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Company Stratex International PLC

TIDM STI Headline Com pletion of s ale of Öks üt gold project Released 07:00 24-Jan-2013 Number 2472W07

RNS Number : 2472W Stratex International PLC

24 January 2013

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

Stratex International Plc

("Stratex" or the "Company")

Final completion of s ale of Stratex's interes t in Öks üt gold project and receipt of US$20million cas h

Stratex International Plc, the AIM-quoted exploration and development company focus ed on gold and bas e metals in Turkey, Eas t Africa and Wes t Africa, is pleas ed to announce that further to the announcement of 12 December 2012, the s ale of its 30% s take in the Öks üt gold project ('the Project') to Centerra Exploration B.V. ('Centerra'), is now fully completed and the cas h proceeds of US$20 million have been received.
Completion of the trans action was conditional on the convers ion of s ix exploration licences to two operation licences and other cus tomary conditions . The two operation licences were received on January 16, 2013. Centerra is now the s ole owner of the Öks üt Gold Project and has as s umed operators hip and day to day management of the project.
As part of the offer, Stratex is entitled to receive up to a further US$20 million payable through a 1% Net Smelter
Return ("NSR") royalty over the Öks üt Gold Project upon the commencement of production.

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For further information pleas e vis it www.s tratexinternational.com, email info@s tratexplc.com, or contact:

Stratex International Plc Tel: +44 (0)20 7830 9650

Bob Fos ter / Claire Bay

Grant Thornton Corporate Finance Tel: +44 (0)20 7383 5100

Gerry Beaney / Melanie Frean / Jen Clarke

Northland Capital Partners Limited Tel: +44 (0)20 7796 8800

Gavin Burnell / Tim Metcalfe
John-Henry Wicks / John Howes (Sales )

Newgate Threadneedle Tel: +44 (0)20 7653 9850

Beth Harris / Jos h Roys ton

Notes to editors :

Stratex International is an AIM-quoted exploration and development company focus s ed on gold and high-value bas e metals in Turkey, Eas t Africa and Wes t Africa. Since lis ting on AIM in 2006, Stratex has had an impres s ive track record of s ucces s ful exploration s upported by joint-venture partners hips , both with major international mining companies and local companies to maximis e the potential of its dis coveries . It has recently s old its 30% interes t in the Öks üt gold project for cas h of 20 times its original US$1 million inves tment and retained a royalty of 1% up to a maximum additional value of US$20 million.
It currently has a s ubs tantial portfolio of projects , with Alt