| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE April 13, 2006 CONSOLIDATED BIG VALLEY COMPLETES SECOND STAGE OF OPTION TO ACQUIRE INTEREST IN THE TIMMINS CAMP, ONTARIO PROPERTYConsolidated Big Valley Resources Inc. (“CBG”) previously reported entering into an Option Agreement (March 1/05 News Release) whereby CBG agreed to acquire a 100% interest in a nickel/copper exploration property located in the Moberly, Thorburn and Byers Townships—Porcupine Mining Division, approx. 37 km. Northwest of Timmins, Ontario. On March 17/05 the TSX Venture Exchange accepted for filing this agreement. CBG has now completed the second stage of this agreement with the vendors Robert Robitaille, Douglas Lalonde and Sheldon Davis of Ontario. In consideration CBG has issued the following: 1) 125,000 common shares –1st anniversary option payment; and
2) In lieu of $40,000 cash payment a further 200,000 common shares at a deemed price of $0.20 per share. CBG has also issued a further 15,000 common treasury shares as a finders fee to Frank C. Smeenk of Ontario. The vendors and finders fee shares are subject to a four-month hold period expiring August 5, 2006.
ON BEHALF OF THE BOARD Gary Musil, Director THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
