AZM.V · 2020-01-07 12:00:00

Azimut further Proves the AZtechMine™ Expert System as an Efficient Discovery Tool for Mineral Exploration Symbol: AZM.TSX Venture

Corporate Updates

Azimut further Proves the AZtechMine™

Expert System as an Efficient Discovery Tool

for Mineral Exploration

Symbol: AZM.TSX Venture

LONGUEUIL, QC

Jan. 7, 2020

/CNW Telbec/ -

Azimut Exploration Inc.

("Azimut" or the

"Company") (

TSXV: AZM

) wishes to highlight the central role of its proprietary

AZtechMine

expert system in the Company's ability to identify high potential targets and make subsequent

discoveries. Azimut holds the largest mineral exploration portfolio in

Quebec

(

see Figure 1

) and all

these properties have been identified using the AZtechMine

methodology.

Numerical approaches, including artificial intelligence, are a new paradigm for mineral exploration.

Since 2003, Azimut has applied predictive modelling to mineral exploration. The results from 2019 for

four (4) key properties (see below) further emphasize the

strong link between Azimut's predictive

methodology and practical field achievements through sizeable discoveries

. These most

recent results demonstrate again that AZtechMine

is a fully operational and efficient discovery

tool.

In 2020, Azimut will advance these four properties through substantial programs that include

diamond drilling. All press releases mentioned as references in this communication are available in

the News section of the Company's website at

www.azimut-exploration.com

James Bay Progress

(

see Figures 2 to 5

)

Since 2003, Azimut has performed six mineral potential modelling in the

James Bay

region, five for

gold and one for copper (press release of July 8, 2019). The last gold modelling covered a

176,300 km

surface area and led to a regional-scale strategic alliance with SOQUEM (press

release of

September 26, 2016

The key progress achieved in 2019 is summarized below.

Elmer and Duxbury Gold Properties

(100% Azimut)

These two adjacent properties provide a controlling position over a 35-kilometre strike length

along the Lower Eastmain greenstone belt of Archean age. Azimut believes this highly

prospective region is underexplored.

The

Patwon Prospect

, a priority target, is part of a larger 7-kilometre-long high-grade trend.

Prospecting and channel sampling over Patwon delineated a

150 m

50 m

area with

encouraging surface results, including:

9.52 g/t Au over

7.1 m

Channel Elm-11

36.3 g/t Au over

2.0 m

Channel Elm-10

9.56 g/t Au over

5.36 m

Channel Elm-40, 44, 44'

3.36 g/t Au over

10.32 m

Channel Elm-33, 33'

1.1 g/t Au over

18.03 m

Channel Elm-42, 43

The results of a maiden 7-hole diamond drill program (

996 m

) are pending. All holes

encountered mineralization, including native gold grains in each hole.

See the 2019 press releases of

July 16

September 19

October 22

and

November 28

for

further details.

Pikwa Copper-Gold Property (SOQUEM / Azimut Option)

This property is 40 kilometres long by 17 kilometres wide and provides a controlling position

over a major polymetallic target marked by a regional arsenic-bismuth-copper (As-Bi-Cu)

footprint in lake-bottom sediments ("LBS") and a 20-kilometre-long magnetic high. It is located

in the Archean La Grande Subprovince.

Field work in 2019 focused on the Copperfield Trend, a 20-kilometre-long copper-gold target

comprising East and West segments, each 10 kilometres long.

Copperfield East

includes a 5.5-kilometre long by a 500-metre-wide target area defined by the

spatial association of a strong detailed LBS anomaly (Cu-Mo-Ag-Bi-W) and a strong copper-in-

soil anomaly.

A mineralized boulder field of mostly angular to slightly rounded boulders is present along the

long axis of the soil anomaly. The best grades from 141 sampled boulders were

20.1% Cu

2.99 g/t Au

58 g/t Ag

and

0.246% Mo

Several high-grade mineralized outcrops within the soil anomaly yielded grades up to

9.81% Cu

13.45 g/t Au

and

37.6 g/t Ag

Two strong VTEM conductors on strike with the soil anomaly represent attractive targets for

sulphide mineralization.

Copperfield West

displays strong copper LBS anomalies and the same magnetic pattern as

Copperfield East (linear magnetic high) but has been so far subject to limited exploration work.

See the 2019 press releases of

March 20

April 15

July 22

October 16

October 23

and

December 3

for further details.

Nunavik Progress

(

see Figures 6 to 11

)

In 2009, Azimut acquired a strategic land position over a vast underexplored region of

Northern

Quebec

(the "

Rex Trend

") through its

Rex and Rex South

properties. The projects were staked

following the Company's copper-gold predictive modelling over a 1,247,900 km

surface area.

Azimut's subsequent province-wide ranking update in 2015 used new in-house calculation tools

(press release of

November 19, 2015

The Rex Trend is defined as a strong 300-kilometre-long copper anomaly in LBS coupled with a

strong 100-kilometre-long rare earth anomaly (press releases of March 31 and July 22, 2011).

Azimut considers the Rex Trend to be

new mineral province

related to a deep-seated structural

corridor with the potential to host large-scale deposits, which may include the following mineral

deposits types: iron oxide copper-gold ("IOCG") deposits, reduced intrusion-related gold-

polymetallic systems, copper-gold mineralization in shear zones, and volcanogenic massive

sulphides.

In 2019, Azimut and SOQUEM announced the conclusion of a second strategic alliance covering the

Rex,

Rex South

and Nantais properties (press releases of

February 25

May 15

and

September 4,

2019

Rex Property (Azimut / SOQUEM Option)

Field work in 2019 led to the discovery of multiple mineralized zones, further establishing Rex as

a district-scale polymetallic project for gold, copper, silver, tellurium, molybdenum and tungsten.

Two major mineralized zones have been identified:

The

Mousquetaires Zone

, recognized over a 1,050-metre-long by 80-metre-wide area, is

a copper-bearing brittle fault returning grades of up to

13.65% Cu

0.12% Mo

and

25.9 g/t

. This zone may represent the strike extension of the 3-kilometre-long fault-controlled

copper-bearing

RBL Zone

, which returned grades of up to

11.6% Cu

in grab samples.

The

Subtle Zone

, recognized over a 500-metre-long by 150-metre-wide area, is a shear-

hosted high-grade gold system with silver and zinc, returning grades of up to

141 g/t Au

915 g/t Ag

and

7.87% Zn

, as well as a previous result of

580 g/t Au

in 2010. This zone

appears on strike with a group of

10 prospects

further south on the Property that returned

up to

133.5 g/t Au

851 g/t Ag

9.09% Zn

>500 g/t Te

1.6% Cu

and

0.87% W

See the 2019 press release of

November 6

for further details.

Rex South Property (Azimut / SOQUEM Option)

The Property hosts at least

11 mineralized zones

with kilometre-scale extensions, most

positioned around or near a 15 kilometre by 5 kilometre ovoid granitic intrusion known as the

Qalluviartuuq Intrusive Complex.

Rex South

is a district-scale exploration property with strong

potential for copper, gold and other associated commodities (silver, tellurium, molybdenum,

tungsten and tin).

The summer field campaign led to the discovery of a new copper-bearing mineralized zone

(

Boreal Zone

) and the extension of previously recognized mineralized zones at

Copperton

Dragon

and

Lebreuil

The Boreal Zone is a hydrothermal breccia identified over an area 300 metres long by 10

metres wide with copper grades of up to

3.07% Cu

in grab samples.

The Copperton Zone, recognized over a strike length of 3.5 kilometres and a width of 20 to

100 metres, corresponds to disseminated to semi-massive chalcopyrite and pyrite. The

best grades from the latest prospecting program were

5.0 g/t Au, 1.75% Cu

and

4.83 g/t

Au, 1.5% Cu

in grab samples.

The Dragon Zone is approximately 450 metres long by 90 metres wide and appears

spatially correlated with a magnetic high. Mineralization is mainly chalcopyrite, and the best

results from grab samples were

4.05% Cu, 0.6% Mo

and

2.78% Cu, 0.13% Mo

The Lebreuil Zone is about 2 kilometres long, and the best grades from grab samples were

3.67% Cu

11.2 g/t Au

and

48.5 g/t Te

See the 2019 press release of

November 25

for further details.

Grab samples are selective by nature and unlikely to represent average grades. Rock samples were

sent to ALS Minerals in

Val-d'Or, Quebec

, where they were assayed for a 48-element suite using an

ICP method. Gold was analyzed by fire assay with atomic absorption finish, and samples exceeding

3.0 g/t Au were reassayed with a gravimetric finish. Azimut applied industry-standard QA/QC

procedures.

About the AZtechMine

Expert System

AZtechMine links mineral databases to numerical geoscientific parameters (geochemistry,

magnetism, gravity, radioactivity, etc.) acquired at the regional and country scales to identify targets

with high discovery probabilities. The methodology is not limited to any specific geographic area and

can be applied wherever the right database exists. The key principles are as follows:

AZtechMine is based on the assumption that large near-surface deposits generate distinct and

statistically recognizable multiparameter footprints.

An innovative statistical approach extracts the footprints for each selected mineral deposit type

or commodity. Results are then ranked by relative discovery probability.

The resulting maps pinpoint the footprints of known deposits and reveal comparable footprints in

poorly explored areas that may then become targets.

Compared to other predictive approaches (weight of evidence, neural network, machine

learning), AZtechMine is a data-driven

white box

expert system that relies exclusively on

measured numerical data collected on regular grids, without any weighting or interpretative bias.

This press release was prepared by Dr.

Jean-Marc Lulin

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

person under National Instrument 43-101.

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. The

Company's edge against exploration risk is founded on systematic regional-scale data analysis and

multiple concurrently active projects.

Azimut maintains rigorous financial discipline and has 58.5 million shares outstanding. Azimut's tight

share structure is a key asset for value creation. Since its founding in 1986, there have been no

share consolidations.

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/January2020/07/c7227.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 07-JAN-20

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