DEVELOP GLOBAL LIMITED — Capital/Financing Update 2020

Jun 21, 2020

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22 June 2020

Company Announcements Platform Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000

by electronic lodgement

Dear Sir/Madam,

CLEANSING NOTICE – SHARE PURCHASE PLAN

This notice is given by Venturex Resources Limited (ASX: VXR) ( Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth).

The Company is pleased to make offers to eligible shareholders to participate in a Share Purchase Plan (“SPP”). The SPP will provide eligible shareholders with an opportunity to apply for up to $30,000 worth of fully paid ordinary shares in the Company at the issue price of $0.055 per share.

The SPP will be offered in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (“ Instrument ”).

In accordance with Instrument, the Company gives notice that:

• (a) the Company will make offers to issue the shares under the SPP without disclosure to investors under Part 6D.2 of the Corporations Act;

• (b) the Company is providing this notice in accordance with the Instrument;

• (c) as at the date of this notice the Company has complied with:

• (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and (ii) section 674 of the Corporations Act as it applies to the Company;

• (d) other than as disclosed below, the Company is not aware of any information that may be "excluded information" for the purposes of section 708A(7) or 708A(8) of the Corporations Act, as at the date of this notice.

The Company has received interest from multiple parties regarding potential disposal of a portion or the whole of the Company's Whim Creek Copper-Zinc Project. Discussions with these parties is ongoing and the Company cannot guarantee that these discussions will result in a binding proposal or agreement by any of the related parties.

This ASX announcement was authorised by the Board of Venturex Resources Limited.

Yours sincerely,

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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

200622_ASX Cleansing Statement SPP - Final for issue