2012 Mines & Money Conference Hong Kong

Michael Mulroney, Managing Director | March 2012

Cautionary Statement

The information contained in this document ("Presentation") has been prepared by Venturex Resources Limited ("Company").

This Presentation does not constitute an offer or invitation to any person to subscribe for or apply for any securitiesin the Company.

While the information contained in this Presentation has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give any representations or warranties (express or implied) as to the accuracy, reliability or completeness of the information in this Presentation, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, to the full extent permitted by law, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained in this Presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation.

Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any person. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissionsfrom, this Presentation which may become apparent.

This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained in this Presentation necessarily involve significant elements ofsubjective judgment, analysis and assumptions and each recipientshould satisfy itself in relation to such matters.

This Presentation may include certain statements that may be deemed "forward-looking statements". All statements in this presentation, other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. The Company, its shareholders, directors, officers, agents, employees or advisers, do not represent, warrant or guarantee, expressly or impliedly, that the information in this Presentation is complete or accurate. To the maximum extent permitted by law, the Company disclaims any responsibility to inform any recipient of this Presentation of any matter that subsequently comes to its notice which may affect any of the information contained in this Presentation. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions.

Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements.

Corporate Overview

Growing a significant Cu-Zn portfolio in the Pilbara

Exploring for large scale gold deposits in Brazil

Corporate Structure

Share Price Major Shareholders

Regent Pacific Straits Resources Argonaut Group Management Other Shareholders

Capital Structure

Current Share Price (12/3/12)	\$	0.08
Issued Shares	m	1,087.24
Market Capitalisation	\$m	86.99
Cash	\$m	2.60
Debt	\$m	-
Enterprise Value	\$m	84.39

Excellent Location

Resource Growth with Further Discovery Upside

¹ The exploration target is conceptual in nature and there has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the determination of a mineral resource under the JORC Code.

Whim Creek Project

Historic copper mining area since late 1800s
Known VMS¹ province
Whim Creek, Mons Cupri, Salt Creek
New Evelyn Cu-Zn discovery by VXR in 2009
Second VMS centre identified, 35km southeast of Whim Creek
Previous SX-EW copper operation only treated near surface oxide resources
Deeper sulphide mineralisation unmined and under explored
Consolidated under single ownership in 2010
Current resource 160,000t CuEQ
All deposits still open
Numerous exploration targets

Sulphur Springs Project

Acquired in February 2011 from CBH Resources
Largest VMS Cu-Zn deposit in the Pilbara region
Current Resource 390,000t CuEQ
Project scope re-designed as low impact, high productivity, underground mine
All access and land tenure secured
Extensive exploration and feasibility study data base being evaluated
Identified exploration targets within acquired area

Feasibility Study Scope

Simple Mining Operations

Expanding existing open pits at Whim Creek/Mons Cupri
High productivity underground mine at Sulphur Springs
Centralised Processing Hub at Whim Creek
Process Rate 1.3 – 1.5 Mtpa
Annual Metal Production (in concentrate)
Copper 20,000t
Zinc 40,000t
Lead 3,500t
Silver 0.7Moz
Initial Mine Life 9 years

Feasibility Study Update

Review of Development Plan

Commenced parallel evaluation of Sulphur Springs Hub
Potential significant operating cost benefits
Minimal impact on capital costs anticipated
Potential inclusion of Salt Creek and Evelyn resources

Feasibility Study Scope Varied

Focused on both Whim Creek and Sulphur Springs Hub options
Ongoing metallurgical testwork
Optimised mine designs impacted ore reserve update pending
Detailed engineering design to commence

Completion Date

– Revised Feasibility Study completion – late September quarter

Whim Creek/Salt Creek - Underexplored

Mons Cupri South West – Emerging Discovery?

Liberty-Indee JV – New Frontier

Sulphur Springs – Brownfield Targets

Current resource not tested at depth
Bledisloe anomaly has anomalous zinc and stringer copper mineralisation on target contact zone
No systematic exploration since 1990s

Gold Exploration in Brazil

A Developing Story…

CMG Mineração Ltda incorporated and registered Brazilian exploration company 100% owned by Venturex
Focused on discovery of large gold deposits
Established exploration team in Cuiabá
Projects in Mato Grosso and Tapajós gold district, Pará

Tapajós – A Major Emerging Gold Region

Site of major 1980s gold rush
16-30 Moz produced by "garimpeiros" from alluvials and shallow bedrock
Gold occurs within major NNW trending corridors
Cuiú Cuiú -Tocantinzinho trend
Several recent large discoveries
eg. Tocantinzinho 2Moz
Potential for large, stockwork/ shear zone hosted gold deposits
Growing tenure position in a competitive region
All Projects have extensive garimperio workings
No modern exploration

Serra Verde Gold Project

Fofoca Velha, brecciated altered granite

High Grade Fofoca Velha Vein +100g/t

Spider veined granite

Intensely sericitised, silicified Granite and vein material Doca Prospect Shaft Doca Vein - Shaft

Grand Canaã Gold Project

4 Exploration Licences
Garimpeiro activity has exposed stockwork veined, sulphidised granite
Anomalous trenching results

Forward Outlook

Complete Feasibility Study

Anticipated completion late September quarter
Development strategy being reviewed

Progress Regional Growth Exploration

Brownfields exploration
Whim Creek, Mons Cupri, Mons Cupri South West, Sulphur Springs
Extensional exploration
Salt Creek, Balla Balla
Greenfields exploration at Liberty-Indee
Commence Drilling Gold Targets in Brazil
Regional auger sampling program ongoing
Access and environmental permitting in progress

Summary

Australia

The only emerging copper-zinc developer in Australia
Large existing resource base – 550,000t CuEQ
Excellent land position with strong growth potential
Feasibility Study completion anticipated late September quarter
Future value options being assessed

Brazil

Growing footprint in the emerging Tapajós gold region
Potential for large gold discoveries

ASX Listed Producers / Developers

Significant ASX listed source of future CuEQ production

Located in the Pilbara – excellent infrastructure and low sovereign risk

Company	Mkt Cap1	Project Status	Production (CuEQ)			CuEQ2
	(\$m)		FY12E	FY13E	FY14E	(%)
OZ Minerals Ltd	3,110.7	Producer	140.8	137.8	140.2	1.7%
PanAust Ltd	1,933.9	Producer	90.2	94.1	56.4	0.7%
Sandfire Resources NL	1,207.7	Construction	17.5	79.3	90.3	6.7%
Discovery Metals Ltd	687.5	Construction	4.0	34.8	42.2	1.6%
Tiger Resources Ltd	265.4	Producer	16.5	35.0	77.4	n/a
Aditya Birla Minerals Ltd	242.9	Producer	58.0	65.0	n/a	2.0%
Hillgrove Resources Ltd	210.3	Producer	1.2	17.6	22.9	1.0%
Altona Mining Ltd	156.6	Producer	9.9	9.9	29.3	0.8%
Kagara Ltd	131.8	Producer	5.2	5.5	6.1	4.0%
Straits Resources Ltd	214.8	Producer	36.1	36.1	36.1	2.0%
Finders Resources Ltd	119.4	Construction	2.2	17.1	24.3	2.5%
YTC Resources Ltd	110.9	Construction	0.3	5.3	12.7	4.0%
Venturex Resources Ltd3	81.5	Advanced Feasibility	-	-	27.0	3.0%

Mean	2.5%
Median	2.0%

Source: Bloomberg, Company disclosures and guidance, broker reports, Argonaut estimates Notes:

Market capitalisation as at 16 March 2012.
Venturex's FY14 estimated annualised production target.
Copper Equivalent based on stated JORC Reserves. Calculations assumes spot prices as at 16 March 2012 being \$3.89/lb copper, US\$1650/oz gold, US\$32/oz silver, US\$14.33/lb cobalt, US\$8.76/lb nickel, US\$0.0.95/lb lead and US\$0.94/lb zinc.

EV/CuEQ Reserves Comparables

Attractive valuation relative to ASX listed "peers"

Significant exploration upside

Source: Bloomberg, Company disclosures, broker reports Notes:

1. EV as at 16 March 2012.
1. JORC Reserves expressed on a Copper Equivalent basis. Calculations assumes spot prices as at 16 March 2012 being \$3.89/lb copper, US\$1650/oz gold, US\$32/oz silver, US\$14.33/lb cobalt, US\$8.76/lb nickel, US\$0.0.95/lb lead and US\$0.94/lb zinc.

Positive Outlook for Copper and Zinc

Copper in balance but inventory shrinking...... zinc supply deficit likely beyond 2014

Source: CRU International; Brook Hunt; GS&PA Research estimates; Bloomberg

Directors & Senior Managements

Mr Tony Kiernan, LLB - Non-Executive Chairman

Mr Kiernan is a solicitor with 35 years experience in management and operation of listed public companies. He is also Chairman of BC Iron and Uranium Equities, and a Director of Liontown Resources and Chalice Gold Mines.

Dr Allan Trench, BSc, PhD, MSc, MBA - Non-Executive Director

Dr Trench is a geologist/geophysicist with 20 years experience in the resources sector, and has extensive business consulting experience. He is Chairman of Navigator Resources and Acadian Mining, and Director of Pioneer Resources, Hot Chili and Kimberley Rare Earths.

Mr John Nitschke, BE(Min), MSc - Non-Executive Director

Mr Nitschke is a mining engineer with over 35 years experience in the mining industry with substantial experience in large resource companies. He is Chairman of TSX-V listed Continental Nickel and IMX Resources, and a Director of Toro Energy.

Mr Michael Mulroney, BAppSc (Geol), MBA - Managing Director

Mr Mulroney has 31 years experience internationally in natural resources and corporate finance including roles at NM Rothschild & Sons (Aust) and Argonaut Capital. He co-founded and was a Director of Breakaway Resources and is a Non-Executive Director of Acacia Coal Limited.

Mr Anthony Reilly, BEc - Executive Director

Mr Reilly has extensive international experience in financial markets, risk management and corporate finance. He was a senior Manager for Westpac.

Mr Ian Suckling, BAppSc (Min) - Chief Operating Officer

Mr Suckling has over 35 years experience as a Mining Engineer, including General Manager of Yandal Operations, General Manager Operations with Sino Mining International and most recently was Senior Director – Underground Mine Engineering for Newmont Mining Corporation.

Ms Liza Carpene, MBA, ACIS - Company Secretary

Ms Carpene has over 15 years experience in corporate administration, HR, IT and community relations with Normandy, Newmont, Agincourt and Oxiana. She has held extensive operational management roles in Australia and Indonesia.

Resources & Reserves as at 1 September 2011

	MINERAL RESOURCES						ORE RESERVES
	Location	JORC Classification	Tonnes x 1,000	Cu wt%	Z n wt%	P b wt%	Ag g/t	Au g/t	CuEQ wt %	JORC Classification	Tonnes x 1,000	Cu wt%	Z n wt%	P b wt%	Ag g/t	Au g/t	CuEQ wt %
		Indicated	967	1.4	1.2	0.2	8.8	0.1	1.8	Probable	687	1.7	1.1	0.2	8.9	0.1	2.1
m Creek Whi	Inferred	4	0.5	2.3	0.6	13.9	0.1	1.1
		Sub-to tal	972	1.4	1.2	0.2	8.8	0.1	1.8	Sub-to tal	687	1.7	1.1	0.2	8.9	0.1	2.1
	pri	M easured	1,273	1.5	1.7	0.8	41.1	0.3	2.4
	Cu	Indicated	3,286	0.7	1.1	0.4	17.7	0.1	1.2	Probable	2,815	1.1	1.8	0.8	32.1	0.2	1.9
	Mons	Inferred	48	0.7	0.6	0.1	9.0	0.0	0.9
		Sub-to tal	4,607	0.9	1.3	0.5	24.1	0.1	1.5	Sub-to tal	2,815	1.1	1.8	0.8	32.1	0.2	1.9
	Z n	Indicated	475	0.2	14.1	4.4	107.1	0.5	6.4	Probable	361	0.2	12.8	4.2	109.2	0.5	6.0
Creek Salt	Cu	Indicated Inferred	423 105	3.7 3.5	0.9 0.1	0.1 0.0	2.7 1.5	0.1 0.0	4.0 3.6	Probable	236	4.1	1.3	0.2	3.2	0.1	4.6
	Zn/Cu	Sub-to tal	1,003	2.0	7.0	2.1	52.0	0.3	5.1	Sub-to tal	597	1.8	6.6	2.1	53.1	0.3	4.8
		Indicated	453	2.2	4.5	0.4	42.0	0.9	4.0	Probable	361	2.2	4.5	0.4	40.7	0.9	4.0
	Liberty- ee Ind	Inferred	204	1.0	1.8	0.2	22.4	0.4	1.8
		Sub-to tal	657	1.8	3.7	0.3	35.9	0.8	3.3	Sub-to tal	361	2.2	4.5	0.4	40.7	0.9	4.0
		M easured	4,260	1.7	3.4	0.2	18.2	0.0	2.5
	Springs	Indicated	9,621	1.3	3.8	0.2	18.2	0.0	2.2	Probable	5,663	1.9	4.3	0.0	18.0	0.0	3.0
Sulphur		Inferred	5,154	0.7	2.0	0.2	13.9	0.0	1.3
	Sub-to tal	19,035	1.2	3.2	0.2	17.0	0.0	2.0	Sub-to tal	5,663	1.9	4.3	0.0	18.0	0.0	3.0
		M easured	5,533	1.6	3.0	0.3	23.4	0.1	2.5
		Indicated	15,226	1.2	3.3	0.4	20.6	0.1	2.2	Probable	10,123	1.7	3.6	0.4	25.0	0.1	2.8
	All Locations	Inferred	5,515	0.8	1.9	0.2	13.9	0.0	1.3
		T o tal Sulphide R eso urces	26,274	1.2	3.0	0.3	19.8	0.1	2.1	T o tal Sulphide R eserves	10,123	1.7	3.6	0.4	25.0	0.1	2.8

Mons Cupri / Whim Creek / Liberty-Indee: CuEQ = Cu + (Zn X 0.1947) + (Ag X 0.01104) + (Au X 0.483) Salt Creek: CuEQ = Cu + (Zn X 0.28) + (Pb X 0.26) + (Ag X 0.008) + (Au X 0.513) Sulphur Springs: CuEQ = Cu + (Zn X 0.2017) + (Ag X 0.01076)

Competency Statement

The information in this report that relates to Exploration Results (Australia) and Mineral Resources (including Whim Creek and Sulphur Springs) is based on information compiled by Messrs Steven Wood and Michael Mulroney, who are Members of the Australasian Institute of Mining and Metallurgy. Messrs Wood and Mulroney are fulltime employees of Venturex Resources Limited and have sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Messrs Wood and Mulroney consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

The information in this report that relates to Ore Reserves is based on information compiled or reviewed by Mr David Clark who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Clark is a full time employee of RMDSTEM Limited and has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Clark consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Brazil Exploration Results is based on information compiled by Mr Karl Weber who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Weber is a fulltime employee of CMG Mineração Ltda, a wholly owned subsidiary of Venturex Resources Limited, and has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Weber consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Contact Details

Michael Mulroney

Managing Director T: +61 8 6389 7400 E: [email protected]

Liza Carpene

Company Secretary T: +61 8 6389 7400 E: [email protected]

Tony Dawe

Professional Public Relations T: +61 8 9388 0944 E: [email protected]

Registered Office

Suite 3, Level 1 127 Cambridge Street West Leederville WA 6007 Australia

Postal Address

PO Box 1444 West Leederville WA 6901 Australia

T: +61 8 6389 7400 F: +61 8 9463 7836 [email protected] www.venturexresources.com

ABN: 28 122 180 205

ASX Code: VXR