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DEVEX RESOURCES LIMITED Capital/Financing Update 2011

Nov 1, 2011

64768_rns_2011-11-01_e57e388b-ce08-44be-b7f9-3c00b5f474cc.pdf

Capital/Financing Update

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MARKET RELEASE

2 November 2011

URANIUM EQUITIES LIMITED

TRADING HALT

The securities of Uranium Equities Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday 4 November 2011 or when the announcement is released to the market.

Security Code: UEQ

Justin Nelson Manager, Listings (Adelaide)

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2 November 2011

Mr Justin Nelson Australian Securities Exchange Level 30, 91 King William Street Adelaide SA 5000

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Dear Justin,

Uranium Equities Limited requests an immediate trading halt in its securities pending the release of an announcement regarding details of a capital raising.

We request that the trading halt remain in place until the earlier of that announcement and the commencement of trading on Friday 4 November 2011.

We are not aware of any reason why the trading halt should not be granted.

Regards

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ROLF HEINRICH Company Secretary

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