Our highly encouraged neighbor =courageExploration results to date in the Ungava Bay region demonstrate the existence of a regional-scale
uranium mineralized system over a 220 by 80 km area. Azimut holds 5 large properties totaling 7,519
claims over a surface area of 3,545 km2, and controls most of the significant Ungava uranium targets.
Seven (7) mineralized zones with grades up to 3.3% U3O8 have been outlined over a cumulative length
of 10 km on the North Rae property optioned to NWT Uranium. In addition, a 30-km long prospective
trend yielded grades up to 0.57% U3O8 on the South Rae property optioned to Majescor Resources.
AREVA Québec Inc., a wholly-owned subsidiary of the world’s third largest uranium producer, recently
announced that it is highly encouraged by exploration results from its Cage property located near
Azimut’s Ungava properties.