PERTH, Australia, May 17, 2013 /CNW/ – Azimuth Resources Limited (ABN 87
089 531 082) (Azimuth) (ASX, TSX: AZH) has released, under section 644 of the Corporations Act 2001 (Cth), a Supplementary Target’s Statement, dated 17 May 2013 which is
supplementary to Azimuth’s Target’s Statement dated 9 May 2013 in
relation to the off-market takeover bid by Troy Resources Limited (ABN
33 006 243 750) (ASX, TSX: TRY) (Troy) for all the ordinary shares in Azimuth (Offer).

This supplementary target’s statement dated 17 May 2013 has been given
to each of the Australian Securities & Investments Commission and Troy
today and will be filed on the Canadian System for Electronic Document
Analysis and Retrieval (“SEDAR”) today.

The supplementary target’s statement corrects a single typographical
error in the stated value of the Offer consideration per Azimuth share
which is inconsistent with the remainder of the statement, and corrects
an overstatement in the number of Azimuth shares held by non-executive
director Mr Dean Felton.

Yours faithfully,

(signed)

Joshua Ward
Company Secretary

SOURCE Azimuth Resources