DEVELOP GLOBAL LIMITED — Regulatory Filings 2010

Jun 29, 2010

ASX Announcement Code: VXR

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30 June 2010

Outstanding Copper ‐ Gold Intersections at Whim Creek

Assay results include:

39.4 metres @ 2.8% Cu & 1.61g/t Au including 18 metres @ 5.0% Cu & 3.39g/t Au

Venturex Resources Limited is pleased to report that resource definition drilling at Mons Cupri, part of the Pilbara Volcanogenic Massive Sulphide (VMS) Project, has intersected copper‐gold mineralisation of outstanding grade and width.

For further details:

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

Board

Vertical diamond hole MCD001 intersected 39.4 metres @ 2.8% Cu and 1.61g/t Au from 33 metres, including an upper zone of 18 metres @ 5.0% Cu and 3.39g/t Au. The mineralised intersection is approximately true width and confirms continuity of a high grade copper‐gold zone in the upper part of the Mons Cupri VMS system.

The new diamond drilling results and previously reported RC drilling results (refer to attached table) will be incorporated into a revised estimation of the Mons Cupri mineral resource to JORC standard. It is anticipated that Mons Cupri will form the primary production centre for a future sulphide operation at Whim Creek.

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

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Mons Cupri Cross‐section (7690820mN) showing diamond and RC drilling results

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Outstanding Copper ‐ Gold Intersections at Whim Creek Released: 30 June 2010

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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:

• Depth extensions of high grade Zn‐Pb‐Ag mineralisation located at Salt Creek

• Testing for depth extensions of the known copper lenses at Salt Creek

• 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

• 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.

Mons Cupri RC (MCR) and Diamond (MCD) Drilling Results

Hole ID	Easting	Northing	RL	Dip	Azimuth	Depth	From	To	Metres	Cu %	Zn %	Pb %	Ag g/t	Au g/t
MCR001	583883	7690840	89	‐85	270	98	40	93	53	1.7%	0.6%	0.2%	23.2	0.38
Including							40	45	5	1.1%	4.1%	1.1%	58.0	0.17
							43	65	22	2.9%	0.6%	0.1%	12.7	0.60
							51	61	10	4.5%	0.3%	0.0%	26.5	1.29
MCR002	583895	7690790	83	‐76	270	65	41	59	18	1.0%	2.5%	1.0%	59.3	0.26
Including							41	52	11	1.7%	3.1%	1.2%	80.7	0.28
							42	48	6	2.7%	0.9%	0.4%	78.8	0.33
MCR003	583869	7690760	82	‐90		59	44	50	6	0.0%	1.2%	0.7%	19.6	0.09
Including							44	55	11	0.0%	0.9%	0.5%	11.8	0.06
							44	46	2	0.1%	2.1%	1.8%	50.0	0.18
MCR004	583884	7690800	85	‐57	270	92	61	73	12	0.9%	5.4%	2.9%	102.9	0.35
MCR005	583867	7690874	93	‐65	270	119	48	111	63	1.9%	1.3%	0.4%	29.7	0.43
Including							48	51	3	0.6%	14.9%	3.9%	71.7	0.67
							51	62	11	4.7%	1.6%	0.4%	82.3	1.29
MCR006	583889	7690818	88	‐57	270	113	68	107	39	1.9%	2.1%	0.8%	57.2	1.17
Including							68	74	6	0.9%	7.4%	2.3%	90.8	0.16
							80	89	9	4.0%	0.8%	0.3%	107.8	4.14
MCD001	583896	7690825	89	‐90		75.4	33	72.4	39.40	2.8%	1.2%	0.4%	41.5	1.61
Including							34	52	18.00	5.0%	1.9%	0.6%	74.7	3.39

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