DEVELOP GLOBAL LIMITED — Regulatory Filings 2007

Nov 22, 2007

==> picture [124 x 37] intentionally omitted <==

==> picture [124 x 37] intentionally omitted <==

ABN 28 122 180 205 www.juttholdings.com

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

ASX ANNOUNCEMENT (ASX Code: JUT)

23 November 2007

HIGHLIGHTS

• 3,000 metres of RC drilling is to commence at the end of November to test high-grade copper, zinc, lead and gold mineralisation at Jutt's Liberty-Indee Project.

• Drilling at Onslow Project.

RC Drilling of historical mines to begin at the Liberty-Indee Project

A drilling contract has been signed to begin drilling at the Liberty Indee project where previous sampling program identified high grade mineralisation at both the historic Evelyn and Quarmby mines.

These included 32.5% copper, 50.6 g/t gold and 1.9% zinc in rock samples at Quarmby and 46.5% copper, 3.17% lead and 11% zinc in rock samples from the Evelyn prospect.

A VTEM survey has also identified a 6 kilometre geophysical target zone of deep sulphide targets and near surface mineralisation targets including Evelyn and Quarmby.

==> picture [145 x 14] intentionally omitted <==

==> picture [145 x 15] intentionally omitted <==

==> picture [145 x 14] intentionally omitted <==

==> picture [145 x 15] intentionally omitted <==

==> picture [145 x 14] intentionally omitted <==

==> picture [145 x 15] intentionally omitted <==

==> picture [145 x 15] intentionally omitted <==

==> picture [145 x 14] intentionally omitted <==

Evelyn samples containing 40% copper

The drilling program is anticipated to take 2 to 4 weeks with the Evelyn prospect to be drilled first. Historic drilling with geochemical sampling has demonstrated that the copper-zinc-lead mineralisation at Evelyn extends down plunge which will be tested during this program.

Previous mining activity between 1889 and 1907 at both the Evelyn and Quarmbyresulted in 59,845 tons of copper ore at 17.89% copper extracted. The Company is optimistic that with this phase of modern drilling, resource potential will be tested.

Diamond Drilling progressing at Onslow Project

The Onslow Project drilling program is progressing and Jutt anticipates providing an update around midDecember.

Diamond drilling at Onslow Project

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 [53 x 14] intentionally omitted <==

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

Liberty Project:

==> picture [423 x 544] intentionally omitted <==

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

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

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.

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 appears.