CORE ENERGY MINERALS LTD — Capital/Financing Update 2004

May 13, 2004

ABN: 66 009 189 128 Level 8, Riverside Centre 123 Eagle Street Brisbane QLD, 4000 Ph: +61 7 3831 3705 $Fax:$ +61 7 3831 9720

ASX RELEASE

Friday 14 May 2004 - GLO COMPLETION OF DUE DILIGENCE TO ACQUIRE AN INTEREST IN SECOND ONLINE CASINO

Global Approach Limited (ASX:GLO) today announced that the due diligence process has now been completed to the board's satisfaction and all formal documentation relating to the acquisition has been agreed in principle. It is anticipated that execution of the formal documentation and allotment of the shares for the 23% interest will take place within the next two weeks. Upon finalisation of this transaction GLO shall make a further announcement to the market in that regard. This supplements GLO's existing online casino which is located in Canada

"GLO's acquisition of a second online casino has progressed well", said Mr Mike Veverka, CEO of Jumbo Corp. "The second online casino will enhance the growth opportunities in the future and set the stage for GLO to become a significant player in the online gaming industry".

The new online casino. The UK Casino Club operates out of two main websites at www.ukcasinoclub.com and www.ukcasinoclub.co.uk and offers players the choice of Pounds, Euro or US Dollars though its online payment system.

Jumbo Corporation Limited currently holds 19.9% of the fully paid ordinary shares in GLO plus 4.5 million tradeable options (ASX:GLOO) and 4.93 million unlisted 10c options. The retailing operations of JUM have improved due to the successful marketing techniques and technological synergies that exist between the companies.

The full announcement is attached and is also available at the Jumbo Corporation web site at www.jumbocorporation.com

For further enquiries, please contact: Mike Veverka, CEO Ph: (07) 3831 3705 Fx: (07) 3831 9720 Email: mike@jumbocorporation.com Web: www.jumbocorporation.com

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The Press Found

ASX AND PRESS RELEASE

14th May 2004

COMPLETION OF DUE DILIGENCE TO ACQUIRE AN INTEREST IN SECOND ONLINE CASINO

On the 23^rd March 2004 Global Approach Limited (ASX:GLO) announced that it had entered into a letter of understanding to acquire a 23% interest in a second online casino called "The UK Casino Club".

The terms of GLO's acquisition of the 23% holding are as follows:

• 1. Purchase price of AUD\$276,000 to be paid by issuing 2.76 million GLO shares (deemed issue price 10c) which values the entire casino at AUD\$1.2 million. 2.76 million GLO shares represent approximately 6% of the total shares in GLO.
• 1. The acquisition is subject to the:
• (a) satisfactory completion of due diligence investigations by the GLO board on the UK Casino Club;
• (b) preparation of formal and binding documentation to effect the acquisition; and
• (c) receipt of all necessary approvals required to effect the acquisition.

Global Approac

AGN 27 OCTOBER

The board of GLO is pleased to advise that the due diligence process has now been completed to the board's satisfaction and all formal documentation relating to the acquisition has been agreed in principle. It is anticipated that execution of the formal documentation and allotment of the shares for the 23% interest will take place within the next two weeks. Upon finalisation of this transaction GLO shall make a further announcement to the market in that regard.

The UK Casino Club operates out of two main web sites at www.ukcasinoclub.com and www.ukcasinoclub.co.uk with the casino offering players the choice of Pounds, Euro or US dollars through its online payment systems.

GIGSE '04 Conference

Mr. Barwick will be attending the Global Interactive Gaming Conference & Expo in Toronto Canada which commences on the 17^th May 2004. This conference will enable him to investigate other opportunities for the company. He will also be visiting the Kahnawake site near Montreal which hosts the operations of both Music Hall Casino and UK Casino. The casino licenses are issued by the Kahnawake Gamming Commission which is also based there.

For further enquiries, please contact:

David Barwick, Executive Chairman

Ph: (07) 3317 2226 Fx: (07) 3317 2243

Email: davidb@globalapproach.com.au

Web: www.globalapproach.com.au