CONSOLIDATED BEACON'S NEW CORPORATE STRATEGY

The new management of Consolidated Bacon has decided on a corporate strategy that focuses on growing the value of the shareholders' equity in a junior oil and gas exploration and development company.

• The company will concentrate on a few selected plays and prospects in Western North America.
• These plays and prospects will reflect the new management's expertise and experience in heavy oil, natural gas, and exploration and development project management.
• No other projects will be considered that do not match these criteria.

The company's initial focus in 2007 and 2008 will be a low- to moderate- technical and commodity risk exploration project, the San Joaquin East Side Project. The San Joaquin Basin in southern California is a basin with:

• A well-known and very prolific Total Petroleum System (source rock, migration path, reservoir rocks, trapping mechanisms, seals and timing of trapping),
• An existing pipeline and refining infrastructure,
• A major market that will receive the Joint Venture's production.

The company is in a Joint Venture in the project with four partners, California Oil and Gas Corporation, Daybreak Oil and Gas Inc., Monarch Gulf Exploration Inc., and Aspire Capital Inc.

The company's new management has developed an 18-month business plan built around this strategy.