DEVELOP GLOBAL LIMITED — Capital/Financing Update 2009

Jul 5, 2009

ASX Announcement ASX Code: VXR

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6 July 2009

High Grade Copper-Zinc-Silver-Gold Intersections at Liberty-Indee Project, Pilbara, Western Australia

Including:

20m @ 3.43% Cu, 6.47% Zn, 65g/t Ag, 1.73g/t Au 17m @ 4.16% Cu, 8.7% Zn, 66g/t Ag, 1.03g/t Au 15m @ 2.37% Cu, 3.75% Zn, 45g/t Ag, 0.84g/t Au

For further details:

Dr Tim Sugden Managing Director T: +61 8 6424 9188 M: +61 407 085 032 E: tim.sugden@venturexresources.com

Board

Allan Trench Non-Executive Chairman

Tim Sugden Managing Director Michael Mulroney Non-Executive Director

Anthony Reilly Executive Director Liza Carpene Company Secretary

Venturex is pleased to report assays of massive sulphides intersected at the Evelyn Prospect, Liberty-Indee Project (70% Venturex), located in the Pilbara Region of Western Australia. As reported on 9 June 2009, RC drilling intersected a new lens of massive sulphide mineralisation with visible chalcopyrite and sphalerite. The assays summarised below have confirmed the high grade character of the lens.

		Az	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection
Hole	Dip		From	To	Width	ETW*	Cu %	Zn %	Pb %	Ag g/t	Au g/t	Cu % eq#	Ref
JER042	-60	130	147	150	3	2.4	0.96	7.45	0.63	33.30	0.19	3.87	1
			183	186	3	2.4	0.32	1.42	0.09	10.00	0.04	0.89	2
JER044	-60	130	61	81	20	16.0	3.43	6.47	0.38	65.00	1.73	7.17	3
JER046	-60	130	37	54	17	13.0	4.16	8.70	0.56	66.50	1.03	8.23	4
JER047	-60	130	78	93	15	12.0	2.37	3.75	0.28	45.00	0.84	4.52	5
			78	81	3	2.4	3.95	9.05	0.53	62.00	1.72	8.50	6
			86	93	7	5.6	3.30	3.75	0.26	63.50	1.04	5.73	7
Average weighted grade of intercepts 3, 4, 6, 7							3.71	7.04	0.43	65.00	1.37	7.42

• ETW = Estimated True Width

Cu % eq = value of all metals expressed at copper only (metal prices as at 3 July, 2009)

Contact Details

Registered Office: Level 1 35 Richardson Street West Perth WA 6005 T: +61 8 6424 9188 F: +61 8 9463 7836

E: admin@venturexresources.com W: www.venturexresources.com

ABN: 28 122 180 205

The drilling has confirmed a high grade lens of mineralisation at least 240 metres in strike length with a true width of up to 16 metres. As indicated on the diagram below, the massive sulphide lens is interpreted to plunge to the north and is open at depth. Grades within the massive sulphide zones are highly consistent with an average weighted grade of 3.71% Cu, 7.04% Zn, 65g/t Ag and 1.37g/t Au (equivalent to 7.42% Cu).

In combination with the previously identified massive sulphide lens to the north, the total strike length of economically significant mineralisation is now approximately 400 metres. All mineralisation intersected to date is located within 130 metres of surface and likely to be amenable to open pit mining.

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High Grade Copper-Zinc-Silver-Gold Intersections at at Liberty-Indee Base Metals Project

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Long section of the Evelyn prospect looking west.

The next phase of drilling, expected to commence in August 2009, will focus on depth extensions of known lenses, exploration for additional lenses (particularly south of JER042), and untested gossans, workings and VTEM anomalies located on the interpreted VMS horizon.

TIM SUGDEN Managing Director

The information in this report, as it relates to Exploration Results, is based on information compiled and/or reviewed by Dr Tim Sugden PhD, BSc (Hons), who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Sugden is Managing Director of Venturex Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Sugden consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

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High Grade Copper-Zinc-Silver-Gold Intersections at at Liberty-Indee Base Metals Project

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BACKGROUND

The Liberty-Indee Project is located 50km south of Whim Creek in the Pilbara region of Western Australia. A regional mapping program has identified that the mineralisation located at Evelyn is part of a bi-modal volcanic sequence similar in character to many classic volcanic-associated massive sulphide (VMS) settings. The prospective VMS-host stratigraphy has now been traced over 12 strike kilometres and several mapped gossans and VTEM anomalies have been identified along its length.

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EVELYN
Cross Section
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