DEVELOP GLOBAL LIMITED — Capital/Financing Update 2013

May 1, 2013

1 May 2013

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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.

A copy of the Prospectus is available on ASX’s and Venturex’s website. Eligible Shareholders will be mailed a Prospectus together with an Entitlement and Acceptance Form no later than 13 May 2013. Your entitlement will be set out on the personalised Entitlement and Acceptance Form accompanying the Prospectus.

For the purposes of calculating each Eligible Shareholders’ entitlement, fractions of entitlements have been rounded up to the nearest whole number of New Shares.

Actions required of Eligible Shareholders

There are a number of actions Eligible Shareholders may take:

• You may wish to accept all of your rights to subscribe for New Shares pursuant to the Prospectus ( Entitlement ). To take up all or some of your Entitlements you will need to ensure your application money for the Entitlements you wish to take up is received by Advanced Share Registry Services ( Share Registry ) by no later than 4:00pm (WST) on 27 May 2013, by completing and returning your Entitlement and Acceptance Form

Registered & Principal Office

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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together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the amount indicated on the Entitlement and Acceptance Form OR making a payment by BPAY in accordance with the instructions on your Entitlement and Acceptance Form.

• You may wish to accept part of your Entitlement. To take up part of your Entitlement you will need to ensure your application money for the Entitlements you wish to take up is received by the Share Registry by no later than 4:00pm (WST) on 27 May 2013, by completing and returning your Entitlement and Acceptance Form by filling in the number of New Shares you wish to accept in the space provided on the Entitlement and Acceptance Form together with your cheque, drawn on an Australian bank or bank draft made payable in Australian currency, for the appropriate application monies OR making a payment by BPAY in accordance with the instructions on your Entitlement and Acceptance Form (at $0.02 per New Share).

• You may do nothing. If you choose to do nothing with your Entitlements, while you will continue to hold the same number of Shares, your interest in the Company will be diluted and you will receive no value for your Entitlement.

Key dates for the Offer

Event	Proposed Date
Prospectus and Appendix 3B lodged with ASX Notification sent to option holders 1 May 2013
Notice of Rights Issue sent to security holders 2 May 2013
Existing shares quoted on an ‘ex’ basis 3 May 2013
Record date 9 May 2013
Despatch of Rights Issue Documents to Eligible Shareholders Offer Period Opens 13 May 2013
Offer Period Closes 27 May 2013
Securities quoted on a deferred settlement basis. 28 May 2013
Notification of under-subscriptions to ASX (if any) 29 May 2013
Shares Issued Holding statements despatched 4 June 2013

If you have any queries concerning the Rights Issue, or the action you are required to take to subscribe for New Shares, please contact your financial adviser or Trevor Hart, Venturex Company Secretary, on +61 8 6389 7400.

Yours sincerely

TREVOR HART Company Secretary