Azimut and SOQUEM Transfer Ownership of Pikwa Property to PMET Resources in Quebec's James Bay Region

Sale and Purchase Agreement: Azimut Exploration Inc. has signed an agreement with PMET Resources Inc. for the sale of the Pikwa Property, a joint venture with SOQUEM, in exchange for shares valued at $3.1 million and a retained 1.0% NSR royalty.

Exploration Potential: The Pikwa Property is located near PMET's Shaakichiuwaanaan lithium project and has shown promising results, including the presence of spodumene, indicating potential for lithium resource expansion.

Stock Option Plan Amendments: Azimut's Board of Directors has approved amendments to its stock option plan, increasing the number of shares reserved for issuance to 10,052,000, pending approval from the TSX Venture Exchange.

Company Overview: Azimut is a leading mineral exploration company in Quebec, focusing on various high-potential projects, including lithium, gold, and nickel, while employing advanced data analytics for exploration strategies.