DEVELOP GLOBAL LIMITED — Regulatory Filings 2010

Jun 29, 2010

ASX Announcement Code: VXR

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30 June 2010

Spectacular Zinc-Lead-Silver Grades at Salt Creek, Pilbara VMS Project

Assay results include:

3.45 metres @ 49.2% Zn, 7.1% Pb, 327g/t Ag and 4.1g/t Au 4.75 metres @ 47.8% Zn, 8.7% Pb, 294g/t Ag and 0.9g/t Au

Venturex Resources Limited is pleased to report that resource definition drilling at Salt Creek, part of the Pilbara Volcanogenic Massive Sulphide (VMS) Project, has intersected very high grade zinc‐lead‐silver mineralisation.

For further details:

Dr Tim Sugden Managing Director T: +61 8 6389 7403 M: +61 407 085 032 E: tim.sugden@venturexresources.com

In the eastern massive sulphide lens, diamond hole SCD005 intersected 3.45 metres @ 49.2% Zn, 7.1% Pb, 327g/t Ag and 4.1g/t Au and SCD009 intersected 4.75 metres @ 47.8% Zn, 8.7% Pb, 294g/t Ag and 0.9g/t Au. The true width of the sub‐vertical massive lens is estimated to range from 2 to 3 metres.

In the western massive sulphide lens, diamond hole SCD002 intersected 12.8 metres @ 8.8% Zn, 4.7% Pb, 76g/t Ag and 0.5g/t Au. The intersection confirms continuity of massive sulphide mineralisation in the upper part of the lens.

Board

Allan Trench Non-Executive Chairman

Tim Sugden Managing Director

Michael Mulroney Non-Executive Director

Anthony Reilly Executive Director

Liza Carpene Company Secretary

Contact Details

Registered Office: Suite 3, Level 1 127 Cambridge Street West Leederville WA 6007 T: +61 8 6389 7400 F: +61 8 9463 7836

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

ABN: 28 122 180 205

The results confirm continuity of very high grade mineralisation in the main zinc‐ lead‐silver lenses at Salt Creek and support the potential for selective narrow vein underground mining. A revised estimate of a high grade zinc‐lead‐silver will be determined to JORC standard.

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Salt Creek Long Section showing new diamond drilling results (other results pending)

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Spectacular Zinc‐Lead‐Silver Grades at Salt Creek, Pilbara VMS Project Released: 30 June 2010

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Indium grades are also significant in the massive sulphide zones, including 3.45m @ 223g/t in SCD005 and 4.75m @ 69g/t in SCD009. Due to growing demand for indium in liquid crystal displays and thin‐film solar technology, the price of indium has increased substantially in the last 5 years and now trades at approximately US$600/kg after reaching a high of US$1,000/kg in 2006. Flotation recovery of indium to zinc and lead concentrates is yet to be determined. Smelters and refiners may pay a premium for concentrates containing indium above a threshold value.

Continuing Work Program

The RC and diamond drilling program will continue targeting an extensive list of exploration opportunities within the broader Whim Creek and Liberty‐Indee VMS provinces including the following:

• Delineation of high grade Cu‐Au mineralisation at Mons Cupri

• Targeting the lateral and depth extensions of the Balla Balla VMS lens (Salt Creek trend)

• Untested geochemical and geophysical anomalies in the broader Salt Creek VMS Belt

• Numerous untested gossans in the Whim Creek ‐ Mons Cupri corridor

Cross‐section of western lens, Salt Creek

• Depth extensions of the main Whim Creek VMS system

• Depth extensions of the main Evelyn VMS lens at Liberty‐Indee

• Untested gossans on the regional Liberty‐Indee VMS horizon

TIM SUGDEN Managing Director

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is a well funded Australian exploration and development company with a portfolio of VMS projects in the Western Pilbara. Venturex owns or controls 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 Liberty‐Indee. 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.

Competency Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Tim Sugden BSc, PhD, who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Sugden is a fulltime employee of Venturex Resources Limited and has sufficient experience relevant to the style of mineralisation, type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves”. Dr Sugden consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Salt Creek RC and Diamond Drilling Results

Hole ID	Type	Easting	Northing	RL	Dip	Az	Depth	From	To	Metres	Cu %	Zn %	Pb %	Ag g/t	Au g/t
SCD002	Diamond	573466	7704612	10	‐59	330	150.4	121	133.8	12.8	0.1%	8.8%	4.7%	75.5	0.54
Including								126.9	133.8	6.9	0.2%	14.6%	7.7%	122.4	0.96
SCD005	Diamond	573696	7704763	12	‐63	330	120.1	107.95	111.4	3.45	0.7%	49.2%	7.1%	327.4	4.13
SCD009	Diamond	573716	7704805	10	‐65	330	90.4	72.4	77.15	4.75	0.2%	47.8%	8.7%	294.2	0.90
SCR001	RC	573626	7704762	12	‐60	330	51	12	15	3	0.2%	1.3%	3.9%	33.3	0.44
SCR002	RC	573669	7704820	10	‐60	330	45	No Significant Result
SCR003	RC	573604	7704732	10	‐60	330	45	No Significant Result
SCR004	RC	573388	7704667	10	‐60	330	57	37	40	3	0.0%	1.6%	0.8%	36.7	0.02
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