September 2, 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 Platinum exploration property located in the Mount Polley region. The property encompasses 30 contiguous claim units covering approx. 750 hectares, located in central British Columbia approximately 75km northeast of Williams Lake. The claims are accessible by vehicle from Williams Lake and a paved road is within 6 km of the property. The property lies approximately 12 km southeast of the Mount Polley Copper/Gold Mine mill. A high tension hydro electric power line serving the Mount Polley Mine is within 2.5 km of the property.

The property is located in the central Quesnel Trough. The trough is a prolific host for gold, copper mineralization due to the presence of strong regional fault structures with associated alkalic intrusives, anomalous in copper-gold and related volcanic centres. The claims cover very moderate topography and outcrops are rare. Outcrops of alkalic intrusive rocks occur along the Teasdale Creek Valley within the eastern portion of the claims and three outcrops were located on the west part of the claims during staking. Altered sedimentary rocks were noted in contact with the intrusives.

The Tea claims were initially prospected and staked by the Tattersall Group in the mid 1970s. Axiom Explorations Inc. purchased the Tea claims in the late 1970’s. A soil sampling program gave anomalous value in some areas. A magnetic ground survey indicated a southwest striking magnetic low which coincided with the soil anomalies. The soil anomalies were generally associated with pyrite rich volcanics and volcanoclastics. An outcrop of quartz feldspar porphyry intrusive was also located.

Utah Mines Ltd. took over the property in the early 1980’s and carried out a widely spaced (1.0 km between lines) soil survey program which is described in a report dated September 1984 (Assessment Report #13156). 361 soil samples were collected and analysed for copper, gold and arsenic. Statistics determined that gold was anomalous at 20 ppb or greater, copper at 124 ppm and arsenic at 13 ppm. Several anomalous line segments were located and the best one appears to be located on the present GOLD 22-23 claims.

In 1993 Canim Lake Gold Corp. reported on a soil geochemical survey (Assessment Report #22853) outlining several copper/gold anomalies. The anomalies range from single samples to large areas 1000 meters by 100 meters. One of these anomalies appears to coincide with the best anomaly located by Utah Mines on the present GOLD 22-23 claims. The anomaly is open to the west.

Mount Polley Mines has in the past several months located and drilled a new deposit on their claim grounds. The deposit appears to be large, and carries good copper and gold values. The deposit gives a very subtle magnetic response and soil surveying results are moderate. This affects the exploration procedures in the area, which in the past focused on high magnetic and soil survey result. In now opens up new exploration possibilities for the area. The Property warrants a detailed exploration program particularly focused on previous positive results and including geological mapping, line cutting, geochemical soil sampling and applicable geophysical surveys. The above information has been provided by Egil Livgard, P.Eng. of Vancouver, B.C. and the Company has contracted Mr. Livgard, a qualified person to prepare a summary report compliant with National Instrument 43-101.

Consolidated Big Valley has acquired the option to earn 100% interest in the property(s) from the vendor, Quantum Speed Internet products Inc. of Williams Lake, B.C..

Cash payments, and terms are as follows:

1. $20,000 upon signing of the Agreement;
2. $40,000 within 30 days following the conclusion of the first work program on the Property;
3. $30,000 on or before every annual anniversary date of signing until production commences;
4. 100,000 common treasury shares upon TSX Venture Exchange approval and 200,000 additional shares within 30 days following the conclusion of the first work program on the Property;
5. Expending a minimum of $1,000,000 on exploration expenditures on the property over a period of six years; and
6. Vendor will retain a 2% NSR on the claims, 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.

The Company has granted 476,000 incentive stock options to directors, officers and employees, under its Stock Option Plan for a period of two years at a price of $0.15 per share.

ON BEHALF OF THE BOARD

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