Consolidated Venturex Announces $2.56 Million Private Placement

West Vancouver, British Columbia – 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 $2,560,000 by the issuance of 8,000,000 flow through units at $0.17 per unit (the “FT Units”) and 8,000,000 non-flow through units at $0.15 per unit (the “Non FT Units”).; Each FT Unit will consist of one flow through common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional non flow-though common share at a price of $0.20 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 $0.20 for a period of one year from the closing date. With respect to this Private Placement, the Company may pay a finder’s fee in the amount of 7% of the FT Units and Non FT Units sold (payable in cash or Non FT Units at a deemed price of $0.15 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.

In 2007 the Company will continue exploration on the “LJ Property”, located 35 km north-northeast of Revelstoke, B.C. As a result of its 2006 drill program, the Company will advance exploration of its “Carnes Creek” zinc-lead-silver showing with an additional 2,000 to 4,000 metres of core drilling.;

In 2005, Selkirk Holdings drilled 3 holes that included hole LJ05-02 that intersected 15 metres assaying 6.81% zinc, 2.69% lead and 3.93 g/t silver from 122.8 to 137.8 metres including 10.70% zinc,; 4.90% lead and 9.40 g/t silver over 5 metres from 132.8 to 137.8 metres (as reported in Selkirk’s news release dated October 24, 2005).; In 2006, the Company was successful in intersecting the upper and lower limbs of a large recumbent fold, the nose of which was intersected by Selkirk Holdings’s drill hole LJ05-02.; The Company’s 2006 drilling extended the strike of this mineralized structure for 200 metres.; The style of mineralization is sedimentary exhalative massive sulphide (SEDEX) containing pyrite, sphalerite and galena.;

The Company’s 2007 drill program is planned to continue testing this mineralized fold nose to extend it along strike and down plunge.; The Company will also focus exploration in the southern Carnes Creek valley to explore for the down plunge extension of the mineralization where Provincial Regional Stream Sediment and Water Samples are highly anomalous in base metals.

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

John Kowalchuk, P.Geo., has reviewed this release and is acting as the Company’s Qualified Person for this project.

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.