Azimut announces Hecla will undertake a $925,000 exploration program, including 2,500 metres of drilling, on the Opinaca B Property in the Eleonore mining camp Symbol: AZM.TSX Venture

Azimut announces Hecla will undertake a $925,000 exploration program, including 2,500 metres of drilling, on the Opinaca

B Property in the Eleonore mining camp

Symbol: AZM.TSX Venture

LONGUEUIL, QC, Jan. 23, 2017 /CNW Telbec/ - Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) is pleased to announce that Hecla

Mining Company ("Hecla") (NYSE-HL) will inv est $925,000 in new exploration on the Opinaca B gold property, held by Azimut and its partner Everton

Res ources Inc. (TSXV: EVR).

The 2017 program will consist of a ground magnetic and electro-magnetic surv ey, followed by 2,500 metres of diamond drilling that will focus on two targets with

strong potential for gold discov eries: the Dominic area and the Fishhook structure (see attached figures). Hecla greatly improv ed the definition of these targets

during the 2016 program, which included a detailed interpretation of prev ious magnetic data and comprehensiv e field work. The Opinaca B property, comprising

248 claims cov ering 129.7 km2, is located in a highly prospectiv e part of the Eleonore mining camp.

Field work conducted in 2016 consisted of the following: prospecting and the collection of 548 rock grab samples; mechanized stripping in 6 different areas; and

channel sampling along 10 distinct channels for a total length of 202.2 metres.

A total of 12 grab samples returned v alues higher than 0.1 g/t Au, including 1.4 g/t Au and 1.1 g/t Au from outcrops (Dominic Prospect), and 1.4 g/t Au from a

block (Fishhook Prospect). These anomalous v alues are generally associated with metasediments and paragneisses carrying sulphides and/or magnetite.

A total of 9 channel samples returned v alues higher than 0.1 g/t Au in metasediments, including 1.8 g/t Au ov er 0.75 m and 1.2 g/t Au ov er 1.0 m from the

Dominic Prospect.

Hecla has the option to acquire a 50% interest in the Opinaca B property by incurring $6 million in exploration work. The Company anticipates this expenditure

should be completed by Nov ember 2017. Following this first option, Hecla has been granted a second option which terms hav e been described in Azimut's press

releases dated September 16, 2010 and April 21, 2016.

This press release was prepared by geologist Jean-Marc Lulin, acting as Azimut's Qualified Person under NI 43-101.

Azimut is a mineral exploration company with a core business centred on target generation and concurrent partnership dev elopment. Targets are identified using

adv anced processing of large geoscientific databases, enhanced by extensiv e exploration know-how. Azimut holds a strategic position for gold and base metals in

Quebec, including 15 exploration properties for gold in the James Bay region.

SOURCE Azimut Exploration Inc.

%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 07:00e 23-JAN-17