STRIKE RESOURCES LIMITED — Board/Management Information 2005

Sep 25, 2005

Mondav, 26 September 2005

MARKET ANNOUNCEMENT

CHANGE OF DIRECTORS

The Board of Fast Scout Limited ("Fast Scout") is pleased to announce the appointment of Mr Shanker Madan as a director of the Company.

About Shanker Madan

Mr Madan, aged 60 years, has honours and masters Science degrees in Applied Geology. He has had world-wide experience in the exploration and evaluation of mineral deposits for various commodities.

Mr Madan has been a Manager with Hamersley Iron, Group Leader with BHP Minerals, Chief Geologist with Hancock and Wright Prospecting and a Senior Geological Consultant to the Rio Tinto Group. Mr Madan has managed a range of mineral evaluation studies in Iran, Brazil and Western Australia for BHP, Rio Tinto and Hamersley Iron.

He has also acted as a consultant to Rio Tinto, Ashton Mining and others on mineral projects in Brazil, South Africa, India, the Philippines, Fiji and United States, working on a range of iron ore, diamonds, gold, copper and chromite deposits. He has been involved in the discovery of 3 world class iron deposits in Western Australia for TexasGulf and BHP Minerals.

From 1997 to 2001, Mr Madan managed the evaluation of resource projects for Hamersley Iron and more recently completed a resources due diligence study of the billion-dollar West Angelas project in the Pilbara region of Western Australia.

The Board believes that the appointment of a geologist of Mr Madan's credentials and background will assist the Company in advancing its prospects as a mining company.

The Board also advises that Mr Azhar Chaudhri and Mr Yagoob Khan have resigned as directors. The Board thanks Messrs Chaudhri and Khan, who were founding directors of Fast Scout, for their services to the Company.

Further information:

Victor Ho Company Secretary $T$ | (08) 9214 9700 E | vho@fastscout.com

www.fastscout.com

FAST SCOUT LIMITED

A.B.N. 94 088 488 724