DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2009

Jul 5, 2009

6 July 2009

The Directors Venturex Resources Limited Level 1, 35 Richardson St WEST PERTH WA 6005

Company Announcements Office Australian Stock Exchange Limited Level 4, 20 Bridge St SYDNEY NSW 2000

NOTICE OF CHANGE OF INTERESTS OF SUBSTANTIAL HOLDER VENTUREX RESOURCES LIMITED

In accordance with section 671B of the Corporations Act 2001, we enclose a notice of change of interests of substantial holder for Venturex Resources Limited.

Yours faithfully ARGONAUT LIMITED

JASON CAMPBELL Company Secretary

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To:	Venturex Resources Limited
ACN:	122 180 205
1. Details of substantial holder (1)

Name: Argonaut Limited

ACN: 109 326 418

There was a change in the interests of the substantial holder on 1 July 2009. The change is due to the issue of shares pursuant to the Venturex Resources Limited takeover of CMG Gold Limited.

The previous notice was given to the company on 4 February 2009.

The previous notice was dated 4 February 2009.

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting Power (5) Person's votes		Voting power (5)
Ordinary Shares	32.560.332	19.91%	32.560.332	8.44%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

Argonaut's interest has changed due to the issue of shares pursuant to the Venturex Resources Limited takeover of CMG Gold Limited. The issue of shares has diluted Argonaut's interest in Venturex Resources Limited.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Persons entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Argonaut Equity Partners Pty Limited	Argonaut Equity Partners Pty Limited	Argonaut Equity Partners Pty Limited	Note 1	FPO 19,108,966	19,108,966
AFM Perseus Fund Limited	AFM Perseus Fund Limited	AFM Perseus Fund Limited	Note 2	FPO 13,451,366	13,451,366

• Note 1: Argonaut Limited is the controlling body corporate of Argonaut Equity Partners Pty Limited within the definition of S608 of the Corporations Act.
• Note 2: Argonaut Limited is the controlling body corporate of AFM Zeus Pty Limited which manages the AFM Perseus Fund Limited within the definition of S608 of the Corporations Act.

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company are as follows: NIL

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Argonaut Limited	Level 30 Allendale Square, 77 St Georges Terrace, PERTH WA 6000
Argonaut Equity Partners Pty Limited	Level 30 Allendale Square, 77 St Georges Terrace, PERTH WA 6000
AFM Perseus Fund Limited	Level 30 Allendale Square, 77 St Georges Terrace, PERTH WA 6000

name:

Jason Campbell

capacity:

Company Secretary

sign here:

date:

06/07/2009

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	VENTUREX RESOURCES LIMITED
ACN/ARSN	122 180 205
1. Details of substantial holder (1) Name 2. ACN/ARSN (if applicable)	KUMBHALGARH PTY LTD 103 643 161
There was a change in the interests of the substantial holder on	1/7/09
The previous notice was given to the company on The previous notice was dated	30/4/09 30/4/09

3. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice Person's votes Voting power (5)		Present notice
			Person's votes	Voting power (5)
Ordinary F/P	28,200,000	14.35%	28,200,000	7.31%

4. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Kumbhalgarh Pty Ltd's interest in Venturex Resources Limited has been decreased through the issue of 189,210,000 shares following the successful takeover bid of CMG Gold Limited. Holding number remains unchanged, % holding decreased.

5. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Kumbhalgarh Pty Ltd	Kumbhalgarh Pty Ltd	Kumbhalgarh Pty Ltd	Beneficial Owner	28,200,000 Ordinary F/P	28,200,000

6. Change in association

The persons who have become associates (2) or, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

7. Address

The addresses of persons named in this form are as follows:

Name	Address
Kumbhalgarh Pty Ltd	C/- Insight Business Partners 10 Whipple Street Balcatta WA 6021

Signature

Print Name:	Timothy John Sugden	Capacity:	Director
Sign Here:		Date:	6/7/09

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an
  equity trust), the names could be included in an ann $(1)$ throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(2)$
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• $(4)$ The voting shares of a company constitute one class unless divided into separate classes.
• The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(5)$
• $(6)$ Include details of:
• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or
  arrangement, must accompany this form, together with a written statement c
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the $(b)$

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becom'e
  entitled to receive in relation to that acquisition. Details $(7)$ the relevant interest was acquired.
• $(8)$ If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• $(9)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.