Consolidated Beacon Resources Ltd.
TSX VENTURE : KBC

Consolidated Beacon Resources Ltd.

December 11, 2006 13:13 ET

Consolidated Beacon Resources Ltd.: Amended Private Placement

CALGARY, ALBERTA--(CCNMatthews - Dec. 11, 2006) - Consolidated Beacon Resources Ltd. (TSX VENTURE:KBC) (the "Company") is pleased to announce it has arranged an increase in its announced non-brokered private placement from Cdn $ 500,000 to an amount of up to Cdn $1,000,000 at a price of $0.07 per unit. Each unit will consist of one common share and one full warrant, with an exercise price of $0.12 for a period of two years. Proceeds from this financing will be used for general working capital and continued development of its California oil and gas prospect located in the San Joaquin Basin.

About Consolidated Beacon Resources Ltd.

Consolidated Beacon Resources Ltd. is a Calgary, Alberta based corporation in the business of evaluating and acquiring oil and natural gas properties, exploring for hydrocarbons, principally in the Provinces of Alberta, Saskatchewan and Nova Scotia, the Northwest Territories, and the United States.

The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.

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