DEVELOP GLOBAL LIMITED — Capital/Financing Update 2009

Jul 26, 2009

ASX Announcement Code: VXR

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27 July 2009 Underwritten Non-Renounceable Entitlements Offer

Venturex Resources Limited (Venturex) wishes to announce that it will offering eligible Shareholders the opportunity to acquire additional fully paid ordinary shares (New Shares) in the capital of the Company via an underwritten pro-rata non-renounceable entitlements offer (Entitlements Offer).

The Entitlements Offer will be on the basis of one (1) New Share for every ten (10) shares held at an issue price of 5 cents per share. The maximum number of New Shares that will be issued via the Entitlements Offer will be approximately 39,025,668 shares and will raise approximately $1.95 million before costs.

The offer price represents a 16.7% discount on today’s closing price and an 18% discount to the 30 day VWAP of Venturex shares.

For further details:

Dr Tim Sugden Managing Director T: +61 8 6424 9188 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

Argonaut Capital Limited will manage the capital raising and underwrite the Entitlements Offer.

In the event that the shortfall from the Entitlement Issue is less than 10 million shares, Venturex has agreed with Argonaut Capital Limited to undertake a placement of up to 10 million shares less the number of shares available in the shortfall to be issued to select subunderwriters of Argonaut Capital Limited on the same terms as the Entitlements Offer. The maximum number of new Venturex Shares that would be issued if Venturex Shareholders subscribe for all shares under the Entitlements Offer and Venturex is required to issue all shares under the placement is approximately 49,025,668 shares, raising approximately $2,451,284.

The funds from the Entitlements Offer will be used to conduct follow-up drilling at the emerging high grade base metals project at Liberty-Indee, initiate drill programs at St Elina and Jatoba in Brazil, and provide for general working capital.

Since the announcement of a substantial restructuring in late 2008, the Company has delivered significant returns to Shareholders through effective evaluation of resource assets, acquisition of quality gold projects and minimisation of overhead expenditures. The Directors aim to continue to provide strong returns to Shareholders through careful use of the new funds.

A timetable will be announced shortly and a Prospectus will be lodged with ASIC and the ASX in due course.

Contact Details

Registered Office: Level 1 35 Richardson Street West Perth WA 6005 T: +61 8 6424 9188 F: +61 8 9463 7836

TIM SUGDEN Managing Director

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

ABN: 28 122 180 205

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