STRIKE RESOURCES LIMITED — Director's Dealing 2007

Mar 8, 2007

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
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	HEM SHANKER MADAN
Date of last notice	6 March 2007

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

Direct or indirect interest	Direct / Indirect	Direct	Direct
Nature of indirect interest(including registered holder)Note: Provide details of- thecircumstances giving rise to therelevant interest.	Securities registeredin the name of: MrShanker Madan &Mrs Anu Madan<the and="" as="" hs<br="">MADAN S/F A/C>	Not Applicable	Not Applicable
Class	Ordinary fully paidshares	Unlisted Directors'Options (withexercise price of$0.96 and expiringon 21 July 2011)	Unlisted Directors'Options (withexercise price of$2.81 and expiringon 7 March 2012)
Date of change			6 March 2007
No. of securities held prior tochange	503,846	1,800,000
Number acquired			950,000
Number disposed
Value/ConsiderationNote: If consideration is non-cash,nrovidedetailsandestinatedvaluation			Νiί
No. of securities held afterchange	503,846	1,800,000	950,000
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividendreinvestment plan, participation inbuy-back			Issue of unlisteddirectors' optionspursuant toshareholder approvalon 6 March 2007

$\mathfrak{f}$ Refer full option terms contained in Notice of General Meeting and Explanatory Statement dated 31 May 2006

$\overline{2}$ Refer full option terms contained in Notice of General Meeting and Explanatory Statement dated 24 January 2007

Part 2 - Change of director's interests in contracts

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

Signature of Director: x------------------------------------Shanker Madan

Date: 9 March 2007