DEVEX RESOURCES LIMITED — Capital/Financing Update 2011

Dec 8, 2011

9 December 2011

ASX Limited Level 30 91 King William Street Adelaide SA 5000

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Non-renounceable Rights Issue Shortfall

Uranium Equities Limited advises that it has received applications for 14,470,154 shares under its fully underwritten, non-renounceable Rights Issue raising $723,507.70.

The underwriter has been advised that, subject to clearance of funds, the shortfall is 27,582,006 shares amounting to $1,379,100.30.

The Directors wish to thank shareholders for their continued support of the Company and advise that the shares will be allotted on or around 14 December 2011.

Yours faithfully

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Rolf Heinrich Company Secretary Uranium Equities Limited

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