Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (February 2026)
25 slides from Azimut Exploration's investor presentation, February 2026
Slide 1: A Leading Multicommodity Explorer in Quebec
TSXV: AZM OTCQX: AZMTF A Leading Multicommodity Explorer in Quebec Value Creation Through Discoveries February 2026
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 inform
Slide 3: Present Status
Azimut Exploration Inc. TSXV: AZM / OTCQX: AZMTF PRESENT STATUS A STRATEGIC SHIFT: From Project Generator to Advanced Explorer following key discoveries GOLD FOCUS on TWO FLAGSHIP PROJECTS with some exposure to critical minerals (Cu, Ni, Sb, Li) DRILLING CATALYSTS on several projects STRONG BALANCE
Slide 4: A Quebec Focused Explorer
29 A Quebec Focused Explorer properties 14,833 claims A UNIQUE POSITION IN THE Kukamas (Nickel - Copper - PGE) PROVINC E Gold Elmer (Gold) Copper Focused in the James Bay Ind. - 311,200 oz at 1.93 g/t Au Inf. - 513,900 oz at 1.94 g/t Au JB Lithium Nickel Lithium Geologically endowed region with Othe
Slide 5: Portfolio Highlights
Portfolio Highlights KEY PROJECTS DISCOVERIES – PROJECTS YEAR STATUS METALS DEVELOPMENT STAGE PATWON – ELMER 2020 100% AZM Au - Cu MRE – EXPANSION DRILLING FORTIN – WABAMISK 2024 100% AZM Sb - Au DELINEATION DRILLING ROSA – WABAMISK 2025 100% AZM Au FOLLOW - UP DRILLING LITHOS – WABAMISK EAST 2024 1
Slide 6: Corporate Highlights
Corporate Highlights A SOLID FOUNDATION FOR GROWTH Capital Structure Share Ownership Partners Working Cap C$7.8M 19% Quebec - based Institutions Equity Interests ~C$17M 25 % 5% Institutional / HNW Shares 101M Insiders Outstanding F/D: 108M 11% C$0.94 30% Analyst / Share Price 52 - week H/L: C$1.10/
Slide 7: Gold
Gold WABAMISK Au - Sb ELMER Au - Cu Wabamisk - Rosa Zone Discovery
Slide 8: Elmer & Wabamisk Projects
Elmer & Chisasibi Radisson Kukamas AZM - KGHM Option Wabamisk Project s James LEGEND Bay FLAGSHIP GOLD Mine Deposit PROJECTS Wemindji Eleonore Gold Village/Airport Hydro-electric dam Pilipas Mine Roads AZM - Ophir Option Dhilmar Ltd. 100% owned flagship projects Powerlines Munischiwan AzimutTenure A
Slide 9: Elmer
A-21 WOLF NORTH 0.5 g/t Au, 45.0 g/t Ag / 30 m (D) 5 km 5.09 g/t Au, 172 g/t Ag, 7.53 % Cu (G) 0.36 g/t Au / 31.0 m (D) 4.65 g/t Au, 160 g/t Ag, 7% Cu (G) PATWON 2.7 g/t Au, 5.0% Zn / 1 m (D) 2.38 g/t Au, 91.4 g/t Ag, 4.71 % Cu (G) WEST 0.8 g/t Au / 11 m (D) 2.3 g/t Au, 8.24 g/t Ag, 1.3 % Zn (G) 12.
Slide 10: A Robust Gold Zone
3D Isometric View Looking East A Robust Gold Zone INITIAL MINERAL RESOURCE ESTIMATE Patwon Gold Zone Resource Estimate announced in Nov 2023 using $1,800/oz price Indicated : 311,200 oz grading 1.93 g/t Au Inferred : 513,900 oz grading 1.94 g/t Au Mineralization remains open laterally and to depth I
Slide 11: A Clear Plan
Longitudinal Section Looking Northwest A Clear Plan SIGNIFICANT 2026 WORK PHASE 10,000 m drill program planned Focus on expanding the known gold resource Advanced technical studies scheduled Targeting an update to the MRE to support preparation of a PEA Figure as of November 21, 2023 11 A LEADING MU
Slide 12: Wabamisk
ROSA ZONE FORTIN ZONE 24.8% Sb, 1.35 g/t Au (G) 3.26 g/t Au / 9.35 m (D) 1.10% Sb, 0.38 g/t Au / 51.50 m (D) 17.65% Sb , 2.48 g/t Au (G) 30.17 g/t Au / 4.0 m (C) incl. 111.5 g/t Au / 1.0 m 23.0 g/t Au / 3.0 m (C) 1.08% Sb, 0.53 g/t Au / 22.7 m (D) 1.01% Sb, 0.15 g/t Au / 17.85 m (D) 0.65% Sb, 0.13 g
Slide 13: Wabamisk – Fortin Zone
WABAMISK FORTIN ZONE Outcropping antimony - gold rich zone 1.10% Sb over 51.5 m (drilling) 4.02% Sb over 15.0 m (channel) 36.5 g/t Au over 1 m (channel) up to 24.8% Sb (grabs) Extensive stripping and sampling completed in 2025 Robust km - scale system Possible gold enrichment deeper Gold - bearing z
Slide 14: Wabamisk – Fortin Zone
WABAMISK FORTIN ZONE Strike - length: At least 1.8 km, based on 48 mineralized holes, within a broader 2.4 - km - long prospective corridor Thickness : Intervals grading above 0.1% Sb range from 5 to 50 m wide along the hole, roughly 25 m on average Dip : To the south at approximately 70 to 75 degre
Slide 15: Wabamisk – Rosa Zone
WABAMISK ROSA ZONE New significant gold zone Multiple high - grade surface results over 300 m with OPEN impressive occurrences of visible OPEN 1.4 km target zone gold Robust, laterally continuous gold system with encouraging grades and thicknesses in drill holes Open along strike and at depth Contin
Slide 16: Wabamisk – Additional Upside
WABAMISK ADDITIONAL UPSIDE Three additional underexplored zones to be assessed in 2026 Strong linear soil anomaly in arsenic well correlated with major structures and gold showings 22 km of cumulative strike Planned Program Induced polarization survey Prospecting Drilling 16 A LEADING MULTICOMMODITY
Slide 17: Nickel
Nickel KUKAMAS Ni - PGE JBN Ni - Cu - PGE
Slide 18: A Unique Nickel Portfolio
KUKAMAS A Unique Nickel AZM/KGHM Radisson option Chisasibi Portfolio STRATEGIC, LARGE - SCALE Wemindji Eleonore Gold Mine Renard Diamond Mine PORTFOLIO Dhilmar Ltd. Stornoway James Km - scale mafic to ultramafic Bay intrusions represent ELMER underexplored target type WAPATIK Significant exploration
Slide 19: Kukamas – Perseus Zone
PERSEUS ZONE KUKAMAS 2.98% Ni, 0.32% Cu, 2.25 g/t PGE / 8.0 m incl. 3.74% Ni, 0.41% Cu, 2.82 g/t PGE / 6.0 m (C) 1.10% Ni, 0.15% Cu, 1.02 g/t PGE / 9.0 m incl. 1.42% Ni, 0.19% Cu, 1.36 g/t PGE / 6.0 m (C) NICKEL - PGE DISCOVERY 8.42% Ni, 0.55% Cu, 7.25 g/t PGE / 1.9 m (D) 6.06% Ni, 0.38% Cu, 3.34 g/
Slide 20: Kukamas – Perseus Zone High-Grade Nickel
KUKAMAS PERSEUS ZONE - HIGH - GRADE KAMBALDA - TYPE NICKEL Hole KUK24 - 007 6.06% Ni, 0.38% Cu, 3.34 g/t PGE, 0.20 g/t Au over 2.6 m ( from 32.4 m to 35 m) including 19.6% Ni, 0.81% Cu, 9.43 g/t PGE, 0.58 g/t Au, 9.43 g/t Te over 0.75 m Best results to date: Two horizons open in all directions 8.42%
Slide 21: Lithium Portfolio
Lithium Portfolio Wabamisk – Lithos Zone
Slide 22: James Bay Region: World-Class Emerging Lithium Province
Shaakichiuwaanaan James Bay Region: Chisasibi Radisson PIKWA 1% NSR PMET Resources Dalmas World - Class Emerging Pontois AZM - SOQUEM JV AZM - SOQUEM JV Cancet Adina JB LITHIUM Lithium Province 13 Blocks 100% AZM Winsome Resources Corvet Kaanaayaa Winsome Resources GALINEE SIGNIFICANT EXPOSURE IN We
Slide 23: Wabamisk East
WABAMISK EAST LITHOS: EXTENSIVE LITHIUM TARGETS 4 km 2 prospective lithium zone At least 138 distinct spodumene - bearing outcrops, defining a high - grade, multi - kilometre - scale spodumene pegmatite field To date, 340 channel and grab samples, with grades higher than 0.5% Li ₂O , returned an ave
Slide 24: Exploration Catalysts
Exploration Catalysts WELL - POSITIONED FOR AN AGGRESSIVE 2026 WABAMISK KUKAMAS Fortin Zone – Antimony - Gold Perseus Zone – Nickel - PGE ➢ 5,000 m drill program initiated ➢ 4,000 m drill program results Rosa Zone – Gold ➢ Budget for 2026 under review ➢ 2,000 m drill program planned WABAMISK EAST EL
Slide 25: Thank you! Merci!
Thank you! Merci! ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ Contact information Jean - Marc Lulin Jonathan Rosset President and CEO VP Corporate Development +1 (450) 646 - 3015 +1 (604) 202 - 7531 info@azimut - exploration.com jrosset @azimut - exploration.com TSXV: AZM OTCQX: AZMTF azimut-exploration.com
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