DEVELOP GLOBAL LIMITED — Regulatory Filings 2007

Dec 16, 2007

==> picture [128 x 37] intentionally omitted <==

==> picture [128 x 37] intentionally omitted <==

ABN 28 122 180 205 www.juttholdings.com

==> picture [76 x 76] intentionally omitted <==

ASX ANNOUNCEMENT (ASX Code: JUT)

17 December 2007

HIGH GRADE COPPER & ZINC DRILL INTERSECTIONS AT LIBERTY-INDEE PROJECT

Highlights

• High grade copper to 20% and Zinc to 13% found from early drilling at Evelyn

==> picture [8 x 4] intentionally omitted <==

• 10 metre intercept averaging 6.45% copper, 3.24% zinc, 0.86g/t gold, 67g/t silver

==> picture [8 x 4] intentionally omitted <==

• Mineralisation corresponds with 120 metre VTEM conductor anomaly

==> picture [8 x 5] intentionally omitted <==

2007 Drilling program for Liberty-Indee Project completed

==> picture [8 x 4] intentionally omitted <==

High grade copper intersection of 20% and 13% Zinc found in drilling at the Evelyn prospect.

Ten drill holes have been drilled at the Evelyn prospect at Jutt’s Liberty-Indee Project. The initial results from 2 drill holes has been received and confirm a poly-metallic occurrence containing copper, zinc, lead, gold and silver. Highlights of these results are summarised in Table 1.

==> picture [417 x 195] intentionally omitted <==

Jutt Holdings Limited Tel. +61 8 6424 9188 Fax. +61 8 9463 7836 Place of Business: 1st Floor, 35 Richardson Street, West Perth, WA 6005, AUSTRALIA Registered Office: Suite 1, 1233 High Street, Armadale, Victoria 3143, AUSTRALIA Email: admin@juttholdings.com

==> picture [39 x 40] intentionally omitted <==

==> picture [53 x 14] intentionally omitted <==

==> picture [53 x 14] intentionally omitted <==

Table 1
Sample	Drill	Interval	Au ppm	Pb %	Cu%	Zn%	Ag ppm
No	Hole	metres
153514	JER006	33-34	1.92	1.02	2.43	0.02	117
153515	JER006	34-35	0.90	0.44	3.55	0.02	41
153516	JER006	35-36	0.75	2.25	20.50	0.65	101
153517	JER006	36-37	0.71	2.22	19.80	0.61	99
153518	JER006	37-38	0.74	0.69	6.04	3.47	54
153519	JER006	38-39	1.43	1.31	3.40	13.20	87
153520	JER006	39-40	1.11	0.93	3.58	6.96	72
153521	JER006	40-41	0.59	1.08	2.48	3.73	61
153522	JER006	41-42	0.25	0.36	1.61	2.39	24
153523	JER006	42-43	0.17	0.17	1.17	1.32	12
Average		10.0m	0.86 g/t	1.05	6.45%	3.24%	2.1 oz/t
Result		drill	(ppm=g/t)	%			(31.5ppm=1oz)
		width

Ultratrace Laboratories carried out the analysis to standard test practices with repeat sampling of a number of samples and controls.

Exploratory drilling using an RC drill rig (NQ bit) at 60 degrees declination has confirmed a poly-metallic base metal occurrence containing copper, zinc, lead, gold and silver.

Drill hole JER006 confirms the existence of high grade copper, zinc and lead with gold and silver credits. This result provides proof that the historic Evelyn-Quarmby mines area has potential for a poly-metallic resource.

However, a vertical width of 8.5 metres can be determined from this single hole.

The mineralisation found in Drill hole JER006 is associated with a VTEM conductor anomaly of 120 metres extent and forms part of a line of historical workings of 300 metres in extent.

Figure 1 attached illustrates the relationship of drill holes and historical workings.

Further results from additional holes are expected soon and will be released to the market in due course.

==> picture [198 x 261] intentionally omitted <==

2

==> picture [39 x 40] intentionally omitted <==

==> picture [53 x 14] intentionally omitted <==

==> picture [53 x 14] intentionally omitted <==

Liberty-Indee Project:

Jutt has completed its 2007 drilling program at the Liberty-Indee project announced on 23 November 2007. This follows on from two airborne electromagnetic (VTEM) surveys which outlined distinct deep conductors and extended the target area to a six kilometre zone.

Twenty eight drill holes covering a length of approximately 2,100 metres were completed testing the Evelyn, Quarmby prospects and VTEM targets and samples have been sent for analysis.

==> picture [417 x 296] intentionally omitted <==

----- Start of picture text -----

Hole
JER006
----- End of picture text -----

Figure 1

About Jutt Holdings

Jutt Holdings Limited (ASX:JUT) is an Australian listed resources exploration company, focused on several base and precious metals exploration projects in Western Australia.

Jutt Holdings has the rights to acquire major participating interests in two projects in the Pilbara region of Western Australia, the Onslow and LibertyIndee Projects. The Onslow Project consists of two granted Mining Leases over two prospects, being the Range lead-silver prospect and the Turtle copperlead-silver prospect. The Company is currently drilling on its Onslow project.

3

==> picture [39 x 40] intentionally omitted <==

==> picture [53 x 14] intentionally omitted <==

==> picture [53 x 14] intentionally omitted <==

The Liberty-Indee Project consists of two granted exploration licences. A target generation study has identified eight highly ranked VTEM targets and other targets prospective for copper, lead, zinc, nickel and gold mineralisation.

The company has recently completed a 2,051 line kilometre electromagnetic survey over the Tay-Munglinup Nickel exploration tenements in the Ravensthorpe area of WA. Jutt can earn an initial 60% interest in three granted exploration licences, covering 540 square kilometres. Assessment of the geophysical data over the large survey area is progressing with initial targets outlined as previously announced.

Visit: www.juttholdings.com

The information in this announcement that relates to exploration results is based on information compiled by Jutt Holdings Limited and is based on information provided by Mr Cyril Leslie Geach BSc (Hons-Geology) who is a member of the Australian Institute of Geoscientists. Mr Geach has sufficient experience which is relevant to the style of mineralisation and 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 “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Geach is an Executive Officer of Jutt Holdings Limited and consents to the inclusion in the announcement of the matters based on his information in the form and content in which it appear.

4