DEVEX RESOURCES LIMITED — Capital/Financing Update 2011

May 15, 2011

16 May 2011

The Company Announcement Officer Australian Securities Exchange Ltd via electronic lodgement

Expiry of Unlisted Options

The Company advises the following unlisted options have expired:

Number: 125,000 Exercise Price: $0.30 Expiry: 13 May 2011

Yours faithfully,

Rolf Heinrich Company Secretary

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----- Start of picture text ----- HEAD OFFICELevel 529 King William StreetAdelaide, SA 5000T: +61 8 8110 0700F: +61 8 8110 0777----- End of picture text -----

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----- Start of picture text ----- PERTH OFFICELevel 2, 1292 Hay StreetWest Perth, WA 6005GPO Box 2890Perth, WA 6001----- End of picture text -----

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