DEVELOP GLOBAL LIMITED — Regulatory Filings 2010

Jun 22, 2010

ASX Announcement Code: VXR

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23 June 2010 RC Drilling Intersects Broad Zones of Cu‐Au Mineralisation at Whim Creek

Assay results include:

MCR005 63 metres @ 1.9% Cu, 1.3% Zn and 0.43g/t Au including 11 metres @ 4.7% Cu, 1.6% Zn and 1.29g/t Au MCR006 39 metres @ 1.9% Cu, 2.1% Zn and 1.17g/t Au including 9 metres @ 4.0% Cu, 0.8% Zn and 4.14g/t Au

For further details:

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

Venturex Resources Limited (Venturex) is pleased to report that resource definition drilling at Mons Cupri, part of the Pilbara Volcanogenic Massive Sulphide (VMS) Project, has continued to intersect substantial widths of copper mineralisation, along with zones of zinc, lead, silver and gold mineralisation.

The first hole (MCR001) in the infill program (reported on 16 June 2010) at Mons Cupri intersected 53 metres of copper mineralisation, including a higher grade zone of 22 metres @ 2.9% Cu.

Board

Allan Trench Non-Executive Chairman Tim Sugden Managing Director Michael Mulroney Non-Executive Director Anthony Reilly Executive Director Liza Carpene Company Secretary

Intersections in holes MCR004 (12 metres @ 0.9% Cu) and MCR006 (39 metres @ 1.9% Cu and 1.17g/t Au) have expanded the main zone of copper mineralisation to the southwest. Gold grades are significant in this newly defined extension, including 9 metres @ 4.14g/t Au in MCR006.

MCR005 intersected 63 metres @ 1.9% Cu, including a significant lower zone of chalcopyrite stringer mineralisation. The true width of the ore zone is interpreted to be approximately 30 metres. The new results have improved the width and continuity of copper mineralisation in the central part of the Mons Cupri VMS lens.

Further full assay results are pending. The results from the ongoing drilling program will be progressively reported over the coming weeks and will be incorporated into revised estimations of the Mons Cupri high grade mineral resources to JORC standard.

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

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 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

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RC Drilling Intersects Broad Zones of Cu‐Au Mineralisation at Whim Creek Released: 23 June 2010

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• 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

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Plan view of main Mons Cupri VMS showing new results

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Plan view of Mons Cupri area showing potential VMS extensions to the north west

TIM SUGDEN Managing Director

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RC Drilling Intersects Broad Zones of Cu‐Au Mineralisation at Whim Creek

Released: 23 June 2010

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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.

Details of New Results

HoleID Easting Northing RL Dip Azimuth Depth MCR004 583884 7690800 85 ‐57 270 92 MCR005 583867 7690874 93 ‐65 270 119 MCR006 583889 7690818 88 ‐57 270 113 including including including including	Easting	Northing	RL	Dip	Azimuth	Depth	From	To	Metres	Cu %	Zn %	Pb %	Ag g/t	Aug/t
	583884	7690800	85	‐57	270	92	61	73	12	0.9%	5.4%	2.9%	102.9	0.35
	583867	7690874	93	‐65	270	119	48	111	63	1.9%	1.3%	0.4%	29.7	0.43
							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
	583889	7690818	88	‐57	270	113	68	107	39	1.9%	2.1%	0.8%	57.1	1.17
							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

Pending and Received Results

Hole ID	Collar Coordinates GDA MGA Zone 50	Collar Coordinates GDA MGA Zone 50	Hole Depth	Dip	Azimuth	Sulphide Intersection (visual)	Sulphide Intersection (visual)	Sulphide Intersection (visual)
	Easting	Northing				From	To	Width	**Assays **
JED005	587887	7666914	99.4	‐60.0	118	68.50	78.30	9.80	pending
SCD001	573441	7704596	147.4	‐60.0	331	96.00	98.50	2.50	pending
SCD002	573466	7704612	150.4	‐59.2	328	122.00	133.70	11.70	pending
SCD004	573740	7704780	144.4	‐63.0	328	103.00	103.50	0.50	pending
SCD005	573696	7704763	120.1	‐62.8	328	107.95	111.40	3.45	pending
SCD007	573469	7704577.5	192.7	‐66.0	328	151.30	169.30	18.00	pending
SCD008	573776	7704745.5	212.0	‐66.8	329				pending
SCD009	573716	7704805	90.4	‐64.8	328	72.75	77.20	4.45	pending
SCD010	573681	7704799	81.5	‐61.0	328	63.90	65.00	1.10	pending
SCD011	573407	7704633	93.5	‐62.5	329	73.00	73.50	0.50	pending
SCD012	573644	7704729	102.5	‐62.0	327	49.40	60.50	11.10	pending
						83.00	89.00	6.00	pending
SCD013	573423	7704644	114.4	‐61.5	328	77.40	87.00	9.60	pending
SCD015	573450	7704550.5	234.3	‐70.0	331	217.00	226.00	9.00	pending
SCD017	573711	7704714.5	176.9	‐64.8	329				pending
SCR001	573626	7704762	51.0	‐59.0	328	22.00	26.00	4.00	pending
SCR002	573669	7704820	45.0	‐58.5	328	36.00	37.00	1.00	pending
SCR003	573604	7704732	45.0	‐59.4	328				pending
SCR004	573388	7704667	57.0	‐59.8	326	38.00	43.00	5.00	pending
MCD001	583896	7690825	75.4	‐90.0	360	33.00	53.00	20.00	pending
MCR001	583883	7690840	98.0	‐85.0	285	41.00	94.00	53.00	Reported
MCR002	583895	7690790	65.0	‐76.5	274	41.00	46.00	5.00	Reported
MCR003	583869	7690760	59.0	‐90.0		44.00	50.00	6.00	Reported
MCR004	583884	7690800	92.0	‐57.5	266	60.00	76.00	16.00	Reported
MCR005	583867	7690874	119.0	‐65.0	261	48.00	64.00	16.00	Reported
						70.00	110.00	40.00	Reported
MCR006	583889	7690818	113.0	‐57.5	261	68.00	108.00	40.00	Reported
MCR007	583874	7690850	120.0	‐61.5	265	90.00	102.00	12.00	pending
						102.00	120.00	18.00	pending

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