CORE ENERGY MINERALS LTD — AGM Information 2004

Nov 25, 2004

GLOBAL APPROACH LIMITED

CHAIRMAN'S ADDRESS PRESENTED TO ANNUAL GENERAL MEETING 26^th NOVEMBER 2004

Ladies and Gentlemen:

I would like to welcome you to the inaugural Annual General Meeting of Global Approach Limited (Global).

Ahead of proceeding with the formal part of the meeting and the seven resolutions to be put to this meeting, I would like to update you on the company's current activities and give you a further insight into the industry we are pursuing.

The company has been operating its first on line gamming casino, Music Hall Casino (MusicHall), for less than one (1) year and as is expected with any new business considerable funds have been expended in obtaining market share and developing our product to ensure we are competitive. We are pleased to advise that as of today we now have 28,689 registered players at our site participating from 209 countries not including Australia. Bets are not accepted from Australians in line with Federal regulations. I am also pleased to advise that November 2004 is heading towards being the fifth (5) consecutive month that MusicHall has operated with a positive bottom line.

The key resolution at today's meeting came about as a result of the previous board of directors wishing to ensure that the casino operation being acquired by your company had a positive future. However, the wording of the agreement was ambiguous and left the current board in a position that whilst they had a sound operation, the casino could have been put back to the original vendors under the terms of the agreement. This would have been both intolerable and unacceptable to Global as the company could have lost its principal source of activity at a time where the previous five (5) months financial performance had justified its acquisition.

We have seen in recent weeks where one of Australia's most publicized public company's has invested more than \$200 million into the gaming industry. This in my opinion vindicates your board's decision to pursue the industry all be it at a different level and focusing on the on-line gaming activities.

In addition to acquiring 100% of MusicHall, Global has also acquired 23% of UK Casino Club which gives us a more balanced player base. Subject to the approval of today's resolutions we will also be introducing our own poker room which takes Global to a different player base and gives the company a stake in one of the fastest expanding sectors of the online gaming industry.

We look forward to the year ahead and trust that the coming year will enable us to achieve our target of returning to profitability as a public company. Thank you.

David K Barwick Chairman