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STRIKE RESOURCES LIMITED Capital/Financing Update 2008

May 12, 2008

65855_rns_2008-05-12_bdfd3475-ae0d-443e-a903-d1da1d1c49f6.pdf

Capital/Financing Update

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ASX PERTH

MARKET RELEASE

13 May 2008

Strike Resources Limited

SUSPENSION FROM OFFICIAL QUOTATION

The securities of Strike Resources Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the finalisation of a capital raising.

Security Code: SRK $\mathbf{I}$ SRKO

Ben Donovan Senior Advisor (Issuers)

$\frac{1}{2}$

NO.426 $P.2/2$

13 May 2008

ASX Limited Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

Attention: Mr Ben Donovan Senior Companies Advisor By Email: [email protected]

Dear Mr Donovan,

REQUEST FOR VOLUNTARY SUSPENSION FOR STRIKE RESOURCES LIMITED (SRK)

We refer to our request on Friday, 9 May 2008 for a trading halt from quotation of the Company's listed securities (SRK and SRKO) pending the release of a market announcement by SRK in relation to a fund raising.

We now request a voluntary suspension from quotation of the Company's listed securities (SRK and SRKO) and the following information is provided in relation to this voluntary suspension request pursuant to Listing Rule 17.2:

(1) Reasons for the suspension Pending the release of a market announcement by SRK inrelation to a fund raising
(2) Length of suspension Until such time as an announcement referred to in (1) isreleased; this is expected to be by no later than prior tothe commencement of trading on Tuesday, 20 May 2008(5 business days after this request)
(3) Events expected to happento end the suspension Upon SRK's release of a market announcement referred toin $(1)$
(4) Reasons why suspensionshould not be granted SRK is unaware of any reasons why a suspension shouldnot be granted
(5) Any other informationnecessary to inform themarket about the suspension SRK does not have any other information necessary toinform the market about the suspension, pending therelease of an announcement referred to in $(1)$

Yours Faithfully,

Victor Ho Company Secretary

www.strikeresources.com.au

STRIKE RESOURCES LIMITED

A.B.N. 94 088 488 724

ASX Code: SRK + SRKO

Level 14, 221 St Georges Terrace, Perth WA 6000 T | (08) 9214 9700 F | (08) 9322 1515