The Board of Directors of Stratex Oil & Gas Holdings, Inc. accepted the resignation of Joseph P. Tate, as a member of the board of directors of the company, effective September 18, 2015. Mr. Tate has resigned due other business obligations in Milwaukee and Jacksonville so that he can pursue these business opportunities. Effective September 23, 2015 the board of directors of the company accepted the resignation of John J. McFadden as a member of the board of directors of the company.

Mr. McFadden is recuperating from medical conditions and will utilize this time to fully recoup.