DEVELOP GLOBAL LIMITED — Regulatory Filings 2007

Oct 22, 2007

==> picture [129 x 37] intentionally omitted <==

==> picture [129 x 37] intentionally omitted <==

ABN 28 122 180 205 www.juttholdings.com

ASX ANNOUNCEMENT (ASX Code: JUT)

23 October 2007

NICKEL SULPHIDE SEARCH ADVANCES - GEOPHYSICAL SURVEY OUTLINES ANOMALIES

On 21 June 2007, Jutt Holdings Limited announced that it had reached agreement to a farm-in option to acquire 60% equity in the Tay-Munglinup Nickel Project to ASX-listed Minemakers Limited (“Minemakers”).

In October, Jutt advised Minemakers that it has completed a very detailed airborne EM geophysical survey of a greater portion of the Tay-Munglinup leases, comprising 2051 line kilometres of airborne data.

Jutt also advised that it has received preliminary advice from its geophysical consultant that several conductor anomalies, of the style characteristic of nickel sulphide deposits, may have been located.

Detailed interpretation has yet to be investigated and the results are expected in the next few weeks. When they are available, an appropriate statement will be made to the market.

Jutt Holdings Limited Tel. +61 8 6424 9188 Fax. +61 8 9463 7836 Place of Business: 1[st] 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 [56 x 32] intentionally omitted <==

==> picture [410 x 622] intentionally omitted <==

==> picture [56 x 32] 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 two projects in the Pilbara region of Western Australia, Onslow and Liberty-Indee Projects, both of which it has the rights to acquire major participating interests.

The Onslow Project consists of two granted Mining Leases over two prospects, being the Range lead-silver prospect and the Turtle copper-lead-silver prospect.

The Liberty-Indee Project consists of two granted exploration licences. A target generation study has identified four highly ranked targets and another four targets prospective for gold mineralisation, one of which has the potential for copper, lead, zinc and gold mineralisation.

Jutt Holdings also has plans to explore the Kooline Project for high grade lead silver ore, and the Tarrawarra Application for silver and base metals associated within a structural corridor.

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.