DEVELOP GLOBAL LIMITED — Share Issue/Capital Change 2009

Aug 4, 2009

5 August 2009

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Dear Shareholder

NON-RENOUNCEABLE ENTITLEMENT ISSUES

Venturex Resources Limited (Company) has announced to ASX Limited (ASX) a pro-rata non-renounceable entitlement issue on the basis of one (1) new Share for every ten (10) Shares held by Shareholders at an issue price of 5 cents per Share to raise approximately $1,951,284 (Entitlement Issue).

The Entitlement Issue will result in the issue of approximately 39,025,669 new shares in the Company.

The Entitlement Issue is fully underwritten by Argonaut Capital Limited.

The Prospectus relating to this issue has been lodged with the Australian Securities and Investments Commission and ASX and is available on the ASX website at www.asx.com.au for inspection. The timetable and important dates of the issue are set out below:

Lodgement of Prospectus and Appendix 3B with ASIC	31 July 2009
Notice sent to Shareholders	5 August 2009
Ex Date	6 August 2009
Record Date for determining Shareholder entitlements	12 August 2009
Prospectus despatched to Shareholders	14 August 2009
Closing Date of Entitlement Issue	28 August 2009
Securities quoted on a deferred settlement basis	31 August 2009
Notify ASX of under-subscriptions	2 September 2009
Despatch date/Shares entered into Shareholders’ security holdings	7 September 2009

The purpose of the Entitlement Issue is to raise approximately $1,951,284 and the funds raised will be used in accordance with the table below:

accordance with the table below:
Proceeds of the Entitlement Issue	$
Follow up drilling at the Liberty-Indee Project	800,000
Initial drilling at the St Elina Project in Brazil	400,000
Initial drilling at the Jatoba Project in Brazil	200,000
Other Exploration	100,000
Working Capital	305,882
Expenses of the Entitlement Issue	145,402
Total	$1,951,284

Registered & Principal Office

Level 1, 35 Richardson Street, West Perth WA 6005 PO Box 863, West Perth WA 6872

ABN 28 122 180 205 Tel: +61 8 6424 9188 Fax: +61 8 9463 7836

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

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The capital structure of the Company on completion of the Entitlement Issue will be as follows:

Shares

Shares
	Number
Shares on issue at date of Prospectus	390,256,681
Shares Entitlement Issued pursuant to the Entitlement Issue	39,025,669
Total Shares on issue after completion of the Entitlement Issue*	429,282,350

* Assumes the Entitlement Issue is fully subscribed.

Options

Options
	ASX Code	Number
Quoted exercisable at $0.20 on or before 31 July 2009	JUTO	38,634,237
Unquoted exercisable at $0.20 on or before 22 April 2011	JUTAB	1,457,148
Unquoted exercisable at $0.20 on or before 30 November 2010	JUTAC	650,000
Unquoted exercisable at $0.10 on or before 12 January 2012	JUTAO	21,000,000
Total Options on issue after completion of the Entitlement Issue		23,107,148

* Assumes the Entitlement Issue is fully subscribed.

In calculating entitlements under the Entitlement Issue fractions will be rounded up to the nearest whole number.

The Entitlement Issue under the Prospectus is made to Shareholders with registered addresses in Australia and New Zealand. Overseas Shareholders should contact the Company Secretary with any queries.

Full detail of the issue will be contained in the Prospectus that will be mailed to all Shareholders who are registered on the record date. Shareholders eligible to participate should read the Prospectus carefully.

Should you have any queries in relation to this matter, please do not hesitate to contact the Company on (+61 8) 6424 9188.

Yours sincerely

TIM SUGDEN Managing Director

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