DEVEX RESOURCES LIMITED — Share Issue/Capital Change 2011

Dec 14, 2011

15 December 2011

ASX Limited Level 30 91 King William Street Adelaide SA 5000

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Share Issue – Section 708A(5)(e) Notice

Uranium Equities Limited (“the Company”) advises that the issue and allotment of the shortfall with respect to its recently completed rights issue of 27,586,006 ordinary fully paid shares at 5 cents per share ("Issue") was completed on 14 December 2011.

In relation to the allotment, the Company provides the following information in accordance with sections 708A(5)(e) and (6) of the Corporations Act 2001 (Cwlth) (“the Act”):

• (a) the Issue was made without disclosure to investors under Part 6D.2 of the Act;

• (b) this Notice is given under section 708A(5)(e) of the Act;

• (c) as at the date of this Notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act;

• (d) as at the date of this Notice, there is no excluded information as defined under sections 708A(7) and (8) of the Act.

Yours faithfully

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Rolf Heinrich Company Secretary Uranium Equities Limited

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