Azimut's update on 7 gold exploration properties in Quebec



    Symbol: AZM.TSX Venture

    MONTREAL, June 14 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
provides an update for its seven gold exploration properties in Quebec's James
Bay region and outlines the Company's key activities for its ongoing 2007
field programs.
    Azimut's James Bay gold properties comprise 2,789 claims and cover
1,462 km2 (see appended map
http://www.azimut-exploration.com/images/en/GoldProp_JamesBay.pdf). This 2007
field programs will focus on five properties with an aggregate estimated
budget of $5.2 million (see appended table). The properties are subject to a
minimum of $15 million in partner-funded exploration expenditures in
accordance with five previously announced option agreements. Azimut's partners
act as operator of all such programs.
    Azimut's gold potential modeling of the James Bay region led to the
acquisition of strategic land positions, particularly in the Opinaca sector.
    At the Opinaca A and B properties, optioned to Everton Resources Inc.,
the 2007 program will focus on accelerating exploration work around existing
targets (Claude and Smiley) and evaluating other targets in new areas. A
2,000-metre summer drilling program is planned for the Smiley Target at
Opinaca A. Other drill targets have been identified at Opinaca B and will be
tested during the next program. The planned exploration expenditures total
$2.6 million.
    At the Eleonore South property, where a three-way agreement exists
between Azimut, Eastmain Resources Inc. and Goldcorp Inc., Eastmain will
perform prospecting, geological mapping, ground geophysics, trenching and
drilling. Eastmain's planned exploration expenditures for 2007 total
$1.5 million. At the Opinaca D property, also optioned to Eastmain, a minimum
budget of $100,000 is allocated for follow-up work on several identified
targets.
    At the Wabamisk property, optioned to Goldcorp, the results of the 2006
soil geochemistry survey, consisting of 2,644 samples collected over an area
of 2.5 by 11.5 km, indicate several strong, multi-kilometre arsenic-antimony
anomalies. The follow-up program will consist of prospecting, geological
mapping, ground geophysics, and possibly trenching and drilling. The planned
exploration expenditures for 2007 total $1.0 million.
    As for the Eastmain West and Comptoir properties, IAMGOLD has informed
Azimut that they will terminate the option agreements on both properties
following their decision to cease Quebec regional exploration activities.
Azimut wishes to acknowledge the excellent partnership it developed during the
two last years with Cambior and its successor, IAMGOLD.
    At Eastmain West, the 2006 exploration program resulted in the discovery
of significant chromium-platinum-palladium mineralization associated with an
ultramafic sill. This sill appears to be at least 4 km in length and 500 m in
thickness. The best results from surface grab samples are 18.5% Cr, 0.44 g/t
Pd and 0.1 g/t Pt (sample F-266111). The best nickel results are two samples
with 0.24% Ni (F-266103 and F-266104). The Cr-Pt-Pd-Ni potential of the
property is still largely under-explored and now constitutes a priority target
in addition to the initial focus on gold.
    At Comptoir, the work performed in 2006 included prospecting, till
sampling, and a lake-bottom geochemistry survey. Till assay values of up to
10 g/t Au combined with arsenic anomalies in lake-bottom sediments delineate
several significant gold target zones. The targets are spatially related to
regional-scale structures.
    Azimut is currently reviewing its plans for the Eastmain West and
Comptoir properties.

    This press release was prepared by geologist Jean-Marc Lulin, the
company's Qualified Person as defined by NI 43-101. Azimut is a mineral
exploration company using cutting-edge targeting methodologies with the
objective of discovering major ore deposits. The company continues to actively
develop new projects and business opportunities. Azimut has 16.7 million
shares outstanding, no debt and holds $3 million in cash and marketable
securities.

    
              Summary of Planned 2007 Expenditures and Programs
                         for Azimut's gold properties


    Property   Partner    Expenditures    2007 Expenditures   2007 Programs
    --------   -------    ------------    -----------------   -------------

    Opinaca A  Everton    $2.8 million    $1.3 million        Prospecting,
                          (to earn 50%)                       geophysics,
                                                              geochemical
                                                              and rock
                                                              sampling,
                                                              trenching,
                                                              drilling

    Opinaca B  Everton    $2.0 million    $1.3 million        Prospecting,
                          (to earn 50%)                       geophysics,
                                                              geochemical
                                                              and rock
                                                              sampling,
                                                              trenching,
                                                              drilling

    Eleonore   Goldcorp/  $4.25 million   $1.5 million        Prospecting,
    South      Eastmain   (to earn 33.3%)                     geological
                                                              mapping,
                                                              geophysics,
                                                              trenching,
                                                              channel
                                                              sampling,
                                                              drilling

    Opinaca D  Eastmain   $1.9 million    $0.1 million        Prospecting,
                          (to earn 50%)                       geological
                                                              mapping,
                                                              drill target
                                                              identification

    Wabamisk   Goldcorp   $4.0 million    $1.0 million        Prospecting,
                          (to earn 51%)                       geological
                                                              mapping,
                                                              geophysics,
                                                              possibly
                                                              trenching and
                                                              drilling
    Total                 $15.0 million   $5.2 million
    -----                 -------------   ------------


           The TSX Venture Exchange (TSX Venture) 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 CEO; Normand
Champigny, Executive Vice President, (450) 646-3015, Fax: (450) 646-3045,
info@azimut-exploration.com, www.azimut-exploration.com

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