Oriole Regulatory News (ORR)

Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

Stratex International Plc

('Stratex' or 'the Company')

Issue of Share Options to the Directors

The Board of Directors ('the Board') of Stratex International Plc, the AIM-quoted exploration and development company currently focused on gold and base metal opportunities in Turkey and Africa, announces it has issued the following share options to its Directors as part of the Company's Enterprise Management Incentive ('EMI') Scheme.

The Remuneration Committee has carried out its regular review of management remuneration, which it concludes remains well below that of many of its peers. However, the recommendation is that no salary increases will be awarded to help maintain a favourable balance between overheads and operational costs and conserve cash.

In view of the achievements of the year, which include the important restructuring of Thani Stratex Resources, concluding an influential investment in GoldStone Resources, and further progress towards outlining our Dalafin gold discovery in Senegal, and in order to maintain a high level of incentive, the following share options were issued on 5th December 2014 with an exercise price of 2.72p per share, being the closing price on that day, and will vest over three years:

Christopher Hall 750,000

Dr Robert Foster 1,125,000

Perry Ashwood 1,025,000

John Cole-Baker 750,000

Peter Addison 750,000

In addition, 1,500,000 share options have been awarded to Emma Priestley on her appointment to the Board. These will vest over three years at an exercise price of 2.72p per share.

All the above options have been issued under the Company's EMI Share Option Scheme. The Company's Unapproved Share Options scheme has now been closed for UK resident employees and the share options previously issued to Dr Robert Foster and Perry Ashwood under this Scheme and not yet exercised have been cancelled. These amounted to 1,332,027 and 1,056,290 respectively.

The total unexercised share options now awarded to the Directors under the EMI scheme is as follow:

Christopher Hall 3,000,000

Dr Robert Foster 5,003,577

Perry Ashwood 4,723,567

John Cole-Baker 750,000

Emma Priestley 1,500,000

Peter Addison 3,000,000

No share options are held by the Directors under the Unapproved Share Option Scheme.

The total number of share options outstanding at 8th December is 22,797,144.

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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.

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 and 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.