| Consolidated Big Valley Resources Inc. - CBG.HNEWS RELEASE July 20, 2006 BIG VALLEY ENTERS INTO AN AGREEMENT FOR GRANADA MINE PROPERTY IN QUEBECConsolidated Big Valley Resources Inc. (“CBG.H”) has entered into a ‘Lease To Purchase’ Agreement with Mousseau Tremblay Inc. for the acquisition of 100% interest in the Granada Mine Property located in Rouyn – Noranda, Quebec. The terms include $350,000 cash and lease payments, plus a 3% NSR with a 1.5% buyout for $1 million, are subject to regulatory approval. The property is the site of the Company’s newly acquired 250-ton/day gold mill that is now in operation processing stockpiled ore. Historical data indicates that past production from the Granada property has been from narrow high-grade quartz veins. A NI 43-101 Report has been commissioned to evaluate present reserves and further potential as the property will be part of the Tier II graduation for the Company. The Company is also evaluating other nearby properties to add to an inventory of proven producers to move towards its mandate to be a mid size gold producer.
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. | 