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Lifting of Management Cease-Trade Order
CALGARY, ALBERTA, Wednesday, 23rd May 2007 – Consolidated Beacon Resources Ltd. (the "Company" or “Beacon”) is pleased to announce that the Alberta Securities Commission has lifted the Management Cease Trade Order as of close of business Tuesday 22nd May 2007. This is following the issuance of the Company’s 2006 Financial Statements and MD & A last week, in compliance with ASC Regulations.
The San Joaquin East Slopes Joint Venture project, of which the Company is an investment
participant, continues to make satisfactory technical and land acquisition progress.
Consolidated Beacon’s Board of Directors comprises:
Mr. John G.F. McLeod, P. Eng., Chairman, of Calgary.
Mr. Richard J. Hawes, P. Geol., Secretary, of Calgary.
Mr. Gil Schneider, of Vancouver.
About Consolidated Beacon Resources Ltd.
Consolidated Beacon Resources Ltd. is a Calgary, Alberta based corporation in the business of evaluating and acquiring oil and natural gas properties for exploration and development in Canada and the United States.
This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by the Corporation on SEDAR (www.sedar.com), specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Corporation undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.
Contact: Gordon Beach
I.R. Communicators, Inc.
(403) 651-2314
Email: gordbeach@shaw.ca
Richard J. Hawes
Consolidated Beacon Resources Ltd.
(403) 221-8392 Email:
kbc1@telus.net
Website: www.consolidated-beacon.com
