CORE ENERGY MINERALS LTD — Capital/Financing Update 2007

May 10, 2007

1. . . . . . . . . . . . . . . . . . . EXPENSION COLUMN

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ASX RELEASE

9th May 2007

SHARE PURCHASE PLAN CLOSED

The Directors of Global Approach Limited (GLO) wish to advise that that the Share Purchase Plan (SPP) closed on the 4^th May 2007 with Shareholders applying for 4,465,000 shares amounting to \$136.950.

As the SPP is fully underwritten by certain Directors and their associated entities, a major shareholder of GLO and Berpaid Pty Limited, subject to Shareholder approval with the Extra Ordinary Meeting (EGM) set for 18^th May 200 all 111,750,000 shares will be issued raising an amount of \$3,352,500. Holding Statements will not be dispatched to Shareholders until after the EGM.

Mr David Barwick, Chairman of GLO said that after payment of the associated financing costs the Company will have in excess of \$3 million to actively identify and acquire a business.

David K Barwick Chairman