January 3, 2006

Consolidated Big Valley Resources Inc. (“CBG.H”) and Mirabel Resources Inc. (“RMB”) have entered into a working agreement for a period of 18 months from December 30, 2005 to jointly develop the Russian Kid Gold Mine in Quebec. Mirabel will use their unique expertise in the Thermal Fragmentation Mining Technology to work exclusively with Consolidated Big Valley. Consolidated Big Valley will assist in identifying, recovering and processing the ore. The Thermal Fragmentation Mining Technology recovers ore from narrow vein structures with minimum dilution and produces a product that requires a simplified processing plant for maximum recovery at the lowest cost per recoverable ounce of gold. During the term of this working agreement Mirabel Resources and Consolidated Big Valley will equally share costs and profits.

Donald Brisebois, President of Mirabel Resources and Frank J Basa, P.Eng., President of Consolidated Big Valley Resources are pleased with the synergies of these two companies and are confident that they will produce an operating procedure and method that can recover gold from otherwise uneconomic and exhausted mining operations.

A previous feasibility report prepared by ABBDL -- TECSULT in March, 1984, for Metalor Inc. estimated the current in situ mineral resources at 1,124,532 short tons grading 0.25 ounce/ton gold (equating to 281,133 ounces of gold). This historical resource is not compliant with current standards as outlined in the National Instrument NI 43-101 and should not be relied upon. The Company is quoting this historical resource solely as an indication of the potential, and was not verified by a qualified person. MRB and Associates reviewed the available reports and studies completed by previous owners focusing on the potential of narrow, high-grade, gold-bearing quartz veins. According to Martin Bourgouin, PGeo, principal geologist for MRB and Associates, numerous quartz veins ranging in width from between a few centimetres to 60 centimetres and containing chalcopyrite, are present on this property. From the expertise acquired by Mirabel Resources on its numerous projects, these veins appear to be mineable using the Thermal Fragmentation Mining Technology.

The Company has not done the work necessary to verify the classification of the resource and is not treating them as 43-101 defined resource verified by a qualified person.

Much of the historical work on the Russian Kid gold mine property was carried out by surface diamond drilling and via a 2,700-foot decline, which provided access to three underground levels. In all, 15,625 short tons were milled at the Belmoral and Lamaque mills near Val d'Or. A shaft 320-feet deep was later sunk on the property.

Subject to approval by the TSX Venture Exchange, Consolidated Big Valley Resources Inc. has arranged to sell 1,400,000 units at the price of $0.05 per unit with a one-year warrant at $0.10 per share by way of a non-brokered private placement to raise gross proceeds of $70,000. The proceeds will be used for working capital purposes.

ON BEHALF OF THE BOARD

Frank Basa, President/Director