March 1, 2005

Consolidated Big Valley Resources Inc. (“CBG”) is pleased to announce that it has entered into an Option Agreement to acquire a 100% interest in a Nickel/Copper exploration property located in the Moberly, Thorburn and Byers Townships—Porcupine Mining Division. The property encompasses 12 claims – 103 contiguous units covering approximately 4080 acres, located about 37 km NW of Timmins, Ontario; 27 km due west of Kidd Creek; 30 km east of Falconbridge’s Montcalm Deposit and 15 km NW of the Kamiskotia Lake area.

The Lalonde/Robitaille/Davis (“LRD”) property is located in an area with known massive sulphide (Fe-Ni-Cu) mineralization. The Cominco Deposit (130,000 tons of 0.73% Ni and 0.68% Cu) is immediately adjacent to the southern boundaries of the LRD property. The Hollinger Deposit in Loveland Township (442,000 tons of 0.71% Ni and 0.42% Cu) lies 4 km to the SSE. The mineral rich (1-2% Ni/Cu) Loveland float field is approximately 5 km SSE of the LRD property.

The LRD property is continuous to the north of the Cominco, Hollinger Deposits, geophysical trend. Four MegaTem II anomalies were discovered during Abitibi Discovery airborne survey flown in 2003. These anomalies were followed up with ground (HLEM) geophysical survey which produced two strong conductors striking north/south over 800 metres parallel to each other, separated by approximately 300 metres. These conductors are coincident with the MegaTem II anomalies and have never been drilled. These drill ready targets, with approximately 25 to 30 metres of overburden will be further investigated with a drill program that will be announced shortly.

Consolidated Big Valley has acquired the option to earn 100% interest in the property(s) from the vendor(s) Robert R. Robitaille and Douglas Lalonde of Timmins and Sheldon Davis of Toronto, Ontario, under the following terms:

1. As reimbursement of $45,000 in exploration work; 225,000 common treasury shares to the vendors within five days of Exchange approval;
2. As further payment within five days of Exchange approval an additional 250,000 shares;
3. As cash payment or at the election of CBG to equivalent payment in shares at a deemed price of $0.20 per share within thirty days of signing this Agreement and receipt of a 43-101 qualifying report payments totalling $27,000 to the vendors;
4. Within one year anniversary of the date of the Agreement: $40,000 cash and 125,000 shares;
5. Within second year anniversary of the Agreement: additional $80,000 cash and 125,000 shares;
6. The Vendors shall retain a three percent (3%) NSR with buyout provisions for 1.5% of the NSR

A finder’s fee of 50,000 shares will be payable in accordance with the policies of the TSX Venture Exchange. The Option Acquisition Agreement is subject to regulatory approvals.

ON BEHALF OF THE BOARD

Stuart Tennant
Director