DEVELOP GLOBAL LIMITED — Regulatory Filings 2011

Sep 19, 2011

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APPOINTMENT OF CHIEF OPERATING OFFICER

Highlights

 Appointment of Mr Ian Suckling

 Mining Engineer with 30+ years experience

Venturex Resources Ltd (ASX Code: VXR) is pleased to announce the appointment of Mr Ian Suckling as Chief Operating Officer. Mr Suckling will join the Venturex Executive Management Team on 10 October 2011 and his initial primary focus will be to drive the successful completion of the Bankable Feasibility Study (BFS) for the Pilbara VMS Copper-Zinc Project.

Managing Director, Tim Sugden said “ Venturex is extremely fortunate to have attracted someone of Ian Suckling’s calibre and leadership experience to enhance the technical capabilities of our Executive Management Team. Ian joins at an exciting stage of the Company’s transformation into a significant copper and zinc producer and will assume direct responsibility for driving the BFS process through to completion before overseeing construction, commissioning and production. ”

Mr Suckling is a highly experienced Mining Engineer with over 30 years in the mining industry and is currently employed by Newmont Mining Corporation (Newmont) as the Senior Director – Underground Mine Engineering, leading a Team providing specialised technical engineering advice to the business units in Australia and overseas.

Mr Suckling said “ I’m thrilled to be joining the Venturex Executive Team at such an exciting time. I have great confidence in the Pilbara VMS Project and look forward to the challenge and responsibility of finalising the BFS and working with the Executive Team to see the project into production. ”

ASX Announcement ASX Code: VXR Released: 20 September 2011

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

Board

Anthony Kiernan Chairman

Tim Sugden Managing Director

Michael Mulroney Non-Executive Director

Allan Trench Non-Executive Director

John Nitschke Non-Executive Director

Anthony Reilly Executive Director

Liza Carpene Company Secretary

Background Experience

From 1999 to now, Mr Suckling has been employed by Newmont, including its predecessors Normandy Mining and Great Central Mines. For the past six years, Mr Suckling has held senior technical management positions based in Perth, but with responsibilities across Newmont.

For the previous six years, Mr Suckling was based at the Jundee Gold Mine and held the positions of General Manager of the Yandal Operations (including Jundee, Bronzewing and Wiluna gold mines) and formerly, General Manager of the Jundee Operations.

Prior to joining Newmont, Mr Suckling worked as the General Manager – Operations with Sino Mining International, in establishing its Jian Cha

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

Ling gold mine in China. Prior to that, he was the Group Operations Manager for St Barbara Mines, based in Meekatharra.

Mr Suckling commenced his career in 1980, spending the following 15 years with WMC Limited, commencing at the Kambalda Nickel Operations as a Mining Engineer, before progressing to: Underground Manager at Central Norseman; Mine Superintendent at Hill 50; and Manager – Corporate Finance in Melbourne before taking the position of Resident Manager at Agnew Gold Operations.

Mr Suckling has a Bachelor of Applied Science (Mining Engineering) and a WA First Class Mine Manager’s Certificate, and is a Fellow of the Australian Institute of Mining and Metallurgy.

During his tenure with Newmont, Mr Suckling was awarded the prestigious AusIMM Jim Torlach Health & Safety Award 2010, an award that recognises notable achievements in health and safety in the minerals industry, which is assessed by an independent panel against stringent criteria including effectiveness, leading practice and a commitment to zero harm.

Employee Incentive Options

Upon his commencement of employment, and to recognise the importance and seniority of the position, Mr Suckling will be made an offer to participate in the Employee Share Option plan. It is envisaged that Mr Suckling will be offered 7,500,000 unlisted options in two tranches:

Tranche 1: 40% (3,500,000 options) vesting 12 months from the date of issue; and

Tranche 2: 60% (4,000,000 options) vesting 24 months from the date of issue.

The options will expire three years from the date of issue, and the exercise price of each of the options will be a 50% premium to the VWAP of Venturex shares in the last five trading days on which there were sales prior to the date of issue, with a minimum floor exercise price of 15 cents per option. All other terms and conditions will be in accordance with the Employee Incentive Option Plan approved on 26 November 2010.

TIM SUGDEN Managing Director

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

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