Closing of Private Placements

West Vancouver, British Columbia – January 11, 2007 – Consolidated Venturex Holdings Ltd. (the “Company”) is pleased to announce that, further to its news release dated December 20, 2006, it has recently closed the first tranche of a non-brokered private placement.  Under the first tranche, the Company raised $300,000 by the issuance of 3,000,000 flow-through units (the “FT Units”) at a price of $0.10 per unit.  All of the FT Units were subscribed for by Canadian Small Cap Resource Fund 2006 No. 2 Limited Partnership.  Each FT Unit consists of one flow-through common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional non flow-through common share at a price of $0.125 for a period of one year from the closing date.  In connection with this private placement, a finder’s fee was paid, consisting of 210,000 non flow-through units at a deemed price equal to $0.10 per unit and 300,000 Finder’s Warrants.  Each Finder’s Warrant will entitle the holder to purchase one additional non flow-through common share for a period of one year at an exercise price of $0.125.  All of the securities issued pursuant to this private placement are subject to a hold period expiring on April 30, 2007.  The proceeds from this private placement will be used for exploration and development of the Company’s properties.

The Company expects to complete the second tranche of its private placement (consisting of up to 1,000,000 non flow-through units at $0.10 per unit) within the next few weeks.

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

Consolidated Venturex Holdings Ltd.

“Douglas L. Mason”
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.