ION VIDEO LTD — Major Shareholding Notification 2011

Jul 26, 2011

603 page 1/2 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

Firestrike Resources Limited

ACN/ARSN ACN 149 796 332

1. Details of substantial holder (1) Name Ranchland Holdings Pty Ltd & Roger Steinepreis ACN / ARSN (if applicable) 060 696 639 The holder became a substantial holder on 26 / 07 / 2011 .

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class ofsecurities (4)	Numberofsecurities	Persons’ votes (5)	Voting power(6)
Ordinary	2,950,000	2,950,000	9.52%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest(7)	Class and number of securities
SeeAnnexureA

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Class and number of securities
See Annexure A

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
See Annexure B

603 2/2 15 July 2001

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) Nature of association Workpower Pty Ltd (ACN 060 681 352) Workpower Pty Ltd is an entity controlled by Roger Steinepreis. Jacqueline Steinepreis Roger Steinepreis and Jacqueline Steinepreis act in concert in relation to the acquisition and disposal of the shares held by Jacqueline Steinepreis. The addresses of persons named in this form are as follows: Name Address All GPO Box 2799, PERTH WA 6001

7. Addresses

The addresses of persons named in this form are as follows:

Signature

print name Roger Steinepreis capacity In his own right and as a director of

Ranchland Holdings Pty Ltd

sign here

date 27 / 07 / 2011

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations A.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person (eg. If the relevant interest arises because of an option) write “unknown”.

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

This is Annexure A of 1 page referred to in Form 603.

Roger Steinepreis

3,4. Details of relevant interests and present holders of relevant interests

Holder of relevant interest	Registered Holder	Person entitled to be registered as holder	Nature of relevant interest	Class and number of securities	Persons Votes
Ranchland Holdings Pty Ltd & Roger Steinepreis	Ranchland Holdings Pty Ltd (ATF RC Steinepreis Family TrustNo. 1)	-	Direct	2,500,000 Ordinary Shares	2,500,000
Ranchland Holdings Pty Ltd & RogerSteinepreis	Workpower Pty Ltd	-	Direct	125,000 Ordinary Shares	125,000
Ranchland Holdings Pty Ltd & Roger Steinepreis	Roger Steinepreis (ATF RC Steinepreis Family TrustNo. 2)	-	Direct	200,000 Ordinary Shares	200,000
Ranchland Holdings Pty Ltd & RogerSteinepreis	Jacqueline Steinepreis	-	Direct	125,000 Ordinary Shares	125,000

This is Annexure B of 1 page referred to in Form 603.

Roger Steinepreis

5. Consideration

Holder of relevant interest	Registered Holder	Date of acquisition	Cash Consideration	Class and number of securities
Ranchland Holdings Pty Ltd & Roger Steinepreis	Ranchland Holdings Pty Ltd	10 March 2011	$2,500	2,500,000 Ordinary Shares
Ranchland Holdings Pty Ltd & Roger Steinepreis	Workpower Pty Ltd	5 July 2011	$25,000	125,000 Ordinary Shares
Ranchland Holdings Pty Ltd & Roger Steinepreis	Roger Steinepreis (ATF RC Steinepreis FamilyTrustNo. 2)	5 May 2011	$20,000	200,000 Ordinary Shares
Ranchland Holdings Pty Ltd & Roger Steinepreis	Jacqueline Steinepreis	5 July 2011	$25,000	125,000 Ordinary Shares