CORE ENERGY MINERALS LTD — Board/Management Information 2004

Jan 14, 2004

Global Approach Limited

ACN 009 118 861

Level 14 145 Eagle Street Brisbane Old 4000 Ph: 07 3114 5506

Fax: 07 3317 2243

15 January 2004

Australian Stock Exchange Limited Company Announcements Office Sydney NSW 2000

GLOBAL CONCLUDES ITS BOARD RESTRUCTURE

The Board of Global Approach Limited (GLO) is pleased to announce the completion of their board restructure as foreshadowed when announcing the acquisition of Global Approach Operations Pty Ltd the holder of the licence to operate on-line Music Hall Casino.

Mr Ian Mackay, Managing Director of Manaccom Pty Limited has joined the board as an independent director. Mr Mackay, who is an accountant by profession, has a broad experience within the computer software industry and his IT experience is expected to be of significant value to Global during its initial growth stage.

Mr. Mackay has held semi-Government board and advisory positions in the past as well as having held directorships in the private sector. His marketing experience is also expected to assist in the growth of the on-line Casino activities of Global.

Mr. Christopher Hayward has resigned as a director of the company to focus on the EVENTS business which has recently been demerged from Global as part of the overall restructure of the company. The board would like to thank Mr. Hayward for the contribution he has made to the group over the past 5 years and wish him well in his future endeavours.

The Global board will now consist of:

Mr. David Barwick - Chairman Mr. Mike Veverka - Director Mr. Ian Mackay - Director Mr. Bill Lyne - Director/Secretary

Yours truly

D K Barwick Chairman