ASX RELEASE 11 Sep 2017 Update - Stratex International plc

Crusader Resources Limited (ASX: CAS) (Crusader) advises that Stratex International plc (Stratex) has released the attached announcement on AIM, regarding a request for a shareholder meeting. Stratex stated in its announcement that it is advised that the request is currently invalid.

Crusader will keep the market updated on this matter in due course.

For further information, please contact:

Mr. Rob Smakman Mr. Paul Stephen

Managing Director, Brazil Executive Director, Australia

Office (Brazil): +55 31 2515 0740 Office (Aus): +61 8 9320 7500

Email: rob@crusaderdobrasil.com Email: paul@crusaderresources.com

About Crusader

Crusader Resources Limited (ASX:CAS) is a minerals exploration and mining company listed on the Australian Securities Exchange. Its major focus is Brazil; a country Crusader believes is vastly underexplored and which offers high potential for the discovery of world class mineral deposits.

Crusader has three key assets:

Juruena Gold

The Juruena Gold Project is located in the highly prospective Juruena‐Alta Floresta Gold Belt, which stretches east‐west for >400km and has historically produced more than 7Moz of gold from 40 known gold deposits.

The Juruena Project has been worked extensively by artisanal miners (garimpeiros) since the 1980s, producing ~500koz in that time. Historically there is a database of more than 30,000 meters of drilling and extensive geological data.

Borborema Gold

The Borborema Gold Project is in the Seridó area of the Borborema province in north‐eastern Brazil. It is 100% owned by Crusader and consists of three mining leases covering a total area of 29 km² including freehold title over the main prospect area.

The Borborema Gold Project benefits from a favourable taxation regime, existing on‐site facilities and excellent infrastructure such as buildings, grid power, water, sealed roads and is close to major cities and regional centres. The project's includes Proven and Probable Ore Reserves of 1.61Moz of mineable gold from 42.4Mt @ 1.18g/t (0.4 & 0.5g/t cut‐offs for oxide & fresh).

The measured, indicated and inferred Mineral Resource Estimate of 2.43Moz @ 1.10g/t gold, remains open in all directions.

Competent Person Statement

The information in this announcement that relates to the Mineral Resource estimate for the Borborema Gold project was first reported in accordance with ASX Listing Rule 5.8 on 24 July 2017. Crusader confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 24 July 2017 and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply and have not materially changed.

The information in this announcement that relates to the Ore Reserve estimate for the Borborema Gold Project was first reported in accordance with ASX Listing Rule 5.9 on 24 July 2017. Crusader confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 24 July 2017 and that all material assumptions and technical parameters underpinning the Ore Reserve estimate continue to apply and have not materially changed.

The information in this announcement that relates to the Mineral Resource estimate for the Juruena Gold project was first reported in accordance with ASX Listing Rule 5.8 on 22 December 2016. Crusader confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 22 December 2016 and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply and have not materially changed.

RNS Number : 1716Q Stratex International PLC 08 September 2017

Stratex International Plc ("Stratex" or the "Company") Shareholder Requisition

Stratex, the AIM-quoted gold and exploration company, announces that it has received a

communication from a group of shareholders requesting the Company to convene a General Meeting to be held for the purpose of considering resolutions to make certain changes to the board and to require the Company to terminate the proposed acquisition of Crusader Resources Limited.

The Board of the Company is advised that the request is currently invalid and will make a further announcement in due course. Shareholders are advised to take no action at this time.

* * ENDS * *

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

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

Stratex International Plc Tel: +44 (0)20 7830 9650 Marcus Engelbrecht / Claire Bay Grant Thornton UK LLP Tel: +44 (0)20 7383 5100 Samantha Harrison / Daniel Bush Hannam & Partners Tel: +44 (0)20 7907 8500 Neil Passmore/ Andrew Chubb Camarco Tel: +44 (0)20 3757 4980

Gordon Poole / Nick Hennis / Monique Perks

This information is provided by RNS

The company news service from the London Stock Exchange

END

Crusader Resources Limited published this content on 11 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 September 2017 10:48:04 UTC.

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