DEVELOP GLOBAL LIMITED — Capital/Financing Update 2009

Apr 13, 2009

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ASX ANNOUNCEMENT ASX Code: VXR

14 April 2009

Company Announcement Office ASX Limited Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir

SECOND PARTIAL SHORTFALL PLACEMENT

Venturex Resources Limited wishes to advise that it has made a second partial placement of Shortfall Shares resulting from the pro-rata non-renounceable Entitlement Issue Prospectus dated 16 December 2008 and the Supplementary Prospectus dated 9 April 2009.

16,500,000 shares of the Shortfall have been placed on the same terms as the offer, raising a further $165,000. Total funds raised to date from the Entitlement Issue and Shortfall is now $610,096.17.

PLACEMENT

On 9 April 2009, Venturex announced its intention to make a placement to a number of sophisticated investors. The Company has now issued 16,500,000 ordinary shares at an issue price of 3 cents to raise a further $495,000.

The funds raised from the placement ($495,000), together with the additional funds raised from the second partial placement of shares issued under the Shortfall Offer in the Prospectus ($165,000) will be used for:

• ongoing exploration on its Australian assets;

• facilitation of a loan to CMG Limited as outlined in the Company’s announcement to ASX on 3 April 2009;

• various costs associated with the takeover of CMG Limited; and

• general working capital.

An Appendix 3B covering the issue of Shortfall and Placement shares is attached.

Yours faithfully

TIM SUGDEN Managing Director

Registered & Principal Office

Level 1, 35 Richardson Street, West Perth WA 6005 PO Box 863, West Perth WA 6872

ABN 28 122 180 205 Tel: +61 8 6424 9188 www.venturexresources.com Fax: +61 8 9463 7836 E: admin@venturexresources.com

S:\New Structure\CS\ASX Announcements\Released\Issue Of Shortfall And Placement 14-4-09.Doc

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Venturex Resources Limited (ASX Code: VXR)

ABN

28 122 180 205

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to be issued Ordinary Shares (VXR) 2 Number of[+] securities issued or to be issued a) 16,500,000 (if known) or maximum number which may b) 16,500,000 be issued

• 3 Principal terms of the[+] securities (eg, if Parri passu with existing ordinary shares options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)

• 4 Do the +securities rank equally in all Yes respects from the date of allotment with an existing +class of quoted +securities?

If the additional securities do not rank equally, please state:

• the date from which they do

• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 1

Appendix 3B New issue announcement

• 5 Issue price or consideration

a) $0.01 per share b) $0.03 per share

• 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)

• a) Part of Shortfall placement following 1:1 nonrenounceable rights issue (Entitlement Issue Prospectus dated 16/12/08 and Supplementary Prospected dated 9/4/09).

• b) Placement to sophisticated investors.

Funds raised will be used for ongoing exploration on its Australian assets, facilitation of a loan to CMG Limited as outlined in the Company’s announcement to ASX on 3 April 2009, various costs associated with the takeover of CMG Limited; and general working capital.

• 7 Dates of entering +securities into 14 April 2009 uncertificated holdings or despatch of certificates

• 8 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 2 & 38 if applicable)

Code	Ordinary Shares	Options	Exercise Price	Expiry Date
JUT	185,482,864
JUTO		38,634,237	$0.20	31/07/2009
JUTOA		18,280,099	$0.10	15/06/2009
Total Listed	185,482,864	56,914,336

• 9 Number and[+] class of all[+] securities not quoted on ASX ( including the securities in clause 2, not including the securities in clause 38, if applicable)

Code	Ordinary Shares	Options	Exercise Price	Expiry Date	Escrow Release
JUTAB	-	1,457,148	$0.20	22/04/2011	-
JUTAC	-	650,000	$0.20	30/11/2010	-
JUTAI	11,063,817	-	-	-	27/04/2009
JUTAD	-	1,500,000	$0.25	30/06/2009	-
JUTAK	-	1,500,000	$0.15	28/05/2011	-
JUTAO	-	21,000,000	$0.10	12/1/2012	-
Total Unlisted	11,063,817	26,107,148

• 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

Unchanged

Part 2 - Bonus issue or pro rata issue

• 11 Is security holder approval required? N/A

• 12 Is the issue renounceable or nonN/A renounceable?

• 13 Ratio in which the[+] securities will be N/A offered

• See chapter 19 for defined terms.

Appendix 3B Page 2

1/1/2003

Appendix 3B New issue announcement

14 +Class of+securities to which the offer relates 15 +Record date to determine entitlements 16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable)	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 3

Appendix 3B New issue announcement

29 Date rights trading will end (if applicable) 30 How do +security holders sell their entitlements in full through a broker? 31 How do +security holders sell part of their entitlements through a broker and accept for the balance? 32 How do +security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date	N/A
	N/A
	N/A
	N/A
	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one ) (a) � Securities described in Part 1 – 33,000,000 Ordinary Fully Paid Shares

(b) All other securities

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35 If the[+] securities are[+] equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders

36 If the[+] securities are[+] equity securities, a distribution schedule of the additional[+] securities setting out the number of holders in the categories

1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional[+] securities

• See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

Appendix 3B New issue announcement

Entities that have ticked box 34(b)

• 38 Number of securities for which[+] quotation - is sought

• 39 Class of[+] securities for which quotation is - sought

• 40 Do the[+] securities rank equally in all - respects from the date of allotment with an existing[+] class of quoted[+] securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 41 Reason for request for quotation now -

41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period

• (if issued upon conversion of another security, clearly identify that other security)

• 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

Number	+Class
-

• See chapter 19 for defined terms.

24/10/2005 Appendix 3B Page 5

Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the +securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the[+] securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ............................................................ Date: 14 April 2009 Company Secretary

Print name: Liza Carpene

== == == == ==

• See chapter 19 for defined terms.

Appendix 3B Page 6

1/1/2003