Azimut Cuts Centerra’s Exploration Spending Requirement for Corvet, Kaanaayaa to $15.75 Million

• Azimut Exploration amended its Centerra option agreement for the Corvet and Kaanaayaa properties in Quebec, reducing required exploration spending.
• Aggregate exploration spending required for Centerra to earn up to 70% falls to $15.75 million from $16 million.
• Year 6 minimum exploration spending decreases to $1.25 million from $1.5 million.
• Second-option minimum spending drops to $9.75 million from $10 million; cash payments remain unchanged at up to $850,000.
• All other material terms remain unchanged; the transaction remains subject to TSX Venture Exchange acceptance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Azimut Exploration Inc. published the original content used to generate this news brief on October 19, 2026, and is solely responsible for the information contained therein.