DEVEX RESOURCES LIMITED — Capital/Financing Update 2011

Feb 28, 2011

1 March 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: 30,000 Exercise Price: $0.60 Expiry: 28 February 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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