| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE June 9, 2006 CONSOLIDATED BIG VALLEY RENEGOTIATES SECOND STAGE OF OPTION TO ACQUIRE INTEREST IN MOUNT POLLEY AREA PROPERTYConsolidated Big Valley Resources Inc. (“CBG”) previously reported entering into an Option Agreement (May 12/05 News Release) whereby CBG agreed to acquire a 100% interest in various claims covering approx. 1,972 hectares, located in central British Columbia, northeast of Williams Lake, known as Jacobie Lake, Cariboo Mining Division. These claims are located adjacent to and in the near vicinity of the 100% owned Globex Mining property (see March 16 & May 4/05 news releases). CBG is now completing the second stage of this agreement with the vendor Lloyd Addie. In consideration CBG has issued the following: - 100,000 common shares – 1st anniversary payment; and
- SUBJECT TO REGULATORY APPROVAL, in lieu of a $10,000 cash payment, it has agreed to issue a further 25,000 shares (deemed price of $0.20) and $5,000 cash payment.
The Company is negotiating with potential joint venture partners for the Mount Polley area properties whose earn-in obligations would consist of work programs in the 2006 exploration season.
ON BEHALF OF THE BOARD Gary Musil, CFO
Secretary/Director THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
