Azure Resources Corporation: Private Placement & Consolidation

Azure Resources Corporation (TSX VENTURE:AZU) (the "Company") announces that the
Board of Directors has approved a resolution consolidating the Company's share
capital on the basis of up to ten (10) old shares of the Company for one (1) new
share. As of the date hereof the Company has 128,619,475 shares issued and
outstanding.


Following the consolidation, it is expected that the Company will have
approximately 12,861,948 common shares issued and outstanding. The number of
common shares reserved for issuance under the Company's Stock Option Plan will
be reduced proportionately. No fractional shares will be issued, but instead
will be rounded to the nearest whole common share.


The Company believes that the consolidation is necessary so that the Company
will be better positioned to access the equity markets for purposes of advancing
the Company's development plans. The Company does not intend to change the
corporate name of the Company or its trading symbol.


In conjunction with the share consolidation, the Company also reports that it
has arranged a post-consolidation, best efforts, non-brokered private placement
of up to 10 million Units at $0.15 per Unit for gross proceeds of up to
$1,500,000. Each Unit will consist of one post-consolidated common share of the
Company and one share purchase warrant (a "Warrant") with each whole Warrant
entitling the holder to acquire an additional common share of the Company at
$0.25 per share for a period of 6 months after issuance.


The private placement will consist of multiple closes. The first close will take
place upon reaching $500,000 of private placements; the second upon reaching the
next $500,000 of private placements; and the third upon reaching the final
$500,000 of private placements.


Finders' fees may be payable in cash or common shares of the Company in
accordance with Exchange policies.


Net proceeds of the private placement will be applied towards working capital
and general corporate purposes.


The proposed share consolidation and the private placement are subject to TSX
Venture Exchange acceptance.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility or the adequacy or accuracy of this release. Certain information
provided in this news release contains forward-looking statements that by their
nature are subject to numerous risks and uncertainties and readers are cautioned
that actual results may vary considerably from those forecasted.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Azure Resources Corporation
Dr. Waseem Rahman
President
[phone]
[phone] (FAX)