Azimuth Resources Limited - Allotment of Securities and Updated Top 20 Holders

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

PERTH, Australia, Aug. 10, 2012 /CNW/ - Azimuth Resources Limited (ASX and TSX: AZH) (the "Company" or "Azimuth") is pleased to announce the Company has received the necessary approvals from the TSX, and has issued 17,142,857 shares at $0.35 per share, as referred to in the Appendix 3B announced on 3 August 2012. 

The allotment of the new shares brings the total issued capital to 418,661,161 ordinary fully paid shares.

Details of the 20 largest holders of ordinary shares following the aforementioned allotment are attached.

Yours faithfully,

 "Richard Monti"

Richard Monti
Executive Director

Cautionary Note Regarding Forward-looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements about the closing of the Offering and the use of proceeds of the Offering are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made, and readers are advised to consider such forward-looking statements in light of the risks set forth in the Company's continuous disclosure filings as found at the (Canadian) SEDAR website.

SOURCE: Azimuth Resources