DEVEX RESOURCES LIMITED — Director's Dealing 2009

Nov 17, 2009

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	2 December 2008

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 as trustee for the A WKiernan Super Fund. Mr Kiernan is a director ofCentral Manhattan Pty Ltd and a member of the AW Kiernan Super Fund.
Date of change	18 November 2009
No. of securities held prior to change	Direct interest:137,402 fully paid ordinary shares500,000 options expiring 15 November 2012exercisable at $0.60500,000 options expiring 2 December 2013exercisable at $0.30Indirect interest (see above):1,316,666 fully paid ordinary shares500,000 options expiring 30 November 2009exercisable at $0.155
Class	Fully paid ordinary shares and unlisted options toacquire fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	Exercise of 500,000 unlisted options expiring30 November 2009
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$77,500.00
No. of securities held after change	Direct interest:137,402 fully paid ordinary shares500,000 options expiring 15 November 2012exercisable at $0.60500,000 options expiring 2 December 2013exercisable at $0.30Indirect interest (see above):1,816,666 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of unlisted options expiring 30November 2009

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002