Takeover Bid by Troy Resources Limited for Azimuth Resources Limited-Notice of Change of Interests of Substantial Holder and Institutional Acceptance Facility

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PERTH, WESTERN AUSTRALIA -- (Marketwired - June 23, 2013) - Troy Resources Limited (Troy) (TSX:TRY) (ASX:TRY) advises that the aggregate of:

a. the number of Azimuth ordinary shares the subject of acceptance instructions (in the form of acceptance forms and/or directions to custodians to accept the Troy offer) that have been received in the Institutional Acceptance Facility (IAF) as at 7.00pm (Sydney time) on 21 June 2013; and

b. the number of Azimuth shares in which Troy has a relevant interest,

are as follows:

	                  Number of Azimuth          % of Azimuth
                            ordinary shares       ordinary shares
Shares subject to IAF           133,330,613                30.96%
Relevant interest               171,083,065                39.73%
Total                           304,413,678                70.69%

Acceptances received into the IAF include those of Azimuth's two largest shareholders representing 22.35% of Azimuth's ordinary shares on issue.

Shares the subject of the IAF do not, at this stage, constitute formal acceptances of the takeover offer.

ABN 33 006 243 750



Contact

Troy Resources Limited
Paul Benson, Chief Executive Officer
+61 8 9481 1277
troy@troyres.com.au

Cannings Purple
Annette Ellis / Warrick Hazeldine
Media Relations
+61 8 6314 6300
aellis@canningspurple.com.au