Azimut Exploration, Inc. · TSXV:AZM
Azimut Exploration — Investor Presentation (April 2026)
25 slides from Azimut Exploration's investor presentation, April 2026
Slide 1: From Project Generation to Advanced Exploration
TSXV: AZM OTCQX: AZMTF From Project Generation to Advanced Exploration Fast -Track Value Creation through Multiple Discoveries April 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: Focused on Advanced Exploration and Drilling
Focused on Advanced Exploration and Drilling 23 properties 12,208 A STRATEGIC EVOLUTION claims Elmer (Gold) Gold TWO FLAGSHIP GOLD PROJECTS : Ind. - 311,200 oz at 1.93 g/t Au Inf. - 513,900 oz at 1.94 g/t Au Copper Kukamas Nickel ELMER – Strong resource growth opportunity Lithium WABAMISK – Large -
Slide 4: Robust Structure | Supportive Investors and Partners
Robust Structure | Supportive Investors and Partners A SOLID FOUNDATION FOR GROWTH Company Snapshot Share Ownership Partners Working Cap C$7.8M 16% Quebec - based Institutions Investment portfolio ~C $ 13M 26% 5% Institutional / HNW Shares 101M Insiders Outstanding F/D: 108M 11% C$0.70 32% Analyst /
Slide 5: Portfolio Highlights
Portfolio Highlights KEY PROJECTS DISCOVERIES – PROJECTS YEAR STATUS METALS DEVELOPMENT STAGE MRE – EXPANSION PATWON – ELMER 2020 100% AZM Au - Cu 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: Gold Projects
Gold Projects ELMER Au - Cu WABAMISK Au - Sb Wabamisk - Rosa Zone Discovery
Slide 7: James Bay Region, Quebec
James Bay Kukamas Radisson Chisasibi AZM - KGHM Option Region, Quebec James A DEVELOPING Bay LEGEND Mine EXPLORATION AND Deposit Village/Airport MINING REGION Wemindji Pilipas Eleonore Gold Mine Hydro-electric dam Roads AZM - Ophir JV Dhilmar Ltd. Powerlines Munischiwan Geologically endowed AZM - SO
Slide 8: Elmer & Wabamisk Properties in the James Bay Region, Québec
Elmer & Wabamisk Properties in the James Bay Region, Québec Elmer & Wabamisk GEOLOGICAL CONTEXT Close to the boundary of two subprovinces Volcano - sedimentary units, surrounded by intrusive rocks Extensive east - west shear zones District - scale projects with robust exploration targets 8 ADVANCING
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) PATWON ELMER 4.65 g/t Au, 160 g/t Ag, 7% Cu (G) 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 (
Slide 10: Patwon Deposit
Patwon Deposit KEY DRILL INTERCEPTS TO DATE 24.04 g/t Au over 18.0 m 4.65 g/t Au over 29.0 m 3.57 g/t Au over 77.3 m 1.67 g/t Au over 79.4 m 6.43 g/t Au over 40.6 m 3.28 g/t Au over 39.35 m 9.99 g/t Au over 20.7 m 2.10 g/t Au over 64.85 m 4.43 g/t Au over 46.05 m 1.54 g/t Au over 64.85 m 3.59 g/t Au
Slide 11: A Robust Starting Point for Growth
3D Isometric View A Robust Patwon Gold Zone Looking East Starting Point for Growth INITIAL MINERAL RESOURCE ESTIMATE MRE announced in Nov 2023 using $1,800/oz price Indicated : 311,200 oz at 1.93 g/t Au Inferred : 513,900 oz at 1.94 g/t Au Mineralization remains open laterally and to depth Internal
Slide 12: Expanding Patwon
Longitudinal Section Looking Northwest Expanding Patwon 2026 PROGRAM 10,000 m drill program ongoing Focus on expanding the known gold resource Advanced technical studies scheduled Updated MRE planned to support a PEA Figure as of November 21, 2023 12 A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORAT
Slide 13: WABAMISK
ROSA ZONE FORTIN ZONE WABAMISK 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) 1.08% Sb, 0.53 g/t Au / 22.7 m (D) 1.44% Sb , 5.76 g/t Au (G) incl. 111.5 g/t Au / 1.0 m 1.01% Sb, 0.15 g/t Au / 17.85 m (D) 4.69
Slide 14: WABAMISK: A District-Scale Exploration Play
WABAMISK : A District - Scale Exploration Play FORTIN ZONE (Sb - Au) ROSA ZONE (Au) 1.1% Sb, 0.38 g/t Au over 51.0 m (D) 30.17 g/t Au over 4.0 m (C) 1.08% Sb, 0.53 g/t Au over 22.7 m (D) 9.29 g/t Au over 5.0 m (C) 1.01% Sb, 0.15 g/t Au over 17.85 m (D) 23.0 g/t Au over 3.0 m (C) 0.65% Sb, 0.13 g/t A
Slide 15: WABAMISK - FORTIN ZONE
WABAMISK - FORTIN ZONE EXTENSIVE GOLD - ANTIMONY ZONE & STRONG EXPLORATION UPSIDE Gold - antimony orogenic mineralized system related to a massive albitic stratiform hydrothermal alteration zone Significant footprint: At least 1.8- km - long within a broader 2.4 - km - long prospective corridor 5 to
Slide 16: WABAMISK – Fortin Zone
WABAMISK – Fortin Zone 2024 - 2025 : 12,286 m (86 holes) 2026: 5,105 m (27 holes / results pending ) 16 A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF
Slide 17: Possible Sb-Au Vertical Zonation – Comparison with the Lapa Mine
WABAMISK - FORTIN ZONE POSSIBLE Sb - Au VERTICAL ZONATION – Comparison with the Lapa Mine, Abitibi Fortin Lapa Fortin Lapa 250 m 250 m 500 m Hole WS26-113: 1000 m Native gold grains at 521 m along hole 1500 m Sb Au 17 A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF
Slide 18: WABAMISK – ROSA ZONE
WABAMISK – ROSA ZONE A NEW DISCOVERY WITH SIGNIFICANT UPSIDE Discovered in July 2025 by prospecting Maiden drilling program late 2025: 26 holes (3,633 m) Continuous gold - bearing zone preliminarily outlined over a 1.4 km strike , strongly correlated with high - grade surface results and IP anomaly
Slide 19: WABAMISK – Rosa Zone 1.4 km target zone
100 m WABAMISK – Rosa Zone 1.4 km target zone OPEN OPEN 19 A LEADING MULTICOMMODITY EXPLORER AZIMUT EXPLORATION | TSXV: AZM | OTCQX: AZMTF
Slide 20: Nickel
Nickel KUKAMAS Ni - PGE JBN Ni - Cu - PGE
Slide 21: 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 Significant exploration WAPATIK
Slide 22: KUKAMAS Nickel-PGE Discovery
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 23: KUKAMAS Perseus Zone
KUKAMAS PERSEUS ZONE - HIGH - GRADE KAMBALDA - TYPE NICKEL Two horizons open in all Perseus Zone directions Fertile system: High - grade Ni, high Ni/Cu ratio, high Pd/Pt ratio 8.42% Ni, 0.55% Cu, 7.25 g/t PGE over 1.9 m Similarities with Archean 6.06% Ni , 0.38% Cu, 3.34 g/t PGE over 2.6 m Kambalda
Slide 24: Exploration Catalysts
Exploration Catalysts WELL - POSITIONED FOR AN AGGRESSIVE 2026 ELMER KUKAMAS Patwon - Gold Perseus – Nickel - PGE ➢ 10,000 m drill program ➢ Drill program TBA ➢ Technical studies planned Wolf – K2 – Copper - Gold WABAMISK EAST ➢ Prospecting, mechanical stripping Lithos - Lithium ➢ Initial drilling c
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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