Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining 7 June 2010 Stratex International Plc (Stratex or the Company) Extends Megenta Hot Spring Gold System in Ethiopia Stratex, the AIM quoted company focussed on gold and base metals with exploration and development targets in Turkey and grassroots projects in Ethiopia, is pleased to announce further positive results from detailed sampling of its Megenta hot spring gold prospect (Megenta) in Ethiopia, which lies within the prospective East African Rift Valley where the Company holds a 2,245 sq km land position. Overview � Detailed sampling continues to demonstrate the potential of Megenta as a significant gold system � Widespread gold mineralisation over a 5,000 m by 500 m area � Surface sample with 16.75 g/t of gold (Au) indicates potential for near-surface high-grade mineralisation � Best channel of 2.29 g/t Au over 2.46 m � Broad one-square-kilometre Gazelle Zone south of Awash river identified as priority target Stratexs Executive Chairman David Hall said, "These results continue to demonstrate the potential for a significant gold system at Megenta and the exciting opportunity that exists within the large land area that Stratex controls in the East African Rift Valley.

A peak value of 16.75 g/t Au, from a half-metre wide zone exposed at the surface, highlights the presence of significant gold mineralisation at the very top of the system.

Looking ahead, we plan to conduct further detailed surface work at Megenta and a complete evaluation of the results to develop a drilling programme, which in turn will further define the economic potential of the project." Detailed Information Stratex has undertaken detailed geological and structural mapping, along with channel-chip rock sampling at its wholly-owned Megenta hot spring gold discovery.

Following on from initial results from samples taken north of the Awash River, reported on 24 May 2010, further sampling results are now available for the large area of silicification south of the Awash River. The sampling focussed on silica structures, specifically on zones containing chalcedonic ribs and veinlets, which potentially indicate the top of a broad coalesced vein-set at depth.

A higher-grade zone, the Hyena Zone, yielded a highest surface value of 16.75 g/t Au (with 8.8 g/t Ag) from a prominent 0.5 m-wide silica rib.

The Hyena Zone appears to be related to intersecting structures defining an area of maximum dilation and hence fluid circulation, which is a common gold foci within epithermal systems.

Further detailed mapping will be undertaken to test this concept prior to defining drill sites for testing this major new low sulphidation discovery. An additional lower-grade zone, the 500 m-long Gazelle Zone, is located 500 m to the north-east of the Hyena Zone and also contains significant values including 2.46 m grading 2.29 g/t Au. Of the total 817 samples collected to date, over a total sampling area of 5,000 m by 500 m, only 20 (2.4%) returned non-detectable gold (<0.005 g/t Au), 253 (31%) returned equal or greater than 0.1 g/t Au, with further 54 (6.6%) returning equal or greater than 0.5 g/t Au. The directors believe that similarities exist between the mineralisation found at the sites of the Midas, Hycroft and Wind Mountain mines located in the Great Basin in Nevada and the mineralisation being identified by Stratex in the East African Rift Valley.

Common to all project areas is the strong structural control on mineralisation, proximity to hot-spring activity, and a typical geochemical association of gold with arsenic, mercury and antimony.

Furthermore, fluid boiling textures associated with white banded chalcedony, akin to those of Midas have been observed at Megenta.

These are key indicators of potential high-grade gold and silver precipitation. The low-sulphidation deposits of Nevada are reasonably distinct but share many common attributes to the Megenta discovery in the East African Rift Valley.

A key feature of the Nevada deposits is their tendency to cluster along key controlling structures.

With a greater level of understanding of the Megenta structural framework the directors believe that there is potential for further discoveries in the East Africa Rift Region. Sampling, assaying, and QA/QC Stratexs sampling of outcropping rocks conforms to industry-wide good practice, with chain of custody being observed for all samples.

Analysis is undertaken by ALS Chemex at its laboratories in Johannesburg, South Africa and the Company maintains QA/QC on all analytical work via the use of certified reference materials, field duplicates, and blank samples in addition to monitoring of internal laboratory check-analyses. For more information on the Megenta project, please visit: http://www.stratexinternational.com/operations/afarrift.asp Executive Chairman David J.

Hall, Fellow SEG and EuroGeol is a Competent Person as defined by various international instruments and takes responsibility for the release of this information. * * ENDS * * For further information please visit www.stratexinternational.com, email , or contact: David Hall Stratex International Plc Tel: +44 (0) 20 7830 9650 Bob Foster Stratex International Plc Tel: +44 (0) 20 7830 9650 Claire Palmer Stratex International Plc Tel: +44 (0) 20 7830 9650 Tim Metcalfe Westhouse Securities Limited Tel: +44 (0) 20 7601 6100 Martin Davison Westhouse Securities Limited Tel: +44 (0) 20 7601 6100 Jason Bahnsen Fox Davies Capital Tel +44 (0) 20 7936 5230 Felicity Edwards St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Elisabeth Cowell St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177
Notes to editors: Stratex International Plc is an AIM-quoted exploration and development company focussing on gold and base metal opportunities in Turkey, northern Ethiopia and the Rift Valley of eastern Ethiopia. Stratex has a two-prong strategy: firstly it is moving to production through its partnership with NTF, with initial production targeted at Inlice by end 2011 and at Alt�ntepe by end 2012/early 2013; and secondly to discover and develop new projects by focussed low-cost exploration, adding maximum value prior to optioning/joint venturing or selling on to a dedicated mining company, including NS Madencilik. Turkey * Total resources stand at 1.17 million oz of gold (combined oxide and sulphide gold) and approximately 3.2 million oz of silver * Partnership with NTF, a technically capable and well-financed Turkish company, to rapidly develop the 542,318 oz oxide resources present at the Inlice and Alt�ntepe projects * An option/joint venture agreement with Centerra Exploration B.V., a wholly owned subsidiary of Centerra Gold Inc., to explore and develop the �ks�t project, a high-sulphidation gold discovery located in Central Anatolia * An option/joint venture agreement over the Hasancelebi project, a high-sulphidation gold project in central Turkey with Teck Madencilik Sanayi Ticaret A.S., a Turkish subsidiary of Teck Resources Limited of Canada, a major shareholder in Stratex. Ethiopia * 5.45% shareholding in PLUS-quoted exploration company Sheba Exploration (UK) plc (Sheba) * A joint venture with Sheba to (i) earn-in to an initial 60% of the prospective 37 sq km Shehagne gold project in Ethiopia, and (ii) explore targets in northern Ethiopia on a 70:30 joint venture basis * 2,245 sq km land position over new epithermal gold discovery and multiple related gold targets in the Afar Rift region of eastern Ethiopia
Felicity Edwards St Brides Media and Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY Tel: +44 (0) 207 236 1177 Mob: +44 (0) 7748 843871 Fax: +44 (0) 207 236 1188 Email: Web: www.stbridesmedia.co.uk