May 16, 2005

Consolidated Big Valley Resources Inc. (“CBG.H”) is pleased to announce that it has entered into an Acquisition Agreement to acquire a 100% interest in additional gold/copper prospects located in the Mount Polley and Woodjam property areas, Cariboo Mining Division. Seven claim groups, known as the Likely Hill Group, encompassing approx. 1528 ha, are located just NE of the Mount Polley’s new NE Discovery Zone. The claim group is within 300 m of Mount Polley claim boundary, and only 2,750 m NE of their new discovery.

The second group of claims, the Deer Horn West Group, covers 614 ha, and is 5 to 6 km SW of the copper/gold Woodjam Property. Fjordland Exploration Inc. may earn a 60% interest in Woodjam by completing $1.5 million in exploration and making share issuances and cash payments to Wildrose Resources by October 2006.

The Company has acquired the claims from John Bot of Quesnel, B.C. Terms of the agreement are for cash payments totalling $7,500 and staged common share issuances totalling 200,000. Bot will also retain a 2% NSR with a 1% buyout provision. A finders fee will be payable as a result of this transaction. The above agreements are subject to TSX Venture Exchange approvals.

Consolidated Big Valley has now purchased and has the option to acquire five strategically located claim blocks in the Mount Polley region, some of which adjoin the Imperial Metals Corp. (TSX –“III”) holdings on the southwest and northeast.

The Company is planning an aggressive exploration program in 2005 from ground geophysics, trenching, to diamond drilling on these properties, as well as additional staking where available.

Further information about the significance of its recent Likely Hill and Deer Horn West Claim group acquisitions will be forthcoming as the data is compiled.

ON BEHALF OF THE BOARD

Edward Graham

Director