Azimut Reports AGM Results and Provides Drilling Update LONGUEUIL, Quebec, March 02, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV:AZM) (OTCQX:AZMTF) is pleased to announce the voting results for its Annual General Meeting (the “AGM”) of shareholders held February 26, 2026. A total of 68,381,133 shares were voted in person or by proxy at the AGM, corresponding to 67.95% of the issued and outstanding shares of the Company. Shareholders approved all matters presented at the AGM as follows: Votes For% ForVote Withheld% WithheldTotal VotedElections of Directors Glenn J. Mullan65,734,20299.53%312,8040.47%66,047,006Jean-Marc Lulin65,895,18699.77%151,8200.23%66,047,006Jean-Charles Potvin65,833,68699.68%213,3200.32%66,047,006Jacques Simoneau65,862,68699.72%184,3200.28%66,047,006Michel Brunet65,881,18699.75%165,8200.25%66,047,006Christiane Bergevin65,901,46799.78%145,5390.22%66,047,006Vanessa Laplante65,944,46799.84%102,5390.16%66,047,006Appointment of Auditors67,498,56599.85%99,1000.15%67,597,665 Each of the resolutions approved at the AGM are described in detail in the Company’s Management Proxy Circular dated January 12, 2026, available on SEDAR+ at sedarplus.ca. Following the AGM, the Board of Directors reappointed the following officers of the Company: Jean-Marc Lulin, President and CEO; Moniroth Lim, CFO and Corporate Secretary; Jonathan Rosset, VP Corporate Development; Rock Lefrançois, VP Exploration. STRATEGIC UPDATE During the AGM, President and CEO Jean-Marc Lulin outlined Azimut’s strategy and key priorities for 2026. Supported by strong market conditions, solid shareholder support, and a highly effective exploration team, the Company has launched an ambitious exploration campaign with a clear focus on self-funded programs at its wholly owned flagship projects, Wabamisk and Elmer. Including the work planned at Kukamas, Azimut expects to complete at least 20,000 metres of drilling this year, clearly demonstrating the Company’s commitment to advancing its highest-ranked projects through drilling and delivering meaningful value to shareholders. EXPLORATION & PORTFOLIO UPDATE Wabamisk Advancements at Wabamisk continues at pace. The most recent drilling program has just been completed on the Fortin Zone (antimony-gold), with a total of 5,105 metres (27 holes). Most recent advances are very encouraging based on the last and deepest hole drilled (hole WS26-113) which encountered the mineralized albitic unit at a vertical depth of about 515 metres (from 537.4 to 557.5 metres along the hole), about 200 metres below previous drilling, and remains largely open in all directions. In addition, for the first time at Fortin, native gold grains have been observed at a depth of 521 metres within hole WS26-113. This may suggest that Fortin shows antimony to gold vertical zonation, as documented in several deposits worldwide, where higher gold grades may occur deeper in the system. The potential for an antimony-gold vertical zonation at Fortin has been highlighted in press releases since January 16, 2025, and continues to represent one of the Company’s key exploration priorities at Wabamisk (see press release of January 21, 2026i). All assay results from this drilling phase are pending. Drilling is active on the Rosa Zone (gold), with 736 metres (4 holes) completed so far in 2026, with a planned minimum of 2,000 metres. The maiden drilling program (3,633 metres, 26 holes), completed late last year, confirmed a kilometre-scale gold discovery open in all directions (see press release of February 9, 2026ii). Finally, results are expected shortly for the initial program conducted on the Lithos Pegmatite Field (lithium) in late 2025. Elmer Fieldwork at Elmer commences this week with the launch of a 10,000-metre drill program designed to expand the existing resource base. The project remains significantly underexplored. This work phase will advance Elmer toward its next valuation milestone with a resource update and, if warranted, a PEA (see press release of January 22, 2026iii). Portfolio Management Azimut continues to streamline its project portfolio while advancing active field programs. The Company will pursue select option agreements and divestitures, concentrating on a smaller number of high-impact projects. This disciplined focus aims to enhance efficiency and maximize the value of its most advanced assets for shareholders. Qualified Person Dr. Jean-Marc Lulin (P.Geo.), Azimut’s President and CEO, prepared this press release and approved the scientific and technical information disclosed herein, including the previously reported results presented by Azimut. He is acting as the Company’s qualified person within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About Azimut Azimut is a leading mineral company with a solid reputation for target generation and partnership development. The Company holds the largest portfolio of mineral projects in Que