Stratex International plc announced an independent mineral resource assessment prepared in accordance with the guidelines of the JORC Code (2004) of 317,256 oz gold, in the Indicated and Inferred classifications, at the Company‟s Öksüt high sulphidation gold project in Turkey.

Highlights

• Total resource of 317,256 oz Au in two of six zones identified at Öksüt
• Resource represents a 115% increase in previously reported in-house resource estimate of 147,814 oz Au - resource remains open-ended along strike and at depth
• 241,440 oz Au represents oxide material likely to be suitable for open-pit mining and heap-leach recovery
• Ortaçam Zone - oxide resource comprises 221,807 oz oxide Au at an average grade of 1.02 g/t Au.
• Preliminary resource of 19,600 oz Au for Ortaçam North Zone highlights the potential of the 500m intervening area between this and the main Ortaçam Zone
• JV partner Centerra has committed to funding geophysical surveys between the Ortaçam and Ortaçam North Zones to commence Q2 2011, subject to weather conditions, followed by a 4,600m diamond drilling campaign during 2011
• Additional targets with outcropping gold mineralisation assaying 0.2-0.3 g/t Au also remain to be drill-tested to the north of Ortaçam North Zone and south-west of Ortaçam Zone

Stratex CEO Bob Foster said, “The release of this latest JORC-compliant resource provides a significant uplift for the project but is only another step in our exploration and evaluation of this complex multi-prospect high-sulphidation gold system. We share the view of our JV partner Centerra that the full potential at Öksüt is yet to be realised and we now look forward to stepping out the drilling from the main Ortaçam Zone in the south and investigating the Ortaçam North Zone, 500m north of Ortaçam, where early drilling has confirmed the presence of gold in breccia pipes and in selectively mineralised volcanic units. Geophysical surveys will also be used to assist our drill-targeting of the extensive area between Ortaçam North and Ortaçam, which is clearly now a major focus for further exploration. The potential also remains for the discovery of an underlying porphyry copper-gold system and our exploration and drilling programme will continue to probe for this exciting target.”

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