STRIKE RESOURCES LIMITED — Major Shareholding Notification 2012

Apr 30, 2012

Form 603 Corporations Act Section 671B Notice of initial substantial holder

To Company Name/Scheme	STRIKE RESOURCES LIMITED (SRK)
ABN	94 088 488 724

1. Details of substantial holders(1)

ACN / ABN		Name
-	(AZHAR)	MR AZHAR CHAUDHRI
Not applicable	(RENMUIR)	RENMUIR HOLDINGS LIMITED
Not applicable	(CHI TUNG)	CHI TUNG INVESTMENTS LTD

The holders became substantial holders on 30 April 2012

2. Details of 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 on the date the substantial holder became a substantial holder are as follows:

Class of securities(4)	Number of securities	Persons' votes(5)	Voting power(6)
Ordinary Shares	17,178,261	17,178,261	12.05%

Note: Based on SRK's total issued share capital being 142,534,268 shares

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest(7)	Class and numberof securities
		Ordinary Shares
AZHAR	Legal and beneficial holder of shares in SRK	20
RENMUIR	Legal and beneficial holder of shares in SRK
AZHAR	Taken under section 608(3)(b) of the Corporations Act to have a relevantinterest in securities in which RENMUIR has a relevant interest by reasonof having control of RENMUIR	487,439
OEQ	Legal and beneficial holder of shares in SRK
QUE	Taken under section 608(3)(b) of the Corporations Act to have a relevantinterest in securities in which OEQ has a relevant interest by reason ofhaving control of OEQ	16,690,802
AZHAR	Taken under section 608(3)(a) of the Corporations Act to have a relevant
RENMUIR	interest in securities in which QUE has a relevant interest by reason of	16,690,802
CHI TUNG	having voting power above 20% in QUE

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to beregistered as holder(8)	Class and number ofsecurities
			Ordinary Shares:
	AZHAR	AZHAR	20
All the parties named in (1)	RENMUIR	RENMUIR	487,439
	OEQ	OEQ	16,690,802
		TOTAL	17,178,261

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the 4 months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration(9)		Class and numberof securities
		Cash	Non-cash	Ordinary Shares
-	-	-	-	-

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
-	-

7. Addresses

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

Name	Address
AZHAR	175A Sarwar Road, Rawalpindi, PAKISTAN
RENMUIR	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG
CHI TUNG	7th Floor, Allied Kajima Building, 138 Gloucester Road, HONG KONG
Queste Communications LtdACN 081 688 164 (QUE)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000
Orion Equities LimitedACN 000 742 843 (OEQ)	Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000

Signature

nrint nam	A7HAR (

sign here	date	1 May 2012

print name AZHAR CHAUDHRI capacity Personally and on behalf of RENMUIR and CHI TUNG

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 7 of the form.
• (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.
• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.
• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (7) Include details of:
• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) 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
• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or 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.
• (8) If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write "unknown".
• (9) 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.