Company Information for Stratex International Plc

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Company Statement

Stratex International is an exploration and development (E&D) company focusing on gold and other high-value base metals. The company objective is to be a leading-edge and innovative explorer whilst creating revenue from gold and base metal production via well-managed joint-ventures.

Formed in 2004, the company has been positioned to take advantage of the current paucity of exploration activities and the resultant projected shortage in supply of precious and base metals. Since formation, Stratex has rapidly amassed a portfolio of high-potential exploration licences in central and western Turkey. Three of these have been the focus of drilling and, with the optioning of a new property, Altintepe, Stratex now possesses a total resource of slightly more than 841,000 oz of gold.

The strategic intent is to maximize shareholder value through the continuing development of this focused portfolio. Revenues will be generated by developing the defined resources into mines in collaboration with strategic partner Teck Cominco Limited. However, should the mineral resource not meet Teck Cominco’s operational criteria then either a joint venture would be sought with another appropriate mining company or the resource would be sold to a third party whilst retaining a net smelter royalty.

Stratex has a UK-based board of directors, including a Chairman, CEO, CFO and two non- executive directors with a head office in London. The Turkish operations are managed from offices in Ankara and include the Country General Manager plus two senior Project Managers and a strong team of geologists.

Current Operations

Stratex has rapidly developed a portfolio of high-priority prospects in Turkey that require drilling to evaluate the resource potential. The current project portfolio is focused on gold targets in Turkey and covers ten licence blocks, totalling approximately 1,513 km²:-

• Inlice: A new high-sulphidation gold discovery in a previously unexplored area – the Konya Volcanic Belt. Current resource in the Ana Zone totals 6,751,595 t @ 1.72 g/t gold realising 372,971 oz gold. Exploration is now focusing on new targets in the vicinity of the Ana Zone that have been identified by geophysical surveys
• Doğanbey:  A new porphyry gold-molybdenum target within the Konya Volcanic Belt. Geological mapping and geophysical surveys indicate a potentially large system and drilling commenced on 21st  September 2007.  An airborne geophysical (magnetic) survey of the wider Konya belt was completed early November and should contribute substantially to the identification and prioritisation of new targets to be brought to the drill stage in 2008.
• Altintepe: A multi-occurrence prospect comprising a number of discrete gold-bearing zones. A declared NI 43-101 resource of 311,543 oz gold is now the focus of both further resource drilling and exploration drilling. Stratex/Teck Cominco are applying a new geological model to upgrade and define new resources.
• Muratdere: A porphyry gold-copper-molybdenum occurrence that is exposed over an area of approximately 4,000 m x 5,00 m. Encouraging results from early drilling returned a best intersection to date of 284.7 metres grading 0.30% copper.
• Karaağaç:  A partially exposed, gently dipping gold-bearing zone, extending over an area of approximately 3.5km2. Drilling has identified a resource of approximately 6,389,011 t @ 0.78 g/t gold for a total of 156,798 oz gold. A joint venture partner is being sought to extend the resource and undertake feasibility studies, with a view to mid-term production.   

Project Pipeline Portfolio:

• Hasançelebi: Newly discovered high-sulphidation gold system similar to Inlice.
• Altunhisar and Karapınar: two new areas of volcanic rocks similar to Konya within which multiple occurrences of Inlice-type alteration have already been identified.

The Directors believe that recent changes in mining and investment law in Turkey have created a positive environment for exploration and mining. Discoveries by other companies in central and western Turkey in recent years include Eldorado Gold's Kisladag gold deposit (7.86 million ounce resource), Anatolia Mineral's Cöpler gold deposit (3.8 million ounce resource), and a number of other smaller discoveries.

Geographical Spread

To date the focus of the Company

Board of Directors and Key Management

BOARD OF DIRECTORS
David Hall, BSc, MSc	Executive Chairman
Bob Foster, BSc, PhD, FIMM, CEng, FGS, CGeol	Chief Executive Officer
Perry Ashwood, FCA	Chief Financial Officer
Peter Addison	Non-Executive Director
MANAGEMENT
Mr Bahri Yildiz, BSc	General Manager Turkey

Company Address 212 Piccadilly London, London, United Kingdom W1J 9HG Telephone: +44 (0)207 830 9650 Facsimile: +44 (0)207 830 9651 Email: info[at]stratexplc.com Website: http://www.stratexinternational.com

Additional Address/Key Contact UK Exploration Office Stratex Exploration Ltd Wessex House Upper Market Street Eastleigh Hampshire SO50 9FD Tel: +44 (0)207 830 9650 Fax: +44 (0)207 830 9651 Chief Executive Officer: Bob Foster

Annual General Meeting 28th April 2008, 3pm Pall Mall London SW1Y 5ED

Year End 31 December

Nominated Brokers Hanson Westhouse

Nominated Advisors Hanson Westhouse

Broker/Analyst Reports

05/05/07 - Stratex International

Major Shareholders

Shareholder	Number of Shares Held at 19th June 2007	Percentage Holding
Credit Suisse Client Nominees (UK) Ltd (RAB Capital)	32,650,000	13.9%
Nick Graham	17,000,000	7.3%
Teck Cominco Ltd	20,505,006	8.8%
Morstan Nominees Limited (Kairos Investment)	16,600,000	7.1%
J M Finn Nominees	9,166,956	3.9%
Orion Trust	9,000,000	3.8%
Brewin Nominees (CI) Limited	7,324,275	3.1%
Directors:-
David Hall	12,522,374	5.4%
Bob Foster	6,914,611	3.0%
Paul Foord	5,863,317	2.5%
Perry Ashwood	1,450,021	0.62%
Andrew Malim	55,555	0.0%
Total Director Shareholdings	26,805,878	11.5%
Total Shares	234,066,942

Related News

23/06/08 - Stratex International Mops Up The Miocene
03/03/08 - Taking Profits On Stratex Marks Another Success For RAB Capital … Or Does It?
13/11/07 - Stratex International Has Teck Cominco As Its Friend In Turkey
08/02/07 - Stratex is Progressing Towards a Resource at Inlice

Most Recent Statement

04/07/08 - Approaches 1 Million oz Total Gold Resource
10/06/08 - Appointment of New Non-Executive Director
27/05/08 - Gold mineralisation Discovered at Oksut
29/04/08 - Annual General Meeting Statement
14/04/08 - Shareholders Letter
09/04/08 - Stratex delivers further positive drill results from Altintepe (incl 45.50m @ 3.64g/t Au)