STRIKE RESOURCES LIMITED — Capital/Financing Update 2009

Apr 30, 2009

Friday, 1 May 2009

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MARKET ANNOUNCEMENT

LAPSE OF EMPLOYEE OPTIONS

The Company advises that 200,000 unlisted employee’s options (with an exercise price of $1.178 each and expiring on 4 September 2012) have lapsed. These options were held by a former employee and lapsed on 4 March 2009 as they were not exercised within 30 days of cessation of employment, as required under the terms of issue.

The Company currently has the following securities on issue:

	Quoted	Not Quoted
	on ASX	on ASX	Total
Fully paid ordinary shares	130,034,268	-	130,034,268
$0.178 (9 February 2011) Unlisted Options	-	1,833,333	1,833,333
$0.278 (9 February 2011) Unlisted Options	-	1,666,667	1,666,667
$0.938 (20 July 2011) Directors’ Options	-	4,600,000	4,600,000
$0.938 (12 September 2011) Unlisted Director’s Options		500,000	500,000
$2.078 (6 March 2012) Unlisted Director’s Options		500,000	500,000
$2.788 (6 March 2012) Unlisted Directors’ Options		3,300,000	3,300,000
$2.878 (30 April 2012) Unlisted Employees’ Options		133,000	133,000
$3.978 (2 December 2012) Unlisted Directors’ Options		4,000,000	4,000,000
$2.878 (3 March 2013) Unlisted Employee’s Options		250,000	250,000
$2.75 (29 July 2011) Unlisted Options		903,404	903,404
$2.75(13 October 2013)Unlisted Options		250,000	250,000
Total	130,034,268	17,936,404	147,970,672

For further information:

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

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www.strikeresources.com.au

STRIKE RESOURCES LIMITED

A.B.N. 94 088 488 724

Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000 T | +61 8 9214 9700 F | +61 8 9322 1515 E

ASX Code: SRK

E | info@strikeresources.com.au