Creator Capital Limited

Creator Capital Limited

March 30, 2005 20:24 ET

Creator Capital to File Form 20-F Annual Report


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CREATOR CAPITAL LIMITED

OTC Bulletin Board SYMBOL: CTORF

MARCH 30, 2005 - 20:24 ET

Creator Capital to File Form 20-F Annual Report

HAMILTON, BERMUDA--(CCNMatthews - March 30, 2005) - CREATOR CAPITAL
LIMITED (OTCBB:CTORF) ("CCL" or the "Company") reports that, it will
revert back to filing the FORM 20-F Annual Report ("20-F") with the
United States Securities and Exchange Commission ("SEC"), beginning with
the 2004 Annual Report.

By way of background, CCL (then known as Sky Games International)
initially listed on the NASDAQ Small Cap as a foreign issuer filing the
20-F in March 1995. As a result of the "Amalgamations" of June 1997, CCL
(then known as Interactive Entertainment Ltd.) relocated its operations
to Memphis, Tennessee. With both "mind and management" of the Company,
along with greater than 50% of the total shares residing in the United
States, the Company made the decision to file as a U.S. domestic issuer
and submit the FORM 10-K Annual Report to the SEC.

In early 1999, a change in the Management of the Company led to
relocation outside of the United States, and the percentage of shares
residing outside the United States grew to greater than 50% of the
outstanding. As a result, CCL has been eligible to file the 20-F for
Foreign Issuers since 1999.

About Creator Capital

Creator Capital Ltd., a Bermuda exempted company, along with Harrah's
Entertainment Inc., introduced the in-flight interactive gaming
experience to international airline passengers as a method of creating
additional revenues for airlines in 1998. 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.

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