/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
PERTH, Australia, Nov. 29, 2012 /CNW/ - Azimuth Resources Limited (ASX
and TSX: AZH) (the "Company" or "Azimuth") advises it has received a notice of resignation from Chief Operating
Officer, Paul Criddle.
Paul intends to spend the coming weeks ensuring there is a smooth
transition of information to other employees and contractors, with his
last day being January 15, 2013.
The Company's activities in Guyana will continue to be managed by
Exploration Manager, Aaron McLeod and Commercial Manager, Ian Christie.
It is understood Paul intends to commence a new role in 2013, and the
Company wishes him all the best for his future endeavours.
Executive Director Richard Monti commented:
"During Paul's tenure we were delighted to release our maiden resource,
and gain a much greater understanding of the technical aspects of the
West Omai project.
We remain actively engaged in identifying and engaging a top quality CEO
and management team which we anticipate having in place before the end
of Q1, 2013.
Our success this year at West Omai has ensured that Azimuth has been
able to attract a number of quality candidates for the CEO role."
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information, including
statements concerning the Company's intent to engage additional
personnel 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", "likely", "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 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 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
SOURCE: Azimuth Resources