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 16, 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 14 June 2013; and

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

are as follows:

	              Number of Azimuth ordinary shares   % of Azimuth ordinary shares
Shares subject to IAF                93,489,353                    21.71%
Relevant interest                   141,651,605                    32.89%
Total                               235,140,958                    54.60%

Acceptances received into the IAF include those of Macquarie Metals & Energy Capital (Azimuth's largest shareholder) representing 16.65% 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
www.troyres.com.au

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