DEVELOP GLOBAL LIMITED — Regulatory Filings 2009

Jun 8, 2009

ASX Announcement ASX Code: VXR

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9 June 2009

New Zone of Massive Sulphide Mineralisation at Liberty-Indee Base Metals Project

Venturex is pleased to advise that reverse circulation (RC) drilling at the Liberty-Indee Project, located in the Pilbara Region of Western Australia, has intersected significant thicknesses (up to 20m down hole) of massive sulphide mineralisation.

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

Liza Carpene Company Secretary

Contact Details

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

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Logged intersections of massive sulphide mineralisation are summarised in the following table.

Hole	Easting	Northing	Dip	Azimuth	Massive Sulphide Intersection	Massive Sulphide Intersection	Massive Sulphide Intersection	Massive Sulphide Intersection
					From	To	Width	ETW*
JER042	587886	7666984	-60	130	146.0	147.5	1.5	1.0
JER044	587882	7666900	-60	130	61.0	81.0	20.0	17.0
JER046	587875	7666865	-60	130	37.5	53.0	15.5	13.0
JER047	587910	7666954	-60	130	78.0	81.0	3.0	2.5
					85.5	94.0	8.5	7.0

*Estimated True Width

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

ABN: 28 122 180 205

The drilling has delineated a lens of mineralisation at least 200 metres in strike length, up to 50 metres wide and up to 17 metres thick. As indicated on the long-section, the massive sulphide lens is interpreted to plunge shallowly to the north and is open at depth.

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New Zone of Massive Sulphide Mineralisation at Liberty-Indee Base Metals Project

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While chalcopyrite and sphalerite have been visually identified in all intersections, no guidance can yet be given with regard to metal content. The Company will endeavour to expedite results, however it may take up to two months to receive full chemical assays results.

BACKGROUND

The Liberty-Indee Project is located 50km south of Whim Creek in the Pilbara region of Western Australia. A regional mapping program has identified that the mineralisation located at Evelyn is part of a bi-modal volcanic sequence similar in character to many classic volcanic-associated massive sulphide (VMS) settings. The prospective VMS-host stratigraphy has now been traced over 12 strike kilometres and several mapped gossans and VTEM anomalies have been identified along its length.

TIM SUGDEN Managing Director

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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New Zone of Massive Sulphide Mineralisation at Liberty-Indee Base Metals Project

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RC Rig drilling massive sulphides
(note black plume)
RC chips from hole JER44
Massive sulphide chips from JER44
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