Azimut Starts Drilling High-Grade Gold Zone at Wabamisk, James Bay Region, Québec Maiden drilling program initiated on the Rosa Zone Extensive IP chargeability anomaly correlates with surface high-grade gold trend Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) ( TSXV: AZM) (
For immediate release
September 29, 2025
TSXV: AZM
OTCQX: AZMTF
Press Release
Azimut Starts Drilling High-Grade Gold Zone at
Wabamisk, James Bay Region, Québec
Maiden drilling program initiated on the Rosa Zone
Extensive IP chargeability anomaly correlates with surface high-grade gold trend
Longueuil, Québec – Azimut Exploration Inc. (“Azimut” or the “Company”) ( TSXV: AZM) (OTCQX: AZMTF) is
pleased to announce that a maiden 1,500-metre core drilling program is underway on the Rosa Zone, which was
discovered this summer by prospecting. Additional drilling is planned, and contingent on positive initial results. The
Rosa Zone is located on the Company’s wholly owned Wabamisk Property (the “Property”) in the Eeyou Istchee
James Bay (“James Bay”) region of Québec, Canada (see press release of August 28, 2025i).
The results of systematic follow-up work following the surface discovery were used to prepare the drilling program.
The work included an induced polarization (“IP”) survey totalling 11 line-kilometres, which outlined a continuous
east–west chargeability anomaly extending over 1.4 kilometres, strongly correlated with a 300-metre strike
of high-grade, gold-bearing grab samples from outcrops. The survey also identified a subparallel chargeability
anomaly, located roughly 50 to 200 metres to the north. (see Figures 1 to 5, Photos 1 to 4).
Together, the IP data and prospecting results define a highly prospective 1.4-kilometre by 200-metre corridor
that will be tested by the maiden drilling program.
Rosa Zone – Preliminary Description
• Mineralization and alteration
- Sheared quartz vein system with disseminated sulphides (pyrite, pyrrhotite, chalcopyrite) in small amounts,
generally less than 2%, in veins and altered host rocks, locally displaying brecciated textures.
- Visible gold, including coarse gold , associated with quartz veins, observed at more than 10 locations
within a well-identified high-grade 300-metre-long distance.
- Multiple high-grade gold results: 36 grab and channel samples with grades above 1.0 g/t Au, including
15 samples above 5.0 g/t Au (up to 42.0 g/t Au) (see Figure 5). Grab samples are selective by nature,
unlikely to represent average grades, and may not represent true underlying mineralization.
- Alteration characterized by tourmaline and chlorite, mostly bordering the quartz veins.
• Geometry
- Mineralized outcrops over a 700 -metre east -west strike, supported by field and magnetic data, with
consistent high-grade gold results over 300 metres; open in all directions. The IP results now suggest a
minimum strike of 1.4 kilometres.
- Veined shear zone indicates Rosa is at least 5 to 10 metres thick; widths not yet fully defined.
- Steep dip to the south.
- Preliminary definition of a second subparallel gold -bearing trend striking 300 metres roughly 120 metres
south of Rosa, which could not be characterized by the IP survey due to its location along the shoreline.
• 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 felsic volcanic tuffs.
Preparatory Work for the Drilling Program
• Systematic surface prospecting yielding 217 grab and channel rock samples (198 grabs and 19 sawed channel
samples for a total of 18.5 m). All assay results have now been received, and the significant results are
presented in Figure 5.
• Soil geochemistry survey yielding 253 samples (B Horizon).
• Reprocessing of a very high-resolution heliborne magnetic survey covering the zone.
• Ground geophysics with an 11 line-kilometre IP survey carried out by TMC Geophysics of Val -d’Or (Québec)
using a dipole-dipole array with readings every 25 metres (n=1 to 8).
• Mechanical stripping of several mineralized outcrops (in progress).
About the Wabamisk Property
Wabamisk is a wholly owned project comprising 673 claims covering 356 km2. The Property now includes the 118
claims (62.5 km 2) of the former Chromaska Property, which have been integrated into the project. The adjacent
Wabamisk East Property (205 claims, 108.5 km2) has been optioned to Rio Tinto 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.
Drilling Contract, Analytical Protocols and Project Management
Nouchimi-RJLL Drilling Inc. of Rouyn-Noranda, Québec, is conducting the drilling program using NQ core diameter.
Rock samples are sent to ALS Laboratories in Val-d’Or or Montreal (Québec), where gold is analyzed by fire assay,
with atomic absorption and gravimetric finishes for grades above 3.0 g/t Au. Samples are also analyzed for a 48 -
element suite using ICP. Azimut app lies industry -standard QA/QC procedures to its drilling and prospecting
programs. All batches sent for analysis include 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 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 exploration company with a solid reputation for target generation and partnership
development. The Company holds the largest mineral exploration portfolio in Quebec, controlling strategic land
positions for gold, copper, nickel and lithium. Azimut is concurrently advancing several high-potential projects:
• Wabamisk (100% Azimut): Fortin Zone (antimony-gold): results are pending and will be reported as soon as
they are received; Rosa Zone (gold): drilling in progress.
• Elmer (100% Azimut): Patwon gold deposit at the resource stage (311,200 oz Indicated and 513,900 oz
Inferredii); internal scoping study in progress; field assessment of the K2 claim block.
• Wabamisk East (Rio Tinto option): Lithos North and South (lithium); comprehensive field evaluation underway
prior to drilling.
• Kukamas (KGHM option): Perseus Zone (nickel-copper-PGE); drilling in progress.
In addition, Azimut holds an important position in an emerging lithium district with its Galinée discovery, a joint
venture project with SOQUEM.
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, unexpected geolo gical 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 assumptions inherent in the forward -looking statements are reasonable,
undue reliance should not be placed 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 uncertainties that af fect 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 Discovers New High-Grade Gold Zone at Wabamisk,James Bay Region, Québec, Canada
ii 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.