Azimut Obtains High-Grade Gold Results from Channel Sampling on the Rosa Zone, Wabamisk Project, James Bay, Quebec Maiden Drilling Program Reveals Visible Gold in Several Holes Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF)
For immediate release
October 28, 2025
TSXV: AZM
OTCQX: AZMTF
Press Release
Azimut Obtains High-Grade Gold Results from Channel Sampling on
the Rosa Zone, Wabamisk Project, James Bay, Quebec
Maiden Drilling Program Reveals Visible Gold in Several Holes
Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF)
announces that high-grade gold assay results have been obtained from channel sampling on the Rosa
Zone (“Rosa”), which was discovered by prospecting this summer on the Company’s wholly owned
Wabamisk Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Québec,
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 September 29, 2025i and August 28, 2025ii).
HIGHLIGHTS (see Figures 1 to 6 and Photos 1 to 11)
• Following a short mechanical stripping phase, forty (40) 1-metre-long channel samples were collected
perpendicularly to the geological strike and the main mineralized quartz vein system. Nine (9) 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 twenty (20) samples above 1.0 g/t Au, eight (8) exceeding 5.0 g/t Au (see Figure 6).
The highlights are as follows:
Dom Trench:
o 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
o 3.79 g/t Au over 2.0 m
Gesu Trench:
o 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
o 9.29 g/t Au over 5.0 m, including 40.8 g/t Au over 1.0 m
o 1.39 g/t Au over 3.0 m
o Grab samples of up to 93.9 g/t Au over 0.35 m
• Of the ten (10) holes (1,362 m) completed to date , five (5) 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 -45 degrees (see hole
location at Figure 5). VG was encountered at the following downhole depths (Photos 5 to 11):
o Hole WR25-02: VG at 57.07 m
o Hole WR25-03: VG at 35.6 m, 35.8 m, 42.1 m to 42.2 m, and 44.06 m
o Hole WR25-05: VG at 17.5 m
o Hole WR25-06: VG at 7.9 m
o 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% to 5% , in veins and altered host rocks, locally displaying
brecciated textures.
- Visible gold, including coarse gold , observed in association with quartz veins at more than ten (10)
surface locations over a 300-metre distance.
- Multiple high-grade gold results (see press release of September 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 metre s; 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 5 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 km 2. The adjacent Wabamisk East
Property (205 claims, 108.5 km2) 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 powerlines 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, Québec, 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 (Québec), 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 (P.Geo.), Azimut’s Project Manager.
Qualified Person
Dr. Jean -Marc Lulin (P.Geo.), Azimut’s President and CEO, 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
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% Azimut) – Fortin Zone (antimony-gold): results for 7 holes are pending and will be reported
as soon as they are received; Rosa Zone (gold): drilling in progress.
• Elmer (100% Azimut) – Patwon gold deposit at the resource stage (311,200 oz Indicated and 513,900 oz
Inferrediii); internal scoping study in progress; field assessment of the K2 claim block.
• Wabamisk East (Rio Tinto option) – Lithos North & South (lithium); comprehensive field evaluation underway
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 Galinée 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 Limited and Centerra Gold
Inc., which hold approximately 11% and 9.9%, respectively, of the Company’s issued and outstanding shares.
Contact and Information
Jean-Marc Lulin, President and CEO
Tel.: (450) 646-3015 – Fax: (450) 646-3045
Jonathan Rosset, Vice President Corporate Development
Tel.: (604) 202-7531
[email protected] www.azimut-exploration.com
Cautionary note regarding forward-looking statements
This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events related
to the drilling results from the Wabamisk Property. To the extent that any statements in this press release contain inf ormation that is not
historical, the statements are essentially forward -looking and are often identified by words such as “consider”, “anticipate”, “expect”,
“estimate”, “intend”, “project”, “plan”, “potential”, “suggest” and “believe”. The forward-looking statements involve risks, uncertainties, and
other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Many
factors could cause such differences, particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency
exchange rates and interest rates, imprecision in reserve estimates, recoveries of gold and other metals, environmental risks including
increased regulatory burdens, unexpected geolo gical conditions, adverse mining conditions, community and non -governmental
organization actions, changes in government regulations and policies, including laws and policies, global outbreaks of infectious diseases,
including COVID-19, and failure to obtai n necessary permits and approvals from government authorities, as well as other development
and operating risks. Although the Company believes that the assumptions inherent in the forward -looking statements are reasonable,
undue reliance should not be placed on these statements, which only apply as of the date of this document. The Company disclaims any
intention or obligation to update or revise any forward -looking statement, whether as a result of new information, future events or
otherwise, other than as required to do so by applicable securities laws. The reader is directed to carefully review the detailed risk
discussion in our most recent Annual Report filed on SEDAR+ for a fuller understanding of the risks and uncertainties that af fect the
Company’s business.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
i Azimut Starts Drilling High-Grade Gold Zone at Wabamisk, James Bay Region, Québec
ii Azimut Discovers New High-Grade Gold Zone at Wabamisk, James Bay Region, Québec, Canada
iii Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit, Elmer Property, Québec, Canada , prepared by Martin Perron, P.Eng., Chafana Hamed
Sako, P.Geo., Vincent Nadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated January 4, 2024. The initial MRE comprises Indicated reso urces of
311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.