Azimut increases non-brokered private placement

LONGUEUIL, QC, March 2 /CNW/ --
Symbol: AZM-TSX Venture Exchange

LONGUEUIL, QC, March 2 /CNW Telbec/ - Azimut Exploration Inc. ('Azimut') (TSXV: AZM) reports that the non-brokered private placement announced on March 1(st), 2011 has been increased by $600,000 in Units. The placement will now
consist of Units aggregating $4,800,000 and Flow-Through Common Shares
aggregating $1,000,000, for a total of $5,800,000. The placement will
be made with a group of accredited investors and two (2) institutional
funds. All other terms pertinent to the financing which have been
disclosed in the March 1(st), 2011 press release remain the same.

This private placement is conditional to prior approval by the TSX
Venture Exchange. All securities issued in connection with this private
placement will be subject to a four (4) month hold period.

Azimut is a mineral exploration company using cutting-edge targeting
methodologies with the objective of discovering major ore deposits. The
Company holds the largest mineral exploration portfolio in Quebec,
including key gold, copper and uranium properties.

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.

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Jean-Marc Lulin, President and Chief Executive Officer
Tel.: (450) 646-3015 - Fax: (450) 646-3045
info@azimut-exploration.com    www.azimut-exploration.com