CORE ENERGY MINERALS LTD — Capital/Financing Update 2006

Nov 2, 2006

ASX RELEASE - Friday 3rd November 2006

GLO Investment Update

Directors of Jumbo Corporation Limited would like to clarify the possible impact that the company's shareholding in Global Approach Limited (ASX:GLO) would have on half year results.

Jumbo currently holds 11,728,817 GLO shares valued at \$0.10 per share resulting in an non-current financial asset of \$1,172,882 as of 30 June 2006. Under the International Financial Reporting Standards (IFRS) this asset would be tested for

impairment at 31 December 2006. If for example, the GLO shares would be valued at \$0.040, the asset would be revalued at \$469,152 resulting in an extra-ordinary impairment loss of \$703,729 added to the companies operating result.

Jumbo's operations continue to be strong and are unaffected by this write down. Furthermore the lottery division has not been materially affected by changes in US Legislation which have had an impact on GLO (See GLO announcement dated 16^th October 2006).

Jumbo's results for FY06 showed a profit of \$786,973 (its $4^th$ consecutive increasing profit) and Net Assets of \$7,788,984 at 30 June 2006.

The once-off profit reduction indicated above may vary depending on further developments in GLO before 31 December 2006. GLO has informed directors that it is currently working on a number of positive developments to improve the situation and minimise the impact on the GLO share price.

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ASX Code:	JUM
Shares on Issue:	370 million
Options on Issue:	16.25 million
Share price (2 Nov 2006)	2.9c
Market Cap:	\$11 million
Top 20 hold:	48%
Annual Share Volume	386 million
Last Month Share Volume	15 million

About Jumbo

Jumbo has recently restructured and refocused its efforts towards lotteries. The lottery division retails popular lotteries such as Saturday Lotto, Powerball and OzLotto via its website at www.ozlotteries.com.

The lottery division also supports a private network of lottery outlets in various Pacific Islands including Fiji, Cook Islands and Norfolk Island.

The Company has recently released its FY06 Financial Report with its 4^th consecutive full year profit.

Expansion into Proprietary Lottery Games

On 28 September 2006, Jumbo Directors announced details of a growth strategy to expand into proprietary lottery games to increase its range of games available to customers.

The strategy is aimed at launching its own lottery games in addition to reselling Australian lotteries with the benefit of flexibility to tailor-make games for cultural tastes in specific international markets.

For further information, please contact:

Mike Veverka CEO, Jumbo Corporation (07) 3831 3705