DEVELOP GLOBAL LIMITED — Major Shareholding Notification 2010

Feb 11, 2010

Form 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme	Venturex Resources Limited
ACN/ARSN	122 180 205
Details of substantial holder (1) 1.
Name	Anthony Miles Reilly
ACN/ARSN (if applicable)
The holder ceased to be a
substantial holder on	1/2/2010
The previous notice was given to the company on	2/7/2009
The previous notice was dated	7 2009

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
1/2/10	Anthony Miles Reilly	% Diluted by placement*	N/A	21,650,000	21,650,000
1/2/10	Cheynes Beach Finance Pty Ltd	% Diluted by placement*	N/A	5,000,000	5,000,000

*% holding has been diluted by the placement of 106,700,000 shares to Straits Resources Limited on 1 July 2010 for the acquisition of Straits (Whim Creek) Pty Ltd. Holding is now less than 5%

3. Change in association

The persons who have become associates (3) or, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association
	N/A	N/A

4. Addresses

The addresses of persons named in this form are as follows:

	Name		Address
	Anthony Miles Reilly		99 Bruce Street, Nedlands WA 6009
Signature Print Name: Sign Here:		Anthony Miles Reilly ι۸		Capacity: *Date:	Director 12/2/2010

DIRECTIONS

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• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
  manager and trustee of an equity trust), the names could be included in an ann $(1)$ group, with the names and addresses of members is clearly set out in paragraph 4 of the form.
• $(2)$ See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• $(3)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• $(4)$ Include details of:
• $(a)$ any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• $(b)$ any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(5)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on
  the happening or not of a contingency. Details must be included of any benefi
• The voting shares of a company constitute one class unless divided into separate classes. $(6)$
• $(7)$ Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.