CORE ENERGY MINERALS LTD — Capital/Financing Update 2008

Mar 16, 2008

GLOBAL APPROACH LIMITED

ABN 27 009 118 861

14 March 2008

Company Announcement Office Australian Securities Exchange Limited Exchange Centre Level 4, 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Ms

Re: Shareholder Update ‐ Acquisition of Teys Proprietary Ltd

As previously advised Global Approach Limited (“GLO” or “the Company”) is currently in negotiation with the vendors of Teys Proprietary Ltd (“TPL”) and holders of $5.0 million in Global Approach Limited Convertible Notes in respect to the terms of the acquisition of TPL.

Substantive progress has been made on these revised terms and it is anticipated that documentation to finalise the revised terms will be completed in the week commencing 24 March 2008, after which a further release will be made to the market.

Yours sincerely Global Approach Limited

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Dean Gallegos Chairman

Street Address: Level 15, 25 Bligh Street, Sydney NSW 2000 Ph: +61 2 9233 2520 Fax: +612 9233 2530