PERTH, Australia, June 7, 2013 /CNW/ –

Dear Azimuth Shareholder,

We are pleased to advise you that as at the close of business on 6 June
2013, acceptances of Troy Resources Limited’s takeover offer for
Azimuth Resources Limited stood at 37.99%, comprising direct
acceptances and shares lodged into the Institutional Acceptance
Facility. This includes those shares held by Azimuth’s largest
shareholder, Macquarie Metals and Energy Capital, which have been
lodged into the Institutional Acceptance Facility.

Whilst it is pleasing to have received the support we have to date, the
Offer remains subject to a minimum acceptance condition of 90% and, for
this reason, Troy has today extended the Offer for a further two weeks.
A Notice of Variation of the Offer has been lodged on SEDAR and is
available to view at www.sedar.com.

The Offer will now close at 7.00pm (Sydney time) / 5.00am (Toronto time)
on Friday 28 June 2013.

The Azimuth board of directors and CEO unanimously recommend that
Azimuth shareholders accept the Offer, in the absence of a superior
proposal. Each of the Azimuth directors has accepted the Offer in respect of the
Azimuth shares they hold or control.

Azimuth shareholders should be aware that the sooner the Offer is freed
from its conditions, the sooner they will receive the Offer
consideration. If you have not already done so we urge you to accept
the Offer without delay.

SOURCE Azimuth Resources