Ann: Consolidation and Placement Tranche 1 Completed, page-2

Consolidation of the common shares of Strata-X Energy (SXA) (TSX-V:SXE) has been completed. The Consolidation was completed in order to ensure compliance with TSX Venture Exchange capital raising requirements to undertake a private placement to sophisticated investors of 27.1 million CDIs at A$0.05 per CDI for gross proceeds of A$1,355,000. Strata-X has closed the first tranche of the Placement concurrent with the Consolidation. The first tranche of the financing consisted of 10,900,000 CDIs to raise A$545,000 at a price of A$0.05 per CDI.

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