STRIKE RESOURCES LIMITED — Share Issue/Capital Change 2006

Feb 20, 2006

Friday, 17 February 2006

MARKET ANNOUNCEMENT

Pre-Reinstatement Disclosure -Share Capital Structure (To Be Re-Quoted)

DISTRIBUTION OF ORDINARY FULLY PAID SHARES (TO BE RE-OUOTED)

Spread	of	Holdings	Number of Holders	Number of Units	% of Total IssueCapital
$\mathbf{1}$	$\overline{\phantom{a}}$	1.000	63	44.326	0.09%
1,001	$\blacksquare$	5.000	349	1.012.419	2.13%
5,001	$\overline{a}$	10.000	214	1,669,743	3.52%
$10.001^{\circ}$	$\blacksquare$	100.000	389	13,835,910	29.15%
100,001	$\blacksquare$	and over	49	29,123,947	65.11%
Total			1064	45,686,345	100,00%

The Company currently has the following total securities on issue:

	To beQuoted	Subject toEscrow	Total
Fully paid ordinary shares	45,686,345	1.783.334 1	47.469.679
Options, each to acquire one fully paid ordinary at an exerciseprice of 20 cents with each such option expiring 5 years fromthe date of its issue (9 February 2011) ("$0.20 Options")		1,833,3332	1,833.333
Options, each to acquire one fully paid ordinary share at anexercise price of 30 cents with each such option expiring 5years from the date of its Issue (9 February 2011) ("$0.30Options").		1,666,6672	1.666.667

$\mathbf{1}$ Comprises:

• $(1)$ 116,667 shares issued to Uranium Oil and Gas Limited on 23 December 2005 pursuant to settlement of the UOG Agreement as defined in the Company's Prospectus dated 23 December 2005; and
• 1,666,667 shares issued to Hume Mining NL on 9 February 2006 pursuant to settlement of the Hume $(i)$ Agreement as defined in the Prospectus.

$\overline{2}$ Issued to Hume Mining NL on 9 February 2006 pursuant to subscription under the Hume Agreement. www.strikeresources.com.au

ASX Code: SRK

STRIKE RESOURCES LIMITED (formerly Fast Scout Limited) Level 14, 221 St Georges Terrace, Perth WA 6000 1 (08) 9214 9700 F (08) 9322 1515

A.B.N. 94 088 488 724