Straits

13 December 2012 ASX/MEDIA RELEASE

STRAITS RESOURCES LIMITED (ASX: SRQ)

STRAITS CONSOLIDATES SOUTH AUSTRALIAN EXPLORATION FOOTPRINT

Straits is pleased to announce that it has entered an agreement with joint venture partner UXA Resources Limited (ASX: UXA) for the acquisition of the Stuart Shelf Joint Venture tenements. This transaction is a step forward in providing a clean Copper business to assist with the separation of the Copper and Gold Assets, being one of the Company's 5 key corporate objectives.

Key Objective