Azimut Expands Fortin Antimony-Gold Zone, Wabamisk Property, James Bay Region, Québec

Best results include 0.87% Sb over 12.5 m and 0.54% Sb over 17.0 m Subparallel gold zone returns 4.66 g/t Au over 6.0 m incl. 26.7 g/t Au over 1.0 m LONGUEUIL, Québec, May 20, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (“Azimut” or the “Company”) ( TSXV: AZM ) ( OTCQX: AZMTF ) is pleased to report the complete results of its third diamond drilling program on the Fortin antimony-gold zone (the “Fortin Zone”) on its wholly owned Wabamisk Property (the “Property”) in the Eeyou Istchee James Bay (“James Bay”) region of Québec, Canada ( see Figures 1 and 2 ). A total of 27 holes were drilled in this program for 5,108 metres (holes WS26-87 to WS 26-113). Since its discovery by prospecting in 2024, Azimut has drilled a total of 113 holes (17,394 m) on the Fortin Zone and surrounding targets.

This includes a separate gold zone (“Fortin South”), located about 100 metres south and subparallel to Fortin, which has been further delineated during this program. In addition, Azimut has drilled 46 holes (6,651.2 m ) since late last year on the Rosa gold zone , located 15 kilometres west of Fortin. The results of the second program (20 holes for 3,018.2 m) will soon be reported.

These recent discoveries underscore the strong exploration potential of the Wabamisk Property, which is emerging as a district-scale play . The planned work for 2026 will accelerate the definition of the zones and test new targets through an extensive ground geophysical survey (in progress) , mechanical stripping, prospecting, and diamond drilling. DRILLING HIGHLIGHTS ( see Figures 3 to 6, Tables 1 and 2 ) PROGRAM SUMMARY This press release presents the results from the third delineation phase on the Fortin Zone ( see Table 1 ).

Previous drilling and channel sampling results have be