VANCOUVER, Dec. 6 /CNW/ - CONSOLIDATED GOLD WIN VENTURES INC. (CGW TSX-V, FRANKFURT - OUH, OTCBB - CGWVF) Consolidated Gold Win Ventures wishes to announce a private placement for the sale of up to 50,000,000 units (the "Units") at $0.10 per unit for total proceeds of $5,000,000.

The Units offered comprise of 30,000,000 flow-through units and 20,000,000 non flow-through units. Each flow-through unit consists of one flow-through common share of the Company and one non flow-through share purchase warrant. Each non flow-through unit consists of one non flow-through common share of the Company and one non flow-through share purchase warrant. Each non flow-through share purchase warrant shall have a two year term for the purchase of one further common share of the Company at the exercise price of $0.15 per share during the first year and an exercise price of $0.25 per share during the second year. The foregoing exercise term shall be subject to the following acceleration clause: if the shares of the Company trade over $0.30 for a period of 10 consecutive trading days on the TSX Venture Exchange, the share purchase warrants may only be exercised within 30 days and will automatically expire thereafter. The maximum allowable finders' fee will be payable, either in cash or shares or a combination of both.

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