Consolidated Goldfields (CDGF.PK) is a junior gold-silver company directed by a management team that is experienced in all aspects of mining including exploration, development and operations for both major and other junior mining companies. The Company’s assets consists of eight precious metals projects that are situated in Nevada and Idaho. Nevada is the 4th largest gold producer in the world behind South Africa (1), Australia (2) and China (3). Nevada mines produced 5,338,559 ounces of gold in 2010 at a value of $6.54 billion.

Fisher Canyon Gold Project, located in Pershing County, Nevada, is the new flagship property and the main focus of the Company. Fisher Canyon is characterized by limestone and dolomite that contain lenses of altered volcaniclastic sediments and flows exhibiting extensive hydrothermal alteration associated with oxidized shear zones and brecciated quartz veins hosting wide spread gold mineralization. The company is currently planning an aggressive exploration program including geological mapping, geochemical sampling and geophysics to determine drill hole locations for continued drilling at Fisher Canyon.

· Located in the Antelope Springs mining district
· More than 5 million ounces gold and 130 million ounces silver produced in the region
· Recent surface geochemical samples returned 0.014 to 0.282 ounces per ton gold
· Best drill intercepts include 105’ @ 0.021, 15’ @ 0.138 and 55’ @ 0.039 ounces per ton gold

The Company also has a substantial stock position in a TSX Venture listed company “Teras Resources Inc.," (TRA.V) from divesting of its Cahuilla project which is located in southern California (ref: Feb 2010 news release). Cahuilla is being aggressively advanced by Teras and the management of Consolidated feels optimistic this will add value to our shareholders through our common stock holdings of Teras.