Drill Intercept South Of Patwon Gold Zone

LONGUEUIL, QC - Azimut Exploration Inc. reported a high-grade gold-silver-tellurium drill intercept in hole ELM21-088 within a 2-kilometer-long target zone located south of the Patwon Gold Zone on the  Elmer Property in the James Bay region of Quebec. The target zone is remarkable for its exciting association of high-grade gold, silver and tellurium. The target zone is subparallel to the shear hosting the Patwon Zone, about 200 meters to the south. Results are still pending for three other holes drilled near hole 088. Detailed follow-up drilling in the target zone is part of the program currently underway on the Property.

The 20,000-meter drilling program in progress aims to expand the Patwon Zone and prepare for a maiden NI 43-101 compliant resource estimate. This program will also continue testing highly prospective targets nearby. Azimut believes that other significant mineralized zones will likely be found along strike from or subparallel to the Patwon Zone.

The Elmer Property comprises 515 claims covering 271.3 km2 over a 35-kilometer strike length. The Property is 285 kilometers north of the town of Matagami, 60 kilometers east of the village of Eastmain, and 5 kilometers west of the paved Billy Diamond Road, a major all-season highway. The region benefits from quality infrastructure, including significant road access, a hydroelectric power grid and airports.