STRIKE RESOURCES LIMITED — Capital/Financing Update 2021

Jun 3, 2021

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Friday, 4 June 2021

ASX Code: SRK

ASX MARKET ANNOUNCEMENT

Section 708A Cleansing Statement – Issue of 22M Shares

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001 (CTH)

This Cleansing Statement has been prepared for the purposes of, and is being given in accordance with, the requirements of section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ).

Strike Resources Limited ACN 088 488 724 (ASX:SRK) ( Company ) has issued (on 4 June 2021) 22,865,732 fully paid ordinary shares ( Shares ) at an issue price of $0.22 (22 cents) each to professional/sophisticated investors.[1]

The Corporations Act restricts the offer for sale of securities without a disclosure document unless the relevant sale satisfies an exemption set out in section 708 or 708A of the Corporations Act.

The Company seeks to rely on an exemption in section 708A(5) of the Corporations Act with respect to the secondary sale of the Shares.

In accordance with the requirements of section 708A(5)(e) of the Corporations Act, under which this notice is given, the Company confirms that:

• (1) The Company issued the Shares without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on section 708 and that notification is being given under section 708A(5)(e) of the Corporations Act.

• (2) As at the date of this notice:

• (a) the Company, as a disclosing entity under the Corporations Act, has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

• (b) the Company has complied with section 674 of the Corporations Act.

• (3)

• As at the date of this notice, there is no information:

• (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• (b) that investors and their professional advisors would reasonably require, and would reasonably expect to find in a disclosure document, for the purpose of making an informed assessment of:

• (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and

• (ii) the rights and liabilities attaching to the Shares.

1 Refer also Strike’s ASX market announcement dated 28 May 2021: Completion of $5 Million Capital Raising

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www.strikeresources.com.au

STRIKE RESOURCES LIMITED

A.B.N. 94 088 488 724

Level 2, 31 Ventnor Avenue, West Perth, Western Australia 6005 T | (08) 9214 9700 F | (08) 9214 9701

E | info@strikeresources.com.au

ASX : SRK

20210604 SRK ASX Section 708A Cleansing Statement - Issue of 22M Shares.docx

Dated: 4 June 2021

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William Johnson Managing Director

Victor Ho Company Secretary

AUTHORISED FOR RELEASE - FOR FURTHER INFORMATION:

William Johnson Victor Ho Managing Director Company Secretary T | 08) 9214 9700 T | (08) 9214 9700 E | wjohnson@strikeresources.com.au E | vho@strikeresources.com.au

ABOUT STRIKE RESOURCES LIMITED (ASX:SRK)

Strike Resources Limited is an ASX listed resource company which is developing the 1.5Mtpa Paulsens East Iron Ore Project in Western Australia. Strike also owns the high grade Apurimac Iron Ore Project in Peru where it has commenced mining of high-grade surface deposits and entered into an offtake agreement with an international iron-ore trading firm to export the “Apurimac Premium Lump” DSO product of ~65% Fe. Strike has a 43% shareholding in Lithium Energy Limited (ASX:LEL), which was recently spun-out of Strike under a $9m IPO. Lithium Energy is developing battery minerals related assets - the Solaroz Lithium Brine Project in Argentina and the Burke Graphite Project in Queensland.

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