DEVELOP GLOBAL LIMITED — Board/Management Information 2015

Jun 30, 2015

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----- Start of picture text ----- ASX AnnouncementASX Code: VXRReleased: 1 July 2015For further detailsJohn NitschkeNon-executive DirectorT: +61 8 6389 7400john.nitschke@venturexresources.comBoardTony KiernanChairmanJohn NitschkeNon-Executive DirectorAnthony ReillyNon-Executive DirectorDarren StralowNon-Executive DirectorTrevor HartCompany SecretaryContact DetailsRegistered OfficeLevel 291 Havelock StreetWest Perth WA 6005T: +61 8 6389 7400F: +61 8 9463 7836admin@venturexresources.comwww.venturexresources.comABN: 28 122 180 205----- End of picture text -----

NON EXECUTIVE DIRECTORS APPOINTED

Venturex Resources Limited (ASX: VXR) (Venturex) is pleased to announce the appointment to Board of Venturex of Messrs Anthony Reilly and Darren Stralow as Non-Executive Directors.

Mr. Reilly is a significant shareholder of Venturex and had previously been a director of Venturex. He has over 20 year’s investment banking experience including financial markets, financial risk management and corporate finance. He worked in investment banking in London for over 10 years, and his clients have included a number of global corporations and fund managers based in Australia, the UK and Europe. Since leaving banking he has had 8 years working in the junior resources sector. Anthony was a founding Director of a private Brazil incorporated gold exploration company and he has also served as an Executive Director of several other ASX listed resources.

Mr. Stralow is the General Manager - Business Development for Norther Star Resources Ltd, who are a substantial shareholder of Venturex. Darren is a mining engineer with over 15 years’ experience in the resources industry. During his career, he has held various roles in both operations and corporate mining environments, focusing on operational effectiveness, mine management and business development. After starting his career in the WA goldfields, he has held senior roles with Intrepid Mines Limited and Northern Star Resources Limited. Darren has a Bachelor of Engineering (Mining) from the Western Australian School of Mines and a WA First Class Mine Manager’s Certificate. He is also a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a graduate of the Australian Institute of Company Directors.

The Board also wishes to advise that Non-Executive Director, Mr. Ray Parry, has elected to step down from his position in order to pursue other opportunities.

Chairman, Tony Kiernan said, “The Board appreciates Ray’s considerable efforts over the last few years and we wish him every success in his future endeavours. He leaves with our best wishes and gratitude.

Anthony and Darren bring considerable expertise to the Board and will make valuable contributions.

The Company advises that following the termination of the proposed sale to Orion Mining Finance, the Board is considering various options to optimize the value of the Company’s Pilbara Copper Zinc Project including revisiting various aspects of the feasibility study completed in December 2012.

TONY KIERNAN Chairman

For further information, please contact:

John Nitschke / Trevor Hart -- Venturex Resources Limited on +61 8 6389 7400

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an exploration and development company with a significant portfolio of base metal projects in the Western Pilbara. Venturex owns or controls significant resources of copper, zinc, lead, silver and gold at Sulphur Springs, Kangaroo Caves, Whim Creek, Mons Cupri, Salt Creek and Liberty‐Indee. The Company is committed to a strategy of consolidating VMS projects in the Western Pilbara and developing a centralised processing hub at Sulphur Springs.

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