| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE March 9, 2006 PROPOSED FINANCING (1.5 million Flow Through & 2.0 million Non-flow through Units)Cons. Big Valley Resources Inc. (CBG.H) is arranging a non- brokered private placement of three million five hundred thousand units for gross proceeds of $ 465,000 (both flow through and non flow-through). Each flow-through unit, at a price of $0.15 per unit, comprising of one common share and one-half common share purchase warrant, entitling the holder to purchase one additional common share of the company with two warrants for a period of two years at a price of $0.20 per share in the first year and $0.30 per share in the second year. Each non-flow through unit will be priced at $0.12 per unit with similar warrant terms and prices. All securities issued pursuant to this private placement will be subject to a four month hold period. Finder’s fees will be paid on the financing as per regulatory guidelines. This transaction is subject to the approval of the TSX Venture Exchange. Proceeds to be used for working capital and the development of the Company’s Russian Kid Project. OTHER Upon completion of the financing, the Company will be submitting all relevant documentation to the TSX Venture Exchange for approval and transition back to Tier 2 from the NEX. -------------------------------------------------------------------- March 10, 2005 WARRANT CLARIFICATION In order to comply with NEX Policy the warrants for the proposed financing announced March 9th will be restricted to one year at $0.20 for both flow-through and non-flow through unit. There will be no warrants in the second year as previously announced.
ON BEHALF OF THE BOARD Jake Bottay, President/Director THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. | 