DEVEX RESOURCES LIMITED — Director's Dealing 2007

Aug 30, 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	Anthony Kiernan
Date of last notice	18 March 2005

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	Direct and Indirect Interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Central Manhattan Pty Ltd trustee for the A W Kiernan Super Fund.
Date of change	23 August 2007
No. of securities held prior to change	404,068 fully paid ordinary shares 500,000 options expiring 30 November 2009 exercisable at $0.20
Class	Fully paid ordinary shares
Number acquired	50,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$14,500
No. of securities held after change	454,068 fully paid ordinary shares 500,000 options expiring 30 November 2009 exercisable at $0.20

C:\Documents and Settings\Leigh\Local Settings\Temporary Internet Files\OLK50\20070807 ASX Announcement Appendix 3Y TK (2).doc

• See chapter 19 for defined terms.

29/6/2004

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On market purchase Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

C:\Documents and Settings\Leigh\Local Settings\Temporary Internet Files\OLK50\20070807 ASX Announcement Appendix 3Y TK (2).doc

• See chapter 19 for defined terms.

29/6/2004

Appendix 3Y Page 2