STRIKE RESOURCES LIMITED — Major Shareholding Notification 2011

Feb 17, 2011

Form 604

Corporations Act

671B

Notice of change in interests of substantial holder

To: Company Name/Scheme: STRIKE RESOURCES LIMITED (SRK)

ABN 94 088 488 724

1. Details of substantial holders (1)

Name		ACN / ABN
FAROOQ KHAN	(F KHAN)
ISLAND AUSTRALIA PTY LTD	(ISLAND)	A.C.N. 073 447 300
SKIN-PLEX LABORATORIES PTY LTD	(SKIN-PLEX)	A.C.N. 009 424 560
THE ESSENTIAL EARTH PTY LTD	(ESSENTIAL)	A.C.N. 009 029 305
There was a change in the interests of the substantial holders on:		16 February 2011
The previous notice was given to the company on:		13 August 2008
The previous notice was dated:		12 August 2008

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest(3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities $(4)$	Previous notice		Present notice
	Person's votes	Voting power $(5)$	Person's votes	Voting power $(5)$
Ordinary Shares	13,520,812	10.4%	17,220,812	12.9%
Based on SRK total issuedshare capital of (shares)	130,034,268		133,534,268

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature of change (6)	Consideration given inrelation to change(7)	Class and numberof securitiesaffected	Person'svotes affected
			S	Ordinary Shares
13 August2008	The parties namedin $(1)$ above	On-market purchase by OEQ	$64,831.63	35,000	35,000
14 August2008	The parties namedin $(1)$ above	On-market purchase by OEQ	$111,709.06	65,000	65,000
23September2008	The parties namedin $(1)$ above	On-market purchase by OEQ	$77,423.50	100,000	100,000
11 February2011	The parties namedin $(1)$ above	Issue of shares to OEQ upon exercise ofunlisted options in SRK (with an exerciseprice of $0.178 and expiring on 9 February2011)	$326,333.27	1,833,333	1,833,333
11 February2011	The parties namedin $(1)$ above	Issue of shares to OEQ upon exercise ofunlisted options in SRK (with an exerciseprice of $0.278 and expiring on 9 February2011)	$463,333.42	1,666,667	1,666,667

4. Present relevant interests Darticulare of coop relevant internet of the substa

Holder of relevantinterest	Nature of relevant interest(7)	Class and numberof securities
		Ordinary Shares
OEQ	Legal and beneficial holder of shares:	16,690,802
QUE	Taken under section 608(3)(b) of the Corporations Act to have a relevant interest insecurities in which OEQ has a relevant interest by reason of having control of OEQ
F KHAN
ISLAND	Taken under section 608(3)(a) of the Corporations Act to have a relevant interest in
SKIN-PLEX	securities in which QUE has a relevant interest by reason of having voting power above20% in QUE
ESSENTIAL
F KHAN	Legal and beneficial holder of shares	530,010

atial hidden to continue the control

5. Changes in association

The persons who have become associates(2) of, ceased to be associates of, or have change the nature of their association(9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name	ACN/ARSN (ifapplicable)	Nature of association
N/A	N/A	N/A

6. Addresses

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

Name	Address
ORION EQUITIES LIMITED ABN 77000 742 843 (OEQ)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
QUESTE COMMUNICATIONS LTDABN 58 081 688 164 (QUE)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
F KHAN	c/- Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
ISLAND	c/- Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
SKIN-PLEX	c/- Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
ESSENTIAL	c/- Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
Signature

Date 16 February 2011 capacity

Personally and as Director of ISLAND, SKIN-PLEX and ESSENTIAL

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

FAROOO KHAN

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:

sign here

print name

• any relevant agreement or other circumstance because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

(2) See the definition of "associate" in section 9 of the Corporations Act.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act.

(4) The voting shares of a company constitute one class unless divided into separate classes.