DEVELOP GLOBAL LIMITED — Regulatory Filings 2009

Oct 6, 2009

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ASX Announcement Code: VXR

7 October 2009

New Drilling Results Confirm Massive Sulphide Discovery at Liberty-Indee Project, Western Australia

Significant results include:

 18 metres @ 3.0% Cu, 9.0% Zn, 0.7% Pb, 55 g/t Ag and 1.5 g/t Au  12 metres @ 3.3% Cu, 4.2% Zn, 0.4% Pb, 57 g/t Ag and 1.2 g/t Au  13 metres @ 2.56% Cu, 4.98% Zn, 0.19% Pb, 41.1 g/t Ag and 1.92 g/t Au  20 metres @ 5.6% Cu, including 3 metres @ 29.8% Cu (oxide)

For further details:

Dr Tim Sugden Managing Director T: +61 8 6389 7403 M: +61 407 085 032 E: tim.sugden@venturexresources.com

Board

Allan Trench Non-Executive Chairman

Tim Sugden Managing Director

Michael Mulroney Non-Executive Director

Anthony Reilly Executive Director

Liza Carpene Company Secretary

Contact Details

Registered Office: Suite 3, Level 1 127 Cambridge Street West Leederville WA 6007 T: +61 8 6389 7400 F: +61 8 9463 7836

E: admin@venturexresources.com W: www.venturexresources.com

ABN: 28 122 180 205

Venturex Resources Limited (Venturex) is pleased to report further significant RC drill intersections at the Evelyn Prospect, Liberty‐Indee Project, Pilbara Region, Western Australia. Evelyn and similar prospects in the Liberty‐Indee Project area are believed to be part of an Achaean Volcanic‐associated Massive Sulphide (VMS) system. The new drilling results confirm the continuity and width of copper‐zinc‐lead‐silver‐gold mineralisation in the core of the recently discovered South Lens and extend the known depth of mineralisation to at least 200 metres below surface. Venturex intends to complete a Mineral Resource estimate before the end of 2009.

Reverse Circulation Drilling Results at Evelyn Prospect

Hole	Collar Coordinates GDA94 MGA Zone 50	Collar Coordinates GDA94 MGA Zone 50	Dip/Az	End of Hole Depth	Significant Intersection	Significant Intersection	Significant Intersection	Significant Intersection	Significant Intersection	Significant Intersection	Significant Intersection	Significant Intersection	Significant Intersection
	Easting	Northing			From	To	Width	ETW	Au g/t	Ag g/t	Pb %	Cu %	Zn %
JER056	587913.4	7667089.5	‐60/130	262	232	236	4	2.5	0.35	27.50	0.23%	1.41%	1.99%
JER060	587893.9	7666927.1	‐61/130	112	72	90	18	14.0	1.53	55.00	0.68%	3.00%	9.02%
JER061	587873.5	7666932.2	‐61/130	136	111	112	1	0.6	0.26	55.00	1.33%	0.89%	14.50%
JER062	587909.2	7666920.2	‐60/130	82	64	71	7	5.0	1.06	40.71	0.13%	3.10%	3.68%
JER063	587926.2	7666915.0	‐60/130	58	41	46	5	3.5	0.62	33.00	0.25%	2.27%	1.74%
JER064	587929.0	7666945.8	‐60/130	82	65	74	9	7.0	0.49	29.44	0.19%	1.79%	1.49%
including					65	69	4	3.0	0.96	52.50	0.31%	3.21%	2.18%
JER066	587893.7	7666958.0	‐60/130	148	105	117	12	7.6	1.22	57.08	0.39%	3.29%	4.20%
JER067	587894.6	7666890.9	‐60/130	76	51	58	7	5.3	0.91	35.71	0.18%	2.38%	4.34%
JER068	587907.7	7666882.3	‐60/130	52	31	42	11	8.0	0.58	34.55	0.23%	4.03%	4.56%
including					31	38	7	5.0	0.88	54.29	0.35%	6.07%	6.59%
JER069	587905.6	7666991.8	‐60/130	148	122	132	10	8.0	1.52	35.50	0.14%	2.78%	3.04%
JER070	587921.9	7666980.0	‐60/130	124	97	113	16	10.7	0.88	37.50	0.37%	2.01%	2.41%
including					97	109	12	8.0	1.10	47.50	0.48%	2.45%	2.97%
JER072*	587868.9	7666840.2	‐60/130	17	0	17	17	10.0	0.02	1.47	0.10%	0.66%	0.33%
including					16	17	1	0.6	0.02	5.00	0.97%	3.25%	1.78%
JER073*	587864.8	7666843.2	‐60/130	46	16	36	20	13.0	0.12	9.75	0.17%	5.64%	0.94%
including					23	30	7	4.7	0.31	25.00	0.37%	14.44%	1.34%
including					26	29	3	2.0	0.71	58.33	0.57%	29.83%	2.64%
JER074	587906.8	7667025.4	‐60/130	166	147	160	13	9.0	1.92	41.15	0.19%	2.56%	4.98%

• Mainly Oxide ETW = Estimated True Width

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New Drilling Results Confirm Massive Sulphide Discovery at Liberty-Indee Project, Western Australia Released: 7 October 2009

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Two massive sulphide lenses (North and South) have been identified by RC drilling. The North Lens has a long axis length of approximately 200 metres and plunges to the north at approximately 50 degrees. High grade copper‐zinc mineralisation is erratically distributed within the lens and maximum true width is approximately 12 metres. Further drilling is required to test for down plunge extensions.

The larger South Lens has a long axis length of at least 300 metres and plunges to the north at approximately 40[o] . The horizontal strike length is in the range 60‐125 metres and maximum true width is approximately 16 metres. A well defined high grade core is characterised by copper grades greater than 2.5% and copper/zinc ratios >1.0. An outer envelope has lower copper grades and copper/zinc ratios <1.0. The lens is open at depth and interpreted to extend below the North Lens.

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(New RC results highlighted in yellow)
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Oxide Zones

The VMS lenses are partially to completely oxidised within 20 vertical metres of surface. Significant intersections in the oxide and supergene zones include 17 metres @ 0.66% Cu from 0 metres and 20 metres @ 5.64% Cu from 16 metres, including 3 metres @ 29.8% Cu from 26 metres. A modest oxide copper resource is anticipated in these zones. Consideration will be given to recovery of copper via a cementation process at the Whim Creek operation (see below).

Resource Estimation

Venturex plans to complete Mineral Resource and open pit Ore Reserve estimates, compliant with the JORC Code, before the end of 2009.

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New Drilling Results Confirm Massive Sulphide Discovery at Liberty-Indee Project, Western Australia Released: 7 October 2009

Quarmby Exploration Drilling

Five RC holes were drilled to test massive sulphide mineralisation at the Quarmby Prospect, located eight kilometres northeast of the Evelyn Prospect. Up to 14 metres of massive pyrite‐pyrrhotite mineralisation was intersected, but base metals grades are low (6 metres @ 0.49% Cu from 52 metres). Further drilling may be undertaken to test for higher grade zones along strike.

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Reverse Circulation Drilling Results—Quarmby Prospect

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End of
Collar Coordinates
Hole Dip/Az Hole Sulphide Intersection
GDA94 MGA Zone 50
Depth
Easting Northing From To Width ETW Au g/t Ag g/t Pb % Cu % Zn %
JQR009 589051.1 7670396.2 ‐60/270 136 25 26 1 N/A 0.08 ‐5.00 0.00% 0.66% 0.09%
JQR012 588852.9 7670569.6 ‐60/270 124 52 58 6 N/A 0.15 0.00 0.00% 0.49% 0.12%
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Consolidation of Regional VMS Resources

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As announced on 20 August 2009, subject to Shareholder approval, Venturex has agreed terms with Straits Resources Limited to acquire all the issued capital in Straits (Whim Creek) Pty Ltd, the owner of the Whim Creek copper oxide operation and significant copper‐zinc‐ silver resources at Mons Cupri, Whim Creek and Salt Creek (11 million tonnes @ 1.45% Cu equivalent[1] ). On completion of the transaction, Venturex intends to commence a scoping study of a centralised milling facility treating copper‐zinc‐lead‐silver‐gold ores from open pit operations at Liberty‐Indee, Mons Cupri and and Whim Creek. The anticipated milling rate is 500,000 tonnes per annum with a targeted copper‐equivalent production rate of approximately 10,000 tonnes per annum.

TIM SUGDEN Managing Director

1Announcement to ASX dated 20 August 2009

Competency Statement

The information in this report, as it relates to Exploration Results, is based on information compiled and/or reviewed by Dr Tim Sugden PhD, BSc (Hons), who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Sugden is Managing Director of Venturex Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2004 Edition of the“Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.” Dr Sugden consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

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