Azimut and SOQUEM Cut Thick Spodumene Pegmatites at Galinée, James Bay Region, Quebec

Outstanding spodumene-bearing intervals reaching 148.65 metres within a 166.1-metre-wide envelope in Hole GAL24-025

LONGUEUIL, Quebec, April 18, 2024 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to announce very encouraging visual results from its second phase of diamond drilling on the Galinée Property (the “Property”) in the Eeyou Istchee James Bay region of Quebec, Canada.

Hole GAL24-025 intersected a 166.1-metre-thick envelope containing two broad intervals of spodumene-rich pegmatite of 92.1 m and 56.55 m separated by 17.45 m of amphibolite (cumulative thickness of 148.65 m). The visual drill results represent material progress in the ongoing delineation of the Galinée discovery. The possible spatial convergence on Galinée of the Main and Footwall zones identified on the adjacent Adina project (Winsome Resources Ltd) may explain this wide envelope. This hypothesis will be tested by additional drilling and, if confirmed, would have a significant positive impact on the size of the mineralized zone on the Galinée project.

The current drilling phase was designed to further define and expand the high-grade lithium zone discovered during the maiden program in late 2023. Ten (10) holes have been drilled to date for a total of 2,569.65 metres and drilling is still ongoing. Initially planned as 2,500 metres, the program will be expanded early this summer, following the Goose Break Holiday, a traditional First Nations hunting period.

Azimut and its partner SOQUEM Inc. have ranked the Galinée Property as one of their top priorities for 2024. Azimut is the operator of the work program.

HIGHLIGHTS (see Figures 1 to 6, Photos 1 to 5, Table 1)

Significant spodumene-bearing intercepts from the ongoing program are as follows (visual observations, downhole lengths, assays pending):

Hole GAL24-018:	34.45 metres (from 158.15 m to 192.6 m): pegmatite with up to 15% spodumene, including 40% spodumene over 4.5 metres (from 165 m to 169.5 m); one amphibolite intercalation of 1.35 metres is present within this interval. 8.3 metres (from 213.5 m to 221.8 m): pegmatite with up to 30% spodumene.
Hole GAL24-020:	71.85 metres (from 75.85 m to 147.7 m): pegmatite with up to 40% spodumene, including a strongly mineralized section with up to 70% spodumene over 14.6 metres (from 108 m to 122.6 m), with giant crystals reaching up to 1.4 metres.
Hole GAL24-022:	42 metres (from 132.7 m to 174.7 m): pegmatite with variable spodumene contents, including a 40% to 50% spodumene-rich section over 14.8 metres (from 135.2 m to 150 m).
Hole GAL24-023:	20.9 metres (from 104.9 m to 125.8 m): pegmatite with 15% to 20% spodumene.