Azimut Confirms Significant Gold Discovery at Rosa, Wabamisk Property, James Bay, Québec Highlights include 3.26 g/t Au over 9.35 m within 28.90 m grading 1.29 g/t Au Gold zone traced over 1.4 kilometres, open in all directions
For immediate release
February 09, 2026
TSXV: AZM
OTCQX: AZMTF
Press Release
Azimut Confirms Significant Gold Discovery at Rosa,
Wabamisk Property, James Bay, Québec
Highlights include 3.26 g/t Au over 9.35 m within 28.90 m grading 1.29 g/t Au
Gold zone traced over 1.4 kilometres, open in all directions
Follow-up 2,000-metre drilling program underway to accelerate expansion
Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) ( TSXV: AZM) (OTCQX: AZMTF)
announces the complete results from its maiden diamond drilling campaign on the Rosa Zone (“Rosa”) at its
wholly owned Wabamisk Property in the Eeyou Istchee James Bay region of Québec, one of the most active
and infrastructure-advantaged mineral regions in Canada (see Figures 1 to 8).
The initial 3,633-metre, 26-hole drilling program confirms Rosa as a robust, laterally continuous gold system with
encouraging grades and thicknesses. The Company has launched a minimum 2,000-metre follow-up program
to expand its footprint and further define its geometry and the controls on high-grade gold mineralization.
SALIENT FACTS
• Initial drilling confirms a significant gold-bearing mineralized system.
• The Rosa Zone remains open along strike and at depth; furthermore, other subparallel targets remain
untested.
• Upside potential is supported by the strong correlation between gold mineralization and induced polarization
geophysical anomalies.
• Three additional major, multi-kilometre-scale target areas, to be assessed in 2026, have been identified near
the Rosa and Fortin zones.
DRILLING HIGHLIGHTS (Figures 5 and 6, Tables 1 and 2)
The ten (10) best holes drilled at Rosa are:
• WR25-03 1.29 g/t Au over 28.80 m (from 23.70 m to 52.50 m), including
3.26 g/t Au over 9.35 m (from 35.50 m to 44.85 m)
• WS25-04 2.10 g/t Au over 10.50 m (from 23.50 m to 34.00 m), including
4.03 g/t Au over 4.50 m (from 23.50 m to 28.00 m) with
10.84 g/t Au over 1.50 m (from 26.50 m to 28.00 m)
• WR25-26: 1.53 g/t Au over 6.29 m (from 72.71 m to 79.00 m), including
4.53 g/t Au over 2.00 m (from 72.71 m to 74.71 m)
2.71 g/t Au over 4.05 m (from 103.45 m to 107.50 m)
• WR25-09: 1.63 g/t Au over 9.00 m (from 42.50 m to 51.50 m), including
8.50 g/t Au over 1.50 m (from 50.00 m to 51.50 m)
0.70 g/t Au over 9.25 m (from 65.10 m to 74.35 m), including
3.04 g/t Au over 1.35 m (from 73.00 m to 74.35 m)
• WR25-06: 2.99 g/t Au over 4.60 m (from 4.00 m to 8.60 m), including
12.98 g/t Au over 0.90 m (from 7.70 m to 8.60 m)
0.53 g/t Au over 15.50 m (from 16.00 m to 31.50 m)
• WR25-05: 0.76 g/t Au over 16.30 m (from 11.20 m to 27.50 m), including
1.04 g/t Au over 10.30 m (from 17.20 m to 27.50 m)
3.04 g/t Au over 0.65 m (from 45.90 m to 46.55 m)
• WR25-22: 0.92 g/t Au over 15.00 m (from 87.00 m to 102.00 m), including
5.01 g/t Au over 1.15 m (from 91.60 m to 92.75 m)
3.96 g/t Au over 1.50 m (from 100.50 m to 102.00 m)
• WR25-14: 0.48 g/t Au over 18.00 m (from 59.50 m to 77.50 m), including
1.30 g/t Au over 3.00 m (from 61.00 m to 64.00 m)
• WR25-24: 1.17 g/t Au over 5.60 m (from 69.00 m to 74.60 m)
3.33 g/t Au over 1.00 m (from 83.00 m to 84.00 m)
3.04 g/t Au over 1.50 m (from 131.50 m to 133.00 m)
• WR25-25A: 5.81 g/t Au over 1.00 m (from 142.00 m to 143.00 m)
The correlation between the gold assays and visible gold (“VG”) in drill core (see press release of November 18,
2025i) is generally excellent , except for three holes with significant gold intercepts but no VG (holes WR25-04,
WR25-09, WR25-14).
Rosa Zone – Preliminary Description
• Mineralization and alteration
- Sheared quartz vein system with minor (<2% to 5% ) disseminated sulphides (pyrite, pyrrhotite,
chalcopyrite, arsenopyrite) in veins and altered host rocks, locally displaying brecciated textures.
- Visible gold, including coarse gold, in quartz veins and the bounding host rocks near the veins.
- Multiple high-grade gold results from surface samples (see press release of September 29, 2025 ii, and
October 28, 2025 iii). Mechanical stripping and additional drilling will help define the zone’s geometric
continuity and the controls on high-grade components.
- Alteration characterized by tourmaline and chlorite, mostly bordering quartz veins.
• Geometry
- Initial drilling phase and surface sampling outline a minimum 1,400-metre east-west gold-bearing strike
related to shearing and quartz veining , which correlates well with a continuous induced polarization (“IP”)
anomaly.
- Results obtained to date indicate the gold zone has good to strong lateral and vertical continuity . Drilling
indicates a mineralized envelope up to 20-25 metres wide along the core, with a steep dip to the south.
- A second subparallel gold-bearing trend, approximately 120 m etres south of Rosa, has been identified
by prospecting over an approximate 1,000-metre strike length. This target, located along a shoreline, will
be further defined by an IP survey this winter , likely followed by drilling . Other subparallel IP anomalies
immediately north of Rosa have been partially drill-tested, with no significant results so far.
• Geological context
- Archean greenstone belt in the volcano-plutonic La Grande Subprovince, close to the tectono-metamorphic
boundary with the metasedimentary Opinaca Subprovince.
- Shear-hosted quartz vein system (shear veins and extensional veins) hosted in metasedimentary rocks.
Other Major Exploration Targets
Work conducted since 2024 is driving a comprehensive re -evaluation of the property’s potential. T hree
underexplored major target areas stand out (see Figures 7 and 8), having in common their strong association with
east-west subparallel shear zones and strong arsenic anomalies in soil , straddling the La Grande -Opinaca
subprovince boundary or entirely within the Opinaca Subprovince:
• 11-kilometre trend between the Rosa Zone and the Fortin Zone: a string of arsenic-antimony soil anomalies
correlating with well-defined structures and electromagnetic anomalies;
• 6-kilometre target north of Fortin: a string of arsenic soil anomalies associated with a shear zone extending
directly to Rosa; and
• 13-kilometre trend directly east of the Fortin Zone: a continuous strong arsenic soil anomaly correlating with
a shear zone extending to Fortin; a surface showing grading up to 8.2 g/t Au in grabs is located at the eastern
end of the target zone.
All three target areas will be subject to comprehensive work programs in 2026, including ground geophysics
(induced polarization), prospecting, and likely drilling.
About the Wabamisk Property
Wabamisk is a wholly owned project comprising 673 claims covering 356 km 2. The adjacent Wabamisk East
Property (205 claims, 108.5 km 2) is mainly explored for its lithium potential. Together, the Wabamisk and
Wabamisk East projects provide a strategic 51-kilometre strike position in one of the most prospective belts
in the James Bay region.
Wabamisk lies 13 kilometres east of the Clearwater Property (Fury Gold Mines Ltd), 42 kilometres northeast of the
Whabouchi lithium deposit (Rio Tinto – Nemaska Lithium), and 70 kilometres south of the Eleonore gold mine
(Dhilmar Ltd). Major powerlines pass through or close to the Property’s eastern end, and the North Road highway
passes 37 kilometres to the south. The nearest town is Nemaska, a Cree village municipality 55 kilometres to the
southwest.12
Drilling, Analytical Protocols and Project Management
Nouchimi-RJLL Drilling Inc. of Rouyn-Noranda, Québec, conducted the drill program using NQ core diameter.
Sawed half-core drill core samples were sent to MSALABS laboratories in Val-d’Or, Québec. Gold analyses were
performed using PhotonAssay™ technology, a non-destructive X-ray analytical method developed by Chrysos
Corporation that directly measures gold content in crushed rock samples. This technique allows a large sample
mass to be analyzed, thereby improving sample representativity and minimizing the effects of coarse or nuggety
gold. Samples were also analyzed for a 48-element suite using ICP.
Samples from three holes (WR25-01, -02 and -10) were sent to ALS Laboratories in Val -d’Or and analyzed for
gold by fire assay, with atomic absorption and gravimetric finishes for grades above 3.0 g/t Au.
Additional gold assays for comparison are currently being conducted at Actlabs Laboratories in Ancaster, Ontario,
using the metallic sieve method, given the presence of coarse gold in the drill core.
Azimut applies industry-standard QA/QC procedures to its drilling and prospecting programs. All batches sent for
analysis included certified reference materials, blanks and field duplicates.
The project is under the direction of Alain Cayer (P.Geo.), Azimut’s Project Manager.
Qualified Person
Dr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this press release and approved the scientific
and technical information disclosed herein, including the previously reported results presented in the figures and
tables supporting this press release. He is acting as the Company’s qualified person within the meaning of National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Azimut
Azimut is a leading mineral company with a solid reputation for target generation and partnership development.
The Company holds the largest portfolio of mineral projects in Quebec, controlling strategic land positions for gold,
copper, nickel and lithium. Azimut conducts advanced exploration on several high-potential properties:
• Wabamisk (100% Azimut) – Fortin Zone (antimony-gold), drilling phase underway; Rosa Zone (gold): initial phase
of drilling completed, second drilling program underway.
• Wabamisk East (100% Azimut) – Lithos North & South (lithium): initial phase of drilling completed, assays pending.
• Elmer (100% Azimut) – Patwon gold deposit at the resource stage (311,200 oz Indicated and 513,900 oz Inferrediv);
10,000 m drilling program in preparation.
• Kukamas (KGHM option) – Perseus Zone (nickel-copper-PGE): drilling phase completed; assays pending.
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.
Azimut has two strategic investors among its shareholders, Agnico Eagle Mines Limited and Centerra Gold
Inc., which hold approximately 11% and 9.9%, respectively, of the Company’s issued and outstanding shares.
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
Cautionary note regarding forward-looking statements
This press release contains forward -looking statements, which reflect the Company’s current expectations regarding future events related to the
drilling results from the Wabamisk Property. To the extent that any statements in this press release contain inf ormation that is not historical, the
statements are essentially forward-looking and are often identified by words such as “consider”, “anticipate”, “expect”, “estimate”, “intend”, “project”,
“plan”, “potential”, “suggest” and “believe”. The forward -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. Many factors could cause such differences,
particularly volatility and sensitivity to market metal prices, the impact of changes in foreign currency exchange rates and interest rates, imprecision
in reserve estimates, recoveries of gold and other metals, environmental risks including increased regulatory burdens, unexpe cted geological
conditions, adverse mining conditions, community and non -governmental organization actions, changes in government regulations and policies,
including laws and policies, global outbreaks of infectious diseases, including COVID -19, and failure to obtai n necessary permits and approvals
from government authorities, as well as other development and operating risks. Although the Company believes that the assumpt ions inherent in
the forward-looking statements are reasonable, undue reliance should not be plac ed 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. The reader is directed to carefully review the
detailed risk discussion in our most recent Annual Report filed on SEDAR+ for a fuller understanding of the risks and uncerta inties that affect the
Company’s business.
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.
i Azimut Identifies Visible Gold in 11 Drill Holes on the Rosa Zone, Wabamisk Project, James Bay, Québec
ii Azimut Starts Drilling High-Grade Gold Zone at Wabamisk, James Bay Region, Québec
iii Azimut Obtains High-Grade Gold Results from Channel Sampling on the Rosa Zone, Wabamisk Project, James Bay, Quebec
iv Technical Report and Initial Mineral Resource Estimate for the Patwon Deposit, Elmer Property, Québec, Canada, prepared by Martin Perron, P.Eng., Chafana Hamed
Sako, P.Geo., Vincent Nadeau-Benoit, P.Geo. and Simon Boudreau, P.Eng. of InnovExplo Inc., dated January 4, 2024. The initial MRE comprises Indicated resources of
311,200 ounces in 4.99 million tonnes grading 1.93 g/t Au and Inferred resources of 513,900 ounces in 8.22 million tonnes grading 1.94 g/t Au.