Slide 1: AZM
AZM TSXV: AZM OTCQX: AZMTF AZMTF
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”
Slide 3: Azimut: A Strategic Positioning in Quebec
Azimut: A Strategic Rox Trend (Copper Cole) ae ° 7 T properties ene ° ° z e “~~ 16,786 Positioning in Quebec tet tere pP i s 8405 km? LARGEST EXPLORATION PORTFOLIO IN A STABLE JURISDICTION @ Gold A Flagship Gold Project — © Copper 4 Elmer — Resource Estimate Published |J8 Lithium: 13 blocks @ Nickel
Slide 4: Corporate Highlights
Corporate Highlights THE RIGHT INGREDIENTS FOR SUCCESS Capital Structure Working Capital ~CS10M Shares 85.2M Outstanding F/D: 91.8M CS0.83 Share Price 52-week H/L: C$1.80 / CSO.59 Market Cap CS70M Working Capitat Estimated after completion of $8.18M financing Shores Outstanding as at October 27, 202
Slide 5: Board and Management
Board and Management EXPERIENCED TEAM WITH A TRACK RECORD ~ ¢ @®) Jean-Marc Lulin, PGeo, PhD, President and CEO, Director _ ; Rock Lefrangois, P.Geo, VP Exploration £ Se ey eee See ee oa re uee a 4 35 years of international experience in the search, evaluation and development of | i its thi hi he Am
Slide 6: A Key Exploration Player in Quebec
A Key Exploration Player in Quebec 20-YEAR HISTORY OF PARTNERSHIPS AND EXPLORATION SUCCESSES 2003 2005 2007 2011 2015 2017 2019 2021 - ~ 2010 - - - 2023 2004 2006 2008 2012 2016 2018 2020 New “Prospector Targeting the “Discovery of the leadership — New partnerships of the Year’ Elmer gold Year” awar
Slide 7: Elmer Gold Discovery
~~ ~*~ —_ Elmer Gold Discovery Aaa ~
Slide 8: Elmer Gold Project
Elmer Gold Project QUALITY GOLD ASSET IN THE JAMES BAY REGION 4 Drilling discovery in 2020 4 Initial Resource Estimate in 2023 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
Slide 9: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 10: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 11: Figure as of November 21, 2023
Figure as of November 21, 2023
Slide 12: Patwon Gold Zone
Patwon Gold Zone Geometric Wide Mineralized Excellent Gold Exploration Continuity Envelope Recoveries Upside Outstanding geometric Wide mineralized envelope Non-refractory free-milling Mineralization remains continuity from surface (~2 g/t Au) including consistent gold. Recoveries up to 94%, open at
Slide 13: Lithium Portfolio
Lithium Portfolio AZIMUT EXPLORATION
Slide 14: Quebec, a Leader in the Green Energy Transition
Quebec, a Leader stanley in the Green Aiport ¢ Power dam Energy Transition ower ine James Bay Lithium deposits & major occurrences Railway Azimut's lithium James Bay Lithium Mineral Province properties 4 Outstanding geologic context for LCT pegmatites 4 Initial exploration stage MINING 4 Sustainable
Slide 15: James Bay Region: World-Class Emerging Lithium Province
James Bay Region: World-Class Emerging Lithium Province AZIMUT HAS THE LARGEST LAND HOLDINGS IN THE REGION 4 5 major projects identified as highly prospective for lithium 4 Two JV projects with SOQUEM in the immediate proximity of discoveries by Patriot Battery Metals and Winsome Resources 4 Two pro
Slide 16: Adina Zone
Adina Zone Adina Property (Winsome Resources) Galinée Property (AZM-SOQUEM JV) 5 km Figure as of October 23, 2023
Slide 17: Adina Property (Winsome)
Adina Property (Winsome) 26.85 m 31.6 m 12.7 m 8.9 m 12.3 m 78.4 m Figure as of November 29, 2023
Slide 18: Galinée Project
Galinée Project SIGNIFICANT EXPLORATION POTENTIAL 4 Large property package: 33 km strike length 4 20-km long lithium prospective trend, spatially associated with well- defined and coincidental anomalies in pathfinder elements (Cesium, Rubidium, Gallium, Tin) 4 Anomalies are also well correlated with
Slide 19: (Azimut-Rio Tinto Option)
(Azimut-Rio Tinto Option) (Azimut-Rio Tinto Option) Figure as of July 10, 2023
Slide 20: Corvette Property
526,000 Corvette “core Discovery Area tos, POSITIONED IN CLOSE PROXIMITY TO A MAJOR DISCOVERY 4 Corvet 100% AZM — Rio Tinto Option 4 Prominent 26-km-long Li anomaly in lake sediments coupled with strong multi-element footprints for spodumene-bearing pegmatites 5,980,000 Cancet Property (Winsome) Pat
Slide 21: Attracting a Major Player in the District
525,000 600,000 Co rvette 1.45% Li20, 177 ppm Ta208 / 84.0 m| Discovery Area oer / | 2.43% Li2o, 163 ppm Ta206 / 86.2 m 2.12% L120 1156.9 m 1.61% Li20, 199 ppm Ta205 / 113.4m 165 % LI2O, 193 ppm Taz08 / 169.7 m 2.22% Li20, 147 ppm Ta205 170.1 m ‘Average 0.89% LIZO (4 samples) 3 5,980,000 ATTRACTING
Slide 22: Figure as of August 28, 2023
Figure as of August 28, 2023 430,000
Slide 23: Other Exploration Activities
Other Exploration Activities AZIMUT EXPLORATION
Slide 24: A Unique Nickel Portfolio
f Ly~ *ee a A Unique Nickel Tukonss — iat Soauem vO ere [AEM SOCUEM BY B22 ouen e —~ ee sae Portfolio [Corvet pzv-riorinte é ° o ices at Bee STRATEGIC AND PROSPECTIVE ~ Booed] gi? @ ° eee aueM sv Mine PORTFOLIO @ @lNewmont e Renard Diomend Mine Le . . James - @ . e 4 Km-scale mafic to ultramafic Bar
Slide 25: Leveraging Two Active Partnerships
KAMAS & ° Exploration a oe KAMA‘ e *\ Partnerships : LEVERAGING TWO ACTIVE PARTNERSHIPS ‘ : . = ‘ \ ithium ; " @® Mine Wapatik Nickel/Copper Project a A petithion) A. deposit Wemindji b © Village/Airport 4 ANi-Cu discovery — 2.68% Ni, 1.30% ine Maonore Gold © tose dan Cu, 0.09% Co over 3.30 m It New
Slide 26: Wapatik Project
Wapatik Project UNCOVERING A NEW NICKEL COPPER TARGET 4 High resolution mag survey identified a previously unrecognized kilometer-scale ultramafic intrusion 4 Initial prospecting confirmed presence of copper and nickel mineralization 4 High grade Nickel-Copper massive sulphide discovered in maiden p
Slide 27: A Successful Maiden Drill Program
A Successful Maiden Drill Program ENCOURAGING RESULTS TO DATE W1 Ultramafic Intrusion - Wapatik Property James Bay Region, Québec : ars 4 Drilling has identified significant Ni-Cu mineralization related to an ultramafic intrusion 900 m long x 400 m wide 4 Interpreted as a folded synvolcanic sill 0.1
Slide 28: 1.8% Cu / 0.3 m (C)
415,000 450,000 5,960,000 1.8% Cu / 0.3 m (C) 5,955,000 0.5 g/t Au, 0.83% Cu, 0.3 g/t Ag (G) 1.03 % Cu (G) 0.82% Cu, 1.2 g/t Ag (G) 3.3% Cu, 17.7 g/t Ag (G) ! ! 0.66 % Cu, 7.4 g/t Ag (G) !!! ! !! ! ! 10.63 g/t Au, 4.9 g/t Ag (G) ! ! ! ! ! ! 1.96% Cu, 0.4 g/t Au, 30 g/t Ag / 1 m (C) ! ! ! ! !! ! ! !
Slide 29: Rex Trend: Giant Copper Footprint
Rex Trend: Giant | — a Copper Footprint 30 a 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 10C
Slide 30: Summary
Summary MINIMUM $10M EXPLORATION BUDGET FOR 2023-2024, incl. S$6M PARTNER-FUNDED Expand along strike and Galinée: 5,000m program near surface Pikwa /Pontois Mgjor positioning for Canei/ Keemstenyes critical metals Wapatik Test well-defined surrounding targets Kukamas A LEADING MULTICOMMODITY EXPLORE
Slide 31: TSXV: AZM OTCQX: AZMTF azimut-exploration.com
ᓇᑯᕐᒦᒃ ᑭᓇᓈᐢᑯᒥᑎᐣ TSXV: AZM OTCQX: AZMTF azimut-exploration.com