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Azimut Appoints Krista Muhr as Director Symbol: AZM.TSX Venture

Management Changes

Azimut Appoints Krista Muhr as Director

Symbol: AZM.TSX Venture

LONGUEUIL, QC

,

March 19, 2021

/CNW Telbec/ -

Azimut Exploration Inc.

(

"Azimut"

or the

"Company"

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

Krista Muhr

to the

Board of Directors of the Company, effective

March 18, 2021

.

Krista Muhr

brings nearly 20 years of experience working with public companies in the global metals

and mining sector with strong ESG and capital market credentials at senior levels. Advisor to both

corporate and trade association boards during her 10 years in executive roles, Krista most recently

served as Senior Vice President, External Affairs and Sustainability for Eldorado Gold Corporation.

She has led award winning investor relations programs, been a key team leader in friendly and

hostile acquisitions totaling

$7B

with Andean Resources Limited and Meridian Gold Inc., and

participated in bought-deal financings worth over

$320M

.

She has been a board member of the Canadian Mining Innovation Council and of the Mining

Association of

Canada

.

Krista is currently a member of Ensign Gold Inc. Board of Directors. She holds a Bachelor of

Commerce from

Ryerson University

and a Corporate Directors International designation. She is

based in

British Columbia

.

Other Information

On

March 18, 2021

, a total of 827,000 stock options have been granted to directors, officers,

employees, and consultants. Of this number, 680,000 have been granted to directors and officers

and 157,000 to employees and consultants. These options have an exercise price of

$0.98

per

share and are exercisable for a 10-year period.

About Azimut

Azimut is a mineral exploration company whose core business is centred on target generation and

partnership development. The Company uses a pioneering approach to big data analytics (the

proprietary

AZtechMine

TM

expert system) enhanced by extensive exploration know-how. Azimut

maintains rigorous financial discipline and has 69.2 million shares outstanding. Azimut's competitive

edge against exploration risk is founded on systematic regional-scale data analysis and multiple

concurrently active projects.

SOURCE

Azimut Exploration Inc.

View original content:

http://www.newswire.ca/en/releases/archive/March2021/19/c3986.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 11:09e 19-MAR-21