| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE July 11, 2006 PROPOSED FINANCING - 1.875 Million Non Flow-Through UnitsCons. Big Valley Resources Inc. (CBG.H) is arranging a further non- brokered private placement of one million eight hundred seventy five thousand units for gross proceeds of $ 300,000 (non flow-through). Each non flow-through unit, at a price of $0.16 per unit, it comprised of one common share and one common share purchase warrant, entitling the holder to purchase one additional common share of the company for a period of one year at a price of $0.21 per share. 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, with a view that the company will advance from NEX to Tier 2. Proceeds to be used for additional working capital as may be required in the completion of the Company’s graduation to Tier 2.
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. | 