Consolidated Venturex Announces Non-Brokered Private Placement

West Vancouver, British Columbia – December 20, 2006 – Consolidated Venturex Holdings Ltd. (the “Company”) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the “Private Placement”) to raise up to $400,000 by the issuance of 3,000,000 flow through units at $0.10 per unit (the “FT Units”) and 1,000,000 non-flow through units at $0.10 per unit (the “Non FT Units”). Each FT Unit will consist of one flow through common share purchase warrant, with each warrant entitling the holder to purchase an additional non flow-though common share at a price of $0.125 for a period of one year from the closing date. Each Non FT Unit will consist of one common share and one warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.125 for a period of two years from the closing date.

With respect to this Private Placement, the Company will pay a finder’s fee in the amount of 7% of the FT Units and Non FT Units sold (payable in Non FT Units at a deemed price of $0.10 per unit) and issue warrants entitling the holder to purchase that number of common shares as is equal to 10% of the number of FT Units and Non FT Units purchased by subscribers introduced to the Company by such finders.

The proceeds from this Private Placement will be used for exploration and development of the Company’s properties and for general working capital purposes.

For further information, contact Mr. Clive Shallow, investor communication, at 604-922-2030 or visit the Company’s website at www.consolidatedventurex.com

Consolidated Venturex Holdings Ltd.

“Douglas L. Mason”
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Douglas L. Mason, Chairman

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