DEVEX RESOURCES LIMITED — Director's Dealing 2009

Sep 6, 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	Timothy Maxwell Clifton
Date of last notice	5 May 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	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Calm Holdings Pty Ltd ATF the Clifton SuperFund. Tim Clifton is a Director of Calm HoldingsPty Ltd and a Trustee and Member of the CliftonSuper Fund.
Date of change	5 May 2008
No. of securities held prior to change	6,070,000 fully paid ordinary shares2,870,000 partly paid performance shares
Class	Fully paid ordinary shares and partly paidperformance shares
Number acquired	2,870,000 fully paid ordinary shares
Number disposed	2,870,000 partly paid performance shares
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	$215,250
No. of securities held after change	8,940,000 fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change 7.5 cents per share has been paid to convert Example: on-market trade, off-market trade, exercise of options, issue of 2,870,000 partly paid performance shares into securities under dividend reinvestment plan, participation in buy-back fully paid ordinary shares.

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