Oriole Regulatory News (ORR)

Stratex International Plc

("Stratex" or "the Company")

Interim Results

Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in Turkey, East Africa and West Africa, announces its unaudited interim results for the six-month period ended 30 June 2013.

Operational highlights

Turkey

· Bahar Madencilik Sinayi ve Ticaret Ltd Sti ("Bahar") now vested at 55% in the Altıntepe project and has confirmed its decision to start production, subject to permits. On receipt of the Forestry Permit, Bahar confirms that construction will commence immediately.

· Initial production target has been identified at three million tonnes averaging 1.34 g/t Au, plus half million tonnes of low-grade material averaging 0.35 g/t Au, over 40 months.

· Lodos Maden Yatırım Sanayii ve Ticaret A.Ş. ("Lodos") now vested at 61% in the Muratdere project following completion of 7,900 metres of diamond drilling and the payment of US$500,000 to Stratex (please see press release dated 30 July 2013 for summary of drilling results).

East Africa

· Stage 2 drilling at Blackrock completed; anomalous gold intersected in every hole; vein continuity variable at depth. Discovery of new Saba Zone with grades of up to 33.70 g/t and 32.9 g/t Au from 50 cm-wide veins.

· New target area identified at Berahale with the potential for porphyry and skarn-style mineralisation.

· Drilling to start in Q4 of this financial year at Megenta as part of the Afar Project.

West Africa

· Initial drilling at Dalafin project completed with encouraging results (please see announcement from 25 July 2013 for summary of results). Stratex now has a 75% interest in the project.

· Work started at new project, North Suehn, in Liberia. Gold-in-soil anomaly >30 ppb Au identified over strike of at least 4.5 km.

Financial Overview

· Post-tax profit of £910,799 compared to the loss for the same period last year of £707,411.

· A gain of £2,083,977 recorded on the sale of the Inlice project.

· A gain of £396,019 on the transfer of 55% stake of the Altıntepe Madencilik project to Bahar.

· Cash balance of £14,992,545 at 30 June 2013, a 112% increase compared to the cash balance of £7,071,447 during the same period of last year.

Chairman's Statement

The first six months of 2013 have seen near paralysis in the market for exploration equity. More and more companies are seeing cash balances run down to dangerous levels and, in spite of rising interest in less traditional funding routes, the outlook shows no real signs of improvement.

Through a combination of foresight, good fortune and an appropriate business model, which has seen cash generated from three projects (Ӧksüt, Inlice and Muratdere), Stratex is finishing the half year with a very healthy cash balance of £15 million.

The Company recorded a post-tax profit of £910,799 compared with a loss of £707,411 in the first half of last year. This included a gain of £2,083,977 on the sale of our 45% interest in Inlice and a book profit of £396,019 resulting from the transfer of 55% of the Altıntepe project to Bahar Mining.

Exploration expenditure was £3 million in the first half of 2013 compared with £2.5 million in the same period in 2012 and £4 million for the full year. This primarily reflects major drill programmes in Senegal and Ethiopia as well as an increasing level of exploration expenditure as we strive to put our funds to good use.

Development of our first producing mine, Altıntepe in Turkey, continues to be delayed by the Forestry Permit process, which is similarly affecting all applicants, whether in mining or other sectors. Our partner, Bahar Mining, who now owns 55% of the project, has obtained environmental approval for the project after a successful public consultation, and remains confident of a six month construction period once the Forestry Permit is granted. The project, which will be fully funded by Bahar to first production, is planned to exploit approximately three million tonnes of oxide material averaging 1.34 g/t Au in the first phase of production over a 40 month period, plus about a half-million tonnes averaging 0.35 g/t Au. Additional resources are expected to be permitted and developed subsequently.

Activity has continued in all three hub regions to varying degrees which have been communicated via a series of regional updates in the past month. In particular, there has been notable success in West Africa with drilling confirming new positive intersection discoveries at three of five targets located within the Dalafin project in Senegal.

Overall, the Board has remained focused on identifying and structuring corporate opportunities that will benefit the Company by accelerating the usual exploration process. Negotiations continue on several fronts, the results of which will be announced when concrete progress is made. I am confident that our business strategy, backed by our financial resources, will enable us to succeed in meeting our objectives over the coming months.

Christopher Hall

Non-Executive Chairman

22 August 2013

Statement of Consolidated Changes in Equity

Notes to the unaudited financial statements

1. Basis of preparation

The condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard 34 'Interim Financial Reporting'. The condensed consolidated interim financial statements should be read in conjunction with the annual financial statements for the year ended 31 December 2012, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union.

2. Financial Information

The interim financial information set out above does not constitute statutory accounts within the meaning of the Companies Act 2006. It has been prepared on a going concern basis in accordance with the recognition and measurement criteria of International Financial Reporting Standards (IFRS) as adopted by the European Union. Except as described below, the accounting policies applied in preparing the interim financial information are consistent with those that have been adopted in the Group's 2012 audited financial statements. Statutory financial statements for the year ended 31 December 2012 were approved by the Board of Directors on 20 March 2013 and delivered to the Registrar of Companies. The report of the auditors on those financial statements was unqualified.

Risks and uncertainties

The key risks that could affect the Group's short and medium term performance and the factors that mitigate those risks have not substantially changed from those set out in the Group's 2012 Annual Report and Financial Statements, a copy of which is available on the Company's website: www.stratexinternational.com . The Group's key financial risk is foreign exchange risk.

Accounting Policies.

Critical accounting estimates and judgements

The preparation of condensed consolidated interim financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the end of the reporting period. Significant items subject to such estimates are set out in note 4 of the Group's 2012 Annual Report and Financial Statements. The nature and amounts of such estimates have not changed significantly during the interim period. The condensed consolidated interim financial statements have been prepared under the historical cost convention as modified by the measurement of certain investments at fair value.

Changes in accounting policy and disclosures.

New and amended standards adopted by the Group:

IAS 1 (Amended), "Presentation of Items of Other Comprehensive Income" became effective during the period. Items in the statement of consolidated comprehensive income that may be reclassified to profit or loss in subsequent periods are now presented separately from items that will not be reclassified to profit or loss in subsequent periods.

IFRS 13, "Fair value measurement" became effective during the period. The standard requires specific disclosures on fair values, some of which replace existing disclosure requirements in IFRS 7, "Financial instruments: Disclosures". The fair values of cash and cash equivalents, trade and other receivables and trade and other payables approximate to their book values due to the short maturity periods of these financial instruments.

The financial information for the 6 months ended 30 June 2013 and the 6 months ended 30 June 2012 has not been audited.

3. Operating Segments

Operating segments are reported in a manner which is consistent with internal reports provided to the Board and are used by the Directors to make strategic decisions. The management structure reflects these segments. The Company's exploration operations are based in three geographical areas, namely Turkey, East Africa and West Africa. The Group's head office is located in the UK and provides corporate and support services to the Group and researches new areas of exploration opportunities.

The allocation of losses, assets and liabilities by operating segment is as follows:

Other assets include cash and cash equivalents amounting to £14,992,545 at 30 June 2013, (2012: £7,071,447).

4. Sale of subsidiary company:

On 30 January 2013, Bahar Madencilik Sanayi ve Ticaret Ltd Sti exercised their right to acquire 55% of Altintepe Sanayi ve Ticaret AS having completed their commitments under the Heads of Agreement dated 1 December 2011. This resulted in a net gain to the Group of £396,019.

5. Sale of associate company:

Following the strategic decision by JV partner NTF İnşaat Ticaret Limited Şirketi ("NTF") not to proceed with the development of the Inlice project, terms were agreed with a third party on 6 March 2013 for the sale of the licence for US$10 million. Stratex's share before taxes is US$4.5 million. This resulted in a gain on disposal of £2,083,977.

6. Related party transactions

Directors of the Company received total remuneration of £292,050 for the six months ended 30 June 2013 (six months ended 30 June 2012 - £265,041).

7.  Profit per share

The calculation of profit per share is based on the profit attributable to equity holders of the Company of £910,799 for the period ended 30 June 2013 (30 June 2012: £692,468 loss) and the weighted average number of shares in issue in the period ended 30 June 2013 of 467,311,276 (30 June 2011: 407,192,727). There is no difference between the diluted loss per share and the loss per share shown.

8. Approval of interim financial statements

The interim financial statements were approved by the Board of Directors on 20 August 2013.

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For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:

Notes to editors:

Stratex International is a well-funded AIM-quoted exploration and development company focussed on gold and high-value base metals in Turkey, East Africa and West Africa.Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.

In December 2012 the Company announced the sale of its 30% interest in the Öksüt gold project for cash of 20 times its original US$1 million investment and retained a royalty of 1% up to a maximum additional value of US$20 million.

It currently has a substantial portfolio of projects, with Altıntepe in Turkey scheduled for gold production in late 2013 or early 2014. To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company has a robust cash balance and is therefore well-placed to advance its existing exploration programmes. Stratex is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources, particularly in East Africa and West Africa.