Azimut Exploration, Inc. · TSXV:AZM

Azimut Exploration — Investor Presentation (November 2022)

24 slides from Azimut Exploration's investor presentation, Nov 7, 2022

  1. Slide 1: A Leading Multicommodity Explorer

    AZ| M U T TSXV: EXPLORATION OTCQX: A Leading Multicommodity Explorer ADVANCING THE ELMER GOLD DISCOVERY

  2. Slide 2: Forward-looking Statements

    Forward-looking Statements Except for the statements of historical fact contained herein, the information presented in this presentation constitutes “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information”

  3. Slide 3: What Sets Us Apart?

    am © A Leading : ual Elmer Explorer in Exploration Discovery 3 Quebec ergot com hele Calin pred rnin pest conn 100% owned Predictive modelling that works WHAT SETS US APART? an cumnenaay ADVANCING A MA s os JOR GOLD DISCOVERY AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF /\ AZIMUT EXPLORATION

  4. Slide 4: Corporate Highlights

    Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Working Capital CS19.1 M Shares 79.3M Outstanding F/D: 85.9M CS0.60 Share Price 52-week H/L: C$1.81 / CS0.49 Market Cap CS48M Working Capital as at May 31, 2022 / Shares Outstanding os at September 09, 2022 4 Track record of lo

  5. Slide 5: Quality Portfolio

    Quality Portfolio A LEADING POSITION IN A STABLE JURISDICTION 4 29 properties for 6,590 km? 4 Strategic commodity exposure 4 Gold 4 Copper 4 Nickel 4 Funding and partnerships in place for significant exploration activities Rex (Copper-Gold) Rex South (Copper-Gold Main focus is the 100% owned, flagsh

  6. Slide 6: Elmer Gold Discovery

    Elmer Gold Discovery Aaa

  7. Slide 7: Elmer Gold Project

    Elmer Gold Project POSITIONED TO BE A MAJOR GOLD ASSET IN QUEBEC 4 Drilling discovery in 2020 Aggressively advanced ever since 4 Located 100 km west of the Eleonore Gold Mine (Newmont), James Bay Region 4 Close proximity to excellent infrastructure 4 Paved highways 4 Powerlines 4 Airports 4 Support

  8. Slide 8: Elmer Gold Project

    Elmer Gold Project POSITIONED TO BE A MAJOR GOLD ASSET IN QUEBEC 4 Drilling discovery in 2020 Aggressively advanced ever since 4 Located 100 km west of the Eleonore Gold Mine (Newmont), James Bay Region 4 Close proximity to excellent infrastructure 4 Paved highways 4 Powerlines 4 Airports 4 Support

  9. Slide 9: A-21 Zone

    305,000 340,000 ! A-21 Zone Wolf Prospect 0.5 git Au, 45.0 git Ag / 30 m (D Z 1925 ghAu! 1.0m (Cc) (2.7 gu, 6.0% Zn/ 1m (0) 12.3gitAu/ 1.75 m(C) 102.52 g/t Au, 19.9 git Ag (G) 5 58.2gitAu(G) rN ascii ora (e) — 17.45 g/t Au (G) El Pp t 4,65 git Au, 160 git Ag, 7% Cu (G) gene ‘ppt, wortag 74 cu(@) sr

  10. Slide 10: Excellent Results to Date

    10 Excellent Results to Date True Thickness Depth 24.04 g/t Au over 18.0 m 71m == -240m 315 g/t Au over 102.5 m 62.6m -30m 2.84 g/t Au over 108.2 m 63.7m -50m 3.01 g/t Au over 90.2 m 827m - 170m 643 g/t Au over 40.6 m 38.2m - 310m 4 Major New Gold Discovery GOLD DISCOVERY ADVANCING A MAJOR

  11. Slide 11: 2022 Exploration Objectives

    2022 Exploration Objectives Patwon Gold Zone: Camp-scale Exploration: Delineation of a maiden NI 43-101 Defining and drill testing additional compliant gold resource mineralized zones > Crystallizing the value > Outlining the full potential of the Patwon Gold Zone of the Elmer Gold Project " ADVANCI

  12. Slide 12: Figure as at September 13, 2022

    Figure as at September 13, 2022

  13. Slide 13: Figure as at September 13, 2022

    September 13, 2022 NR Figure as at September 13, 2022

  14. Slide 14: Reported Reserves and Resources as at December 31, 2021

    open open - 1,000m Source: Alamos Gold - 1,500m Reported Reserves and Resources as at December 31, 2021 Source: Agnico Eagle Mineral reserves are not a subset of mineral resources

  15. Slide 15: Patwon Gold Zone

    Patwon Gold Zone Geometric Continuity Outstanding geometric continuity from surface and down to 800 m Open Pit and Underground Potential for combined open pit and bulk underground mining Wide Mineralized Envelope Wide mineralized envelope (>2 g/t Au) including consistent high-grade zones (>5 g/t Au)

  16. Slide 16: Patwon Gold Zone

    315,000 323,000 A-21 Zone 0.76% Zn, 0.24% Cu / 9.7m at 247 m 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) 102.52 g/t Au, 19.9 g/t Ag (G) 6.3 g/t Au (G) 0.14 g/t Au, 12 g/t Ag, 0.24% Zn, 0.58% Cu / 1.5 m 0.36 g/t Au / 31.0 m (D) 18.25 g/t Au (G) 5,802,000 5,802,000 at 217 m 2.7 g/t Au, 5.0% Zn / 1 m (D) 17.15

  17. Slide 17: Patwon Gold Zone

    305,000 340,000 A-21 Zone N 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) Wolf Prospect 0.36 g/t Au / 31.0 m (D) 19.25 g/t Au / 1.0 m (C) 2.7 g/t Au, 5.0% Zn / 1 m (D) 12.3 g/t Au / 1.75 m (C) 0.8 g/t Au / 11 m (D) 5,815,000 3.7 g/t Au / 0.7 m (D) 58.2 g/t Au (G) 102.52 g/t Au, 19.9 g/t Ag (G) 18.55 g/t Au (G)

  18. Slide 18: Additional Exploration Activities

    Additional Exploration Activities AZIMUT EXPLORATI

  19. Slide 19: Magnetic Vertical Gradient

    355,000 375,000 5,815,000 Magnetic Vertical Gradient Probable Structures High Brittle Fault Brittle-Ductile or Ductile Shear Zone 5,800,000 Low 2nd Order Shear 2.5 km 355,000

  20. Slide 20: Figure Figure as as at

    361,000 362,000 5,807,500 5,807,500 0.73% Cu, 0.06% Ni, 112 ppm Co, 7.09 g/t Ag 0.65% Cu, 0.08% Ni, 127 ppm Co, 5.92 g/t Ag 1.03% Cu, 0.38% Ni, 316 ppm Co, 5.42 g/t Ag 0.81% Cu, 0.26% Ni, 223 ppm Co, 1.91 g/t Ag 004 001 0.17% Ni, 009,010 161 ppm Co 003,005,006,011 007,008 002 0.27% Ni, 0.27% Cu over

  21. Slide 21: Newly Generated Nickel Targets

    Pikwa AZM-SOQUEM JV AZM- SOQ EM WV Newly Generated SS Nickel Targets he at \. bd WP mien STRATEGIC AND PROSPECTIVE é ' — POSITIONING yee? Rega penerd Wire J rN) De 4 Strategic positioning on targets with Bay NOM SOCUEM JV a ‘e ° nickel, copper, cobalt, and PGE potential | ELMER peg 4 Defined by Azim

  22. Slide 22: Rex Trend: Giant Copper Footprint

    Rex Trend: Giant Copper Footprint UNLOCKING THE POTENTIAL OF A WORLD-CLASS TARGET 4 330 km x 30 - SO km lake-bottom sediment anomaly 4 > 30 mineralized zones (Cu-Au) 4 Underexplored giant target for critical and strategic minerals: Cu, W, Sn, Bi, Be, Te, Re, In, REE 4 Potential for: 4 10CG 4 Intrusi

  23. Slide 23: Summary

    23 Summary Elmer Gold Project Patwon Gold Zone 4 Near surface expansion drilling 4 Maiden resource estimate Elmer Camp Scale Exploration 4 Strong potential for additional discoveries Active Partnerships Wapatik 4 Follow up exploration drilling Munischiwan 4 Drilling program results Rex / Rex South 4

  24. Slide 24: azimut-exploration.com

    ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com

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