Azimut Announces a $6,000,000 Private Placement Symbol: AZM.TSX Venture

Azimut Announces a $6,000,000 Private

Placement

Symbol: AZM.TSX Venture

LONGUEUIL, QC

,

Sept. 3, 2020

/CNW Telbec/ -

Azimut Exploration Inc.

("Azimut") (TSXV: AZM)

is pleased to announce its intent to proceed with a private placement of 3,333,335 common shares

at a price of

$1.80

per share for aggregate proceeds of

$6,000,003

.

The securities will be subject to a statutory hold period of four (4) months. This private placement is

subject to the final approval of the TSX Venture Exchange.

The proceeds will be used to conduct exploration work on the 100%-owned Elmer Property (gold),

to carry out other exploration work, and for business development and general corporate purposes.

About Azimut

Azimut is a mineral exploration company whose core business is centred on target generation and

partnership development. The Company uses a pioneering approach to big data analytics (the

proprietary

AZtechMine

TM

expert system) enhanced by extensive exploration know-how. Azimut

maintains rigorous financial discipline and has approximately 65.8 million shares outstanding.

Azimut's competitive edge against exploration risk is founded on systematic regional-scale data

analysis and multiple concurrently active projects.

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.

SOURCE

Azimut Exploration Inc.

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http://www.newswire.ca/en/releases/archive/September2020/03/c7340.html

%SEDAR: 00003284E

For further information:

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

646-3045, [email protected], www.azimut-exploration.com

CO: Azimut Exploration Inc.

CNW 18:39e 03-SEP-20