DEVELOP GLOBAL LIMITED — Regulatory Filings 2011

Nov 28, 2011

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CHAIRMAN’S ADDRESS 2011 Annual General Meeting

ASX Announcement ASX Code: VXR Released: 29 November 2011

The clear business plan for Venturex is to:

• develop and bring into production its VMS[1] copper and zinc project in the Pilbara Region of Western Australia;

• continue an aggressive exploration program to add to its current resource base in the Pilbara; and

For further details Dr Tim Sugden Managing Director T: +61 8 6389 7400 M: +61 407 085 032 tim.sugden@venturexresources.com

• consolidate its land position in Brazil and continue exploration on its highly prospective gold projects.

As Shareholders will be aware, the Company is currently undertaking a Bankable Feasibility Study (BFS) on the Pilbara VMS Project which is scheduled to be completed in the first quarter of next year. At the conclusion of the meeting Tim will run through a more-detailed presentation of not only the current resource base but where we are in relation to the BFS and the on-going exploration program.

The Company’s total resource base at the VMS project increased to 26Mt at 2.2% CuEQ which equates to ~550,000 tonnes of copper metal equivalent following the acquisition of the Sulphur Springs Deposit in early 2011. This acquisition added to the Company’s highly prospective ground position in the Pilbara providing opportunities to further grow the mineral inventory. Whilst the principal focus is on completion of the BFS, it needs to be clearly understood that the exploration emphasis of the Company continues and we are looking to increase the resource to some 800,000 tonnes of CuEQ in 2012.

Venturex’s exploration team in Brazil continues to build a substantial land position in the emerging Tapajós gold district of Pará. The Serra Verde Project, in particular, has excellent potential to deliver a significant gold discovery.

From my perspective, it appears the market has not put any value on our Brazilian Project which clearly it should.

When you look at Venturex, we are underpinned by a substantial and clearly economic resource in the Pilbara with significant exploration potential and then a highly prospective project in Brazil. Although I am probably subjective in my assessment, the current market capitalisation of Venturex, even in this difficult market, is significantly lower than what it should be.

Board

Tony Kiernan Chairman

Tim Sugden Managing Director

Allan Trench Non-Executive Director

John Nitschke 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 admin@venturexresources.com www.venturexresources.com

ABN: 28 122 180 205

1 VMS = Volcanogenic Massive Sulphide

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It is with regret that I announce today that the Managing Director, Dr Tim Sugden, has advised that it is his intention to resign to pursue personal objectives in Europe following the completion of the Bankable Feasibility Study.

Tim has been at the helm of Venturex for three years, and was instrumental in the acquisition of the Brazilian gold tenements, exploration success at Liberty-Indee, acquisition of the Whim Creek and Sulphur Springs Projects, and the conceptual development of the proposed centralised processing facility. The Board is extremely appreciative of Tim’s contribution and commitment. Tim is a top five Shareholder of Venturex and intends to remain a supportive Shareholder as the Company moves towards production. The Company will commence a process to identify a suitable replacement prior to Tim’s departure which is anticipated to be in March 2012.

During the year Venturex has expanded its Management and Staff, which has included the senior appointment of Ian Suckling as Chief Operating Officer principally responsible at this time for completion of the BFS.

I now move to the formal part of the meeting and once we get that out of the way Tim will make a presentation. At this time I encourage any Shareholder (or anyone else present) to ask any questions of Tim or the Board.

On behalf of the Board, I would again like to acknowledge the dedication and hard work of Venturex’s Management and Staff located in Perth, the Pilbara and Brazil.

TONY KIERNAN Chairman

For further information, please contact:

Tim Sugden / Liza Carpene – Venturex Resources Limited on (08) 6389 7400 Tony Dawe – Professional Public Relations on 0405 989 743 / (08) 9388 0944

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an 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, ‐ Liberty Indee and Sulphur Springs. 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 Mineração Ltda.

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