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LONGUEUIL, Quebec, July 20, 2026 (GLOBE NEWSWIRE) -- Azimut Exploration Inc. (TSXV: AZM) (OTCQX: AZMTF) (“Azimut” or the “Company”) announces it intends to proceed with a non-brokered private placement (the “Offering”) for total proceeds of up to $7,000,000, consisting of 6,038,647 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the “FT Shares”) at a price of $0.828 per FT Share, and 3,333,333 common shares of the Company (the “Hard Dollar Shares”) at a price of $0.60 per Hard Dollar Share.