| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE March 16, 2005 CONSOLIDATED BIG VALLEY ACQUIRES FURTHER PROPERTY IN THE MOUNT POLLEY AREAConsolidated Big Valley Resources Inc. (“CBG.H”) is pleased to announce that it has entered into an Agreement to acquire a 100% interest in an additional gold/copper prospect located in the Mount Polley area. The property encompasses 4 claims (4 units) covering approximately 100 hectares, located in central British Columbia, northeast of Williams Lake, known as Jacobie Lake, Cariboo Mining Division. The Company acquired the claims from Globex Mining Enterprises Inc. (TSX –“GMX”) of Rouyn-Noranda, Quebec. Terms of the agreement are for 225,000 common treasury shares within 5 days of TSX Venture Exchange approval and Globex retains a 2% NSR. A finders fee will be payable as a result of this transaction. Consolidated Big Valley now has the option to acquire three strategically located claim blocks in the Mount Polley region, some of which adjoin the Imperial Metals Corp. (TSX –“III”) holdings on the south: - Gold Claims – 30 claims (30 units), 750 hectares;
- Gavin Lake –Miracle Claims – 7 claims (136 units), 3400 hectares;
- Jacobie Lake Claims – 4 claims (4 units), 100 hectares.
The Company is planning an aggressive exploration program in 2005 from ground geophysics, trenching, to diamond drilling on the above properties, as well as additional staking where available. Further information about the significance of its recent Jacobie Lake acquisition will be forthcoming as the data is compiled.
ON BEHALF OF THE BOARD Stuart Tennant
Director THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
