Azimut: Stock option plan

Symbol: AZM.TSX Venture

LONGUEUIL, QC, Aug. 29, 2016 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV: AZM) announces that it has increased by 1,244,000 the number of common shares reserved for future issuance under its stock option plan shares for a total of 4,544,000, or approximately 9.99 % of the 45,449,496 common shares issued and outstanding of the Company as of August 29, 2016. All other terms of the stock option plan remain unchanged.

Azimut is a mineral exploration company with its core business centered 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Azimut Exploration Inc.

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