Azimut Exploration Inc V.AZM

Azimut Exploration Appoints Executive Vice Pr

[EddyTheBrain]

Azimut Exploration Appoints Executive Vice President Wednesday March 1, 12:00 pm ET MONTREAL, QUEBEC--(CCNMatthews - March 1, 2006) - Azimut Exploration Inc. ("Azimut") (TSX VENTURE:AZM - News) is pleased to announce that Mr. Normand Champigny has been appointed Executive Vice President of the company. ADVERTISEMENT Normand Champigny is a senior mining professional with more than 25 years of international practice mostly with world-leading consultancy organizations. From 2002 to present, he was Associate Partner with IBM Business Consulting Services as Americas mining industry leader. At this position, he is responsible for the identification of client service opportunities, business relationship management and delivery services with mining sector clients. Previous assignments include: Principal Consultant for the mining industry Group with PricewaterhouseCoopers Consulting (2000-2002), Director of the Latin American Centre of Excellence in Mining with Coopers & Lybrand and Arthur Andersen (1994-2000), Manager Mining Practice with Coopers & Lybrand (1988-1994), Research Engineer at the Centre of Geostatistics of the Paris School of Mines (1986-1988) and Senior Engineer with International Geosystems Corporation (1981-1986). Mr. Champigny graduated as a Geological Engineer from Ecole Polytechnique in Montreal (1979). He obtained an M.Sc.A. in Geological Engineering from University of British Columbia (1981) and a Specialized Diploma in Geostatistics from Paris School of Mines (1987). He is Director of the Prospectors & Developers Association of Canada, Member of the Ordre des Ingenieurs du Quebec, of the Professional Engineers of Ontario and of the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Champigny will start on April 10 2006 and will become Officer of the company. This appointment represents a key step to strengthen Azimut's growth as a leading mineral exploration company with a unique business model. Azimut reduces the exploration risk by using cutting-edge targeting methods and actively developing partnerships at an early stage. Azimut also reports that stock options to purchase common shares of the company have been granted to a Director (50,000 shares) and an Officer (300,000 shares). Subject to regulatory approval, these options have respectively an exercise price of $1.50 per share and $ 1.55 per share and are exercisable during a 5-year period. The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this release. Contact: Jean-Marc Lulin Azimut Exploration Inc. President and Chief Executive Officer [phone] [phone] (FAX) [e-mail] www.azimut-exploration.com