Azimuth Lists on the Toronto Stock Exchange

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PERTH, Australia, May 9, 2012 /CNW/ - Azimuth Resources Limited (ASX andTSX: AZH) (the "Company" or "Azimuth") is pleased to announce that the Toronto Stock Exchange (the "TSX") has approved the Company's ordinary shares for listing on the TSX and that the shares are expected to commence trading on the TSX on Thursday 10 May 2012. 

The Board and management of Azimuth are pleased to have its shares listed for trading on the TSX, the world's pre-eminent stock exchange for mining enterprises, potentially attracting wider analyst coverage in the North American market, and providing access to a substantial capital base on which the Company anticipates being able to raise additional funds.

(signed)
Richard Monti
Executive Director

This news release contains forward-looking information, including statements concerning analyst coverage, the ability to raise funds and other matters.  Any statements that express or involve predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are forward-looking statements.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to materially differ from those reflected in the forward-looking statements, including, without limitation: inherent uncertainties and risks associated with mineral exploration; uncertainties related to the availability of future financing; uncertainties related to the outcome of studies; uncertainties relating to fluctuations in gold or uranium prices; the risk that Azimuth's title to its properties could be challenged; uncertainties related to general economic and financial conditions; and uncertainties related to fluctuations in Azimuth's share price.  This list is not exhaustive of the factors that may affect any of Azimuth's forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of Azimuth or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company's Annual Information Form under the heading "Description of the Business - Risk Factors" and elsewhere.

Azimuth's forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date hereof and which Azimuth believes are reasonable in the circumstances, but no assurance can be given that these expectations will prove to be correct. These assumptions include, but are not limited to, that the effect of the Company's listing on the TSX will be in accordance with the Company's expectations, public statements and stated goals, that there will be no material adverse change affecting the Company or its properties and such other assumptions as set out herein. Azimuth disclaims any intention or obligation to update or revise forward-looking statements if circumstances or management's beliefs, expectations or opinions should change, except as required by law. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.

Contact
Dominic O'Sullivan
President
E [email protected]

Richard Monti
Executive Director
E [email protected]

Joshua Ward
Company Secretary
E [email protected]