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Released 17:44 14-May-2012
Number 3203D17

Stratex International Plc

("Stratex" or "The Company") 

Result of AGM

Stratex International Plc, the AIM-quoted exploration and development company focussed on gold and base metals in Turkey, East Africa and West Africa, held its AGM at 3pm today and all resolutions were duly passed.

The presentation is available at the Company's web site www.stratexinternational.com.

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For further information please visit www.stratexinternational.com, email [email protected], 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 Q1 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. As at end-April 2013, the Company has a cash balance of approximately £17 million and is therefore well-placed to advance its existing exploration programmes and is also seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources.