Consolidated Big Valley Resources Inc.

August 28, 2006 13:09 ET

Consolidated Big Valley Resources Inc.: Successful Gold Pour

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 28, 2006) - Consolidated Big Valley Resources Inc. (the "Company") (NEX BOARD:CBG.H) reports that on August 18th, 2006 a gold button from the Company's Granada Mine Property was poured. A gold button weighing 4.3 kilograms (133 troy ounces) with a estimated gold purity of 75 percent was produced from the processing of the open pit Granada Mine ore at an average mill throughput of 10 tonnes per hour during the commissioning phase of the Granada Mill.

The Company will continue to evaluate the overall performance of the plant and will make process changes and upgrades to maximize overall throughput and recovery.

The Company will purchase and install a gravity plant of nominal capacity of 10 tonnes per day to process high-grade ores and concentrates. This plant will also be used to evaluate custom ores and tailings that can be processed at the Granada Mill site. The value of the equipment is $241,000 and such purchase will be through the issuance of 1,268,421 common shares at a deemed price of $0.19 per share, along with a warrant for the right to purchase a further common share for one year at $0.25 per share. The purchase of the equipment is an arm's length transaction, subject to the approval of the TSX Venture Exchange with a view that the Company will advance from NEX to Tier 2.


Frank Basa, Chairman of the Board and Vice-President

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.

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