Azimut controls a 330-kilometre Copper-Gold trend in Nunavik, Quebec

LONGUEUIL, QC, March 31 /CNW/ --
Symbol: AZM.TSX Venture

LONGUEUIL, QC, March 31 /CNW Telbec/ - Azimut Exploration Inc. ('Azimut' or 'the Company') (TSXV: AZM) announces it has now completed the acquisition of what it considers to
be an outstanding exploration domain for large-scale polymetallic
deposits, including copper, gold, tungsten and rare earths, in Nunavik,
northern Quebec.

Located about 140 kilometres east of the villages of Puvirnituq and
Inukjuak, the domain is now covered by three (3) extensive, 100% owned
properties: Rex, Rex South and NCG, totalling 13,132 claims for a surface area of 5,707 km(2). The very encouraging 2010 exploration results prompted Azimut to
expand its land position to cover all remaining quality targets along a
330-km trend defined mainly by a strong copper anomaly in lake-bottom
sediments. A minimum of $6.6 million will be invested in 2011 to accelerate exploration, including $4.1 million by Azimut's key partner Aurizon Mines Ltd. ('Aurizon') at Rex South, and $2.5 million by Azimut directly on the Rex and NCG properties. An initial
10,000-metre drilling program will be performed this summer.

In this context, the Company welcomes the Plan Nord development project recently announced in the Quebec Government budget.
The project will help strengthen the economic growth of Nunavik, as
well as the social benefits to be received by local communities, in
accordance with sustainable development principles.

From north to south, the three (3) properties covering the copper trend
are:

    --  The Rex Property, consisting of 5,672 claims in 7 claim blocks
        comprising a surface area of 2,416 km(2);

    --  The Rex South Property, under option to Aurizon, consisting of
        2,044 claims in 1 block comprising a surface area of 890 km(2);
        Aurizon can earn a 50% interest by investing $5 million in
        exploration work over 5 years and an additional 15% interest
        with a bankable feasibility study (see press release of May 26,
        2010);

    --  The Nunavik Copper-Gold Property (the 'NCG'), consisting of
        5,416 claims in 22 claim blocks comprising a surface area of
        2,401 km(2).

To date, three (3) main mineralized zones, largely outcropping, have
been discovered on the Rex and Rex South properties:

    --  At Rex, the copper-rich IOCG-type RBL Zone and CM Zone are both
        multi-kilometre mineralized zones with widths ranging from 50
        to 200 metres (see press releases of October 13, October 20 and
        December 20, 2010);

    --  At Rex South, the porphyry-type Augossan Zone
        (gold-silver-copper-tungsten) is a 6-km long by 50- to
        300-metre wide mineralized zone, open in all directions (see
        press releases of November 8, 2010 and February 15, 2011).

At Rex and Rex South, significant additional targets have been
identified and will be subject to comprehensive work in 2011 (see press
releases of February 22 and 23, 2011). A 3,000-metre drilling program
is planned at Rex and a 7,000-metre program at Rex South. On the NCG
property, several very attractive targets with comparable footprints to
the Rex and Rex South mineralized zones will be subject to intensive
field reconnaissance.

The trend covered by the three properties is marked by an outstanding
copper anomaly identified in lake-bottom sediments, about 330 km long
by 20 to 30 km wide, with values consistently above 100 ppm Cu and up
to 370 ppm Cu. Background copper values in northern Quebec average 30
ppm Cu based on the Quebec Government's sampling of 37,214 lakes over a
surface area of 418,100 km(2). Other strong geochemical anomalies are present in several areas along
the copper trend, most notably for rare earth elements, cobalt,
molybdenum, arsenic and antimony. Prior exploration of this trend was
very limited and patchy. Azimut recognized the region's potential using
the results of its systematic mineral potential assessments performed
at the scale of Quebec. The modelling work analyzed multi-element
lake-bottom sediment geochemistry data, magnetic and gravity data,
remote sensing data, geological mapping, and historical exploration
work.

This press release was prepared by Jean-Marc Lulin, P.Geo., acting as
Azimut's Qualified Person under NI 43-101.

Azimut is a mineral exploration company with the objective of
discovering major ore deposits. The Company's core business is project
generation using cutting-edge targeting methodologies, and partnership
development. Azimut holds the largest mineral exploration portfolio in
Quebec, including key gold, copper, uranium and rare earth element
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 CEO
Tel.: (450) 646-3015 - Fax: (450) 646-3045
info@azimut-exploration.com      www.azimut-exploration.com