Azimut and SOQUEM Expand Lithium Drilling Discovery at Galinée

Spodumene Pegmatite Recognized over a Minimum 700-metre Strike Length

LONGUEUIL, Quebec, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report additional significant intercepts of spodumene pegmatites from the ongoing maiden core drilling program on the Galinée Property (the “Property”) in the Eeyou Istchee James Bay region of Quebec.

Since the first announcement reporting the drilling discovery of spodumene pegmatites (see press release of October 23, 2023), the new intercepts released today confirm a significant lithium zone currently recognized over 700 metres along strike. This zone remains completely open to the east and south.

Azimut and its partner SOQUEM Inc. (“SOQUEM”) are strongly encouraged by these initial results. The drilling program, initially planned for 1,600 metres, has now been expanded to a minimum of 5,000 metres to accelerate the delineation of this zone. To date, twelve (12) holes have been drilled totalling 3,435.9 metres. Azimut is acting as the operator.

HIGHLIGHTS (see Figure 1 to 7, Photos 1 and 2, and Table 1)

•	The new significant spodumene-bearing intercepts are as follows (visual observations, distances along core, assay results pending):
	Hole GAL23-006:		11.6 metres (from 216.8 m to 228.4 m, incl. a 0.8 m fault gouge from 222.2 m to 223.0 m): 5% to 30%-40% coarse spodumene crystals.
	Hole GAL23-007:		12.3 metres (from 228.7 m to 241.0 m): generally less than 5% spodumene but including a spodumene-rich interval (20%) from 234.45 m to 235.0 m.
	Hole GAL23-009:		21.5 metres (from 120.3 m to 141.8 m): 10% to 15% coarse spodumene crystals 14.0 metres (from 150.4 m to 164.4 m): 15% to 20% coarse spodumene crystals 13.8 metres (from 345.0 m to 358.8 m): 5% to 30% spodumene.
	Hole GAL23-010:		4.85 metres (from 104.15 m to 109.0 m): less than 5% spodumene 1.10 metre (from 116.4 m to 117.5 m): less than 5% spodumene 7.65 metres (from 121.2 m to 128.85 m): up to 7% spodumene.
	Hole GAL23-011:		31.6 metres (from 203.6 m to 220.1 m, incl. 3.95 m of amphibolite from 231.95 m to 235.9 m): 15% to 25% (locally up to 60%-65%) coarse spodumene crystals.