QUESTE COMMUNICATIONS LIMITED — Major Shareholding Notification 2011

Feb 15, 2011

Form 604 Corporations Act 671B

Notice of change in interests of substantial holder

To: Company Name/Scheme: STRIKE RESOURCES LIMITED (SRK)

ABN 94 088 488 724

1. Details of substantial holders[(1)]

Name

ORION EQUITIES LIMITED QUESTE COMMUNICATIONS LTD

ACN / ABN

( OEQ ) ABN 77 000 742 843 ( QUE ) ABN 58 081 688 164

There was a change in the interests of the substantial holders on: 16 February 2011 The previous notice was given to the company on: 13 August 2008 The previous notice was dated: 12 August 2008

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities(4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power(5)	Person's votes	Voting power(5)
Ordinary Shares	12,990,802	9.99%	16,690,802	12.5%
Based on SRK total issued share capitalof(shares)	130,034,268		133,534,268

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change(6)	Consideration given in relation to change(7) $	Class and number of securities affected	Person's votes affected
				Ordinary Shares
13 August 2008	The parties named in(1) above	On-market purchase by OEQ	$64,831.63	35,000	35,000
14 August 2008	The parties named in(1) above	On-market purchase by OEQ	$111,709.06	65,000	65,000
23 September 2008	The parties named in (1) above	On-market purchase by OEQ	$77,423.50	100,000	100,000
11 February 2011	The parties named in (1) above	Issue of shares to OEQ upon exercise of unlisted options in SRK (with an exercise price of $0.178 and expiring on 9 February 2011)	$326,333.27	1,833,333	1,833,333
11 February 2011	The parties named in (1) above	Issue of shares to OEQ upon exercise of unlisted options in SRK (with an exercise price of $0.278 and expiring on 9 February 2011)	$463,333.42	1,666,667	1,666,667

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20110216 QUE and OEQ ASIC F604 - Change of Substantial Shareholder Notice in SRK

4. Present relevant interests

Particulars ofeach relevantinterest Holder of relevant interest OEQ QUE	Particulars ofeach relevantinterest Holder of relevant interest OEQ QUE	ofthe substantial holder in voting securities afterthe change are asfollows:
	Holder of relevant interest	Nature of relevant interest(7)	Class and number of securities
			Ordinary Shares
	OEQ	Legaland beneficial holderofshares:	16,690,802
	QUE	Taken under section 608(3)(b) of the Corporations Act to have a relevant interest in securitiesin whichOEQhas arelevantinterest byreasonof having controlofOEQ

5. Changes in association

5. Changes in association	5. Changes in association
The persons who have become associates(2)of, ceased to be		associates of, or have change the nature of their association(9)with, the substantial holder in relation to voting interests
in	the company orscheme are asfollows:
	Name	ACN/ARSN(ifapplicable)	Nature ofassociation
	N/A	N/A	N/A

6. Addresses

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

Name	Address
ORION EQUITIES LIMITED ABN 77000742843 (OEQ)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
QUESTE COMMUNICATIONS LTD ABN58 081688164(QUE)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000

Signature

==> picture [423 x 142] intentionally omitted <==

----- Start of picture text -----

sign here date 16 February 2011
print name VICTOR HO capacity Director and Company Secretary of OEQ
sign here date 16 February 2011
print name VICTOR HO capacity Company Secretary of QUE
----- End of picture text -----

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 6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act.

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

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

• (6) Include details of:

• (a) any relevant agreement or other circumstance because of which the change in relevant interest occurred. 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.

(7) 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.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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