Drilling Continues To Expand Zinc-Lead -Silver Mineralization at the Newly Discovered Carnes Creek Zone at the LJ Property B.C.

WEST VANCOUVER, BRITISH COLUMBIA – September 28, 2006 - Consolidated Venturex Holdings Ltd. (the “Company”) wishes to announce more encouraging results at the LJ Property. The LJ Property is located approximately 35 kilometres via highway 23, north of Revelstoke, B.C.

Since the Company’s news release of September 19, 2006, the Company’s additional drilling continues to intersect encouraging mineralization. Specifically, core drill hole LJ-06-08 has intersected mineralization from 124.3 metres to 137.0 metres, comprising multiple massive sulphide intervals with an estimated aggregate true thickness of 5.6 meters. Visible galena occurs within five distinct intervals, each 0.15 metres to 0.3 metres thick, hosted by silicified and pyritic graphitic phyllite. Core drill holes LJ-06-01 and 02 tested the most northern trend, but failed to intersect mineralization and therefore provides a tentative northern cut-off to the zone. To the south, core drill holes LJ-06-03,04,05,06,07 all intersected mineralization. Core drill hole LJ-06- 09 is now underway and two other core drill holes are planned as part of this first phase to further test the zone down plunge and along strike to the south.

In the Company’s news release dated September 19, 2006, it was reported that core drill hole LJ06-03 intersected 6.7 metres of heavily mineralized interbedded sphalerite, galena and pyrite mineralization from 63.4 metres to 70.1 metres Within that zone greater than 60% sulphide was intersected from 67.8 metres to 70.1 metres The Company’s project geologist stated that the mineralized intersection is similar in both texture and mineralogy to the two recently discovered surface showings (as reported in the Company’s news release dated September 7, 2006) and to the mineralization intersected by Selkirk Metals Corp.(“Selkirk”) in its drill hole LJ-05-02 that assayed 10.70% zinc, 4.90% lead and 9.40 g/t silver over 5 metres from 132.8 metres to 137.8 metres within 15 metres of 6.81% zinc, 2.69% lead and 3.93 g/t silver from 122.8 metres to 137.8 metres (estimated true width of 11 metres), as reported in Selkirk’s news release dated October 24, 2005.

From the Company’s drilling and investigations to date, it appears that the Carnes Creek zone of mineralization has the geological characteristics of a strataform SEDEX style of mineralization. The Company believes that this new intersection continues to indicate the strength and continuity of the massive sulphide sheet over a strike distance of 170 meters and down dip for 165 meters (between the surface showings to the intersection in Selkirk’s drill hole LJ-05-02). The Carnes Creek zone remains open along strike to the south and at depth. Assay results are pending.

The Company has an option to acquire a 49% working interest in the LJ Property from Selkirk Holdings Inc., a wholly owned subsidiary of Selkirk Metals Corp

Jamie Pardy, P.Geo, has reviewed this release and is also acting as the Company’s Qualified Person for this project (in addition to John Kowalchuk, P.Geo, who reviewed the Company’s previous release dated September 19, 2006).

Signed “Ronald Coombes”
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Ronald A. Coombes, President

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.