Azimut and Abitex discover uranium mineralization grading up to 0.65% U3O8 at Central Minto, Nunavik, Quebec



    Symbol: AZM.TSX Venture

    LONGUEUIL, QC, Jan. 22 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
and its partner Abitex Resources Inc. ("Abitex") report encouraging results
from their 2008 exploration program at the Central Minto property in Nunavik,
Quebec. Last summer's one-week initial prospecting work involved the
preliminary assessment of two strong targets with a cumulative length of 30
km, which were recognized during the 2007 program (press release of April 3,
2008).
    A total of 15 samples were collected: 8 from outcrops and 7 from
boulders. Outcrop samples returned assays up to 0.65% U3O8 and boulder samples
yielded assays up to 0.17% U3O8. A significant portion of the target areas
remain unprospected.
    Uranium results for the 15 grab rock samples are as follows:

    
    - 4 samples with values above 0.05% U3O8, including: 0.65% U3O8,
      0.17% U3O8, 0.11% U3O8 and 0.059% U3O8;
    - 6 samples with values between 0.01% and 0.05% U3O8;
    - 5 samples with values less than 0.01% U3O8.
    

    The U/Th ratios for the 4 samples with more than 0.05% U3O8 range from 9
to 154. Scintillometer readings from mineralized outcrops with values above
0.05% U3O8 range from 5,000 to 16,300 cps. Mineralization is hosted mainly in
pegmatite and granite. In the northwestern part of the property,
mineralization appears to be associated with major northeast-trending
lineaments, whereas mineralization in the southwestern part of the property
occurs along an important northwest-trending structure. The showing with the
value of 0.65% U3O8 (U/Th ratio of 154) contains abundant hematite and appears
related to a structure. This prospect is considered to be a very attractive
target. Data interpretation is nearly complete and a follow-up program will be
defined.
    The property consists of two claim blocks totalling 1,146 claims and a
surface area of 535 km2. Abitex has the option to earn a 50% interest on the
Central Minto property and an additional 15% interest upon the delivery of a
bankable feasibility study. Azimut has been the project operator for the last
two years.
    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. 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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