STRIKE RESOURCES LIMITED — Share Issue/Capital Change 2011

Aug 4, 2011

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

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 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

Strike Resources Limited (SRK)

ABN

94 088 488 724

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of +securities issued or to be issued

Ordinary shares

9,000,000

• 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued
• 3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

Fully-paid ordinary shares

+ See chapter 19 for defined terms.

4	Do the +securities rank equally inall respects from the date ofallotment with an existing +classof quoted +securities?	Yes
	If the additional securities do notrank equally, please state:•the date from which they do•theextenttowhichtheyparticipateforthenextdividend, (in the case of atrust, distribution) or interestpayment•the extent to which they do notrank equally, other than inrelation to the next dividend,distribution or interest payment
5	Issue price or consideration	The securities were issuedconsideration for theResourcesLtdofApurimac Ferrum S.A.remainder of theshares being a payment of US$1,200,000.	as part of theacquisition by Strike3,238,367sharesin(AF Shares)-theconsiderationfor theAF
6	Purpose of the issue(If issued as consideration for theacquisitionofassets,clearlyidentify those assets)	Part consideration for the acquisition of3,238,367 shares in Apurimac Ferrum S.A.
7	Dates of entering +securities intouncertificatedholdingsordespatch of certificates	5 August 2011
8	+classNumberandofall+securitiesquotedonASX(including the securities in clause2 if applicable)	Number9,000,000	+ClassFully-paid ordinaryshares(ASX Code: SRK)
9	+classNumberandofall+securitiesnot quoted on ASX(including the securities in clause	See Table A (below)

2 if applicable)

+ See chapter 19 for defined terms.

Table A - Reconciliation of Quoted and Unquoted Securities:

The Company currently has the following securities on issue:

	Quotedon ASX	Not Quotedon ASX	Total
Fully-paid, ordinary shares	142,534,268	-	142,534,268
$0.938 (12 September 2011) Unlisted Director Options	-	500,000	500,000
$2.078 (6 March 2012) Unlisted Director Options	-	500,000	500,000
$2.788 (6 March 2012) Unlisted Director Options	-	3,300,000	3,300,000
$2.878 (30 April 2012) Unlisted Employee Options	-	33,000	33,000
$3.978 (2 December 2012) Unlisted Director Options	-	4,000,000	4,000,000
$2.878 (3 March 2013) Unlisted Employee Options	-	250,000	250,000
$2.75 (13 October 2013) Unlisted Employee Options	-	250,000	250,000
$2.50 (24 November 2012) Unlisted Director Options	-	750,000	750,000
$2.75 (24 November 2012) Unlisted Director Options	-	750,000	750,000
$3.25 (24 November 2012) Unlisted Director Options	-	750,000	750,000
$1.30 (23 March 2013) Unlisted Personnel Options	-	733,334	733,334
$1.50 (23 March 2013) Unlisted Personnel Options	-	733,333	733,333
$1.75 (23 March 2013) Unlisted Personnel Options	-	733,333	733,333
Total	142,534,268	13,283,000	155,817,268

10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

N/A

+ See chapter 19 for defined terms.

Part 2 - Bonus issue or pro rata issue

11	Issecurityholderapprovalrequired?	N/A
12	Is the issue renounceable ornon-renounceable?	N/A
13	Ratio in which the +securities willbe offered	N/A
14	+Class of +securities to whichthe offer relates	N/A
15	+Recorddatetodetermineentitlements	N/A
16	Willholdingsondifferentregisters (or subregisters) beaggregatedforcalculatingentitlements?	N/A
17	Policy for deciding entitlementsin relation to fractions	N/A
18	Names of countries in which theentity has +security holders whowillnotbesentnewissuedocumentsNote: Security holders must be told how theirentitlements are to be dealt with.	N/A
	Cross reference: rule 7.7.
19	Closingdateforreceiptofacceptances or renunciations	N/A
20	Names of any underwriters	N/A
21	Amount of any underwriting feeor commission	N/A
22	Names of any brokers to theissue	N/A
23	Fee or commission payable tothe broker to the issue	N/A
24	Amount of any handling feepayable to brokers who lodgeacceptances or renunciations onbehalf of +security holders	N/A

+ See chapter 19 for defined terms.

25	If the issue is contingent on+security holders' approval, thedate of the meeting	N/A
26	Dateentitlementandacceptance form and prospectusor Product Disclosure Statementwill be sent to persons entitled	N/A
27	If the entity has issued options,andthetermsentitleoptionholderstoparticipateonexercise,thedateonwhichnotices will be sent to optionholders	N/A
28	Date rights trading will begin (ifapplicable)	N/A
29	Date rights trading will end (ifapplicable)	N/A
30	How do +security holders selltheir entitlements in full througha broker?	N/A
31	How do +security holders sellpart of their entitlements througha broker and accept for thebalance?	N/A
32	+securityHowdoholdersdisposeoftheirentitlements(exceptbysalethroughabroker)?	N/A
33	+Despatch date	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities (tick one)

(a) Securities described in Part 1

(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

+ See chapter 19 for defined terms.

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35	If the +securities are +equity securities, the names of the 20 largest holders ofthe additional +securities, and the number and percentage of additional+securities held by those holders
36	If the +securities are +equity securities, a distribution schedule of the additional+securities setting out the number of holders in the categories1 - 1,0001,001 - 5,0005,001 - 10,00010,001 - 100,000100,001 and over

Entities that have ticked box 34(b)

37 A copy of any trust deed for the additional +securities

38	Number of securities for which+quotation is sought	N/A
39	Class of +securities for whichquotation is sought	N/A
40	Do the +securities rank equally inall respects from the date ofallotment with an existing +classof quoted +securities?	N/A
	If the additional securities do notrank equally, please state:•the date from which they do•theextenttowhichtheyparticipateforthenextdividend, (in the case of atrust, distribution) or interestpayment•the extent to which they donot rank equally, other than inrelation to the next dividend,distributionorinterestpayment

+ See chapter 19 for defined terms.

41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) N/A

S,
λfУ
	Number	+Class

42 Number and +class of all +securities quoted on ASX (including the securities in clause 38)

Number	+Class
N/A

+ See chapter 19 for defined terms.

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
• 2 We warrant the following to ASX.
  • The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
  • There is no reason why those +securities should not be granted +quotation.
  • An offer of the + securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: _______________________________________ Date: 05 August 2011

Print name: Stephen Gethin, Company Secretary

+ See chapter 19 for defined terms.