Azimut Exploration Inc. — Proxy Solicitation & Information Statement 2025

Jan 20, 2025

AZIMUT EXPLORATION

AZIMUT EXPLORATION INC.

ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN THAT an annual general meeting of shareholders (the “Meeting”) of Azimut Exploration Inc. (the “Corporation”) will be held at the Hotel Warwick Le Crystal, Room De la Montagne, 1100 de la Montagne Street, Montreal, (Québec), on February 20, 2025 at 10:00 a.m. (Eastern time) for the following purposes:

1. To present the financial statements of the Corporation for the year ended August 31, 2024 and the independent auditors’ report;
2. To elect the directors;
3. To appoint the auditors and authorize the Board of directors to fix their remuneration; and
4. To transact such other business that may properly come before the Meeting.

LONGUEUIL, Québec, January 6, 2025

By order of the Board of Directors

(s) Jean-Marc Lulin
Jean-Marc Lulin
President and Chief Executive Officer

Since it is desirable that as many shares as possible be represented and voted at the Meeting, a shareholder who is unable to attend the Meeting in person is urged to complete and return the attached form of proxy or, as the case may be, the voting instruction form.

The Corporation uses the notice and access provisions (the “Notice and Access Provisions”) under Regulation 54-101 respecting Communication with Beneficial Owners of Securities of a Reporting Issuer and Regulation 51-102 respecting Continuous Disclosure Obligations, for distribution of proxy-related materials to registered and beneficial shareholders, including its annual financial statements for the financial year ended August 31, 2024, and related management discussion and analysis. The Notice and Access Provisions are a set of rules that allow reporting issuers to post electronic versions of proxy-related materials (including management information circulars) via the SEDAR+ system and one other website, rather than mailing paper copies of such materials to shareholders. Shareholders will still receive a notice of meeting and a form of proxy.

Shareholders with question about the Notice and Access Provisions can contact TSX Trust Company toll free at 1-888-433-6443 or by email at tsxt-fulfilment@tmx.com. Shareholders may choose to receive a paper copy of the Circular by contacting TSX Trust Company toll free at 1-888-433-6443 or by email at tsxt-fulfilment@tmx.com. Electronic copies of the notice of the annual general meeting, the Circular and proxy form may be found on the Corporation’s SEDAR+ profile at www.sedarplus.ca and on the Corporation’s website at https://azimut-exploration.com/investor-hub/agm/. The Corporation will not use the procedure known as “stratification” in relation to the use of Notice and Access Provisions. Stratification occurs when a reporting issuer using the Notice and Access Provisions provides a paper copy of the Circular to certain shareholders with the notice package. In relation to the Meeting, all shareholders will receive the required documentation under the Notice and Access Provisions, which will not include a paper copy of the Circular.