DEVEX RESOURCES LIMITED — Capital/Financing Update 2021

Jun 3, 2021

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4th June 2021

Section 708A(5) Cleansing Notice Placement & Exercise of Options

DevEx Resources Limited ( ASX:DEV or the Company ) advises that the Company issued the following fully paid ordinary shares ( Shares ):

1. 266,667 Shares were issued on 3[rd] June 2021 on the exercise of:

166,667 unlisted options exercisable at $0.10 on or before 30 November 2021: and 100,000 unlisted options exercisable at $0.32 on or before 27 July 2023.

1. 24,913,460 Shares were issued on 4[th] June 2021 to sophisticated and professional investors at an issue price of $0.32 per share. The 24,913,460 Shares were issued using the Company’s existing 25% placement capacity under Listing Rules 7.1 and 7.1A. as announced on 31 May 2021.

The Company gives this notice pursuant to section 708A(5)(e) of the Corporations Act (“the Act”):

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, the Company has complied with the provisions of chapter 2M of the Act as they apply to the Company and section 674 of the Act; and

• (c) as at the date of this notice, there is no information that is 'excluded information' under section 708A(7) and (8) of the Act.

As previously announced, the Company is currently drilling at the Sovereign Nickel-Copper-PGE Project in Western Australia and is currently awaiting assay results.

Authorised for release on behalf of the Company by:

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Brendan Bradley Managing Director

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----- Start of picture text ----- www.devexresources.com.auDevEx Resources LimitedT: +61 (0) 8 9322 3990 Level 2, 1292 Hay Street, West Perth WA 6005, AustraliaF: +61 (0) 8 9322 5800 GPO Box 2890, Perth WA 6001E: info@devexresources.com.au----- End of picture text -----

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