Consolidated Big Valley Resources Inc.
NEX BOARD : CBG.H

May 12, 2005 15:40 ET

Consolidated Big Valley Options Further Property in the Mount Polley Area

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 12, 2005) - Consolidated Big Valley Resources Inc. (NEX:CBG.H) is pleased to announce that it has entered into an Option Agreement to acquire a 100% interest in additional gold/copper prospects located in the Mount Polley area. The property encompasses 15 claims covering approximately 1,792 hectares, located in central British Columbia, northeast of Williams Lake, known as Jacobie Lake, Cariboo Mining Division. These claims are located adjacent too and in the near vicinity of the recently acquired Globex Mining property (see May 4 & March 16/05 news releases).

The Company has optioned the claims from Lloyd Addie of Nelson, B.C. Terms of the agreement are for staged cash payments totalling $100,000 over the next three years and staged common share issuances totalling 400,000 over the same period. Addie will also retains a 2% NSR with a 1% buyout provision. A finders fee will be payable as a result of this transaction. The above agreements are subject to TSX Venture Exchange approvals.

Consolidated Big Valley has now purchased and has the option to acquire four strategically located claim blocks in the Mount Polley region, some of which adjoin the Imperial Metals Corp. (TSX:III) holdings.

The Company is planning an aggressive exploration program in 2005 from ground geophysics, trenching, to diamond drilling on these properties, as well as additional staking where available.

Further information about the significance of its recent Jacobie & Ed Claim group acquisitions will be forthcoming as the data is compiled.

ON BEHALF OF THE BOARD OF DIRECTORS

Edward Graham, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Consolidated Big Valley Resources Inc.
    Edward Graham
    Director
    (604) 683-6648
    (604) 683-1350 (FAX)