DEVELOP GLOBAL LIMITED — Capital/Financing Update 2014

Jul 2, 2014

==> picture [55 x 44] intentionally omitted <==

==> picture [55 x 44] intentionally omitted <==

==> picture [54 x 44] intentionally omitted <==

==> picture [55 x 44] intentionally omitted <==

==> picture [55 x 44] intentionally omitted <==

==> picture [55 x 43] intentionally omitted <==

==> picture [55 x 43] intentionally omitted <==

==> picture [54 x 13] intentionally omitted <==

==> picture [55 x 13] intentionally omitted <==

==> picture [55 x 13] intentionally omitted <==

==> picture [55 x 13] intentionally omitted <==

==> picture [54 x 13] intentionally omitted <==

==> picture [55 x 13] intentionally omitted <==

==> picture [4 x 742] intentionally omitted <==

==> picture [39 x 742] intentionally omitted <==

----- Start of picture text -----

A
trevor.ha
N
N
admin@
www.
----- End of picture text -----

==> picture [55 x 742] intentionally omitted <==

----- Start of picture text -----

SX Announc
ASX Cod
leased: 3 Ju
For further
Tr
Company S
T: +61 8 6
rt@venturexres o
Tony
C
Michael M
Managing
R
n-Executive
John N
n-Executive
Company S
Contact
Register e
91 Havelo
W est Perth
T: +61 8 6
F: +61 8 9
venturexresou
venturexresou
ABN: 28 12
----- End of picture text -----

==> picture [55 x 742] intentionally omitted <==

----- Start of picture text -----

ement
e: VXR
ly 2014
details
vor Hart
e cretary
3 89 7400
urces.com
Board
Kiernan
hairman
ulroney
Director
ay Parry
Director
itschke
Director
vor Hart
e cretary
Details
d Office
Level 2
k Street
A 6005
3 89 7400
4 63 7836
rces.com
rces.com
180 205
----- End of picture text -----

VENTUREX BOOSTS CASH POSITION WITH $1.7M WHIM CREEK HOTEL SALE

• Sale of historic Whim Creek Hotel and adjacent Accommodation Village completed

• Company cash and receivables on hand of $3.7 million

Ventur e x Resourc e s Limited ( “ Venturex” or “the Company”) ( A SX: VXR) i s please d to annou n ce the Company has complete d the sale o f the Whim Creek Hotel and adjacent Accomm o dation Village com p lex in th e Pilbara region of W estern Aus t ralia.

The Whim Creek Hotel is located appro x imately 12 0 kilometre s southwes t of Port H edland o n the North W est Coast a l Highway.

The Wh i m Creek H o tel, the a c commoda t ion village , associate d plant an d equip m ent and u n derlying l a nd title (L o t 58) hav e been sol d to privat e investment comp a ny, Whim Creek O p erations P t y Ltd representing a consort i um of the N garluma A boriginal C orporation (NAC) an d Ngarlum a Yindjib a rndi Foundation (NYF) based in t he Karrath a region, f o r a total o f $1.7 mil l ion cash.

The ne w owners h a ve stated that they intend to r e store and r eopen th e Whim C reek Hote l which will provide i n dustry trai n ing and e m ploymen t opport u nities for Ngarluma, Y i ndjibarndi a nd local A boriginal p eople. Th e Accommodation Village will provide short sta y facilities for locall y operati n g resourc e compani e s, business e s and tourism.

Ventur e x Managing Director M ichael M u lroney said: “Venturex is pleased to see an important and historic community icon remain in the hands of the local community.

“Today’s sale settlement provides a great opportunity for continued preservation and development of this historic hotel and its surrounds.

“The hotel and village will continue to provide accommodation to support the local mining and exploration sector as well as provide jobs and training opportunities for the local community.”

The sal e will boost V enturex’s c ash and r e ceivables position to $ 3.7 million, which e nsures the C ompany i s funded for its 2014 e x ploration programs.

“From the Company’s perspective, the sale provides additional funding to drive exploration programs through 2014 across our extensive copperzinc assets in the Pilbara region,” Mr Mulr o ney adde d .

Ventur e x is contin u ing to progress with e xploration in the Sul p hur Spring s and W h im Creek P roject areas after re c ently completing a 1,350 metr e diamo n d drilling program at the Midwa y prospect in the Sul p hur Spring s

area. F u ture drillin g programs planned for 2014 the r e cently an n ounced 1, 5 50 metre d iamond drilling p rogram t a rgeting th e Southern H ills area, l o cated so u th of the M ons Cupri copperlead-zi n c sulphide deposit.

The C o mpany ha s also rece n tly announced the Mining Propo s al for the d evelopment of the Pilbara Copper-Zi n c Project at the Sul p hur Sprin g s site has been ap p roved by the WA Depart m ent of Mi n es and P e troleum ( please refer to ASX an n ounceme n t dated 15 March 2014 ).

==> picture [38 x 56] intentionally omitted <==

==> picture [55 x 56] intentionally omitted <==

==> picture [32 x 56] intentionally omitted <==

MICHAEL MULRONEY Managing Director

For further information, please contact: Michael Mulroney / Trevor Hart – Venturex Resources Limited on (08) 6389 7400 Tony Dawe – Professional Public Relations on 0405 989 743 / (08) 9388 0944

About Venturex Resources Limited

Venturex Resources Li m ited (ASX: V X R) is an expl o ration and d e velopment c o mpany with a significant p ortfolio of VMS proj e cts in the W e stern Pilbara. Venturex owns or controls significant resources of cop p er, zinc, lead , silver and gold at Sulphur Springs, Kangaroo Caves, Whim C reek, Mons Cupri, Salt Cre e k and Libert y‐ Indee. The Company is committ e d to a strat e gy of consolidating VMS projects in t h e Western Pilbara and d e veloping a c entralised processin g hub at Sulp h ur Springs. Venturex is also e xploring for g o ld in Brazil thr o ugh its wholl y owned subsi d iary CMG Mineraç ã o Ltda.

2