up drilling is planned for later this year.

The Company holds the largest mineral exploration portfolio in Quebec. Its wholly owned Elmer Gold Project is advancing to the initial resource stage in the James Bay region. Azimut also controls a strategic land position for copper-gold, nickel and lithium.

Stock info – Azimut Exploration