Azimut Announces Results of the Annual General Meeting and Election of Vanessa Laplante to the Board
For immediate release
February 26, 2024
TSXV: AZM
OTCQX: AZMTF
Press Release
Azimut Announces Results of the Annual General Meeting
and Election of Vanessa Laplante to the Board
Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV:AZM) (OTCQX:AZMTF)
is pleased to announce the voting results for its Annual General Meeting (the “Meeting”) of shareholders
held February 23, 2024. At the Meeting, Mrs. Vanessa Laplante was elected as a director to join the Board
and the Company anticipates the valuable contribution she will bring. The Board of Directors also wishes to
acknowledge the remarkable participation and commitment to the Company by Mrs. Angelina Mehta, who
did not stand for reappointment.
A total of 49,951,089 shares were present in person or by proxy at the Meeting representing 58.5% of the
issued and outstanding shares of the Company. Shareholders approved all matters presented at the
meeting as follows:
Votes For % For Vote Withheld % Withheld Total Voted
Elections of Directors
Glenn J. Mullan 48,318,637 99.41% 288,208 0.59% 48,606,845
Jean-Marc Lulin 48,527,059 99.84% 79,786 0.16% 48,606,845
Jean-Charles Potvin 48,527,559 99.84% 79,286 0.16% 48,606,845
Jacques Simoneau 48,563,459 99.91% 43,386 0.09% 48,606,845
Michel Brunet 48,256,379 99.28% 350,466 0.72% 48,606,845
Christiane Bergevin 48,253,229 99.27% 353,616 0.73% 48,606,845
Vanessa Laplante 48,564,129 99.91% 42,716 0.09% 48,606,845
Appointment of Auditors 48,857,017 99.81% 90,822 0.19% 48,947,839
Each of the resolutions approved at the Meeting are described in detail in the Company’s Management
Proxy Circular dated January 19, 2024, available on SEDAR+ at sedarplus.ca.
Vanessa Laplante brings over 32 years of experience in management, finance, and taxation, including 18
years in the mining industry. She is a leader in her specialized field, mining taxation. From 2021 to 2023,
she served as the President of the Board of D irectors for the Quebec Mining Association, becoming the
second woman in the history of QMA to hold this position. During her tenure, she chaired the taxation
committee for over 10 years. Mrs. Laplante has developed her expertise within major Canadian gold
producers. She held the position of Director of Tax and the Montreal office as well as Treasurer for the
Canadian Malartic Partnership, a company formerly owned by Agnico Eagle Mines L td and Yamana Gold
Inc and operating the Canadian Malartic and Odyssey mines from 2014 to 2023. She has also held similar
roles and made significant contributions at Osisko Mining Corporation from 2010 to 2014, Iamgold
Corporation, and Cambior Inc from 2006 to 2010. She is an independent director and Chair of the Audit
Committee at Critical Elements Lithium Corporation since 2022 . She was a member of the advisory
committee on the simplification of the mining royalty regime formed by the Quebec Ministry of Natural
Resources from 2015 to 2019.
Ms. Laplante holds the ASC, C.Dir. designation - Certified Corporate Director of the University Laval
Certification Program in Corporate Governance. She also holds a bachelor’s degree in business
administration from the University of Sherbrooke and is a membe r of the Ordre des comptables
professionnels agréés du Québec (CPA designation).
Following the Meeting, the Board of Directors reappointed the following officers of the Company: Jean-Marc
Lulin, President and CEO ; Moniroth Lim, CFO and Corporate Secretary ; Jonathan Rosset, VP Corporate
Development; Rock Lefrancois, VP Exploration.
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 (Canada). Its wholly owned
flagship project, the Elmer Gold Project, has advanced to the resource stage with a strong exploration upside.
The Company also controls a strategic land position for copper-gold, nickel and lithium.
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 and concurrently active projects. Azimut maintains rigorous financial discipline and a strong
balance sheet, with 85.4 million shares issued and outstanding.
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
This press release contains forward-looking statements, which reflect the Company’s current expectations regarding future events. To the
extent that any statements in this press release contain information that is not historical, the statements are essentially forward-looking and
are often identified by words such as “anticipate”, “expect”, “estimate”, “intend”, “project”, “plan” 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. There are many factors that could cause such differences, particularly volatility and sensitivity to market
metal prices, impact of change in foreign currency exchange rates and interest rates, imprecision in reserve estimates, environmental risks
including increased regulatory burdens, unexpected geological conditions, adverse mining conditions, changes in government regulations
and policies, including laws and policies, and failure to obtain 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.
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.