Azimut Provides 2026 Summer Exploration Update

Azimut Exploration Inc. (AZM) has issued a comprehensive update on its 2026 field programs across four key projects in the Eeyou Istchee James Bay region of Quebec: Wabamisk, Elmer, Kukamas, and Northern Nickel Corridor. The company highlighted significant progress at the Wabamisk Property, where mechanical stripping has exposed the Rosa Zone gold-bearing vein system over a minimum of 450 metres with widths up to 10 metres, supporting a 30-kilometre-long gold exploration corridor.

Strategic partnerships and joint ventures were reinforced, with KGHM International Ltd. entering the second option phase for the Kukamas nickel project and SOQUEM entering a strategic alliance for the Northern Nickel Corridor project.

At the Wabamisk Property, the company is accelerating the delineation of a 30-kilometre-long gold exploration corridor. Mechanical stripping using two excavators is confirming the continuity of the Rosa Zone, exposing the gold-bearing vein system over a minimum of 450 metres, with widths up to 10 metres. Drilling has outlined a minimum 1,400-metre east-west gold-bearing strike at Rosa. Since the discovery of the Fortin and Rosa zones, the Company has drilled 159 core holes totalling 24,045 metres. Additional robust gold targets have been identified along a 12-kilometre-long segment between Rosa and Fortin, correlated with strong IP anomalies and pathfinder soil anomalies (arsenic and antimony). A drill program is planned for the fall based on extensive sampling.

At the Elmer Property, the first phase of a planned 10,000-metre drilling program at the Patwon gold deposit has been completed (10 holes totalling 5,407 m), designed to expand the mineralized body along strike; results are pending. The current 2023 Mineral Resource Estimate for Patwon is as follows:

• Indicated Resource: 311,200 oz in 4.99 Mt grading 1.93 g/t Au.
• Inferred Resource: 513,900 oz in 8.22 Mt grading 1.94 g/t Au.
• Gold price assumption: US$1,800 per ounce.

Fieldwork this summer includes mechanical stripping, geological mapping, and rock sampling to prepare for further drilling at the K2 claim block and Wolf-A21 trend.

At the Kukamas Property, KGHM International Ltd. has earned a 50% interest in the project and entered the second option phase. The ongoing partner-funded program is focused on expanding the Perseus Zone through drilling.

At the Northern Nickel Corridor, SOQUEM entered a strategic alliance with Azimut covering this project. The project comprises 27 claim blocks (1,635 claims covering 821.7 km²). Preparatory tests are underway for an upcoming 6,591 line-kilometre high-resolution heliborne magnetic and electromagnetic survey.

Regarding the company's outlook, Azimut stated: "Azimut believes the 2026 field programs are among the Company’s most significant to date." The company further noted: "Current gold prices strongly support additional drilling to increase the resource base and, contingent on positive results, to advance the project toward an updated resource estimate and a preliminary economic assessment."

A webinar was held on June 30, 2026, featuring President & CEO Jean-Marc Lulin, with Q&A sessions in French and English.