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	Anthony Kiernan
Date of last notice	25 November 2010

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	14 December 2011
No. of securities held prior to change	Direct interest:447,402 fully paid ordinary shares1,000,000 unlisted options expiring 25 November2013 exercisable at $0.25Indirect interest (see above):1,816,666 fully paid ordinary shares500,000 options expiring 15 November 2012exercisable at $0.60500,000 options expiring 2 December 2013exercisable at $0.30
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	Direct interest:1,401,275 fully paid ordinary sharesIndirect interest:363,334 fully paid ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Direct interest:1,848,677 fully paid ordinary shares1,000,000 unlisted options expiring 25 November2013 exercisable at $0.25Indirect interest (see above):2,180,000 fully paid ordinary shares500,000 options expiring 15 November 2012exercisable at $0.60500,000 options expiring 2 December 2013exercisable at $0.30
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	452,815 fully paid ordinary shares wereacquired pursuant to Uranium Equities Limited’sOffer Document dated 3 November 2011.1,311,794 fully paid ordinary shares wereacquired as a result of Mr Kiernansub-underwriting a component of the shortfallin relation to the above mentioned OfferDocument.

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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
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.

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