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Azimut Appoints Christiane Bergevin as Board Member

Management Changes

Azimut Appoints Christiane Bergevin as Board

Member

TSXV: AZM

OTCQX: AZMTF

LONGUEUIL, QC

,

Aug. 15, 2022

/CNW Telbec/ -

Azimut Exploration Inc.

(

"Azimut"

or the

"Company"

) (TSXV: AZM) (OTCQX: AZMTF) is very pleased to announce the appointment of Ms.

Christiane Bergevin

to the Board of Directors of the Company.

Ms. Bergevin has achieved outstanding corporate development success in financial services and

productive sectors across Canada and internationally. She notably led a premier infrastructure

advisory business, closing over

$10B

in Energy, Transport, Resources, First Nations and regulated

transactions. Christiane benefits from a vast expertise in M&A, capital markets, innovation, ESG and

public policy.

As President of Bergevin Capital, Ms. Bergevin provides strategic counselling to major international

consulting firms, private equity firms and corporate clients. She is a Senior Advisor with

Roland

Berger Canada

(Energy / Utilities and Sustainability) and was previously advising Hydro One

(Strategy, Innovation and Corporate Development Group). She has extensive governance

experience and currently serves on the board of Yamana Gold Inc., the supervisory Board of RATP

Dev and the advisory board of AGF Group Inc. Ms. Bergevin is a former Chair and serves as

Governor of the Canadian Chamber of Commerce.

Former executive positions include Executive Vice President, Partnership and Business Development

(2009-2015) with Desjardins Group, and President (2001-2008) and Senior Vice President &

General Manager (1997-2001) with SNC-Lavalin Capital Inc.

Ms. Bergevin holds a Bachelor of Commerce, Finance and Entrepreneurship with Distinction from

McGill University

, and graduated from the Wharton School of Business (Advanced Management

Program). She holds the ICD.D designation from the Institute of Corporate Directors.

Other Azimut board members are Mr. Glenn Mullan (Chair of the Board), Mr.

Michel Brunet

, Dr.

Jean-Marc Lulin

, Ms. Angelina Mehta, Mr.

Jean-Charles Potvin

and Dr.

Jacques Simoneau

.

Other Information

On

August 11, 2022

, a total of 1,165,000 stock options were granted to directors, officers,

employees, and consultants. Of this number, 1,040,000 have been granted to directors and officers

and 125,000 to employees and consultants. These options have an exercise price of

$0.81

per

share and are exercisable for a 10-year period.

About Azimut Exploration

Azimut is a leading mineral exploration company with a solid reputation for target generation and

partnership development. In the

James Bay

region,

Azimut is actively advancing its

100%-owned

flagship Elmer Gold Project to the initial resource stage

.

Azimut uses a pioneering approach to big data analytics (the proprietary

AZtechMine

TM

expert

system), enhanced by extensive exploration know-how. Azimut'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.

www.azimut-exploration.com

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.

View original content:

http://www.newswire.ca/en/releases/archive/August2022/15/c0180.html

%SEDAR: 00003284E

For further 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],

CO: Azimut Exploration Inc.

CNW 06:30e 15-AUG-22