DEVELOP GLOBAL LIMITED — Regulatory Filings 2010

Jun 15, 2010

ASX Announcement Code: VXR

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16 June 2010

Broad Zones of Copper Mineralisation Intersected at Whim Creek (with additional assays)

Assay results include:

MCR001: 53 metres @ 1.7% Cu including: 22 metres @ 2.9% Cu & 0.6g/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

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

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 intersected substantial widths of copper mineralisation, along with zones of zinc, lead, silver and gold mineralisation.

The aim of the drilling program is to delineate and extend lenses of high grade Cu‐ Zn‐Pb‐Ag mineralisation, develop a high grade mining schedule and provide samples for metallurgical testwork. Initial drilling has focused on extension of in‐pit resources at Whim Creek, infill drilling of copper resources Mons Cupri and Evelyn, and infill drilling of high‐grade Zn‐Pb‐Ag lenses at Salt Creek. All resources are located within a 25 kilometres radius of Whim Creek, the proposed location of a mill and concentrator.

The first hole in the infill program at Mons Cupri intersected 53 metres of copper mineralisation, including a higher grade zone of 22 metres @ 2.9% Cu. The result shows that the high grade copper zone in the central part of the Mons Cupri deposit is shallower and flatter than expected. This is likely to enhance the resource estimate and improve ore:waste ratios in an open pit cut‐back.

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Cross‐section of Mons Cupri sulphide zone showing MCR001 drilling result

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Broad Zones of Copper Mineralisation Intersected at Whim Creek

(with additional assays)

Released: 16 June 2010

HoleID	Easting	Northing	RL	Dip	Azimuth	Depth	From	To	Intersection	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
including							43	65	22	2.9%	0.6%	0.1%	12.7	0.60
including							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
including							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

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

• 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

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 Project’s high grade mineral resources to JORC standard.

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.

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(with additional assays) Released: 16 June 2010

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Broad Zones of Copper Mineralisation Intersected at Whim Creek

Hole Details

Hole ID	Collar Coordinates GDA MGA Zone 50	Collar Coordinates GDA MGA Zone 50	Hole Depth	Dip	Azimuth	Sulphide Intersection	Sulphide Intersection	Sulphide Intersection
	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	Received
MCR002	583895	7690790	65.0	‐76.5	274	41.00	46.00	5.00	Received
MCR003	583869	7690760	59.0	‐90.0		44.00	50.00	6.00	Received
MCR004	583884	7690800	92.0	‐57.5	266	60.00	76.00	16.00	pending
MCR005	583867	7690874	119.0	‐65.0	261	48.00	64.00	16.00	pending
						70.00	110.00	40.00	pending
MCR006	583889	7690818	113.0	‐57.5	261	68.00	108.00	40.00	pending
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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