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CORE ENERGY MINERALS LTD Capital/Financing Update 2004

Nov 30, 2004

Capital/Financing Update

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1 December 2004

Company Announcements Office Australian Stock Exchange Sydney

We advise that the 750,000 unlisted options over ordinary shares, exercisable at 16¢ each, expired on 30 November 2004 unexercised.

Yours faithfully,

Bill Lyne Director/Secretary