DEVELOP GLOBAL LIMITED — Director's Dealing 2010

Dec 6, 2010

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 (ASX: VXR)
ABN:	28 122 180 205

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director:	Timothy Sugden
Date of Last Notice:	1 December 2010

Part 1 - Change of director’s relevant interests in securities

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.

director” should be disclosed in this part.
Direct or Indirect Interest		Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Director and Shareholder of Kumbhalgarh Pty Ltd
Date of change		3-6 December	2010
No. of securities held prior to change				Options - 10,000,000 10,000,000
			Shares	Options
		Direct	-	-
		Indirect	32,000,000	10,000,000
		Total	32,000,000	10,000,000
Class		Ordinary Fully Paid Shares
Number acquired				Options - - -
			Shares	Options
		Direct	-	-
		Indirect	629,480	-
		Total	629,480	-
Number disposed				Options - - -
			Shares	Options
		Direct	-	-
		Indirect	-	-
		Total	-	-

• See chapter 19 for defined terms. 11/3/2002

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$57,408.58
No. of securities held after change				Options - 10,000,000 10,000,000
			Shares	Options
		Direct	-	-
		Indirect	32,629,480	10,000,000
		Total	32,629,480	10,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		On-market trades

Part 2 – Change of 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 Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Lodgement Date: 7 December 2010

• See chapter 19 for defined terms. 11/3/2002

Appendix 3Y Page 2