DEVEX RESOURCES LIMITED — Director's Dealing 2011

Dec 14, 2011

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 30/09/01 Amended 01/01/11

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	Bryn Jones
Date of last notice	2 September 2011

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	Mr Bryn Llywelyn Jones and Mrs Kellie Nicole
(including registered holder)	Jones ATF the Jones Family Trust
Note: Provide details of the circumstances giving rise to the relevant
interest.	Mr Bryn Llywelyn Jones and Mrs Kellie Nicole
	Jones ATF the Tawel Super Fund – Mr Jones is a
	member of the Tawel Super Fund
Date of change	14 December 2011
No. of securities held prior to change	Direct Interest:
	20,000 fully paid ordinary shares
	1,000,000 unlisted options expiring 1 July 2012
	exercisable at $0.30
	300,000 unlisted options expiring 1 March 2013
	exercisable at $0.30
	Indirect interest (see above):
	378,410 fully paid ordinary shares
	1,000,000 unlisted options expiring 25 November
	2013 exercisable at $0.25
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	Indirect interest – Tawel Super Fund: 524,720
	fully paid ordinaryshares
Number disposed	Nil
Value/Consideration	$26,236
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	Direct Interest:
	20,000 fully paid ordinary shares
	1,000,000 unlisted options expiring 1 July 2012
	exercisable at $0.30
	300,000 unlisted options expiring 1 March 2013
	exercisable at $0.30
	Indirect interest:
	1) Jones Family Trust:
	378,410 fully paid ordinary shares
	1,000,000 unlisted options expiring 25 November
	2013 exercisable at $0.25
	2) Tawel Super Fund:
	524,720 fully paid ordinary shares
Nature of change	524,720 fully paid ordinary shares were acquired as
Example: on-market trade, off-market trade, exercise of options, issue of	a result of Mr Jones sub-underwriting a component
securities under dividend reinvestment plan, participation in buy-back	of the shortfall in relation to the Uranium Equities
	Limited’s Offer Document dated 3 November 2011.

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 which	N/A
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3