Azimut shareholders approve all matters at AGM

Executive Summary

• Azimut Exploration reported full shareholder approval at its AGM and reappointed its executive leadership team.
• The company delivered a material exploration update, highlighting encouraging deep mineralization and potential antimony-to-gold vertical zonation at the Wabamisk Fortin zone, alongside active drilling at the Rosa zone.
• Azimut outlined its 2026 strategic focus on self-financed exploration, targeting a minimum of 20,000 metres of drilling across its flagship Wabamisk, Elmer, and Kukamas projects to advance resources and streamline the portfolio.

Key Details

• AGM Voting & Governance: 68,381,133 shares voted (67.95% of outstanding); all resolutions approved. Board reappointed Dr. Jean-Marc Lulin (CEO), Moniroth Lim (CFO/Corp Sec), Jonathan Rosset (VP Corp Dev), and Rock Lefrancois (VP Exploration).
• 2026 Drilling Target: Company expects to complete at least 20,000 metres of drilling across Wabamisk, Elmer, and Kukamas, focusing on self-financed programs at wholly owned flagship projects.
• Wabamisk - Fortin Zone (Antimony-Gold): Completed 5,105 metres across 27 holes. Hole WS26-113 encountered a mineralized albitic unit at a vertical depth of ~515 metres (537.4 to 557.5 metres along hole), approximately 200 metres below previous drilling, and remains open in all directions. Native gold grains were observed for the first time at 521 metres depth, suggesting antimony-to-gold vertical zonation. All assay results are pending.
• Wabamisk - Rosa Zone (Gold): 736 metres across 4 holes completed in 2026, with a planned minimum of 2,000 metres. A maiden program (3,633 metres, 26 holes) completed late last year confirmed a kilometre-scale gold discovery open in all directions.
• Wabamisk - Lithos Pegmatite Field (Lithium): Initial drilling program from late 2025 is awaiting assay results.
• Elmer Project: 10,000-metre drill program launching to expand the existing resource base and advance toward a resource update and potential Preliminary Economic Assessment (PEA). Current resource estimate at the Patwon deposit stands at 311,200 ounces indicated and 513,900 ounces inferred.
• Portfolio Management: Company will pursue select option agreements and divestitures to streamline operations, concentrating on a smaller number of high-impact projects to maximize shareholder value.
• Strategic Investors: Agnico Eagle Mines Ltd. holds ~11% and Centerra Gold Inc. holds ~9.9% of issued and outstanding shares.