November 15, 2004

Consolidated Big Valley Resources Inc. (CBG.H) is pleased to announce that it has entered into an Option Agreement to acquire a 100% interest in a Gold/Copper and Molybdenum exploration property located in the Mount Polley region. The property encompasses 114 contiguous claim units covering approximately 2850 hectares, located in central British Columbia about 45 km northeast of Williams Lake. The claims are accessible by vehicle from Williams Lake via the Likely/Gavin Lake roads. The property lies 10 kilometres southwest of the Mount Polley copper/gold mine and mill, and about 12 kilometres from the new discovery, the Northeast deposit where one recently reported 58 meter drill section assayed values of 2.54% copper and 1.15 grams per tonne gold. A high tension hydro electric power line serving the Mount Polley Mine runs through the property.

The property is located in the central Quesnel Trough. The trough is a prolific host for gold, copper and molybdenum mineralization due to the presence of strong regional fault structures and volcanic centres with associated alkalic intrusives, anomalous in copper-gold. The claims cover volcanics and sediments that have been intruded by stocks of diorite-syenite and dykes swarms of quartz monzonite that carry molybdenite mineralization

The Gavin Lake group comprising the Miracle claims, were explored by Amax Exploration in the late 1960’s and early 70’s. Amax completed a significant exploration program on the property, which included line cutting (in excess of 75 kilometres), for geochemical surveys for copper, molybdenum and zinc, and a ground magnetometer survey. Geological mapping was also completed on the eastern section of the property.

The property was later optioned by Zubex Exploration in the mid 70’s and further exploration work was performed on the western section of the property, which also included geological mapping, line cutting, geochemical soil survey (with the addition of gold) and geophysical survey which outlined coincident anomalies of gold, copper and molybdenum, primarily associated with quartz monzonite porphyry dykes. These coincident anomalies are considered possible drill targets. Geochemistry near the western section of the property outlines a molybdenum target 1100 metres x 150 metres in extent trending northwesterly.

The Miracle-Gavin Lake prospect warrants a detailed exploration program particularly focused on the coincident anomaly areas and a large auriferous quartz vein at the eastern end of the property. Work should first include reopening of the grid network (line cutting), correlation and analysis of available information on which to base drill targets as the next exploration stage.

The above information has been provided by Egil Livgard, P.Eng. of Vancouver, B.C.

Consolidated Big Valley has acquired the option to earn 100% interest in the property(s) from the vendor, Autry Combs of Quesnel, B.C..

Cash payments, and terms are as follows:
1. $20,000 upon signing of the Agreement;
2. $40,000 within 10 days following the conclusion of the first work program on the Property;
3. $40,000 on or before every annual anniversary commencing October 15th 2005 until production commences;
4. 150,000 common treasury shares within 5 days of TSX Venture Exchange approval and 150,000 additional shares following the conclusion of the Phase 2 work program on the Property;
5. Expending a minimum of $1,500,000 on exploration expenditures on the property on or before December 25, 2010 with a minimum program to be completed no later than December 15,2004; and
6. Vendor will retain a 3% NSR on the claims and/or a 4% Gross Overiding Royalty (GORR), with a buyout of $500,000 for each one-half percent.

A finder’s fee will be payable in accordance with the policies of the TSX Venture Exchange. The acquisition agreement is subject to regulatory approvals.

ON BEHALF OF THE BOARD

Frank J. Basa, P.Eng.
President/Director