Core Viewpoint - Azimut Exploration Inc. held its Annual General Meeting (AGM) on February 26, 2026, where shareholders approved all resolutions, including the election of directors and the appointment of auditors, reflecting strong shareholder support and confidence in the company's strategic direction for 2026 [1][2][3]. Voting Results - A total of 68,381,133 shares were voted, representing 67.95% of the issued shares - All directors were elected with high approval rates, including: - Glenn J. Mullan: 99.53% approval - Jean-Marc Lulin: 99.77% approval - Jean-Charles Potvin: 99.68% approval - Jacques Simoneau: 99.72% approval - Michel Brunet: 99.75% approval - Christiane Bergevin: 99.78% approval - Vanessa Laplante: 99.84% approval - The appointment of auditors received 99.85% approval [1]. Strategic Update - President and CEO Jean-Marc Lulin outlined the company's strategy for 2026, focusing on self-funded exploration programs at flagship projects Wabamisk and Elmer - Azimut plans to complete at least 20,000 metres of drilling this year, emphasizing its commitment to advancing high-priority projects and delivering value to shareholders [3]. Exploration & Portfolio Update - **Wabamisk**: Recent drilling at the Fortin Zone (5,105 metres) revealed encouraging results, including the discovery of native gold grains at a depth of 521 metres, indicating potential vertical zonation of antimony to gold [4] - **Rosa Zone**: Active drilling has reached 736 metres with a minimum of 2,000 metres planned for 2026, following a successful maiden program that confirmed a significant gold discovery [5] - **Elmer**: A 10,000-metre drill program is set to commence, aimed at expanding the resource base, with the project being significantly underexplored [6]. Portfolio Management - The company is streamlining its project portfolio, focusing on high-impact projects while pursuing select option agreements and divestitures to enhance efficiency and maximize asset value for shareholders [7]. Company Overview - Azimut is recognized for its extensive mineral project portfolio in Quebec, specializing in gold, copper, nickel, and lithium exploration - The company employs a data-driven approach to exploration, utilizing its proprietary AZtechMine™ system to maintain a competitive edge [9]. - Strategic investors include Agnico Eagle Mines Limited and Centerra Gold Inc., holding approximately 11% and 9.9% of the company's shares, respectively [10].

Core Viewpoint - Azimut Exploration Inc. has successfully closed a non-brokered private placement with Centerra Gold Inc. and other entities, raising a total of $8,712,400 to support its exploration activities and business development [1][2][3]. Group 1: Financial Details - Azimut issued 9,935,000 common shares to Centerra for gross proceeds of $5,961,000 [1] - A concurrent private placement raised an additional $2,751,400, totaling 14,520,666 common shares issued at a price of $0.60 per share [2] - The total gross proceeds from the Offering amount to $8,712,400 [2] Group 2: Strategic Implications - Centerra now holds approximately 9.9% of Azimut's issued and outstanding common shares, marking its entry as a strategic investor [2] - The proceeds will be utilized to expand exploration activities on the Wabamisk (gold-antimony) and Elmer (gold-copper) properties, as well as for general corporate purposes [3] - Azimut anticipates a significant level of exploration activity over the next 12 months, including partner-funded exploration at the Kukamas (nickel-copper-platinum-palladium) project [3] Group 3: Investor Rights and Related Transactions - An investor rights agreement has been executed with Centerra, allowing it to participate in future equity issuances to maintain its ownership interest [4] - Agnico Eagle has subscribed for 833,333 common shares for gross proceeds of $499,999.80, representing approximately 11% of Azimut's issued and outstanding common shares post-offering [5] - The Agnico Offering is classified as a related party transaction under Multilateral Instrument 61-101, with exemptions applied for formal valuation and minority shareholder approval [5] Group 4: Regulatory and Compliance - The Offering is subject to final approval by the TSX Venture Exchange, with a hold period of four months and one day for all securities issued [6] - A material change report will be filed less than 21 days prior to the closing date of the Agnico Offering due to timing constraints [5]