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ASX / Media Release VENTURE EX RESOURCES LIMITED June 2021 Quarterly Report 28 July 2021 Venturex embarks on new chapter with $ 58M strategic funding package led by mining executive Bill Beament , positioning it to play a key role in the decarbonisation opportunity Highlights Pivotal quarter marks start of a new era for Venturex ► Successful completion of ~ $ 58m strategic funding package led by highly regarded mining executive Bill Beament ► Leading corporate lawyer Michael Blakiston appointed Non - executive Chairman ▶ Subsequent to end of the quarter , Bill Beament was appointed Managing Director and highly experienced director Shirley In't Veld was appointed as a Non - executive Director ▸ At Sulphur Springs copper - zinc project in WA , site works started for geotechnical , infill and resource drilling programs Sulphur Springs poised to capitalise on strong copper price , which is now ~ 50 % higher than the assumed price in the Definitive Feasibility Study of October , 2018 ► Strong progress made towards finalising key secondary approvals Venturex Resources ( ASX : VXR ) is pleased to report on what was a pivotal quarter for the Company as it implemented key corporate , financial and project - related initiatives which have positioned it to play a key role in the new era of global decarbonisation . The Company has emerged from this period of intense activity with a well - funded balance sheet , new management and a clear strategy to unlock the full value of Sulphur Springs . Importantly , Venturex is now also ideally placed to capitalise on what it believes will be the vast opportunities stemming from the global push to decarbonise the economy . Venturex Managing Director Bill Beament said : " It was a game - changing quarter which paved the way for us to progress our multi - pronged strategy to provide products and services which will be required in the new era of decarbonisation . " We look forward to discussing this strategy in more detail in coming weeks . " Venturex Resources Limited ABN : 28 122 180 205 Level 2 , 91 Havelock Street , West Perth WA 6005 | PO Box 585 , West Perth WA 6872 T : +61 8 6389 7400 | admin@venturexresources.com | www.venturexresources.com 1