DEVEX RESOURCES LIMITED — Director's Dealing 2008

May 4, 2008

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	31 August 2007

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 relevantinterest.	Central Manhattan Pty Ltd trustee for the A WKiernan Super Fund.
Date of change	5 May 2008
No. of securities held prior to change	454,068 fully paid ordinary shares500,000 options expiring 30 November 2009exercisable at $0.20500,000 options expiring 21 June 2012exercisable at $0.60
Class	Fully paid ordinary shares
Number acquired	1,000,000
Number disposed	0
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$170,000

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	1,454,068 fully paid ordinary shares500,000 options expiring 30 November 2009exercisable at $0.20500,000optionsexpiring21June2012exercisable at $0.60
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On market purchase

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.

Part 2 – Change of director’s inte	rests in contracts
Note: In the case of a company, interests which come withindisclosed in this part.	paragraph (ii) of the definition of “notifiable interest of a director” should be
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
	A
No. and class of securities towhich interest related prior tochange	N/
Note: Details are only required for a contract in relationto 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 andan estimated valuation
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002