STRIKE RESOURCES LIMITED — Director's Dealing 2006

Nov 6, 2006

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	STRIKE RESOURCES LIMITED (SRK)
JABN	94 088 488 724

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	FAROOQ KHAN
Date of last notice	27 July 2006

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Natureindirect٥finterest(includingregistered	(1)(2)	OEQ 1 is a legal, beneficial and registered holder of securities in SRK;Hume 2 is a legal, beneficial and registered holder of securities in SRK;
holder)	(3)	Hume is a wholly owned subsidiary of OEQ;
Note: Provide details of thecircumstances giving rise tothe relevant interest.	(4)	$DEQ$ is taken under section $608(3)(b)$ of the Corporations Act to have arelevant interest in SRK securities in which Hume has a relevant interest byreason of having control of Hume;
	(5)	$QUE3$ is taken under section 608(3)(b) of the Corporations Act to have arelevant interest in SRK securities in which OEQ has a relevant interest byreason of having control of OEQ;
	(6)	Farooq Khan (and associated companies) are taken under section 608(3)(a)of the Corporations Act to have a relevant interest in the SRK securities inwhich QUE has a relevant interest by reason of having >20% voting power inQUE:
	(7)	Therefore, Faroog Khan has a relevant interest in the SRK securities held byOEO/Hume.

$\overline{\phantom{a}}$ Orion Equities Limited ABN 77 000 742 843 (OEQ)

$\bar{2}$ Hume Mining NL ABN 52 063 994 945 (Hume), a wholly owned subsidiary of OEQ

$\mathfrak{Z}$ Queste Communications Limited ABN 58 081 688 164 (QUE)

STRIKE RESOURCES LIMITED A.B.N. 94 088 488 724

Class	LISTED ORDINARY FULLY PAID SHARES
Direct or indirect interest	Direct		Indirect		Total
Nature of indirect interest(including registered holder)Note: Provide details of thecircumstances giving rise tothe relevant interest.	Held personally			362,944 held by OEQ1,666,667 held by Hume(refer above)	N/A
Date of change
No. of securities held prior tochange	353,340			2,029,611	2,382,951
Number acquired		$\overline{\phantom{a}}$	$31 - 10 - 06$	343,693
	Sub-total	au.	Sub-total	343,693
Number disposed		$\overline{ }$
Value		$\tilde{\phantom{a}}$	$31 - 10 - 06$	$446,800.90
iConsideration	$\blacksquare$	$\overline{\phantom{a}}$	۰
Note: If consideration is non-	÷.	$\overline{\phantom{a}}$	÷
cash, provide details andestimated valuation	Sub-total	$\overline{\phantom{a}}$$\bullet$	Sub-total	$446,800.90
No. of securities held after
change		353,340		2,373,304 comprising:
			706,637 held by OEQ
			1,666,667 held by Hume
Nature of changeExample: on-market trade,off-market trade, exercise ofoptions, issue of securitiesunder dividend reinvestmentplan, participation in buy-back	N/A			Investment by OEQ underan SRK share placement	N/A

Class	UNLISTED DIRECTORS OPTIONS(exercise price of 96 cents and expiring on 21 July 2011) $^4$
Direct or indirect interest	Direct	Indirect	Total
Natureοfindirectinterest(including registered holder)Note: Provide details of thecircumstances giving rise to therelevant interest.	Held personally	N/A	NJA.
Date of change
No. of securities held prior tochange	1,400,000
Number acquired
Number disposed
ValueiConsiderationNote: If consideration is non-cash, provide details andestimated valuation
No. of securities heldafterchange	1,400,000
Nature of changeExample: on-market trade, off-markettrade, exercise$-$ ofoptions, issue of securitiesunder dividend reinvestmentplan, participation in buy-back	N/A	N/A	N/A

$\overline{4}$

Refer full option terms contained in Notice of General Meeting and ExplanatoryStatement dated 31 May 2006

Class	LISTED OPTIONS(with exercise price of 20 cents and expiring on 30 June 2008)
Direct or indirect interest		Direct	Indirect		Total
Nature of indirect interest(including registered holder)Note: Provide details of thecircumstances giving rise tothe relevant interest.	Held personally		181,472 held by OEQ833,334 held by Hume(refer above)
Date of change
No. of securities held prior tochange	166,670		1.014.806		1,181,476
Number acquired				$\pmb{\pi}$
	Sub-total	ú.	Sub-total	a.
Number disposed	None		None		None
Value		۰
iConsideration		÷
Note: If consideration is non-	÷	÷
cash, provide details and		$\blacksquare$
estimated valuationNo. of securities held after	Sub-total	ä.	Sub-total	٠	٠
change	166,670		1,014,806		1,181,476
Nature of changeExample: on-market trade,off-market trade, exercise ofoptions, issue of securitiesunder dividend reinvestmentplan, participation in buy-back	N/A			N/A	N/A

Class	UNLISTED HUME OPTIONS
	exercise price of 20 cents and expiring on 9 February 2011)
Direct or indirect interest	Direct	Indirect	Total
of indirectNatureinterest(including registered holder)	N/A	Held by Hume
Note: Provide details of thecircumstances giving rise to the		(refer above)
relevant interest.
Date of change
No. of securities held prior to		1,833,333	1,833,333
changeNumber acquired
Number disposed
Value
iConsideration
Note: If consideration is non-
cash, provide details and
estimated valuation
No. of securities heldafterchange		1,833,333	1,833,333
Nature of change	N/A
Example: on-market trade, off-		N/A	N/A
exercisemarkettrade.οf
options, issue of securities
under dividend reinvestment
plan, participation in buy-back

Class	UNLISTED HUME OPTIONS
	(exercise price of 30 cents and expiring on 9 February 2011)
Direct or indirect interest	Direct	Indirect	Total
Nature of indirect interest(including registered holder)Note: Provide details of the	N/A	Held by Hume
circumstances giving rise tothe relevant interest.		(refer above)
Date of change
No. of securities held prior tochange		1.666.667	1,666,667
Number acquired
Number disposed
ValueiConsiderationNote: If consideration is non-cash, provide details andestimated valuation
No. of securities held afterchange		1,666,667	1,666,667
Nature of changeExample: on-market trade,off-market trade, exercise ofoptions, issue of securitiesunder dividend reinvestmentplan, participation in buy-back	N/A	N/A	N/A

Part 2 - Change of director's interests in contracts

Detail of contract	Not Applicable
Nature of interest	Not Applicable
Name of registered holder	Not Applicable
(if issued securities)
Date of change	Not Applicable
No. and class of securities to which	Not Applicable
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/Consideration	Not Applicable
Note: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change	Not Applicable

$\overline{a}$

Signature of Director: x------------

Date: 7 November 2006

Farooq Khan