AZM.V · 2018-09-13 12:00:00

Azimut's Elmer and Duxbury gold properties provide a controlling position over a highly prospective 32-km trend in the James Bay region, Quebec Symbol: AZM.TSX Venture

Corporate Updates

Azimut's Elmer and Duxbury gold properties

provide a controlling position over a highly

prospective 32-km trend in the James Bay

region, Quebec

Symbol: AZM.TSX Venture

LONGUEUIL, QC

Sept. 13, 2018

/CNW Telbec/ -

Azimut Exploration Inc.

(

"Azimut"

"the

Company"

) (

TSXV: AZM

) is pleased to announce it has recently acquired the

Elmer Property

where historical exploration programs revealed many high-grade gold-silver-copper-zinc prospects.

Azimut also owns the adjacent

Duxbury Property

. Together, these two properties provide a

controlling position over a highly prospective 32-kilometre corridor known as the Elmer Trend. Both

projects can be accessed by the quality infrastructure of the

James Bay

region of

Quebec

, one of

the most active regions for gold exploration in

Canada

(

Figure 1

Azimut's short term objective is to build a robust exploration model for the Elmer Trend. The

Company is systematically reviewing and reprocessing the large historical database for the Elmer

Property, and is undertaking a preliminary field assessment. The Elmer gold system has significant

untested drill targets. Its geological setting and mineralized context share strong similarities with the

Windfall Project in the Abitibi region (Osisko Mining). Past explorers have also compared features of

the Elmer Trend to the

Hemlo

and Bousquet-Doyon mining camps.

The wholly owned Elmer Property was acquired by map designation and covers 158 claims (82.2

). It is located 285 kilometres north of the town of

Matagami

, 60 kilometres east of the

municipality of

Eastmain

, and 40 kilometres west of the James Bay Road, a major paved highway.

The Property is situated within the Lower Eastmain Archean greenstone belt of the geological La

Grande Subprovince in the Superior Province.

Most historical prospects are located within an ENE-WSW corridor 12 kilometres long by up to

3 kilometres wide (

Figure 2

). The geology of the corridor is dominated by felsic volcanics,

synvolcanic felsic intrusions and gabbro.

Selected previous results from high-grade prospects are reported below with the corresponding

sample types: grab (G), channel (C) or drill core (D).

Gabbro Zone

42.65 g/t Au, 116.2 g/t Ag (G)

40.94 g/t Au, 116 g/t Ag (G)

35.2 g/t Au, 102 g/t Ag (G)

34.5 g/t Au, 101.7 g/t Ag (G)

12.65 g/t Au (G)

7.2 g/t Au (G)

Patwon

10.1 g/t Au, 4 g/t Ag (G)

3.83 g/t Au, 11 g/t Ag (G)

Gold Zone

102.52 g/t Au, 19.9 g/t Ag (G)

2.61 g/t Au (G)

Other significant prospects include, from west to east:

AJ-2 Prospect

1.16 g/t Au, 13.5 g/t Ag, >1% Zn (G)

0.45 g/t Au, 8.5 g/t Ag, >1% Cu, 0.59% Zn (G)

5.0 g/t Ag, >1% Zn, 0.17% Pb (G)

Boulder Lake

3.57 g/t Au, 6.9 g/t Ag (G)

West Zone

4.65 g/t Au, 160 g/t Ag, 7% Cu (G)

60 g/t Ag, 1.44% Cu, 4.7% Zn (G)

155 g/t Ag, 3.54% Cu, 3.36 % Zn (G)

0.13% Cu over

7.0 m

; 0.23% Zn over

8.0 m

(D)

Vein Zone

2.3 g/t Au, 4.2 g/t Ag (G)

Silver Zone NW

0.45 g/t Au, 10.2 g/t Ag, 0.43% Cu over

1 m

(D)

Andesite Zone

0.76% Zn, 0.24% Cu over

9.7 m

(D)

Silver Zone

3.1 g/t Au (G)

2.34 g/t Au, 18.2 g/t Ag over

0.5 m

(C)

Patwon East

2.2 g/t Au (G)

A21 Zone

0.5 g/t Au, 45.0 g/t Ag over

30 m

(D)

0.36 g/t Au over

31.0 m

(D)

2.7 g/t Au, 5.0% Zn over

1 m

(D)

0.8 g/t Au over

11 m

(D)

East Zone

6.3 g/t Au (G)

The majority of the historical holes were drilled from surface down to 200 metres, revealing some

evidence of lateral and depth continuity. Many targets remain untested by drilling, including the high-

grade Gabbro and Patwon prospects. This 1,300-metre-long underexplored area (from Gabbro up

to Patwon East) remains open at both ends.

Most mineralization on the Elmer Property is found in two main geological environments:

Sericitic calc-alkalic felsic volcanic and tuffaceous host rocks containing sulphide disseminations

and/or stringers (pyrite, chalcopyrite and sphalerite) or, locally, semi-massive to massive

sulphides;

Sheared gabbro or felsic volcanic host rocks containing disseminations and/or stringers of pyrite

(chalcopyrite, sphalerite) associated with quartz ± carbonate-tourmaline veins.

The mineralization has been interpreted as a hydrothermal system associated with a synvolcanic

porphyry intrusion. The underlying quartz-feldspar porphyry intrusion may have acted as the source

of fluids carrying polymetallic Au-Ag-Cu-Zn mineralization.

This system can be compared to the Windfall Project (Osisko Mining) where most gold

mineralization seems closely related to quartz porphyry dykes in contact with felsic volcanics or

hosted in gabbro. At Windfall, gold is associated with disseminated pyrite and stockworks containing

some chalcopyrite and minor galena-sphalerite. Strong sericite-carbonate and/or silica alteration

haloes are present (source: InnovExplo 43-101 Technical Report on the Windfall Lake Project,

June

12, 2018

The wholly owned

Duxbury Property

covers 181 claims (95.3 km

). It is adjacent to the eastern

boundary of the Elmer Property. The James Bay Road is located about 5 kilometres east of the

Duxbury Property. SOQUEM has the option to retain this project under the terms of its regional

Strategic Alliance with Azimut.

Geological and regional magnetic data indicate a probable extension of the favourable Elmer

lithologies onto the Duxbury Property. In contrast to Elmer, Duxbury has seen very little exploration

work. A grab sample from the only known prospect returned 1.9 g/t Ag and 0.58% Cu in a quartz

vein.

This press release was prepared by geologist

Jean-Marc Lulin

acting as Azimut's qualified person

under National Instrument 43-101.

About Azimut Exploration

Azimut is a mineral exploration company whose core business is centred on target generation and

partnership development. Targeting is performed using a pioneering proprietary approach to Big

Data analytics, enhanced by extensive exploration know-how. The Company maintains rigorous

financial discipline. It has 48.5 million shares outstanding.

Azimut holds a strategic position for gold and base metals in

Quebec

, including one of the largest

exploration portfolios in the

James Bay

region (22 properties covering 4,651 claims or 2,417 km

The Company's current active projects include the

Eleonore South Property

(Azimut-Goldcorp-

Eastmain JV)

and a

Strategic Alliance with SOQUEM

covering the

James Bay

region over

176,300 km

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/September2018/13/c3796.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 13-SEP-18

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