DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2010

Apr 20, 2010

604 page 1/2 15 July 2001

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 Straits Mineral Investments Pty Ltd ACN\ARSN (if applicable) 124 028 271

There was a change in the interests of the substantial holder on 16 / 04 / 2010 The previous notice was given to the company on 11 / 02 / 2010 The previous notice was dated 11 / 02 / 2010

2. 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	Previous notice	Present notice	Present notice
	Person’s votes	Voting power(5)	Person’s votes	Voting power(5)
OrdinaryFullyPaid Shares	106,700,000	19.907%	106,700,000	17.314%

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 or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme, are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
16/04/2010	Straits Mineral Investments Pty Ltd	% diluted as a result of Venturex Resources Limited placing 80,297,503 ordinary shares with Regent Pacific Group Limited at $0.09 per share as announced to the ASX on 16April 2010.	NA	Ordinary Shares. 106,700,000	106,700,000

4. Present relevant interests

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

	Holder of	Registered holder of	Person entitled to be	Nature of relevant	Class and	Person’s votes
	relevant	securities	registered as holder (8)	interest (6)	number of
	interest				securities
	Straits Mineral	Straits Mineral	Straits Mineral	% diluted as a result of	Ordinary	106,700,000
	Investments	Investments Pty Ltd	Investments Pty Ltd	Venturex Resources	Shares.
	Pty Ltd			Limited placing	106,700,000
				80,297,503 ordinary
				shares with Regent
				Pacific Group Limited at
				$0.09 per share as
				announced to the ASX
				on 16 April 2010

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604 page 2/2 15 July 2001

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 or scheme are as follows:

Name and ACN/ARSN(if applicable)	Nature of association
Refer AnnexureA

6. Addresses

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

Name	Address
Straits Resources Limited	Level 1,35 Ventnor Avenue West Perth WA 6005
Straits Subsidiaries	Level 1, 35Ventnor AvenueWestPerth WA6005

Signature

print name Mark Hands capacity Company Secretary

sign here date 21 /04 /2010

DIRECTIONS

• (1) 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 annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to 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 7 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (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 certifying this contract, scheme or arrangement; and

• (b) 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 particular securities to which the qualification applies).

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

• (7) 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, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom 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.

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604 page 3/3 13 March 2000

This is Annexure A of one page referred to in Form 604 – Notice of change of interests of substantial shareholder dated 21 April 2010 and signed by me.

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Mark Hands Company Secretary Straits Resources Limited

STRAITS SUBSIDIARIES

Registered Officer for all listed below: Level 1, 35 Ventnor Avenue West Perth WA 6005

STRAITS MINING PTY LTD	055 020 614
TRITTON RESOURCES PTY LTD	100 095 494
GIRILAMBONE COPPER COMPANY PTY LTD	057 083 637
STRAITS GOLD PTY LTD	072 498 081
STRAITS (HILLGROVE) GOLD PTY LTD	102 660 506
STRAITS INDO GOLD PTY LTD	104 934 321
INDO MURO PTY LTD	100 135 000
MURO OFFSHORE PTY LTD	050 028 389
STRAITS MINERAL INVESTMENTS PTY LTD	124 028 271
STRAITS EXPLORATION (AUSTRALIA) PTY LTD	061 614 695
STRAITS MINE MANAGEMENT PTY LTD	083 686 033
NEURAL MINING SOLUTIONS PTY LTD	073 277 899

The above companies are all subsidiaries of Straits Resources Limited pursuant to section 9 of the Corporations Act.