DEVELOP GLOBAL LIMITED — Regulatory Filings 2008

Jan 7, 2008

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ABN 28 122 180 205 www.juttholdings.com

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ASX ANNOUNCEMENT (ASX Code: JUT)

8 January 2008

Copper/Zinc/Lead with Gold/Silver Mineralisation Extended in Drill Results at the Liberty – Indee Project Evelyn Prospect and Copper/Zinc/Gold/Silver Drill Results at Quarmby Prospect

HIGHLIGHTS

• Further drill results confirm extension of mineralisation at Evelyn prospect

• 215m strike for Cu-Zn-Pb-Au-Ag poly metallic mineralisation, open ended to the North East

• Best results JER006 20.0%Cu,13.0%Zn: JER008 3.4%Cu, 5.65%Zn: JER004 2.5%Cu, 1.9%Zn, 4g/tAu: JER003 1.0% Cu, 2.6%Zn at Evelyn Prospect

• 2 stoped bodies, one of higher grade occur over a 120m VTEM anomaly delineated at Evelyn prospect,

• Preliminary drilling results from Quarmby Prospect highly encouraging with subsurface mineralisation outlining a stratiform style of deposit

• Anticipate further drill results in 3 weeks

Further encouraging drill results have been received at the Company’s Evelyn prospect confirming the extension of the poly metallic mineralisation announced in the previous drilling update.

Also, results from 2 drill holes out of 9 holes drilled at the Quarmby Prospect have been received and confirms CuZn-Au-Ag mineralisation.

These further preliminary results are summarised in Tables 1 and 2.

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

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Table 1: Evelyn Prospect

Drill hole #	Cu (%)	Zn (%)	Pb (%)	Au (g/t)	Ag (g/t)	Interval	Comments
JER002		0.17				(39m)	12-51m
JER003		0.53				(8m)	38-46m including
JER003	0.43	0.92			5.5	(2m)	42-44m
JER003	1.00	2.55	0.51	0.45	42	(1m)	53-54m end of hole
JER004	1.55	1.1	0.32	1.9	14.7	(3m)	5-8m
JER006	6.45	3.24	1.05	0.86	67	(10m)	33-43m
JER007		0.97				(2m)	15-17m
JER007	0.15	0.22				(5m)	22-27m
JER007	0.14	0.25				(3m)	29-32m
JER008	1.5	2.8	0.53	0.62	40	(6m)	46-52m

Table 2: Quarmby Prospect

Drill hole #	Cu (%)	Zn (%)	Pb (%)	Au (g/t)	Ag (g/t)	Interval
JQR004	0.79	0.27		0.48	0.85	(4m)	10-14m including
JQR004	1.3	0.2		0.95	1.75	(2m)	10-12m
JQR005		0.11				(3m)	7-10m

Evelyn and Quarmby

The Company is highly encouraged by the assay results of RC drilling (NQ drill bit) from the Evelyn prospect particularly with results between Drill Holes JER003-JER004-JER006JER008, which confirms a 215 metre record of Cu-Zn-Pb-Au-Ag (CZPAA) mineralisation which requires infill drilling to determine the resource potential. Quarmby is exhibiting a stratiform style of deposit which will be further elaborated on when drill results are received in about 3 week’s time.

Further drill results – Future Drilling

Assay results from 299 remaining samples are expected in about 3 weeks which will provide further information on the entire drill samples from Evelyn, Quarmby and selected VTEM targets drilled in the 2007 drilling program.

Initial results are highly encouraging as the mineralisation occurs from surface. The final results once fully interpreted will enable a follow up drill program to be undertaken to better outline the resource potential.

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

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Drill Hole 7
Drill Hole 8
22-27m
46-52m
5m @ 0.15% Cu, 0.22% Zn
6m @ 1.5% Cu, 2.8% Zn,
29-32m
0.53% Pb, 0.62 g/t Au,
3m @ 0.14% Cu, 0.25% Zn
40 g/t Ag
Drill Hole 6
33-43m
10m @ 6.45% Cu,
3.24% Zn, 1.05% Pb,
0.86g/t Au, 67 g/t Ag
Drill Hole 9
Results
pending
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Figure 1

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

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Cu, Zn,
Pb, Au,
A
Cu, Zn
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Figure 2

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

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Figure 3

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

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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 Liberty-Indee Projects. The Onslow Project consists of two granted Mining Leases over two prospects, being the Range leadsilver prospect and the Turtle copper-lead-silver prospect. The Company is currently drilling on the 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

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