Fortbridge Media Release

Azimith Resources Ltd [ASX: AZH] - Update on Troy Takeover Offer

Azimuth Resources Limited (ASX: AZH) is pleased to provide an update on the takeover offer initiated by dual-listed company Troy Resources Limited (ASX & TSX: TRY)

Since the Troy offer was announced, feedback from Azimuth shareholders and the market has been overwhelmingly positive. Troy has now received acceptances from more than 1,660 shareholders holding 68.72% of the shares in Azimuth (this comprises direct acceptances and shares lodged into the Institutional Acceptance Facility, including the acceptances received into the IAF of Azimuth�s two largest shareholders representing 22.35% of the shares in Azimuth).

As the offer remains subject to a minimum acceptance condition of 90%, Troy can only start processing acceptances and issuing new Troy shares to Azimuth shareholders once the 90% acceptance threshold is satisfied.

Under the Corporations Act, the Troy offer cannot be extended during the last 7 days of the offer period whilst it remains subject to the 90% minimum acceptance condition. For that reason, Troy has made the decision to extend the offer for a further two weeks.

A Notice of Variation of the offer is in the attached announcement.

The Offer will now close at 7.00pm (Sydney time) / 5.00am (Toronto time) on Friday 12 July 2013.

Please see the attached announcement for more details.

For further information, please contact:

Russel Clark
Chief Executive Officer
Telephone: +61 8 9381 2488
Email:

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