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STRIKE RESOURCES LIMITED Capital/Financing Update 2006

Apr 23, 2006

65855_rns_2006-04-23_421b095f-8a1c-4a2d-90a7-c89e441f2c38.pdf

Capital/Financing Update

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Friday, 21 April 2006

MARKET ANNOUNCEMENT

Allotment and Issue of Options

The Company is pleased to advise that it has allotted and issued 23,735,163 options, each to acquire one fully paid ordinary share in the Company at an exercise price of 20 cents with each such option expiring at 5:00pm (Perth time) on 30 June 2008, pursuant to applications received under a non-renounceable one for two rights issue Prospectus dated 20 March 2006 which closed on 18 April 2006.

The issue has raised approximately $237,325 (before expenses).

Deferred settlement trading in such options will end on 26 April 2006 when holding statements will also be despatched to option holders.

These options have traded under ASX Code: SRKO.

The Company will release details of option holder spread and Top 20 option holders when such information becomes available from its share registry.

For further information:

Shanker Madan Managing Director T | (08) 9214 9700 E | [email protected] Victor Ho Company Secretary T1 (08) 9214 9700 E | [email protected]

ASX Code: SRK + SRKO

www.strikeresources.com.au

STRIKE RESOURCES LIMITED (formerly Fast Scout Limited) Level 14, 221 St Georges Terrace, Perth WA 6000 T | (08) 9214 9700 F | (08) 9322 1515

A.B.N. 94 088 488 724