CORE ENERGY MINERALS LTD — Director's Dealing 2005

Jan 9, 2005

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. Introduced 30/9/2001.

Name of entity	GLOBAL APPROACH LIMITED
ABN	47 058 834 343

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	David Keith BARWICK
'Date of last notice	23 June 2004

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Registered Holder	Circumstances giving rise to the relevant interest.
Direct interests David Keith Barwick	Mr Barwick is a director of Global Approach Limited
Indirect interests Barwick Investments Pty Ltd D K Barwick Investments Pty Ltd David Barwick Superannuation Fund	Mr Barwick is a director and shareholder Mr Barwick is a director and shareholder Mr Barwick is a trustee
Change in Relevant Interest	No of Securities
	Prior to change	Acquired	Disposed	After change
Fully Paid Ordinary Shares Barwick Investments Pty Ltd D K Barwick Investments Pty Ltd David Barwick Superannuation Fund	26,517 1,964,498 500,000	26,517 0 150,000	0 0 0 0	53.034 1,904,498 650,000
Total	2, 431, 015	176,517		2,607,532
Unquoted Options 10¢ 31/1/06 DK Barwick Investments Pty Ltd Barwick Investments Pty Ltd David Barwick Superannuation Fund Total	632,142 26,517 350,000 1,008,659	0 0 0 0	92.054 26,517 350,000 468,571	540,088 0 540,088
	Acquired			Disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	10 cents per share, cash		a. 292,054 options sold for 2 cents per option, cash b. 176,517 options exercised
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options		Off-market trade а. – Options exercised b.

$+$ See chapter 19 for defined terms.

Part 2 - Change of director's interests in contracts

Detail of contract	Nil.
Nature of interest
Name of registered holder (if issued securities)
Date of change
Interest before change Number & class of securities to which interest related prior to change. Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Bill Lyne Company Secretary
10 January 2005

⁺ See chapter 19 for defined terms.