Mr. Jean-Marc Lulin of Azimut reports

AZIMUT COMPLETES GALINÉE PROPERTY TRANSACTION WITH LIFT POWER, JAMES BAY REGION, QUEBEC

Azimut Exploration Inc. has closed the acquisition by Li-FT Power Ltd. of its 50-per-cent interest in the Galinee property located in the Eeyou Istchee James Bay region of Quebec.

Under the acquisition agreement announced on Dec. 24, 2025 (see news release), Li-FT acquired Azimut's interest by issuing two million common shares. Azimut was also granted a 1.4-per-cent NSR (net smelter return) royalty on the property, providing some long-term exposure to future developments. In addition, Azimut is entitled to a $1.5-million deferred payment, payable in cash or, subject to certain terms and conditions set out in the agreement, in common shares of Li-FT, at the earlier of 18 months or the public disclosure of a technical report with respect to the property that includes an economic analysis of one or more development scenarios. Based on the closing price of Li-FT's common shares on the TSX Venture Exchange on Feb. 17, 2026, the total consideration for Azimut in connection with this transaction amounts to $13.4-million.

Azimut now holds equity interests with a combined value of approximately $15-million in various companies. In addition, Azimut has generated royalty interests on three lithium properties located adjacent to development-stage assets, specifically a 2-per-cent NSR on the JBN-57 claim block and a 1-per-cent NSR on the Pikwa property, both of which have been incorporated into PMET Resources' Shaakichiuwaanaan project, and a 1.4-per-cent NSR on the Galinee property, adjacent to Winsome Resources' Adina project.

These transactions support Azimut's strategy to focus on its flagship properties, Elmer and Wabamisk. The company has announced significant drill programs totalling at least 17,000 metres for early 2026, including a program on the Fortin zone (Wabamisk), which is nearing completion, the commencement of follow-up drilling on the Rosa zone (Wabamisk) and an early March program at Elmer.

About Li-FT Power Ltd.

Li-FT is a mineral exploration company engaged in the acquisition, exploration and development of lithium pegmatite projects in Canada. Li-FT's flagship project is the Yellowknife lithium project located in the Northwest Territories, Canada. Li-FT also holds three early stage exploration properties in Quebec, Canada, with excellent potential for the discovery of buried lithium pegmatites, as well as the Cali project in the Northwest Territories within the Little Nahanni pegmatite group.

About Azimut Exploration Inc.

Azimut is a leading mineral company with a solid reputation for target generation and partnership development. The company holds the largest portfolio of mineral projects in Quebec, controlling strategic land positions for gold, copper, nickel and lithium. A

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