STRIKE RESOURCES LIMITED — Director's Dealing 2007

Mar 6, 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
ABN	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 December 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

Direct or indirect interest	Direct / Indirect	Direct / Indirect	Direct
Nature of indirect interest(including registered holder)Note: Provide details of thecircumstances giving rise to therelevant interest.	Securities registered inthe name of: MrShanker Madan & MrsAnu Madan <the as<br="">AND HS MADAN S/FA/C >	Securities registered inthe name of: MrShanker Madan & MrsAnu Madan <the as<br="">AND HS MADAN S/FA/C	Not Applicable
Class	Ordinary fully paidshares	Listed Options(with exercise priceof 20 cents andexpiring on 30 June2008)	Unlisted Directors'Options (withexercise price of 96cents and expiringon 21 July 2011)
Date of change	27 February 2007	27 February 2007
No. of securities held prior tochange	337.179	166,667	1,800,000
Number acquired	166,667
Number disposed		(166, 667)
Value/ConsiderationNote: If consideration is non-eash.providedetailsandestimatedvaluation	$33,333.40	( $33, 333.40)
No. of securities held afterchange	503.846		1,800,000
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividendreinvestment plan, participation inbuy-back	Issue of shares fromconversion of SRKOlisted options	Conversion of SRKOlisted options intoshares

$\bar{\rm t}$

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

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: 6 March 2007