1.87% Li2O over 36.30 metres
2.20% Li2O over 23.05 metres
LONGUEUIL, Quebec, July 14, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) (OTCQX: AZMTF) is pleased to report the results from the maiden diamond drilling campaign conducted in late 2025 on its Wabamisk East Property (the "Property") over the Lithos pegmatite field in the Eeyou Istchee James Bay region of Quebec, Canada (see Figures 1 to 6, Tables 1 and 2).
This short drilling phase (5 holes for 650 m) confirms the significant lithium potential of the Property already recognized through extensive prospecting, mechanical stripping and channel sampling programs.
The Property displays a high-grade, multi-kilometre-scale spodumene pegmatite field over two (2) main areas: Lithos North and Lithos South. At least 138 distinct spodumene-bearing outcrops have been identified, with 340 channel and grab samples returning grades higher than 0.5% Li2O, with an average grade of 1.94% Li2O (see press release of December 23, 2025i). Grab samples are selective by nature, unlikely to represent average grades, and may not represent true underlying mineralization.
The Lithos North pegmatite field, the largest zone identified to date on the Property, comprises an en echelon array of pegmatite bodies defining a 1.2-kilometre-long corridor. Among the significant lithium deposits known in the James Bay region, the Galaxy deposit (Rio Tinto), located 125 kilometres west of the Property (see Figure 2), appears to be the closest geometric analogue, characterized by a comparable en echelon arrangement of stacked pegmatite bodies.
While lithium remains an important attribute of the Property, the 2026 exploration program will focus on advancing several well-defined gold targets in the immediate vicinity. These targets are associated with strong arsenic soil anomalies within the same regional anomalous trend identified on the adjacent Wabamisk Property. On Wabamisk, the Rosa Zone (gold) and Fortin Zone (antimony-gold) occur along this arsenic trend (see press releases dated May 20, 2026ii and May 26, 2026iii, notably on its Figure 9).
HIGHLIGHTS
All five (5) drill holes intersected high-grade lithium pegmatite.
Best results include:
Hole WL25-01 | 1.87% Li2O over 36.30 m from 41.0 m to 77.3 m | |
Hole WL25-02 | 1.18% Li2O over 7.40 m from 11.7 m to 19.1 m | |
1.47% Li2O over 11.75 m from 29.55 m to 41.3 m | ||
2.20% Li2O over 23.05 m from 52.35 m to 75.4 m, including | ||
3.40% Li2O over 4.45 m from 61.2 m to 65.65 m | ||
Hole WL25-03 | 1.25% Li2O over 6.45 m from 43.85 m to 50.3 m | |
Hole WL25-04 | 1.28% Li2O over 14.60 m from 21.2 m to 35.8 m | |
Hole WL25-05 | 1.46% Li2O over 5.45 m from 49.65 m to 55.1 m | |