DEVELOP GLOBAL LIMITED — Regulatory Filings 2021

Jun 20, 2021

21 June 2021

ASX/Media Release

Entitlement Offer: Mail Out of Prospectus and Acceptance Form

Venturex Resources Limited (ASX:VXR – Venturex ) advises that the Entitlement Issue Prospectus ( Prospectus ) and personalised Entitlement and Acceptance Form ( Acceptance Form ) for the Company’s one-for-seven non-renounceable entitlement offer ( Offer ) has today been mailed out to eligible shareholders.

As detailed in the Company’s ASX announcement dated 24 February 2021, the Offer comprises the issue of one new share for every seven shares held by eligible shareholders on the record date of 16 June 2021 at an issue price of A$0.08 per new share to raise up to approximately A$4.9 million (before costs).

The Entitlement Offer shares come with a one-for-two attaching option, exercisable at 13.5c with a two-year expiry.

The Offer opens today (21 June 2021) and the closing date for acceptances is 5.00pm AWST Monday, 12 July 2021.

The Entitlement Issue Prospectus was released to the ASX on 10 June 2021 and is available on the Venturex website for download (www.venturexresources.com).

The Entitlement Offer is fully underwritten by Argonaut Capital Limited (“Underwriter”).

Instructions for shareholders to accept the Offer are set out in the Prospectus and in the Acceptance Form and also on the Venturex website.

Together with the proceeds from the recently completed Share Placement (see ASX Announcement 17 June 2021), the proceeds from the Offer are intended to be used to fund:

• Development activities for the Sulphur Springs copper-zinc project, including: o TSF geotechnical verification of design

• Infill drilling at Sulphur Springs

• Regional exploration

• FEED study

• Corporate and general working capital

For enquiries in relation to individual shareholdings, please contact Link Market Services on 1800 810 859. For enquiries in relation to Venturex corporate matters please contact the Company Secretary on +61 8 6389 7400 between 08:30 and 17:00 WST or by email admin@venturexresources.com.

For media enquiries please contact Paul Armstrong at Read Corporate on +61 8 9388 1474.

-ENDS-

This announcement is approved for release to the ASX by the Board of Directors.

Venturex Resources Limited ABN: 28 122 180 205 Level 2, 91 Havelock Street, West Perth WA 6005 | PO Box 585, West Perth WA 6872 T: +61 8 6389 7400 | admin@venturexresources.com |www.venturexresources.com

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For further information, please contact:

Investors Anthony Reilly Venturex Resources Limited P: +61 8 6389 7400

E: admin@venturexresources.com

Media

Paul Armstrong Read Corporate P: +61 8 9388 1474 E: info@readcorporate.com.au

About Venturex Resources Limited

Venturex Resources Limited (ASX: VXR) is an exploration and development company with two advanced Copper-Zinc Projects near Port Hedland in the Pilbara region of Western Australia. The two projects are the Sulphur Springs Project which includes the Sulphur Springs Project, Kangaroos Caves Resource plus 27km of prospective tenements on the Panorama trend and the Whim Creek Joint Venture (VXR 20%) which includes the Resources at the Whim Creek, Mons Cupri and Salt Creek mines together with the Evelyn project and 18,100 ha of prospective tenements over the Whim Creek basin.

Venturex Resources Limited (ASX: VXR)

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