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DEVELOP GLOBAL LIMITED Regulatory Filings 2011

Jan 30, 2011

64801_rns_2011-01-30_9bc01c68-cabc-4af3-b146-b1067ef8fb91.pdf

Regulatory Filings

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COMMENCEMENT OF BANKABLE FEASIBILITY STUDY

The Board of Directors of Venturex Resources Limited (Venturex) is pleased to advise that it has approved the commencement of a Bankable Feasibility Study (BFS) for the Combined Whim Creek – Panorama Cu-Zn Project, Pilbara Region, Western Australia. The combined operations are expected to achieve annual production of around 16,000t Cu, 40,000t Zn and 4,000t Pb plus significant silver and gold credits.

The process design and infrastructure components of the BFS have been awarded to GR Engineering Services Pty Ltd (GRES). GRES will provide all necessary process and engineering services to successfully carry out a BFS for a 1mtpa process plant facility at Whim Creek, including coordination of final metallurgical test work, evaluation of existing facilities at Whim Creek, power supply, haul roads, accommodation and communications.

ASX Announcement ASX Code: VXR Released: 31 January 2011

For further details Dr Tim Sugden Managing Director T: +61 8 6389 7400 M: +61 407 085 032 [email protected]

Board

Tony Kiernan Chairman

Tim Sugden Managing Director

Michael Mulroney Non-Executive Director

TIM SUGDEN Managing Director

For further information, please contact:

Tim Sugden / Liza Carpene – Venturex Resources Limited on (08) 6389 7400 Nicholas Read / Paul Armstrong – Read Corporate on (08) 9388 1474

Allan Trench 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 [email protected] www.venturexresources.com

ABN: 28 122 180 205