DEVELOP GLOBAL LIMITED — Capital/Financing Update 2008

Mar 18, 2008

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ABN 28 122 180 205 www.juttholdings.com

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ASX ANNOUNCEMENT (ASX Code: JUT)

19 March 2008

MASSIVE SULPHIDES CONFIRMED

Liberty Indee Project - Highlights

• 19 metres (87-106m) drill width of massive sulphide zone.

• Mineralisation over a 300m strike.

• Visible sulphides in a majority of drill holes.

• Sulphides extension beyond 100m confirmed.

• On target for JORC resource statement.

• Drilling program at Liberty Indee project completed.

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Figure 1 - Massive sulphides recovered at Evelyn RC drill Hole - JER20

The Directors of Jutt Holdings Limited (JUT) are pleased to announce that the second phase drilling program at the Evelyn Prospect, Liberty Indee project announced earlier this year has been completed.

Samples from drill hole JER 20 have been submitted to Ultratrace Laboratories Pty Ltd which includes a 19 metres drill width (9.5 metre true width) representing a volcanogenic massive sulphide zone located at depth (87-106 metres). The Board is excited with the results to date and

encouraged by visible sulphides recovered from a majority of drill holes.

A total of 1766 metres of reverse circulation (RC) drilling were completed for 12 drill holes at an average depth of 147 metres.

A JORC Code resource is one of the objectives of this phase of drilling. The drilling has confirmed that the sulphides extend beyond 100 metres in depth and has also confirmed the extension of the strike to at least 300 metres.

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Figure 2 - Location Map of Jutt Holdings Limited WA Projects

Jutt Holdings Managing Director, Mr Ayaz Khan said:

“We are extremely encouraged by the results of our drilling program to date. To see massive sulphides and similarity to our previous high grade results is truly exciting. We are on target with getting a JORC resource on our Liberty Indee Evelyn prospect and as soon as we get the full assay results, we are confident in moving to the next level.”

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Figure 3 – Massive Sulphides - RC drill cuttings from JER20

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About Jutt Holdings

Jutt Holdings Limited (ASX: JUT) is an Australian listed resources exploration company, focused on several base and precious metals exploration projects in Western Australia.

Jutt Holdings has the rights to acquire major participating interests in three projects. Two projects occur in the Pilbara region of Western Australia, the Onslow and LibertyIndee Projects and the Tay Munglinup Project in the south west Ravensthorpe region.

The Onslow Project consists of two granted Mining Leases over two prospects, being the Range lead-silver prospect and the Turtle copper-lead-silver prospect. The Company is currently drilling on its Onslow project.

The Liberty-Indee Project consists of two granted exploration licences. A target generation study has identified eight highly ranked VTEM targets and other targets prospective for copper, lead, zinc, nickel and gold mineralisation with JORC resource drilling on its Evelyn Prospect in 2007 & 2008. High grades of up to 20% copper and 13% zinc have been recovered. A 300 metre strike of Cu-Zn-Pb-Au-Ag mineralisation has been interpreted to date and remains open.

Magnetic BIF (banded iron formation) has also been identified at the company’s neighbouring Copper Mine Range prospect which is a 10 kilometre strike length of sediments.

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The information in this announcement that relates to exploration results is based on information compiled by Jutt Holdings Limited and is based on information provided by Mr Cyril Leslie Geach BSc (Hons-Geology) who is a member of the Australian Institute of Geoscientists. Mr Geach has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Geach is an Executive Officer of Jutt Holdings Limited and consents to the inclusion in the announcement of the matters based on his information in the form and content in which it appears