DEVELOP GLOBAL LIMITED — Capital/Financing Update 2010

Aug 16, 2010

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Section 708A(5) Notice

On Monday, 16 August 2010, Venturex Resources Limited (Venturex) issued 19,444,444 fully paid ordinary shares to Regent Pacific Group Limited (Regent) as the final component in the placement package (refer announcement released on 16 June 2010).

ASX Announcement ASX Code: VXR Released: 17 August 2010

For further details Ms Liza Carpene Company Secretary T: +61 8 6389 7400 liza.carpene@venturexresources.com

Regent now hold 19.9% of the issued capital in Venturex.

This notice is given under paragraph 5(e) of Section 708A of the Corporations Act 2001 (Cth) (Corporations Act).

Accordingly the Company gives notice under section 708A(5)(e) of the Corporations Act that:

1. the securities were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

2. as at the date of this notice, the Company has complied with:

   • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • (ii) Section 674 of the Corporations Act; and

3. as at the date of this notice there is no information to be disclosed which is "excluded information" as defined in subsection 708A(7) of the Corporations Act.

Board

Tony Kiernan Chairman

Tim Sugden Managing Director

Michael Mulroney Non-Executive Director

Allan Trench Non-Executive Director

Anthony Reilly Executive Director

Liza Carpene Company Secretary

LIZA CARPENE Company Secretary

Contact Details

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an Australian exploration and development company with a portfolio of VMS projects in the Western Pilbara. Venturex owns the Whim Creek Copper Mine and all associated mining leases and exploration tenements including copper, zinc, lead, silver and gold resources at Whim Creek, Mons Cupri, Salt Creek and controls the Liberty-Indee Project. Other assets include the Whim Creek Hotel, an accommodation village, crushing circuit and various mining infrastructure. The Company is committed to a strategy of consolidating VMS projects in the Western Pilbara and developing Whim Creek as a centralised processing hub. Venturex is also exploring for gold in Brazil through its wholly owned subsidiary CMG Mineracao Ltda.

Registered Office Suite 3, Level 1 127 Cambridge Street West Leederville WA 6007

T: +61 8 6389 7400 F: +61 8 9463 7836 admin@venturexresources.com www.venturexresources.com

ABN: 28 122 180 205