VANCOUVER, April 24 /CNW/ - Consolidated Goldwin Ventures Inc. (CGW) and their joint venture partners are pleased to report updated results for the diamond drilling program currently being undertaken at the diamondiferous Mud Lake kimberlite on the Drybones 4 claim (the "Ticho Project"). The current drilling program, commenced April 11, 2006 to provide further delineation of the Mud Lake kimberlite complex has yielded the following results from holes completed or underway: SNOW-29 - (Previously reported) - UTM (NAD 27) Zone 12V 0356602 East, 6889696 North, NQ core, -90 dip or vertical hole, Kimberlite intersected from 24.65 m to 29.15 m (4.5 m intersection) - end of hole at 75.00 m in granite. SNOW-30 - (same set-up as SNOW29) - UTM (NAD 27) Zone 12V 0356602 East, 6889696 North - NQ core -50 dip, 230 true azimuth - Kimberlite intersected from 20.75 m to 25.75 m (5.0 m intersection - 3.5 m true width) - end of hole at 90.53 m in granite. SNOW-31 - UTM (NAD 27) Zone 12V 0356574 East, 6889735 North - NQ core, - 90 dip or vertical hole - first Kimberlite intersected from 27.13 m to 32.96 m (5.83 m intersection) - second Kimberlite intersection from 34.50 m to 34.70 m (0.2 m intersection) - third Kimberlite intersection from 49.50 m to - 50.60 m (1.1 m intersection) - end of hole at 72.24 m in granite. SNOW-32 - (same setup as SNOW-31) - UTM (NAD 27) Zone 12V 0356574 East, 6889735 North - NQ core, -50 dip, 050 true azimuth - Kimberlite intersected from 26.50 m to 32.25 m (5.75 m intersection - 4.06 m true width) - end of hole at 87.48 m in granite. SNOW-33 (full summary awaited) - UTM (NAD 27) Zone 12V 0356548 East, 6889750 North -NQ core, -90 dip or vertical hole - Kimberlite intersected from 14.33 m to 19.70 m (5.07 m intersection) - Second 1 m-wide Kimberlite intersection deeper in hole (not logged)- end of hole at 81.38 m in granite. SNOW-34 (hole in progress, full summary awaited) - (same set-up as SNOW32) - UTM (NAD 27) Zone 12V 0356548 East, 6889750 North - NQ core, - 47 dip, 230 true azimuth - hole currently in progress - not logged. These drilling results are interpreted as being very promising as they indicate the continuation of at least two kimberlite lenses or sill structures. Further analysis of these results will be integrated with results from previously completed holes and reported when available. Kimberlite core from the current drilling program will be submitted to the Kennecott Canada Exploration Inc. Thunder Bay Mineral Processing Laboratory located at Thunder Bay, Ontario for caustic fusion processing and macro/micro-diamond recoveries. As previously reported by Snowfield Development Corporation, 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 Ticho Project (Drybones 4 claim) is located approximately 55km southeast of Yellowknife, NWT. As previously announced, CGW is earning a 39.6% interest in the Drybones 4 claim which is host to the diamondiferous Mud Lake kimberlite. 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 %SEDAR: 00005626E