December 1, 2004

Consolidated BigValley Resources Inc. is pleased to announce the appointment of James B. Ingram of Red Bank, New Jersey, U.S.A. to the Board of Directors, subject to regulatory review and acceptance.

Mr.Ingram studied Business Management at St. Peters College, Jersey City, N.J., and has been involved in the financial aspects of business and stock/loan management for over twenty-five years. His management experience with L.F.Rothchild, Mitchell Hutchins, Drexel Birnham, and E.A. Viner to name a few U.S. brokerage firms brings along numerous contacts in the financial stockmarket business.

Mr.Ingram currently owns and operates JBI Transportation –a limousine and medical transporation company, as well as other service businesses in the Red Bank, New Jersey area.

Richard J. Cline has resigned from the Board. The Company wishes to thank Mr. Cline for his valuable input and assistance over the past number of years and is expecting to retain him as a Consultant in reviewing further mining and business venture proposals.

Beginning in or about November 1997 and at several times thereafter, the Company and HDL Wood Industries Inc. entered into various agreements and arrangements for the primary purpose of manufacturing and marketing fine wood veneers (the “Business Venture”). Differences later arose between HDL and the Company and the Business Venture did not proceed. HDL, Ulf Ottho (a property mortgage holder) and the Company have agreed to settle this Business Venture. General terms of the settlement agreement are that the Company shall sell to HDL its interest in the property for the sum of $100,000 and release Ottho from any obligations pertaining to the property. The Company shall pay to Ottho $15,000 and 50,000 common shares, subject to regulatory approval for certain costs and expenses incurred pertaining to the property. A finders fee is also payable in relation to this transaction.

ON BEHALF OF THE BOARD

Edward Graham,
Vice President/Director