Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE April 4, 2005 CONSOLIDATED BIG VALLEY COMPLETES ACQUISITION OF FOUR MINERAL CLAIMS, LOCATED IN THE MOUNT POLLEY AREA OF JACOBIE LAKE, CARIBOO MINING DIVISION, B.C.Consolidated Big Valley Resources Inc. (“CBG”) previously reported entering into an Acquisition Agreement (March 16/05 News Release) whereby CBG agreed to acquire a 100% interest in a gold/copper prospect located in the Mount Polley area of Jacobie Lake, Cariboo Mining Division, B.C. On March 24/05 the TSX Venture Exchange accepted for filing this agreement. In consideration of the acquisition CBG has issued to Globex Mining Enterprises Inc. (TSX – “GMX”) of Rouyn-Noranda, Quebec, the following: - 225,000 common treasury shares at a deemed price of $0.32 per share; and
- Globex retains a 2% net smelter return.
CBG has also issued 22,500 common treasury shares as a finders fee to Lloyd Tattersall of 150 Mile House, B.C. The vendor and finders fee shares are subject to a four-month hold period expiring July 29,2005. OTHER
Consolidated Big Valley Resources Inc. has granted 490,000 incentive stock options to directors, officers and consultants, under its Stock Option Plan for a period of two years at a price of $0.35 per share.
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. |
