Consolidated Gold Win Ventures Inc.

Consolidated Gold Win Ventures Inc.

May 25, 2006 15:42 ET

Consolidated Gold Win Ventures Inc.: Kimberlite Intersected in Western Step Out at Mud Lake Diamondiferous Sill

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2006) - CONSOLIDATED GOLD WIN VENTURES INC. (TSX VENTURE:CGW) ("Gold Win") and Snowfield Development Corp. ("Snowfield") are pleased to report that kimberlite has been intersected in the farthest west drill hole to date.

Snow 49 has intersected kimberlite over a width of 3.4m (drilling still in progress at time of this report) located 70 metres west of Snow 47 where intercepts of two sills 5.1m and 6.1m in thickness were encountered and sampled.

All drill holes continue to intersect kimberlite with most intersecting two sills. This represents an expansion of the area of known kimberlite and confirmation of the presence of two kimberlite sills with widths up to 6 metres. A complete list of drill hole statistics will be made available in subsequent news releases.

More kimberlite core is being collected to send to Kennecott's Thunder Bay Ontario Laboratory to test for diamonds by caustic fusion in addition to samples sent last week. Our current delineation drill program has provided more than anticipated quantities of kimberlite core for analysis by caustic fusion and the locations from which they have come bestowed an intriguing selection.

These drill core samples, together with the mini-bulk sample which is well underway, will provide a very comprehensive look at this area's kimberlite occurrences.

Drilling is continuing with helicopter support and additional drilling on other targets in the area will be undertaken once the step out holes are completed. These exploration programs are fully funded by Gold Win to evaluate the potential of the diamondiferous kimberlites and the region.

The Mud Lake Kimberlite is the third diamondiferous kimberlite body discovered to date in the Drybones Bay area 55 kilometres southeast of Yellowknife, Northwest Territory and is underlain by the South Slave Craton which hosts all the currently producing Canadian Diamond mines.

Laurence Stephenson, P.Eng, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.

About Consolidated Gold Win Ventures

CGW is a progressive and rapidly advancing junior exploration company with interests in the North West Territories - Drybones Diamond properties, Nevada - South Dolly Varden Silver/Gold/Copper claims, British Columbia - Yeti Gold claims, Quebec - Raglan Platinum group metals claims.

The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements. The risks and uncertainties include those described in the Company's periodic filings on SEDAR.

We seek Safe Harbor.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Consolidated Gold Win Ventures Inc.
    Blair Naughty
    (604) 683-3995
    Consolidated Gold Win Ventures Inc.
    Abby Farrage
    (604) 671-4718
    Consolidated Gold Win Ventures Inc.
    Souhail 'Abby' Abi-Farrage
    President and Director
    (604) 671-4718