STRIKE RESOURCES LIMITED — Capital/Financing Update 2006

Feb 20, 2006

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MARKET ANNOUNCEMENT

Pre-Reinstatement Disclosure - Escrowed Securities and Terms

The Company confirms the following restricted securities currently on issue:

Class of Securities andTerms	Holder	Issue Details	Number ofSecurities	Escrow Period
Fully paid ordinary shares	Uranium Oiland GasLimited	Issued on 23 December2005 pursuant tosettlement of the UOGAgreement as defined inthe Fast Scout LimitedProspectus dated 23December 2005	116,667	12 months to23 December2006
Fully paid ordinary shares	Hume MiningNL.	Issued on 9 February 2006pursuant to settlement ofthe Hume Agreement asdefined in the Prospectus	1,666,667	12 months to9 February2007
Options, each to acquireone fully paid ordinary at anexercise price of 20 centswith each such optionexpiring 5 years from thedate of its Issue (9 February2011)	Hume MiningNL.	Issued on 9 February 2006pursuant to subscriptionunder the Hume Agreement	1,833,333	12 months to9 February2007
Options, each to acquireone fully paid ordinary shareat an exercise price of 30cents with each such optionexpiring 5 years from thedate of its Issue (9 February2011)	Hume MiningNL	Issued on 9 February 2006pursuant to subscriptionunder the Hume Agreement	1,666,667	12 months to9 February2007

Further information:

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

ASX Code: SRK

www.strikeresources.com.au

STRIKE RESOURCES LIMITED (formerly Fast Scout Limited) Level 14, 221 St Georges Torrace, Perth WA 6000 7 | (08) 9214 9700 F | (08) 9322 1515

A.B.N. 94 088 488 724