Azimut: additional encouraging results on the North Rae uranium property, Ungava Bay region, Quebec



    Symbol: AZM.TSX Venture

    LONGUEUIL, Jan. 3 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
reports additional encouraging results obtained on the North Rae property
located in the Ungava Bay region, Nunavik, Quebec. The property is under
option by NWT Uranium Corp. ("NWT"). Assay results from 27 rock grab samples
collected during the 2007 summer field campaign further indicate the
significant uranium potential of the property.
    Assay results from surface rock samples collected over three sectors (the
Tasik Zone and Torrent Zone and one area in the northern part of the property)
indicate values of up to 0.89% U3O8 (or 19.6 pounds/t U3O8). These results are
distributed as follows:

    
    - 23 samples with values higher than 0.01% U3O8, including 9 samples with
      values above 0.1% U3O8; and
    - 4 samples with values less than 0.01% U3O8.

    The Tasik Zone returned 8 samples with values higher than 0.1% U3O8: 0.89%
U3O8, 0.74% U3O8, 0.74% U3O8, 0.47% U3O8, 0.33% U3O8, 0.20% U3O8,        0.15%
U3O8 and 0.14% U3O8. This zone is recognized along a 0.9 km extent (see press
release dated November 19, 2007). Uranium mineralization is related to
pegmatitic dykes hosted by gneisses.
    Two samples collected in the northern part of the property returned values
of 0.11% and 0.04% U308. Additional rock sample results from the 2007 summer
program are pending.

    This press release was prepared by geologist Jean-Marc Lulin, Azimut's
Qualified Person as defined by NI 43-101. Fieldwork was conducted by IOS
Services Géoscientifiques Inc. of Saguenay, Quebec under the supervision of
Bertrand Taquet, NWT's Qualified Person. Rock samples were analyzed by aqua
regia digestion and ICP at the Saskatchewan Research Council (SRC) laboratory
in Saskatoon, which is an ISO-IEC 17025 accredited facility.

    Azimut is a mineral exploration company using cutting-edge targeting
methodologies with the objective of discovering major ore deposits.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    
    %SEDAR: 00003284EF




For further information:

For further information: Jean-Marc Lulin, President and Chief Executive
Officer; Normand Champigny, Executive Vice President, (450) 646-3015, Fax:
(450) 646-3045, info@azimut-exploration.com, www.azimut-exploration.com

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