Azimut Announces Results of the Annual General Meeting
For immediate release
February 24, 2025
TSXV: AZM
OTCQX: AZMTF
Press Release
Azimut Announces Results of the Annual General Meeting
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 20, 2025.
A total of 45,175,458 shares were represented in person or by proxy at the Meeting corresponding to 52.72%
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 43,224,896 99.35% 284,438 0.65% 43,509,334
Jean-Marc Lulin 43,393,048 99.73% 116,286 0.27% 43,509,334
Jean-Charles Potvin 43,363,648 99.67% 145,686 0.33% 43,509,334
Jacques Simoneau 43,386,548 99.72% 122,786 0.28% 43,509,334
Michel Brunet 43,395,148 99.74% 114,186 0.26% 43,509,334
Christiane Bergevin 43,395,368 99.74% 113,966 0.26% 43,509,334
Vanessa Laplante 43,394,868 99.74% 114,466 0.26% 43,509,334
Appointment of Auditors 44,291,333 99.48% 233,118 0.52% 44,524,451
Each of the resolutions approved at the Meeting are described in detail in the Company’s Management
Proxy Circular dated January 6, 2025, available on SEDAR+ at sedarplus.ca.
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.
In addition, 10,000 stock options were granted to a director in connection with their appointment as the new
chair of the audit committee. These options have an exercise price of $0.57 per share and are exercisable
for a 10-year period.
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’s wholly owned flagship project, the Elmer Gold Project, is at the resource stage (311,200 oz Indicated;
513,900 oz Inferred*) and has a strong exploration upside. The Company is also advancing the Galinée lithium
discovery with its joint venture partner SOQUEM Inc. In addition, significant exploration progress was made in
2024 on three other projects: Wabamisk (antimony-gold; lithium ), Kukamas (nickel-copper-PGE) and
Pilipas (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. Azimut maintains rigorous financial discipline and a strong balance sheet, with 85.7 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
___________________________________________________________________________________
* Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit , Elmer Property, Quebec. Canada, dated January 4, 2024, and
prepared by Martin Perron, P.Eng., Chafana Hamed Sako, P.Geo., Vincent Nadeau -Benoit, P.Geo., and Simon Boudreau, P.Eng., of InnovExplo
Inc.
Cautionary note regarding forward-looking statements
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 forw ard-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.