DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2011

Mar 14, 2011

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

TO:	Venturex Resources Limited
ACN:	122 180 205
1. Details of substantial holder (1)
Name:	Argonaut Limited
ACN:	109 326 418
The holder ceased to be a substantial holder on 25 February 2011.
The previous notice was given to the company on 20 July 2010.

The previous notice was dated 20 July 2010.

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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:

Date of change	Person whose relevant interest changed	Nature of change $(4)$	Consideration given in relation to change (5)	Class (6) and number of securities affected	Person's votes affected
25/02/2011	AFM Perseus Fund Limited	Dilution due to Retail Shortfall Placement	n/a	20,715,106
25/02/2011	Argonaut Equity Partners Pty Limited	Dilution due to Retail Shortfall Placement	n/a	33,600,000
			Total	54,315,106

3. Changes in association

The persons who have become associates (3) of, or ceased to be associates of, or have changed their association (7) with, the substantial holder in relation to voting interests in the company are as follows:

Name and ACN if applicable .	Association	---------
Argonaut Capital Limited	1 Controlled Body Corporate

4. 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
Argonaut Capital 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/capacity:

Elle Peter / Company Secretary

$\bar{z}$

Signed:

$E + \epsilon$

Date:

10 March 2011

$\frac{1}{3}$

$\overline{\phantom{a}}$