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Consolidated Gold Win Ventures Inc. - Core Samples Analysis Confirm Mud Lake Kimberlite Prospect Diamondiferous

Posted on: Friday, 21 July 2006, 09:00 CDT

VANCOUVER, July 21 /PRNewswire-FirstCall/ -- CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX- ) ("Gold Win") received the core sample analysis from Kennecott's Thunder Bay Laboratory results on Friday July 14th, 2006, after directly contacting the laboratory. A total of 12 micro diamonds were recovered from 5 of the 10 holes with several holes having multiple micro-diamond counts.

A total of 190 kilograms of core was processed. This represents a three fold increase in the original sample that Snowfield sent in (3 micro diamonds and 1 macro diamond) earlier this year from a 65% increase in sample size. Further enhancement of the results is obvious when the non-diamondiferous sample weights are excluded. The distribution of the micro diamonds along the eastern most edge of the kimberlite sill suggests a distributional pattern that could be indicative of the source of this sill. To further enhance this pattern and validate it, the company needs the results of the second batch of core samples submitted for analysis and which intersected wider zones of kimberlite to the west.

------------------------------------------------------------------------- +0.5 mm -0.5 mm SIEVE SIEVE TOTAL Client Sample DIAMOND DIAMOND DIAMOND # Reference COUNT COUNT COUNT SYNTHETICS DATE ------------------------------------------------------------------------- 1 MUD-25 0 0 0 0 26-Jun-06 2 SNOW-29 ENTIRE 0 1 1 0 26-Jun-06 3 SNOW-30 ENTIRE 0 3 3 0 26-Jun-06 4 SNOW-31 FIRST UPPER 0 0 0 0 26-Jun-06 5 SNOW-31 SECOND LOWER 0 0 0 0 26-Jun-06 6 SNOW-32 0 2 2 0 26-Jun-06 7 SNOW-33 LOWER INT. 0 0 0 2 26-Jun-06 8 SNOW-33 UPPER INT. 0 0 0 0 26-Jun-06 9 SNOW-34 LOWER INT. 0 3 3 2 26-Jun-06 10 SNOW-34 UPPER INT. 0 1 1 7 26-Jun-06 11 SNOW-35 ENTIRE 0 2 2 4 26-Jun-06 12 SNOW-36 LOWER INT. 0 0 0 1 26-Jun-06 13 SNOW-36 UPPER BOTTOM 0 0 0 4 26-Jun-06 14 SNOW-36 UPPER TOP 0 0 0 100 26-Jun-06 15 SNOW-37 ENTIRE 0 0 0 13 26-Jun-06 ------------------------------------------------------------------------- 0 12 12 133 ------------------------------------------------------------------------- Accredited to ISO/IEC 17025 for specific registered tests.

Gold Win is encouraged by these results in that they confirm that the sill is diamondiferous and a specific zonation pattern which could lead to higher concentrations of diamonds is being indicated. The Mud Lake Kimberlite is the third diamondiferous kimberlite body discovered to date in the Drybones Bay area 55 kilometres southeast of Yellowknife, Northwest Territory and is underlain by the South Slave Craton which hosts all the currently producing Canadian Diamond mines.

Gold Win expects to receive the results from the second batch of core samples early next week.

The Mud Lake Kimberlite is the third diamondiferous kimberlite body discovered to date in the Drybones Bay area 55 kilometres southeast of Yellowknife, Northwest Territory and is underlain by the South Slave Craton which hosts all the currently producing Canadian Diamond mines.

Gold Win has also now completed the 3-D Induced Polarization (IP) survey mapping on its South Dolly Varden gold/silver/copper claims in Elko County Nevada. Drill permitting is ongoing at present and the first upcoming drill program is intended to explore targets associated with high grade surface samples which returned values of up to 1145 ppm silver (33.57 ounces per tonne), 9.34% copper and 20.2% zinc as well gold values of 2.62 g/t.

Laurence Stephenson, P.Eng, a Qualified Person under National Instrument 43-101, has approved the contents of this News Release.

About Consolidated Gold Win Ventures

CGW is a progressive and rapidly advancing junior exploration company with interests in the North West Territories - Drybones Diamond properties, Nevada - South Dolly Varden Silver/Gold/Copper claims, British Columbia - Yeti Gold claims, Quebec - Raglan Platinum group metals claims.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. The statements that are not historical facts are forward-looking statements involving known and unknown risk factors and uncertainties which may cause actual results to vary considerably from these statements. The risks and uncertainties include those described in the Company's periodic filings on SEDAR.

We seek Safe Harbor

CONTACT: Blair Naughty at (604) 683-3995; Or Abby Farrage at (604) 671-4718; Souhail 'Abby' Abi-Farrage, President and Director, Consolidated Gold Win Ventures Inc., Vancouver, BC, Email: moreinfo@v-cgw.com

Consolidated Gold Win Ventures Inc.

CONTACT: Blair Naughty at (604) 683-3995; Or Abby Farrage at (604)671-4718; Souhail 'Abby' Abi-Farrage, President and Director, Consolidated GoldWin Ventures Inc., Vancouver, BC, Email: moreinfo@v-cgw.com

Source: PRNewswire-FirstCall

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