DEVEX RESOURCES LIMITED — Capital/Financing Update 2018

Jan 24, 2018

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----- Start of picture text ----- 25 January 2018----- End of picture text -----

Extension of Closing Date of Rights Issue

DevEx Resources Limited (DEV or the Company) advises that it will be extending the closing date for the acceptance of applications for the 1 for 2 pro rata non-renounceable Rights Issue announced on 8 January 2018.

The closing date for the Entitlement Offer is now 5.00 pm (AWST), Tuesday, 6 February 2018.

The extension of the closing date, originally falling on 31 January 2018, has been made to allow eligible shareholders additional time to consider participation in the Offer.

The revised timetable for the remaining dates is set out below:

Last day to extend the offer closing date	Thursday, 1 February
Closing Date of Entitlement Offer*	Tuesday, 6 February
Shares quoted on a deferred settlement basis	Wednesday, 7 February
Notification of shortfall	Friday, 9 February
Anticipated date for issue of SharesDeferred settlement trading ends	Tuesday, 13 February
Anticipated date for commencement of Shares trading on anormal settlement basis	Wednesday, 14 February

• The Directors may extend the Closing Date by giving at least 3 Business Days' notice to ASX prior to the Closing Date. As such the date the Shares issued under the Entitlement Offer are expected to commence trading on ASX may vary.

Yours faithfully

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Brendan Bradley Managing Director

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----- Start of picture text ----- www.devexresources.com.auT: +61 (0) 8 9322 3990 DevEx Resources LimitedF: +61 (0) 8 9322 5800 Level 2, 1292 Hay Street, West Perth WA 6005, AustraliaE: info@devexresources.com.au GPO Box 2980, Perth WA 6001----- End of picture text -----