AZM.V · 2017-07-13 12:00:00

Azimut and SOQUEM expand their Strategic Alliance with Seven Additional Gold Properties, James Bay region, Quebec Symbol: AZM.TSX Venture

Partnerships & JV

Azimut and SOQUEM expand their Strategic Alliance with Seven Additional Gold

Properties, James Bay region, Quebec

Symbol: AZM.TSX Venture

LONGUEUIL, QC, July 13, 2017 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company" )

(TSXV: AZM ) announces that seven (7) additional gold properties will be subject to an exploration

program under the Strategic Alliance ( "the Alliance" ) with SOQUEM in the James Bay region. This

represents a significant addition to the recently announced program, which already covers four (4) oth er

properties held by the Alliance (see press release of July 11, 2017).

The James Bay–Eeyou Istchee Territory is one of the most active regions for gold exploration in Canada.

Azimut is among the leading exploration companies in the region with a portfolio of 20 properties cove ring

3,965 claims over 2,059 km 2 (see figure attached ).

The seven properties subject to this new field program include a total of 794 claims covering 409.5 km 2,

as follows: Galinée (349 claims), Sauvolles (150 claims), Dalmas (77 claims), Orsigny (46 claims),

Synclinal North (46 claims), Synclinal South (54 claims) and Corvet (72 claims). They were acquired

by map designation based on the results of systemat ic regional-scale mineral potential modelling

completed by Azimut within the framework of the Alliance.

Azimut currently owns a 100% interest in these properties. The program is 100% funded by our partner

with a budget of $247,000. The acquired data will be used by SOQUEM to decide which properties it will

retain for additional investment under the terms of the Alliance (see press release of September 26,

2016).

This phase of work will consist of a detailed lake-bottom sediment survey comprising about 605 samples

on six of the properties (Galinée, Sauvolles, Dalmas, Orsigny, Synclinal North and Synclinal South) and

reconnaissance prospecting on the seventh (Corvet). Azimut is manager of the program.

SOQUEM , a subsidiary of Investissement Québec, is a leading player in mineral exploration in Québec.

Its mission is to explore, discover and develop mining properties in Québec. SOQUEM has participated i n

more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and

other minerals.

Azimut is a mineral exploration company with a core busin ess centred on target generation and

concurrent partnership development. Targets are identified using advanced processing of large

geoscientific databases, enhanced by extensive exploration know-how. Azimut holds a strategic position

for gold and base metals in Quebec. The Company has 45.4 million shares outstanding.

This press release was prepared by geologist Jean-M arc Lulin, acting as Azimut's Qualified Person under

National Instrument 43-101.

www.azimut-exploration.com

SOURCE Azimut Exploration Inc.

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http://www.newswire.ca/en/releases/archive/July2017 /13/c6578.html

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For further information: Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015, Fax: (450) 646-

CO: Azimut Exploration Inc.

CNW 07:00e 13-JUL-17