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DEVELOP GLOBAL LIMITED Capital/Financing Update 2012

May 23, 2012

64801_rns_2012-05-23_dd4f9414-2136-4581-b8d1-15148cfdf428.pdf

Capital/Financing Update

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MARKET RELEASE

24 May 2012

Venturex Resources Limited

TRADING HALT

The securities of Venturex Resources Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday 28 May 2012 or when the announcement is released to the market.

VXR Security Code:

Jill Hewitt Senior Adviser, Listings (Perth)

ASX ANNOUNCEMENT ASX Code: VXR

24 May 2012

÷

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

Company Advisor - Sebastian Bednarczyk Attention: Trading Halts Perth - via: [email protected]

Dear Sir

TRADING HALT REQUEST

Pursuant to Listing Rule 17.1, Venturex Resources Limited (ASX: VXR) requests the securities of the Company be placed in a Trading Halt pending the release of an announcement regarding a significant capital raising and corporate transaction.

The Trading Halt is to end upon the release of an announcement prior to commencement of frading on Monday, 28 May 2012.

The Company is not aware of any reason why the Trading Halt should not be granted.

Yours feithfully

LIZA CARPENE Company Secretary

Tel: +61 8 5389 7400
Level 1, 127 Cambridge Street, West Leederville WA 6007
PO Box 1444, West Leederville WA 6901
Fax: +61 8 9463 7836
www.venturexresources.com
E. [email protected]

S:\VXR\C\$\ASX Announcements\Released\2011-12\Trading Hall Request - 24-5-12.Doc