Symbol: AZM.TSX Venture
LONGUEUIL, QC, Feb. 12 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
considers that NWT Uranium Corporation ("NWT") has cured its default in
respect of the North Rae and Daniel Lake properties located in the Ungava Bay
region in Quebec.
On December 17, 2007, Azimut delivered to NWT a Notice of Default
cataloguing a large number of specific obligations that were not, in Azimut's
opinion, complied with by NWT pursuant to the terms of the North Rae and
Daniel Lake property option agreements.
Following the examination by Azimut of the extensive documentation and
data submitted by NWT on January 30, 2008 with its Curative Notice, Azimut
considers that NWT has now satisfied its obligations.
Azimut is a mineral exploration company using cutting-edge targeting
methodologies to discover major ore deposits. Azimut is a leading explorer in
Quebec with 50 exploration properties totaling 27,000 claims for uranium, gold
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Jean-Marc Lulin, President and CEO; Normand
Champigny, Executive Vice President, (450) 646-3015, Fax: (450) 646-3045,