LONGUEUIL, Quebec, June 30, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) (OTCQX: AZMTF) is pleased to provide an update on the Company's comprehensive programs currently underway on four (4) key projects in the Eeyou Istchee James Bay ("James Bay") region of Quebec, Canada (Figures 1 to 4, Photos 1 to 3).
Azimut believes the 2026 field programs are among the Company's most significant to date. The objectives are to:
1) Accelerate the delineation of the 30-kilometre-long gold exploration corridor on the Wabamisk Property;
2) Test the lateral extension of the Patwon gold deposit on the Elmer Property and assess extensive underexplored gold-copper targets located in close proximity;
3) Expand the Perseus high-grade nickel discovery on the Kukamas Property; and
4) Begin assessing regional nickel targets on the Northern Nickel Corridor project.
The Company will hold a webinar today at 3pm ET (12pm PT) in French and at 4pm ET (1pm PT) in English. A short presentation by President & CEO Jean-Marc Lulin will be followed by a Q&A session for interested investors and shareholders. Questions can also be submitted in advance at info@azimut-exploration.com. Registration can be completed here: French Webinar / English Webinar.
PROJECT UPDATES
WABAMISK is emerging as a 30-kilometre-long district-scale gold exploration play following the discovery of the Fortin Zone (antimony-gold) in 2024 and the discovery of the Rosa Zone (gold) in 2025. A major field program is underway to accelerate the assessment of this prospective corridor through extensive mechanical stripping, prospecting, soil sampling and ground geophysics (induced polarization: "IP"). Drilling has already outlined a minimum 1,400-metre east-west gold-bearing strike at Rosa. Mechanical stripping using two excavators is confirming the continuity of this zone, exposing the gold-bearing vein system over a minimum of 450 metres, with widths up to 10 metres. The extensive sampling program will help with the design of the drill program planned for this fall.
Since the discovery of the Fortin and Rosa zones, the Company has drilled 159 core holes totalling 24,045 metres, returning very encouraging results (see press releases of May 20i and May 26, 2026ii). Additional robust gold targets, related to strong IP anomalies well correlated with pathfinder soil anomalies (arsenic and antimony), have been identified along a 12-kilometre-long segment between Rosa and Fortin, and these targets are now the subject of preliminary field assessment. Other attractive gold targets exist east of Fortin.