ION VIDEO LTD — Capital/Financing Update 2013

Oct 17, 2013

18 October 2013

Dear Shareholder

Firestrike Resources Limited - pro-rata non-renounceable entitlement issue

As announced on 16 October 2013, Firestrike Resources Limited (ACN 149 796 332) (the Company ) is undertaking a 1 for 2 pro rata non-renounceable entitlement issue ( Entitlement Issue or Offer ) of approximately 16,000,000 listed Options ( Options ) to raise approximately $32,000 (less expenses of the Offer). The price of Options under the Offer is $0.002 each ( Issue Price ). The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 16 October 2013.

The funds raised from the Offer will be applied towards the Company’s ongoing working capital requirements, including funding exploration and meeting the commitments in respect of the Company’s existing exploration projects over the next 12 months and expenses of the Offer.

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5pm (WST) on 25 October 2013, whose registered address is in Australia or New Zealand. The Options will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

Following completion of the Offer, the Company will have issued 16,000,000 Options resulting in total Options on issue of 16,000,000.

A copy of the Prospectus is available on ASX’s and the Company’s website. Eligible Shareholders will be mailed a Prospectus together with an Entitlement and Acceptance Form no later than 31 October 2013. Your entitlement will be set out on the personalised Entitlement and Acceptance Form accompanying the Prospectus.

Actions required of Eligible Shareholders

There are a number of actions Eligible Shareholders may take:

• You may wish to accept all of your rights to subscribe for Options pursuant to the Prospectus ( Entitlement ). To take up all or some of your Entitlements you will need to ensure your application money for the Entitlements you wish to take up is received by Advanced Share Registry Ltd ( Share Registry ) by no later than 5pm (WST) on 15 November 2013, by completing and returning your Entitlement and Acceptance Form together with your cheque, drawn on an

Australian bank or bank draft made payable in Australian currency, for the amount indicated on the Entitlement and Acceptance Form.

• You may wish to accept part of your Entitlement. To take up part of your Entitlement you will need to ensure your application money for the Entitlements you wish to take up is received by the Share Registry by no later than 5pm (WST) on 15 November 2013, by completing and returning your Entitlement and Acceptance Form by filling in the number of Options you wish to accept in the space provided on the Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the appropriate application monies (at $0.002 per Option).

• You may do nothing. If you choose to do nothing with your Entitlements, while you will continue to hold the same number of Shares, your interest in the Company will be diluted and you will receive no value for your Entitlement.

Key dates for the Offer

Event	Proposed Date
Prospectus and Appendix 3B lodged with ASX	16 October 2013
Notice of Entitlement Issue sent to securityholders	18 October 2013
Existingsharesquoted on an ‘ex’ basis	21 October 2013
Record date	25 October 2013
Despatch of Entitlement Issue Documents to Eligible	31 October 2013
Shareholders
Offer Period Opens
Offer Period Closes	15 November 2013
Securitiesquoted on a deferred settlement basis.	18 November 2013
Notification of under-subscriptions to ASX(if any)	20 November 2013
Shares Issued	25 November 2013
Holdingstatements despatched

If you have any queries concerning the Entitlement Issue, or the action you are required to take to subscribe for Options, please contact your financial adviser or Paul Lloyd on +61 8 9476 9209 .

Yours sincerely

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Paul Lloyd Director