Azimut reports significant progress on the North Rae and Daniel Lake properties, Nunavik, Quebec

    Symbol: AZM.TSX Venture

    LONGUEUIL, QC, Feb. 19 /CNW Telbec/ - Azimut Exploration Inc. ("Azimut")
report significant progress following the 2008 field program on the North Rae
and Daniel Lake properties in Nunavik, Quebec. Results further confirm the
large-scale uranium mineralized system discovered in 2006 on these two
properties covering a 50 x 60 km area. To date, 12 mineralized zones have been
outlined at surface with a cumulative length of 17 km and grades up to 3.3%
U3O8. These zones show an excellent spatial correlation with uranium anomalies
identified during airborne surveys covering the two properties. Azimut
believes that the overall uranium potential of the region is well represented
by the airborne uranium footprint <a href="">(see appended map)</a>. Many such targets have
yet to be field-tested. Results obtained concurrently by AREVA on their Cage
project independently validate the uranium potential of this 80 x 200 km

    Work performed in 2008 comprised:

    - Surface rock sampling and prospecting: 1,046 grab samples (443 at North
      Rae; 603 at Daniel Lake)
    - Mapping of mineralized zones (Jonas, Aqpiq, Cirrus and Puqila zones)
    - Helicopter-borne spectrometric and magnetic surveying: 1,355 line-km at
      North Rae
    - Preliminary diamond drilling: 2 holes (37 m) at Daniel Lake

    The most important result of the 2008 field program is an improved
understanding of the regional-scale geological features controlling the
distribution of the mineralized zones, which highlights the very significant
uranium potential of the region. In addition to the 12 mineralized zones
already identified, additional unexplored targets in the three geological
settings defined below indicate a considerable exploration upside:

    (a) The geological contact between the Archean basement and Proterozoic
        metasedimentary rocks. This type of setting is considered highly
        prospective for uranium on a worldwide basis. Five of Azimut's
        mineralized zones are in the vicinity of or at the Archean-
        Proterozoic contact: Jonas, Amitujaq, Ilaluga, Cirrus and Puqila.
        Four Azimut properties (North Rae, Daniel Lake, Kangiq and Tasirlaq)
        cover this favourable geological contact along a 70-km continuous
        strike length which is still largely under-explored.

    (b) Regional-scale late northwest-trending faults hosted in Archean
        basement. Five of Azimut's mineralized zones may be related to these
        faults: Aqpiq, Tasialuk, Tasik, Torrent and R4.

    (c) Favourable lithologies within the Proterozoic metasedimentary package
        of the Lake Harbour Group. Reduced facies and carbonates represent
        high priority targets that have been subject to very limited
        exploration to date.

    A total of 2,096 grab rock samples have been collected to date on the two
properties, including 1,046 samples collected in 2008. The samples yielded an
average uranium value of 430 ppm U3O8 (or 0.043%) for all samples, including
1,228 unmineralized or weakly mineralized samples, 840 ppm U3O8 (or 0.084 %)
for the 868 samples grading at least 100 ppm U3O8, and 1,264 ppm U3O8 (or 0.13
%) for the 567 samples grading at least 200 ppm U3O8. Corresponding U/Th
ratios are 1.5, 2.6, and 3.2 respectively. In general, higher uranium values
are associated with an enrichment of uranium relative to thorium.
    The main features for each mineralized zone are summarized in Tables 1 and
2 below. These tables integrate the 2008 results for in-fill surface sampling
of new and previously discovered mineralized zones. The reported average
uranium values and U/Th ratios, determined through surface grab rock sampling
only, are preliminary and of an indicative nature only. They are presented on
a zone by zone basis as follows: (a) all samples, mineralized or not; (b)
samples with a minimum grade of 100 ppm U3O8; and (c) samples with a minimum
grade of 200 ppm U3O8. The locations of the various zones are shown on the
appended map and sampling results for the main mineralized zones are posted on
Azimut's web site.
    At least three kilometre-scale mineralized zones (Aqpiq, Jonas and
Puqila), suggest reasonable geologic and grade continuity based on surface
observations and detailed sampling. These zones are ready for drill testing.
The 2008 drilling program (12 holes totalling 320 m) had to be stopped due to
repeated mechanical breakdowns of the rig. At Puqila, two incomplete holes
delivered the following results: 270 ppm U3O8 over 5.2 m from 0.65 m to 5.85 m
(total of 13.9 m drilled in hole DDH-08-01) and 70 ppm U3O8 over 9.2 m
starting from surface (23.7 m drilled in hole DDH-08-02).

    Data interpretation for both properties is nearly complete and will be
used to define the 2009 field program. 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. The helicopter-borne geophysical survey was performed by
Géophysique GPR International Inc., based in Longueuil, Quebec.

    Azimut acted as operator and funded the 2008 exploration program. Azimut
has granted NWT Uranium Corp. the option to earn a 50% interest on both
properties and an additional 15% interest upon the delivery of a bankable
feasibility study. The North Rae and Daniel Lake properties consist of a total
of 2,825 claims covering 1,267 km2. Azimut holds a total of 6 properties for
uranium in the Ungava Bay region, comprising 8,395 claims covering 3,811 km2.

    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.

                                   TABLE 1

                             NORTH RAE PROPERTY

                               Number of       Average value
    Mineralized Zones            samples            U3O8 ppm           U/Th

    All samples                      266                 609            2.9
    100 ppm and higher               149                 908            3.6
    200 ppm and higher               112               1,151            4.3

    All samples                      206                 515            1.3
    100 ppm and higher                41               2,049            3.2
    200 ppm and higher                31               2,655            3.8

    All samples                       89                 375            1.1
    100 ppm and higher                44                 586            1.6
    200 ppm and higher                27                 839            2.0

    All samples                       87                 764            2.3
    100 ppm and higher                59               1,016            2.8
    200 ppm and higher                43               1,330            3.4

    All samples                      155                 272            1.3
    100 ppm and higher                74                 514            2.0
    200 ppm and higher                41                 793            2.5

    All samples                      225                 299            0.5
    100 ppm and higher                60                 689            1.0
    200 ppm and higher                35               1,069            1.2

    All samples                      178                 112            0.4
    100 ppm and higher                44                 304            0.8
    200 ppm and higher                22                 448            0.9

    All samples                      271                 218            1.6
    100 ppm and higher                74                 632            3.7
    200 ppm and higher                45                 935            4.8

    All samples                    1,477                 430            1.5
    100 ppm and higher               545                 816            2.6
    200 ppm and higher               356               1,130            3.3

                 Surface geometry
                 (length; width; dip)          Geology

    Aqpiq        1,100 m; up to 350 m;         Biotite-rich pegmatitic
                 subhorizontal                 stacked dyke swarm

    Jonas        700 m; up to 20 m; steep      Silicified pegmatitic dykes

    Ilaluga      1,100 m; to be determined     Pegmatitic dykes with

    Amitujaq     3,500 m; to be determined     Pegmatite dykes

    Cirrus       2,050 m; up to 50 m;          Pegmatitic dyke swarm
                 25 degrees to 40 degrees

    Tasik,       2,300 m; up to 150 m wide     Pegmatitic dykes
     Torrent     corridor; steep

    Tasialuk     800 m; up to 300 m wide       Pegmatitic dyke swarm
                 envelope; steep

                                   TABLE 2

                             DANIEL LAKE PROPERTY

                               Number of       Average value
    Mineralized Zones            samples            U3O8 ppm           U/Th

    All samples                      333                 534            1.9
    100 ppm and higher               176                 963            2.7
    200 ppm and higher               114               1,397            3.3

    All samples                      121                 788            1.8
    100 ppm and higher                75               1,242            2.5
    200 ppm and higher                52               1,712            3.1

    All samples                       38                 298            0.7
    100 ppm and higher                16                 630            1.3
    200 ppm and higher                11                 830            1.4

    All samples                       33                 409            2.4
    100 ppm and higher                20                 645            3.2
    200 ppm and higher                14                 852            3.3

    All samples                       94                 425            0.9
    100 ppm and higher                36               1,039            1.6
    200 ppm and higher                20               1,725            2.4

    All samples                      619                 490            1.7
    100 ppm and higher               323               1,000            2.5
    200 ppm and higher               211               1,320            3.1

                 Surface geometry
                 (length; width; dip)          Geology

    Puqila       4,200 m; up to 300 m          Biotite-rich pegmatitic dyke
                 wide corridor;                swarm

    R4           350 m; up to 10 m;            Pegmatitic dykes

    R6           330 m by 175 m prospective    Pegmatitic dykes with
                 area                          magnetite

    R7           200 m; up to 50 m;            Pegmatitic dykes

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Jean-Marc Lulin, President and Chief Executive
Officer, (450) 646-3015, Fax: (450) 646-3045,;

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