Closing of Private Placement

West Vancouver, British Columbia – March 6, 2007 - Consolidated Venturex Holdings Ltd. (the “Company”) is pleased to announce that, further to its news releases dated February 5 and February 8, 2007, it has closed a non-brokered flow-through and non flow-through private placement, which private placement was over-subscribed.  The Company has raised $809,000 by the issuance of 1,040,000 flow-through units (the “FT Units”) and 7,050,000 non flow-through units (the “Non FT Units”) at a price of $0.10 per unit.  Each FT Unit consists of one flow-through common share and one half of a share purchase warrant, with each whole warrant (“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.  Each Non FT Unit consists 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.  In connection with the private placement, finders’ fees were paid, consisting of $23,310 cash, 126,000 Non FT Units (at a deemed price equal to $0.10 per unit) and 513,000 Finder’s Warrants.  Each Finder’s Warrant will entitle the holder to purchase one additional common share for a period of two years at an exercise price of $0.125. All of the securities issued pursuant to the private placement are subject to a hold period expiring on July 6, 2007.

The proceeds from the 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 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.