Azimut Engages InnovExplo to Prepare the Maiden Mineral Resource Estimate for the Patwon Gold Zone on the Elmer Project Symbol: AZM.TSX Venture

Azimut Engages InnovExplo to Prepare the

Maiden Mineral Resource Estimate for the

Patwon Gold Zone on the Elmer Project

Symbol: AZM.TSX Venture

LONGUEUIL, QC

,

Jan. 27, 2022

/CNW Telbec/ -

Azimut Exploration Inc.

(

"Azimut"

or the

"Company"

) (TSXV: AZM) is pleased to announce that it has engaged

InnovExplo Inc.

, a highly

regarded

Val-d'Or

-based consulting company in geology and mine engineering, to prepare the

mineral resource estimate for the Patwon Gold Zone and a supporting technical report compliant

with National Instrument 43-101.

Azimut is also pleased to inform that the services of

Mrs. Lise Chénard

, P.Eng., have been retained

by the Company as Senior Advisor in mining geology to support the progress of the Elmer project.

Mrs. Chénard brings an extensive experience in mining geology, both in

Canada

and abroad. Most

notably, she has held the positions of Director Mining Geology and Senior Technical Advisor for

IAMGOLD (2013-2021), international consultant for various mining operations and projects (2008-

2013), Chief Geologist for

Barrick Gold

at the Pueblo Viejo mine in the

Dominican Republic

(2007-

2008), on various projects in

Russia

and

Eastern Asia

(2006-2007) and at the Doyon mine in

Quebec

(1988-1997).

Azimut discovered the Patwon Gold Zone two years ago during the Company's maiden drilling

program on the Elmer Property in the

James Bay

region of

Quebec

(

see press release of

January 14, 2020

). The Patwon Zone is currently outlined along a 580-metre strike length and down

to 450 metres, with an average estimated true width of 35 metres. The current core drilling program

aims to define this zone down to at least 800 metres. Initial metallurgical tests indicate non-

refractory mineralized material with gold recoveries reaching up to 94% (

see press releases of

November 4

and

November 22, 2021

).

Dr.

Jean-Marc Lulin

, P.Geo., prepared this press release as Azimut's Qualified Person under

National Instrument 43–101.

About Azimut Exploration

Azimut is a leading mineral exploration company with a solid reputation for target generation and

partnership development. The Company 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™

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 81.8 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/January2022/27/c1012.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 27-JAN-22