DEVELOP GLOBAL LIMITED — Director's Dealing 2010

Jul 13, 2010

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of Entity	VENTUREX RESOURCES LIMITED (VXR)
ABN:	28 122 180 205

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	ANTHONY WILLIAM KIERNAN
Date of appointment	14 JULY 2010

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Nil

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature ofinterestNote: Provide details of the circumstances giving rise tothe relevant interest.Director & Shareholder ofCentral Manhattan Pty Ltd<A W Kiernan Super Fund A/C>	Number & class of Securities750,000 ordinary fully paid shares

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Contract for Service
Nature of interest	Appointment as Non-Executive Chairman
Name of registered holder(if issued securities)	Anthony William Kiernan or nominee
No. and class of securities towhich interest relates	As disclosed in the announcement dated 14 July2010, subject to Shareholder approval at theAGM: 3,000,000 unlisted options to acquire ordinaryshares in the Company at no cost options will vest immediately upon issue andwill expire three years from the date of issue,at an exercise price being a 50% premium tothe share price at the date of issue, with a floorexercise price of 15 cents per option.

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002