AZM.V · 2019-11-28 12:00:00

Azimut Drills the Patwon Gold Prospect, Elmer Property, James Bay Region, Quebec Symbol: AZM.TSX Venture

Corporate Updates

Azimut Drills the Patwon Gold Prospect, Elmer

Property, James Bay Region, Quebec

Symbol: AZM.TSX Venture

LONGUEUIL, QC

Nov. 28, 2019

/CNW Telbec/ -

Azimut Exploration Inc.

("Azimut" or the

"Company") (

TSXV: AZM

) is pleased to announce that a diamond drilling program is in progress on

the Company's

wholly-owned Elmer Property

(the "Property") in the

James Bay

region of

Quebec

This initial 1,000-metre campaign (6 holes) is designed to test the geometric continuity of the high-

grade Patwon Prospect (

see Figures 1 to 4

The first four holes completed to date display mineralization, including native gold grains in each

hole. Analytical results are expected early next year. Ground geophysics (Induced Polarization) and

an additional drilling phase are planned for early 2020 in a high-priority target area measuring 2.1 km

by 0.7 km that includes Patwon.

The

Patwon Prospect

, which was initially sampled by Azimut in

October 2018

following the

acquisition of the Elmer Property by map designation (see press releases of

September 13, 2018

and

November 20, 2018

), has delivered substantial surface gold results since

June 2019

, including:

Channel sample results (composite grades)

Channel numbers

9.52 g/t Au over 7.1 m

Elm-11

36.3 g/t Au over 2.0 m

Elm-10

22.1 g/t Au over 2.95 m

Elm-9

0.79 g/t Au over 12.52 m

Elm-30, 31, 31'

22.54 g/t Au over 2.95 m

Elm-12''''

2.16 g/t Au over 2.98 m

Elm-6

2.9 g/t Au over 3.52 m

Elm-R2018-2

6.47 g/t Au over 1.96 m

Elm-4

3.61 g/t Au over 1.56 m

Elm-3

9.56 g/t Au over 5.36 m

Elm-40, 44, 44'

3.36 g/t Au over 10.32 m

Elm-33, 33'

1.1 g/t Au over 18.03 m

Elm-42, 43

These results indicate a significant gold-bearing system recognized over a strike length of

150 metres and a width of 50 metres. Three channels located on the west side of the Prospect

(9.56 g/t Au over

5.36 m

; 3.36 g/t Au over 10.32 m and 1.1 g/t Au over

18.03 m

) define a roughly

30-metre-wide gold-bearing zone

(

see Figure 4

Based on surface observations, mineralized facies correspond to a centimetric to metric network of

quartz veins with strongly chloritized and carbonatized wall rock containing 1% to 10% disseminated

pyrite. A mafic intrusion cut by felsic to intermediate dykes constitutes the main host rock.

Four types of mineralized quartz veins have been identified:

Shear veins subparallel to schistosity;

Extensional veins, oriented NW-SE, oblique to the NE-SW schistosity;

Quartz stockwork mainly associated with felsic to intermediate dykes; and

Veins and/or mineralized wall rock at the contact between felsic dykes and mafic host

lithologies.

The Elmer Property comprises 276 claims covering 145.4 km

over a 22-kilometre strike length. The

Property is located 285 kilometres north of

Matagami

, 60 kilometres east of the municipality of

Eastmain

, and 40 kilometres west of the James Bay Road. The region benefits from quality

infrastructure that includes major access roads, a hydro-power grid and airports.

The Elmer 2019 program comprised the following field work:

Prospecting with 354 grab samples collected, including 90 grabs from the Patwon Prospect;

Channel sampling totalling 332 samples over

303.18 m

, including 279 samples over

252.41 m

from Patwon;

Mechanized stripping at Patwon (to be mapped in 2020).

Channel sampling procedures and results have been reported in the press releases dated July 16,

2019;

September 19, 2019

; and

October 22, 2019

Grab samples are selective by nature and

unlikely to represent average grades.

The current drilling program tests the continuity of the Patwon Prospect using closely spaced holes

drilled to the SW with a 45

dip.

This press release was prepared by Dr.

Jean-Marc Lulin

, P.Geo., acting as Azimut's qualified

person under National Instrument 43-101. The field program is under the direction of François

Bissonnette, P.Geo., Operations Manager, and Dr.

Martin Tuchscherer

, P.Geo., Chief Geologist.

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

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

maintains rigorous financial discipline and has 57.4 million shares outstanding.

Azimut holds the largest mineral exploration portfolio in

Quebec

. The Company's edge against

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

active projects. This includes two regional strategic alliances with SOQUEM for six (6) gold

properties in the

James Bay

region and three (3) major gold-copper properties in the Nunavik region.

Azimut's other high-potential properties in the

James Bay

region comprise:

4 gold properties in the Eleonore camp (Eleonore South JV, Opinaca A, Opinaca B, Opinaca

D);

2 gold properties in the Lower Eastmain greenstone belt (Elmer, Duxbury); and

6 copper and copper-gold properties with strong regional-scale footprints (Kukamas, Masta,

Corvet, Kaanaayaa, Corne, Mercator).

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/November2019/28/c4261.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 07:00e 28-NOV-19

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