Azimut Exploration, Inc. · TSXV:AZM

Azimut Exploration — 121 Mining Investment, October 2018, New York

12 slides from Azimut Exploration's conference presentation, October 2018

  1. Slide 1: Azimut: Gold & Copper Quebec-Scale Exploration

    Azimut: Gold & Copper Quebec-Scale Exploration Jean-Marc Lulin, PhD, P.Geo. President and CEO Azimut Exploration Inc. 121 Mining Investment October 2018 New York

  2. Slide 2: Gold & Copper Quebec-Scale Exploration

    Gold & Copper Quebec-Scale 1) Key Facts about Azimut Exploration 2) Flagship: Eleonore South 3) Outlook

  3. Slide 3: Key Facts

    Key Facts TSXV: AZM • Company founded in 1986 • 48.5M shares outstanding (52.7M fd) – Never consolidated • Tightly held share structure: 62% of the shares owned by top shareholders: − 5% insiders − 24% institutional funds in Quebec (Caisse, FSTQ, Desjardins, Sidex,...) − 33% several large corporate

  4. Slide 4: Azimut in Quebec, Canada

    Azimut in Quebec, Canada • Core business since 2003: Big Data analytics applied to mineral exploration, alongside partnership development • 30 partnership agreements since 2003, including Rio Tinto (3), Goldcorp (2), IAMGOLD (2), Hecla Mining (2) and SOQUEM (1) • Discovery of 400+ mineral prospects

  5. Slide 5: 28 properties, 7,090 claims, 3,466 km2

    28 properties 7,090 claims 3,466 km2 Montréal Quebec City

  6. Slide 6: Prospects: Major Results obtained by Azimut and Partners since 2003

    Prospects Major Results obtained by Azimut and Partners since 2003 Gold Copper Nantais Belt: Au, Ag, Cu, Zn Uranium Ungava Bay uranium Polymetallic province: Rössing-type Rex Trend polymetallic province: Au-Ag-Te-Bi-Cu-W- Sn, IOCG & Intrusion-related systems Intrusion-related gold mineralization in

  7. Slide 7: Quebec-Scale Copper Footprint Rex Trend

    Quebec-Scale Copper Footprint Rex Trend Lake-bottom sediment anomaly 330 km long by 30 to 50 km wide Under-explored, neglected giant target Rex Project: 30 km long prospective corridor. Grabs up to: 580 g/t Au, 552.9 g/t Ag, 11.35% Cu Rex South Project: ±60 km cumulative length of highly prospective

  8. Slide 8: Eleonore South JV Property

    Eleonore South JV Property • Located 10 km from Goldcorp’s Eleonore Mine (8 Moz Au) • Azimut 26.6%, Goldcorp 36.7%, Eastmain 36.7% • Highly prospective intrusion surrounded by metasediments • Discovery underway within a 4 km x 600 m gold-bearing corridor  79.5 g/t Au / 5.87 m Channel sample  0.65

  9. Slide 9: Opinaca and Eleonore South properties

    OPINACA D OPINACA A (Azimut) (Azimut/Everton) OPINACA B (Azimut/Everton/Hecla) ELEONORE SOUTH (Azimut/Goldcorp/Eastmain)

  10. Slide 10: Eleonore South Property selected drill, channel and prospecting results

    \ a ee 7s a f aw JT Prospect —-:-ye0-.- 1.33 gitAu/7.5m (D) ~+<«- 1.54 git Au / 5.7 m (D) | ““""=_ 5.33 gitAu/8.0m(C)| * "> 1.49 git Au / 16.0 m (C) |~*-=.9e 10.9 git Au / 3.0 m (C) Metasediments T 5,829,000 x Eleonore South Property (Azimut-Goldcorp-Eastmain JV) \ lé ona. ~N Metasediments \ & Oo \

  11. Slide 11: Hole ES17-64: 3.0 g/t Au over 77.3 m

    Hole ES17-64: 3.0 g/t Au over 77.3 m including 4.9 g/t Au over 45.0 m Native gold with arsenopyrite. Core sample at 204.65 m downhole Azimut 1 cm

  12. Slide 12: Outlook

    Outlook Advancing key properties Eleonore South JV (AZM-G-ER): Discovery underway Drilling 7,000 m up to December 2018 Significant drilling expected in 2019 Strategic Alliance with SOQUEM: Generation of a royalty portfolio Pending results on eight Au (Cu) projects New project (100% AZM): Elmer (Au,

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