Consolidated Big Valley Resources Inc.
TSX VENTURE : CBG

December 19, 2006 13:15 ET

Consolidated Big Valley Resources Inc.: Ammendment to Granada Mine Press Release

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 19, 2006) - Consolidated Big Valley Resources Inc. (TSX VENTURE:CBG) advises that further to its press release dated December 18, 2006 wherein its mining consultant C.A. Veilleux reviewed the open pit design of pit No. 2A, which is also on vein No. 2 and increased it from 55,000 tonnes to 142,000 tonnes of mineable ore and that the Company estimated that it will produce 16,000 ounces of gold in its first year of production at a cash cost of $322 US dollars per ounce are pre-mature. The Company has not completed a feasibility study and there is no certainty that the proposed operations will be economically viable. These estimates are, in view of the Company, forward looking regarding production and costs.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank J. Basa, P.Eng., Vice President Exploration/Director

For further information visit the Company's website at www.bigvalleyres.com. The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's forward-looking statements and expectations.

This press release has been prepared by management.

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.
    Frank J. Basa, P.Eng.
    Vice President Exploration/Director
    (604) 683-6648
    (604) 683-1350 (FAX)
    Website: www.bigvalleyres.com