DEVELOP GLOBAL LIMITED — Regulatory Filings 2016

Aug 3, 2016

4 August 2016

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Dear Shareholder

Venturex Resources Limited – Pro-Rata Non-Renounceable Rights Issue

As announced on 2 August 2016 Venturex Resources Limited ( Venturex or the Company ) is undertaking a 2:5 pro rata non-renounceable rights issue ( Rights Issue or Offer ) of approximately 698,477,838 fully paid ordinary shares ( New Share ) to raise approximately $4,190,867, together with one (1) free attaching Class A Option for every four (4) Shares issued and one (1) free attaching Class B Option for every four (4) Shares issued ( New Options ). The price of New Shares under the Offer is $0.006 each ( Issue Price ). The Company released a Prospectus for the Offer ( Prospectus ) to ASX on 2 August 2016.

The Offer is partially underwritten by two of the Company’s Directors, Mr John Nitschke and Mr Anthony Kiernan. Mr Nitschke has agreed to underwrite up to the first 16,666,667 Shares and 8,333,332 Options of any shortfall of the Offer up to the amount of $100,000 and Mr Kiernan has agreed to underwrite up to the first 8,333,333 Shares and 4,166,166 Options of any shortfall of the Offer up to the amount of $50,000 (together, the Underwriting Commitments ). Mr Nitschke and Mr Kiernan will not receive any fee for fulfilling the Underwriting Commitments.

The Company intends to apply the funds raised under the Offer as follows:

Items of Expenditure	$	%
Drilling aimed at extending the existing high grade zinc copper gold Resources at Mons Cupri deposit at Whim Creek	1,200,000	28.63%
Permitting of the optimised Sulphur Springs Copper-Zinc Project	200,000	4.77%
Proving up near surface high grade supergene copper oxide Resources at Sulphur Springs	1,700,000	40.56%
Additional Working capital	497,981	11.88%
Expenses of the Offer	92,886	2.22%
Total	$4,190,867	100%

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5:00pm (WST) on 8 August 2016, 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 approximately 698,477,838 New Shares resulting in total Shares on issue of approximately 2,444,672,433.

Ineligible Shareholders

A Shareholder who has a registered address outside Australia, New Zealand, Hong Kong and 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 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.

If you have any queries concerning the Rights Issue, please contact your financial adviser or Mr Trevor Hart, Venturex’s Company Secretary, on +61 8 6389 7400 or email admin@venturexresources.com.

Yours sincerely

TREVOR HART Company Secretary

Registered & Principal Office Level 2, 91 Havelock Street, West Perth WA 6005 PO Box 585, West Perth WA 6872

ABN 28 122 180 205 Tel: +61 8 6389 7400 Fax: +61 8 9463 7836

www.venturexresources.com E: admin@venturexresources.com