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Azimut Appoints Jonathan Rosset as VP Corporate Development

Management Changes

Azimut Appoints Jonathan Rosset as VP

Corporate Development

TSXV: AZM

OTCQX: AZMTF

LONGUEUIL, QC

,

May 17, 2022

/CNW Telbec/ -

Azimut Exploration Inc.

(

"Azimut"

or the

"Company"

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

Jonathan Rosset

as Vice-President Corporate Development for the Company. Mr. Rosset will be

based in

Vancouver

(

British Columbia

), where he will represent the Company.

In his role, Mr. Rosset will develop new partnerships on the Company's exploration projects, as well

as expand Azimut's visibility with the investor and financial communities.

During his career, Mr. Rosset has acquired a strong corporate development experience in the mining

industry with companies operating in

Canada

and in

South America

, which is combined with broad

financial and capital market knowledge. He was recently working as Vice-President of Corporate

Development for Mirasol Resources Ltd. and previously served as Vice-President of Corporate

Development for Callinan Royalties Corporation until its acquisition by Altius Minerals Corporation in

2015.

Mr. Rosset holds the Chartered Financial Analyst® designation and graduated from the IÉSEG

School of Management in

France

, with M.Sc degree in Management.

A total of 300,000 stock options from Azimut have been granted to Mr. Rosset. These options will

vest in tranches over a four (4) year period with an exercise price of

$1.20

per share, and are

exercisable for a ten (10) year period. This grant is subject to regulatory approval.

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 the

Province of

Quebec

. Azimut is actively advancing its wholly-owned flagship Elmer Gold Project in the

James Bay

region to the initial resource stage.

The Company 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, with 81.9 million shares issued and

outstanding.

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/May2022/17/c0926.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 06:30e 17-MAY-22