DEVELOP GLOBAL LIMITED — Capital/Financing Update 2013

May 1, 2013

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1 May 2013

Dear Shareholder

VENTUREX RESOURCES LIMITED: PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE

As announced on 30 April 2013 Venturex Resources Limited (ACN (122 180 205)) ( Venturex or Company ) is undertaking a 2:11 pro rata non-renounceable rights issue ( Rights Issue or Offer ) of up to 260,974,918 fully paid ordinary shares ( New Share ) to raise approximately $5,219,498. The price of New Shares under the Offer is $0.02 each ( Issue Price ). The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 1 May 2013.

It is intended that the Company use the funds raised by the Offer for:

Item of Expenditure	Amount ($)
Costs of the offer	50,000
Optimisation Program	300,000
Exploration in Australia	3,400,000
Exploration in Brazil	200,000
Exploration and development at the Whim Creek Site	500,000
General Working Capital	1,970,000
TOTAL	$6,420,000

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5.00pm (WST) on 9 May 2013, whose registered address is in Australia, New Zealand, Hong Kong or China.

New Shares will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

Following completion of the Offer, the Company will have issued up to 260,974,918 New Shares resulting in total Shares on issue of approximately 1,696,336,966.

Ineligible shareholders

A Shareholder who has a registered address outside Australia, New Zealand, Hong Kong or China ( Ineligible Shareholder ) will not be eligible to participate in the Offer.

You are not eligible to participate in the Offer and you will not be sent a copy of the Prospectus. This decision has been made pursuant to Listing Rule 7.7.1(a) of the ASX Listing Rules after taking into consideration the costs of complying with legal and regulatory requirements in jurisdictions outside of Australia, New Zealand, Hong Kong and China compared with the small number of Ineligible Shareholders and the number and value of New Shares to which they would otherwise be entitled.

Registered & Principal Office ABN 28 122 180 205 Level 2, 91 Havelock Street, West Perth WA 6005 Tel: +61 8 6389 7400 www.venturexresources.com PO Box 585, West Perth WA 6872 Fax: +61 8 9463 7836 E: admin@venturexresources.com

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If you have any queries concerning the Rights Issue, please contact your financial adviser or Trevor Hart, Venturex Company Secretary, on +61 8 6389 7400.

Yours sincerely

TREVOR HART Company Secretary