Azimut grants stock options

Symbol: AZM.TSX Venture

LONGUEUIL, QC, Oct. 07, 2016 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or "the Company") (TSXV: AZM) announces that a total of 735,000 stock options have been granted to its directors, officers, employees and consultants. Of this number, 640,000 have been granted to its directors and officers and 95,000 to its employees and consultants. These options have an exercise price of $0.52 per share and are exercisable during a 10-year period.

Azimut is a mineral exploration company with its core business centred on target generation and concurrent partnership development. Targets are identified using advanced processing of large geoscientific databases enhanced by extensive exploration know-how. Azimut holds a strategic position for gold and base metals in Quebec.

SOURCE Azimut Exploration Inc.

Jean-Marc Lulin, President and CEO, Tel.: [phone] - Fax: [phone], [email protected], www.azimut-exploration.com