DEVEX RESOURCES LIMITED — Director's Dealing 2007

Dec 5, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	URANIUM EQUITIES LIMITED
ABN	74 009 799 553

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Timothy Maxwell Clifton
Date of last notice	18 May 2006

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Calm Holdings Pty Ltd ATF the Tide Trust.Tim Clifton is a Director of Calm HoldingsPty Ltd and a Trustee and Member of theClifton Super Fund.
Date of change	3 December 2007
No. of securities held prior to change	3,070,000 fully paid ordinary shares2,870,000 partly paid performance shares
Class	Fully paid ordinary sharesPartly paid performance shares
Number acquired	2,470,000 fully paid ordinary shares acquiredby the Clifton Super Fund2,870,000 partly paid performance sharesacquired by the Clifton Super Fund
Number disposed	2,470,000 fully paid ordinary shares disposedby the Tide Trust2,870,000 partly paid performance sharesdisposed by the Tide Trust

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	2,470,000fullypaidordinary	shares
Note: If consideration is non-cash, provide details and estimated valuation	$494,000.00
	2,870,000 partly paid performance	shares
	$358,750.00
No. of securities held after change	3,070,000 fully paid ordinary shares held by
	the Clifton Super Fund
	2,870,000 partly paid performance	shares
	held by the Clifton Super Fund
Nature of change	Off market trade from Calm Holdings Pty
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Ltd ATF the Tide Trust to the Clifton SuperFund

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2