DEVELOP GLOBAL LIMITED — Regulatory Filings 2011

Nov 28, 2011

==> picture [239 x 79] intentionally omitted <==

MANAGING DIRECTOR TO STEP DOWN ON COMPLETION OF BFS

Managing Director, Tim Sugden, has today advised the Company that he intends to step down from his position in order to pursue personal objectives in Europe. He will remain in the role of Managing Director until completion of the Pilbara Copper-Zinc Project Bankable Feasibility Study, expected to be towards the end of first quarter of 2012.

In the interim, the Board will seek to appoint a suitably qualified successor to lead the Company through its next phase of development.

ASX Announcement ASX Code: VXR Released: 29 November 2011

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

Venturex has recently expanded its Management and Staff, including the appointment of Ian Suckling at Chief Operating Officer, and is well positioned to achieve its primary objective of developing the Pilbara Copper-Zinc Project.

Chairman, Tony Kiernan said , “On behalf of the Board, I sincerely thank Tim for his work over the past three years. Tim 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.”

Dr Sugden said, “ I have enjoyed my three years at Venturex and I am pleased that, through effective exploration and consolidation, our team has established a resource base in the Pilbara large enough to support a significant new copper and zinc production centre. I look forward to remaining a supportive Shareholder as the Company completes the final steps in the development and commissioning of the Project. ”

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

TONY KIERNAN Chairman

Contact Details

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.

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