DEVELOP GLOBAL LIMITED — Regulatory Filings 2010

Jul 18, 2010

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Venturex Resources Limited
ACN/ARSN	122 180 205
1. Details of substantial holder (1)
Name	KUMBHALGARH PTY LTD
ACN/ARSN (if applicable)	103 643 161
The holder ceased to be a substantial holder on	21/6/2010
The previous notice was given to the company on	12/2/2010
The previous notice was dated	12/2/2010

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
19-22/2/10	Kumbhalgarh Pty Ltd	On market purchase	\$8,685.00	115,000 Ord F/P	31,135,000 (5.81%)
$26/2 - 1/3/10$	Kumbhalgarh Pty Ltd	On market purchase	\$4,282.80	51,600 Ord F/P	31,186,600 (5.82%)
14/6/10	Kumbhalgarh Pty Ltd	On market purchase	\$11,912.50	150,000 Ord F/P	31,336,600 (5.08%)
21/6/10	Kumbhalgarh Pty Ltd	Diluted holding*	N/A	31,336,600 Ord F/P	31,336,600 (4.93%)

Note*: Kumbhalgarh Pty Ltd ceased to be a Substantial Holder as holding was diluted below 5% as a result of the placement of 19,444,444 shares to Regent Pacific Group Limited on 21 June 2010.

3. Change in association

The persons who have become associates (3) or, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

. Name and ACN/ARSN (if applicable)	Nature of association ------------
N/A	N / 4 תמו _

4. Addresses

The addresses of persons named in this form are as follows:

Name	____ Address
Kumbhalgarh Pty Ltd	C/- Haydon Kinnaird, 171 Main Street, Osborne Park WA 6017

Signature

Print Name:	Timonthy John Sugden	Capacity:	Director
Sign Here:		Date:	19/7/2010

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
  manager and trustee of an equity trust), the names could be included in an ann $(1)$ persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(2)$
• See the definition of "associate" in section 9 of the Corporations Act 2001. $(3)$
• $(4)$ Include details of:
• any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) $(a)$ applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or
  disposal of the securities to which the relevant interest relates (indicating clearly the $(b)$ applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was
  acquired has, or may, become entitled to receive in relation to that acquisition. Details m $(5)$ relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
• $(6)$ The voting shares of a company constitute one class unless divided into separate classes.
• $(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.