DEVEX RESOURCES LIMITED — Share Issue/Capital Change 2008

Feb 20, 2008

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21 February 2008

Australian Securities Exchange Via Electronic Lodgement

Dear Sirs

The Company advises that, subject to shareholder approval at the next general meeting, 500,000 unlisted options will be issued to Anthony Kiernan, a director of the Company, on the following terms:

Exercise Price: $0.30 Expiry Date: 1 March 2013

Yours faithfully

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RICHARD HACKER Company Secretary

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