VANCOUVER, April 20 /CNW/ - Consolidated Goldwin Ventures Inc. (CGW) is pleased to report they have been informed by their joint venture partner that the first hole (Snow-29) in a series of holes currently being drilled on the Mud Lake diamondiferous kimberlite, has intersected 4.5 meters of kimberlite at a depth of approximately 23 - 28 meters. An aggressive drilling program has been progressing on an expedited basis with two shifts operating on a twenty-four hour basis at the Mud Lake diamondiferous kimberlite discovery. As of Wed. April 19, 7pm PT. 3 holes have been completed. Results from holes 2 and 3 (Snow 30 and Snow 31) will be made available imminently. Current drilling is designed to further delineate and identify the extent of the Mud Lake kimberlite sill complex and to provide core samples for processing by caustic fusion analysis to determine diamond content. Further drilling is planned for other targets of interest immediately following completion of the current Mud Lake program. As previously reported bulk sampling is continuing. The Mud Lake diamondiferous kimberlite is a layered sill structure currently open in three directions. The kimberlite that is being sampled is being exposed by a combination of trenching and removal of a granite cap. When extracted, the kimberlite will be crushed, bagged, sealed and transported to the lake edge for onward shipment to Grande Prairie. After processing by De Beers, the concentrate will then be shipped to independent laboratories for the recovery of contained diamonds. The Drybones 4 claim is host to the diamondiferous Mud Lake kimberlite. The project is located approximately 55km southeast of Yellowknife, NWT. As previously announced, CGW is earning a 39.6% interest in the Drybones 4 claim. Glen Macdonald, 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. Souhail 'Abby' Abi-Farrage, President and Director Consolidated Gold Win Ventures Inc. Vancouver, BC Email: moreinfo(at)v-cgw.com 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 %SEDAR: 00005626E