DEVELOP GLOBAL LIMITED — Regulatory Filings 2008

Jun 5, 2008

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

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

ABN 28 122 180 205 www.juttholdings.com

==> picture [75 x 76] intentionally omitted <==

ASX ANNOUNCEMENT (ASX Code: JUT)

6 June 2008

JUTT POSITIONED FOR GROWTH

Following the release in January and April 2008 of high grade intersects of massive sulphides, the identification of a potential new Volcanic Massive Sulphide ( VMS ) Province and the completion of the recent capital raisings, Jutt Holdings Limited ( Jutt or the Company ) is pleased to announce the proposed appointment of Mr Michael Mulroney as a Non-Executive Director and Argonaut as its financial and corporate adviser.

Mr Mulroney (MBA, BAppSc (Geol)) has over 25 years experience in the natural resources and finance sectors, with 12 years experience as a geologist and mining company executive across a broad range of commodities throughout Australia and South East Asia. From 1991 to 2002 Mr Mulroney worked for Rothschild’s Global Resources Group in a number of senior roles, ultimately becoming the Director responsible for Rothschild’s activities in Western Australia. During this time Mr Mulroney gained extensive experience in all aspects of the resources industry, including project development, financing, M&A, treasury and product off-take arrangements. Mr Mulroney is currently an Executive Director of Argonaut and is the Chief Investment Officer of the AFM Perseus Fund.

Mr Mulroney has relevant experience in the evaluation and development of VMS deposits and will assist the Company’s Project Team.

Argonaut’s role as Jutt’s financial and corporate adviser is to assist it in implementing a strategy to maximise value from the Company’s projects.

The proposed appointments of Mr Mulroney and Argonaut are conditional upon resolutions 1 to 4 of the Notice of Meeting lodged with the Australian Securities Exchange (“ASX”) on 7 May 2008 not passing, and resolutions 5 to 7 passing. Mr Mulroney will be entitled to apply for 1,000,000 options exercisable at $0.15 conditional upon shareholders approval.

Mr Mulroney said:

“I welcome the opportunity to work closely with Jutt as they enter into a new phase of their growth through the exploration and the potential development of an emerging VMS province in the Pilbara.”

Jutt‘s Managing Director, Mr Ayaz Khan said:

“We are extremely encouraged by the support from Argonaut with respect to our recent capital raising and its decision to become a substantial shareholder and be the Company’s corporate adviser. We are also delighted to have someone of Mike Mulroney’s calibre join our Board. Together, we believe that this partnership will maximise value for our shareholders.”

==> picture [52 x 27] intentionally omitted <==

==> picture [34 x 33] intentionally omitted <==

For further information contact:

Ayaz Khan Telephone: +61 8 6424 9188

For more information visit www.juttholdings.com and sign up for email news.

==> picture [219 x 59] intentionally omitted <==

==> picture [219 x 59] intentionally omitted <==

==> picture [219 x 59] intentionally omitted <==

==> picture [219 x 59] intentionally omitted <==

==> picture [219 x 58] intentionally omitted <==

Figure 1 – Project Locations

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 three projects. Two projects occur in the Pilbara region of Western Australia, the Onslow and Liberty-Indee Projects and the Tay Munglinup Project in the south west Ravensthorpe region.

The Onslow Project consists of two granted Mining Leases over two prospects, being the Range lead-silver prospect and the Turtle copper-leadsilver prospect. The Company is currently diamond core and reverse circulation drilling on its Onslow project.

The Liberty-Indee Project consists of two granted exploration licences. A target generation study has identified highly ranked VTEM targets and other targets prospective for copper, lead, zinc, nickel and gold mineralisation with JORC resource drilling on its Evelyn Prospect in 2007 & 2008. High grade intersections of up to 20% copper and 19% zinc have been recovered.

Magnetic BIF (banded iron formation) has also been identified at the company’s neighbouring Copper Mine Range prospect which is a 10 kilometre strike length of sediments with samples grading up to 36.8%Fe.

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.