Azimut and Abitex discover mineralization with more than 40% Cu and up to 0.67% U3O8 at South Bienville, Nunavik, Quebec



    Symbol: AZM.TSX Venture

    LONGUEUIL, QC, Jan. 28 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and its partner Abitex Resources Inc. ("Abitex") report encouraging results
from their summer 2008 exploration program at the South Bienville property in
Nunavik, Quebec. A prospecting program assessed target areas that were
previously defined using the positive results obtained from the 2007
exploration work, which included anomalous uranium values (up to 841 ppm U) in
lake-bottom sediments, helicopter-borne geophysics, and ground-based
prospecting (press release of October 30, 2007).
    In 2007 and 2008, a total of 138 rock grab samples were collected from
outcrops (51) and boulders (87). A showing of chalcocite (a copper-bearing
mineral), discovered in a granite outcrop, yielded an assay value greater than
40% Cu and 12 g/t Ag. Abundant hematite veinlets and lesser amounts of
disseminated pyrite and pyrrhotite were also observed, as well as
silicification. The showing is located in an area underlain by a major
structure that correlates with a multi-kilometre copper anomaly in lake-bottom
sediments, with values up to 316 ppm. This target is considered highly
attractive.
    Other outcrop samples returned assays up to 0.67% U3O8, and boulder
samples yielded assays up to 0.77% U3O8. Uranium-bearing rock samples are
spatially related to multi-kilometre helicopter-borne radiometric anomalies
and lake-bottom sediment anomalies. Uranium results are as follows:

    
    - 8 samples with values above 0.05% U3O8, including: 0.67% U3O8 and
      0.065% U3O8 from outcrops, and 0.77% U3O8, 0.097% U3O8 and 0.087%
      U3O8 from boulders;
    - 39 samples with values between 0.01% and 0.05% U3O8;
    - 91 samples with values less than 0.01% U3O8.
    

    The U/Th ratios for 8 samples above 0.05% U3O8 range from 1 to 50.
Scintillometer readings from mineralized outcrops with values above 0.05% U3O8
range from 4,200 to 15,000 cps. Mineralization is hosted mainly in pegmatite
and granite. Uranophane (a secondary uranium mineral) was observed at several
mineralized outcrops. Data interpretation is nearly complete and will be used
to define the 2009 follow-up program. Azimut has been the project operator for
the last two years. The property consists of 10 claim blocks totalling 1,929
claims and a surface area of 935 km2. Fieldwork was conducted by IOS Services
Géoscientifiques Inc. of Saguenay, Quebec. All rock samples were assayed at
the Saskatchewan Research Council laboratory in Saskatoon, an ISO-IEC 17025
accredited facility.
    Concerning the South Rae and West Minto properties, Azimut has been
informed by Majescor Resources Inc. that it is withdrawing from its options.
About $2.6 million has been spent by Majescor, resulting in the definition of
significant uranium exploration targets on the two projects. This press
release was prepared by geologist Jean-Marc Lulin acting as Azimut's Qualified
Person under NI 43-101. Azimut is a mineral exploration company using a
proprietary targeting methodology combined with considerable exploration
know-how to discover 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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