Azimut Grants Stock Options

For immediate release

March 4, 2024

TSXV: AZM

OTCQX: AZMTF

Press Release

Azimut Grants Stock Options

Longueuil, Quebec – Azimut Exploration Inc. (“Azimut” or the “Company”) ( TSXV: AZM)

(OTCQX: AZMTF) announces that on March 1 st, 202 4, a total of 80,000 stock options were

granted to a newly elected board member, Mrs. Vanessa Laplante (see press release of February

26, 2024). These options have an exercise price of $0. 81 per share, set at the closing price of

March 1st, and they are exercisable for a 10-year period.

About Azimut

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

partnership development. The Company holds the largest mineral exploration portfolio in Quebec

(Canada). Its wholly owned flagship project, the Elmer Gold Project , has advanced to the

resource stage with a strong exploration upside. The Company also controls a strategic land

position for copper-gold, nickel and lithium.

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 and concurrently active projects. Azimut

maintains rigorous financial discipline and a strong balance sheet, with 85.4 million shares issued

and outstanding.

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

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.