Gold Strategy Inc. — Director's Dealing 1997

Jul 10, 1997

FORM 27

MATERIAL CHANGE REPORT UNDER

SECTION 85(1) OF THE SECURITIES ACT (BRITISH COLUMBIA)

ITEM 1. REPORTING ISSUER

Brenna Resources Ltd. (the "Company")
Suite 711 - 475 Howe Street
Vancouver, B.C. V6C 2B3
Tel: (604) 685-4170

ITEM 2. DATE OF MATERIAL CHANGE

July 4, 1997

ITEM 3. PRESS RELEASE

Press release issued July 4, 1997 (copy enclosed).

ITEM 4. SUMMARY OF MATERIAL CHANGE

The Company has granted an incentive stock option to purchase a total of 300,000 common shares. The option is exercisable on or before July 4, 1999 at the price of $0.52 per share.

ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE

On July 4, 1997, the Company granted an incentive stock option to purchase a total of 300,000 common shares. The option is exercisable on or before July 4, 1999 at the price of $0.52 per share, which exercise price is not less than the average closing price of the Company's shares for the days that the Company's shares traded through the facilities of the Vancouver Stock Exchange within the 10 trading days immediately preceding the date of grant and public announcement of the options.

The option is non-assignable and non-transferable. The option is subject to regulatory acceptance. Shareholder approval of any insiders' options is required prior to the exercise of such options, if such approval has not already been obtained.

ITEM 6. RELIANCE ON SECTION 85(2) OF THE ACT

This report is not being filed on a confidential basis.

ITEM 7. OMITTED INFORMATION

There are no significant facts required to be disclosed herein which have been omitted.

ITEM 8. DIRECTOR/SENIOR OFFICER

Contact: Bruce G. Purcell
Telephone: (510) 732-9890

ITEM 9. STATEMENT OF SENIOR OFFICER/DIRECTOR

The foregoing accurately discloses the material change referred to herein.

“Hans Schwabl”
Hans Schwabl
Director

DATED at Vancouver, British Columbia this 10th day of July, 1997.

BRENNA RESOURCES LTD.
337 - 885 Dunsmuir Street
Vancouver, B.C. V6C 1N8

PRESS RELEASE

July 4, 1997

Daniel Rhoades, the secretary of the Company, has been granted an incentive stock option to purchase up to a total of 300,000 Common shares in the capital stock of the Company at a price of $0.52 per share. The options are exercisable for a period of two years ending on July 4, 1999. The average closing price of the Company's shares for the previous 10 days of trading was $0.49 per share.

The foregoing is subject to regulatory approval.

On behalf of the Board

BRENNA RESOURCES LTD.

“Hans Schwabl”

Hans Schwabl, Director

The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.