LONGUEUIL - Azimut Exploration Inc. (TSXV: AZM) is pleased to report that it continues to intersect wide, high-grade gold intervals at the Patwon discovery on the Company's 100% owned Elmer Property (the 'Property') in the James Bay region of Quebec.

The Company's current 15,000-metre (60 holes) diamond drilling program at Elmer has resulted in 10,149 metres drilled to date (35 holes completed, two in progress).

This drilling program is designed to: 1. Expand the Patwon discovery with 10,000 metres (30 holes); 2.	Test 10 high-quality targets in the vicinity of Patwon with 5,000 metres (30 holes).

The most significant results from the first 10 holes at Patwon include: Hole ELM21-066 7.84g/t Au over 9.8 m (from 142.8 m to 152.6 m) incl. 39.81 g/t Au over 1.8 m

Hole ELM21-070 4.43 g/t Au over 46.05 m (from 264.45 m to 310.5 m) incl. 21.6 g/t Au over 6.0 m

Hole ELM21 071A 5.47 g/t Au over 33.6 m (from 329.4 m to 363 m) incl. 25.91 g/t Au over 5.35 m, and

4.08 g/t Au over 18.6 m (from 410.5 m to 429.1 m) incl. 13.22 g/t Au over 2.15 m

Hole ELM21-072 6.43 g/t Au over 40.6 m (from 287.9 m to 328.5 m) incl. 12.98 g/t Au over 15.2 m

KEY FACTS

These new results mark a significant step forward in the delineation of the Patwon gold discovery, confirming its robustness and strong growth potential.

Azimut's management considers Patwon to be one of the largest gold discoveries in the James Bay region since the discovery of the Eleonore deposit in 2004.

Exploring during a pandemic

In the COVID-19 pandemic context, Azimut has implemented strict protective measures for its operations following INSPQ and CNESST guidelines. The Cree Nation Government has reviewed the Company's protocols. Azimut acknowledges the excellent collaboration with the Cree authorities to help advance the Company's operations under these very challenging circumstances. The measures are continuously monitored and regularly adjusted as needed.

Drilling Contract and Analytical Protocols

The drilling contract was awarded to RJLL Drilling Inc. of Rouyn-Noranda, Quebec. The core diameter is NQ. Core samples are sent to AGAT Laboratories of Mississauga, Ontario. Gold is analyzed by fire assay, with atomic absorption and gravimetric finish for grades above 3.0 g/t Au. Samples are also analyzed for a 48-element suite using ICP. Azimut applies industry-standard QA/QC procedures to the program. Certified reference materials, blanks and field duplicates are included in all drill core batches sent to the laboratory.

About Azimut

Azimut is a mineral exploration company whose core business centres on target generation and partnership development. The Company is actively advancing the Patwon gold discovery on its 100%-owned flagship Elmer Property in the James Bay region.

The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system), enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 69.2 million shares outstanding. Azimut's competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.

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 at the Elmer Property. To the extent that any statements in this press release contain information 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. There are many factors that could cause such differences, particularly volatility and sensitivity to market metal prices, impact of change 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 geological 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 obtain 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 affect the Company's business.

Contact:

Jean-Marc Lulin

Tel: (450) 646-3015

Fax: (450) 646-3045

Email: info@azimut-exploration.com

Web: www.azimut-exploration.com

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