STRIKE RESOURCES LIMITED — Major Shareholding Notification 2008

Jul 31, 2008

MALLESONS STEPHEN JAQUES

1 August 2008

Mr Victor P. H. Ho Company Secretary Strike Resources Limited Level 14 The Forrest Centre 221 St George's Terrace PERTH WA 6000 Fax (08) 9322 1515

Company Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Fax 1300 135 638

Dear Sirs

Notice of ceasing to be a substantial holder - Strike Resources Limited

We act for GLG Partners LP.

Please find attached an ASIC Form 605 issued by GLG Partners LP under Part 6C.1 of the Corporations Act 2001 (Cwlth) in relation to shares in Strike Resources Limited (ACN 088 488 $724$ ).

Yours sincerely

Tennie Tam Solicitor Direct line +61 2 9296 2831 Email tennie.tam@mallesons.com

Meredith Paynter Partner Direct line +61 2 9296 2277

Level 61 Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Australia DX 113 Sydney ABN 22 041 424 954 syd@mallesons.com www.mallesons.com

T +61 2 9296 2000 F+612 9296 3999

605 page 1/2 15 July 2000

Form 605

Corporations Act 2001Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Strike Resources Limited
ACN/ARSN	088 488 724
1. Detaile of substantial holder (1)
Name	GLG Partners LP
ACN/ARSN (if applicable)	Asset Manager established in England, UK
The holder ceased to be asubstantial holder on	29 / 7 /2008
The previous notice was given to the company on	8 /2008 (relodged from 22/7/2008)
The previous notice was dated	/200831 Z

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, sincethe substantial holder was last required

Date ofchange	Person whose relevantinterest changed	Nature ofchange (4)	Considerationgiven in relationto changes (5)	Class (6) andnumber ofsecurities affected	Person's votesaffected
30/7/2008	GLG Partners LP	As below	As below	5,697,964ordinary shares	5,697,964
30/7/2008	CASAM GLG EuropeanLong-Short Fund Limited	Dilution to below 5%voting power resultingfrom issue of 18,068,086shares by StrikeResources Limitedpursuant to placement toGallagher HoldingsLimited	Nil	32,617 ordinaryshares	32.617
30/7/2008	CASAM GLG EuropeanEquity Market NeutralFund Limited	Dilution to below 5%voting power resultingfrom issue of 18,068.086shares by StrikeResources Limitedpursuant to placement toGallagher HoldingsLimited	Nil	263,377 ordinaryshares	263,377
30/7/2008	GLG European Long-Short Fund	Dilution to below 5%voting power resultingfrom Issue of 18,068,086shares by StrikeResources Limitedpursuant to placement toGallagher HoldingsLimited	Nil	3,031,440ordinary shares	3,031,440
30/7/2008	GLG Global Mining Fund	Dilution to below 5%voting power resultingfrom issue of 18,068,086shares by StrikeResources Limitedpursuant to placement toGallagher HoldingsLimited	Nil	2,120,774ordinary shares	2,120,774
30/7/2008	MAC Pilsudski 20A Ltd	Dilution to below 5%voting power resultingfrom issue of 18,068,086shares by StrikeResources Limitedpursuant to placement toGallaghar Holdings.	NI	249,756 ordinaryshares	249,756

	_______________________________________
______________________________________	_______________________________________
where the children in the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contmiteo.$\cdots$______________________________________	._______________________________________

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

****************
Name and ACN/ARSN (if applicable),,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,_______________________________________	Nature of association--------------
'NA
----------	_______________________________________
.	---------------------------------------_______________________________________

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
GLG Partners LP	One Curzon Street, London W1J 5HB
CASAM GLG European Long-Short Fund Limited	One Curzon Street, London W1J 5HB
CASAM GLG European Equity Market Neutral Fund Limited	One Curzon Street, London W1J 5HB
GLG European Long-Short Fund	One Curzon Street, London W1J 5HB
GLG Global Mining Fund	One Curzon Street, London W1J 5HB
MAC Pilsudski 20A Ltd	One Curzon Street, London W1J 5HB