Azimut closes a $1.55 million Flow-Through Private Placement Financing Symbol: AZM.TSX Venture

Azimut closes a $1.55 million Flow-Through Private Placement

Financing

Symbol: AZM.TSX Venture

LONGUEUIL, QC

,

Dec. 28, 2017

/CNW Telbec/ - Azimut Exploration Inc. ("

Azimut

") (

TSXV: AZM

) announces the closing of a non-

brokered flow-through private placement of

$1,550,000

. The placement consists of 3,100,000 flow-through common shares at a price of

$0.50

per share.

Proceeds from this placement will be used by Azimut to incur eligible Canadian exploration expenses for exploration programs on its mineral

properties, including the Eleonore South JV Property.

The securities issued under this financing will be subject to a hold period of four months from the closing date. No commissions or finder's fees

have been paid in respect of this financing.

About Azimut Exploration

Azimut is a mineral exploration company whose core business is centred on target generation and concurrent partnership development. Targeting is

performed using a pioneering proprietary approach to Big Data analytics, enhanced by extensive exploration know-how.

Azimut holds a strategic position for gold and base metals in

Quebec

, including one of the largest exploration portfolios in the

James Bay

region

(21 properties covering 4,135 claims or 2,116 km

2

).

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/December2017/28/c4799.html

%SEDAR: 00003284E

For further information:

Jean-Marc Lulin, President and CEO, Tel.: (450) 646-3015 - Fax: (450) 646-3045, [email protected]

CO: Azimut Exploration Inc.

CNW 16:46e 28-DEC-17