DEVELOP GLOBAL LIMITED — Director's Dealing 2009

Jul 1, 2009

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

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 30/9/2001.

Name of Entity	VENTUREX RESOURCES LIMITED (VXR)
ABN:	28 122 180 205

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ANTHONY MILES REILLY
Date of appointment	1 JULY 2009

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

21,250,000 ordinary fully paid shares

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Director & Shareholder of Cheynes Beach Finance Pty Ltd	Number & class of Securities 4,000,000 ordinary fully paid shares

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Executive Director – Service Agreement
Nature of interest	Director Appointment
Name of registered holder (if issued securities)	Anthony Miles Reilly or nominee
No. and class of securities to which interest relates	As disclosed in the announcement dated 2 July 2009, and subject to Shareholder Approval: • 5,000,000 Director Options exercisable at $0.15 (15 cents) - expiry date will be three years from the date of Shareholder approval. • The options will be issued in two 2,500,000 tranches. • Vesting will occur for Tranche 1 after 12 months from date of issue and for Tranche 2 after 24 months from date of issue. • Non-vested options will expire if Mr Reilly leaves the Company for any reason prior to the vestingdates.

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002