Consolidated Big Valley Resources Inc.
TSX VENTURE : CBG

November 27, 2006 12:54 ET

Consolidated Big Valley Resources Inc.: Shareholders Gold Purchase Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 27, 2006) - Consolidated Big Valley Resources Inc. ("CBG") (TSX VENTURE:CBG) is pleased to announce the entering into an agent agreement with Royal Gold Bullion Development Corp. for the sale of future gold production from the Company's Granada Property. Expressions of interests will be taken from shareholders of the Company for the future delivery of gold bullion until December 31, 2006 (the "Shareholders Gold Purchase Program"). Terms for the Shareholders Gold Purchase Program are the sale of up to 40 ounces of gold bullion to a shareholder of the Company who has direct ownership of at least 100,000 common shares of the Company, at a price of $322 US per ounce. The program will accommodate the delivery of up to 12,000 ounces of gold over a three year period, payable quarterly, beginning March 31, 2007.

The Shareholders Gold Purchase Program is exclusive to shareholders of the Company of record date of December 31, 2006 who are "accredited investors" and who hold at least 100,000 common shares of the Company. The terms of this Agent Agreement and future gold sales are subject to regulatory approval.

For further information on the Shareholders Gold Purchase Program, please contact Frank Basa directly at 705 647-2151 or via Email at moje@ntl.sympatico.ca.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank J. Basa, P.Eng., Vice President Exploration & Development and 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.


Contact Information

  • Consolidated Big Valley Resources Inc.
    Frank J. Basa
    Vice President Exploration & Development and Director
    (604) 683-6648
    (604) 683-1350 (FAX)
    Website: www.bigvalleyres.com