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I, Gary Baschuk, hereby certify that the views expressed in this report accurately reflect my personal views about the subject and the issuer.
Of the companies included in the report the following Important Disclosures apply:
|AZM-TSX.V||Azimut Exploration Inc.||x||x|
|1||The Analyst(s) preparing this report (or a member of the Analyst’s household) have a financial interest in this company.|
|2||PearTree has managed or co-managed or participated as selling group in a private placement for the issuer in the past 12 months.|
|3||As of the end of the month immediately preceding the date of issuance of this research report or the end of the second most recent month if the issue date is less than 10 calendar days after the end of the most recent month, PearTree collectively beneficially owned 1% or more of a class of the issuer’s equity securities.|
|4||PearTree has visited projects of the issuer and a portion of the expenses for this travel may have been reimbursed by the issuer.|
|5||PearTree, the analyst or an associate of the analyst responsible for this report or any individuals directly involved in the preparation of this report hold or are short the issuer’s securities directly or through derivatives.|
|The research analyst is not aware of any other material conflict at the time of publication.|