Goldstone Ghana Exploration Update

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

Stratex International Plc

('Stratex' or 'the Company')

Goldstone Ghana Exploration Update

Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in West Africa and Turkey, where it holds a significant interest in a producing gold mine, is pleased to report that Goldstone Resources Limited ('Goldstone'; AIM: GRL), in which it holds a 33.45% interest, has today announced an exploration update for its Homase/Akrokerri project in Ghana.

Goldstone's exploration update details results of a recent drilling programme comprising 3,000 metres of auger and some 1,500 metres of Reverse Circulation ('RC') drilling of the AK02 prospect, located immediately south-west and along-strike of the Homase/Akrokerri deposit and within the Akrokerri licence.

Highlights of Goldstone's drilling programme results

· RC drilling of a 750 metre-long gold-enriched saprolite zone identified within the AK02 prospect by the 2015 auger drilling programme confirmed mineralisation at depth and returned significant intersections of 14 metres @ 1.18 g/t gold ('Au') and 8 metres @ 1.88 g/t Au;· A 120 hole infill auger programme defined a new 1,250 metre x 350 metre zone of gold enrichment in saprolite located approximately 100-200 metres east of the 2015 auger anomaly;· Geological interpretation of the 2016 auger and RC drilling indicates that the complex structural zone between Homase and AngloGold Ashanti's Obuasi Mine is prospective and that the south-western extension of the main Homase mineralised zone has been offset 200 metres eastward by faulting;· RC drilling of the southern part of the previously identified Homase-Akrokerri resource zone confirmed continuity of the zone but with limited potential for identifying additional oxide resource;· Diamond drilling, targeting vertical depths of 200-300 metres, commenced to evaluate high-grade ore shoots beneath the known Homase oxide resource.

The full text of the announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.

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

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For further information please visit www.stratexinternational.com, email[email protected], or contact:

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

Notes to Editors:

Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns a 45% share of the Altıntepe gold mine in Turkey. It also owns 30% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal. With its experienced management team, the Company is well-placed to advance its existing exploration programmes and is actively seeking to acquire near or at production assets and advanced exploration projects.