Creator Capital Limited: Corporate Update.

Business Editors

CREATOR CAPITAL LIMITED (OTCBB:CTORF) ("CCL") common shares most certainly had an incredible trading day yesterday. A total of 653,200 common shares traded with an astonishing fluctuation ranging from an opening trade of US$0.10 yesterday morning to a low of US$0.01 midway through the trading day to close a penny higher at US$0.11, for a US$0.01 gain on the day!

CCL is not aware of any reason whatsoever which could possibly account for the "roller coaster ride" the shares experienced yesterday. Suffice to say that business is "as usual" and there have not been any significant material changes, which would account for such activity.

CCL management is currently working towards the World Airline Entertainment Association (WAEA) 23rd Annual Conference & Exhibition September 24-27, 2002 which is being held in Seattle, Washington, U.S.A. The WAEA Annual Conference is, by far, the industry's largest and most effective showcase for new IFE hardware, software, services and support. It is also the one opportunity each year, where the Airline Industry in-flight entertainment/communications professionals comprising over 300 supplier companies are able to gather with representatives of more than 70 major airlines which represent over 75% of the IFE (Inflight Entertainment) buying power.

This year, CCL is pleased to re-introduce the original Sky Games entertainment system concept, updated with the latest technological features - an independent wireless system offering a choice of DVD Movies, PC Amusement Games, Gaming, and Email. CCL is working with Fujitsu PC Corporation to optimize Fujitsu's internationally acclaimed, industry-leading sub-notebook features, including the touch-screen and pen tablet options. The system offers Airlines, both large and small, an alternative to installed IFE systems, thus enabling them to avail themselves of the opportunity of Revenue Generation through Advertising and Gaming.

The www.china-lotteries.com website is nearing completion, with the "back office" functions slated to be completed in time for Beta testing prior to the resumption of Soccer Betting in China when the British and Italian Soccer Leagues resume play in the early fall.

About Creator Capital

Creator Capital Limited is a Bermuda exempted company. CCL holds an investment in a China Lotteries Project. The Company introduced the in-flight interactive gaming experience to international airline passengers as a method of creating additional revenues for airlines. Creator Capital's two products are Sky Games and Sky Play. Sky Games consists of interactive gaming, such as Blackjack (21), Draw Poker, and Slots. Sky Play consists of interactive PC amusement games such as Mah Jong, Solitaire and Chess.

ON BEHALF OF THE BOARD OF DIRECTORS

Deborah Fortescue-Merrin, President

Safe Harbour statements under the Private Securities Litigation Reform Act of 1995; - this release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21B of the Securities Exchange Act of 1934. Any statements which express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact, may be foreword looking statements. Forward looking statements are based upon expectations, estimate sand projections at the time the statements are made, which involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.