Consolidated Spire Ventures Ltd. | SVG:VSE

The Prospect Valley Gold Property is a large epithermal gold open pit target. The Company just announced receipt of analytical results for the first four drill holes, analytical results for diamond drill holes DDH-2007-01-02-03 and 04 drilled at the South Discovery Zone at the Prospect Valley Property, Merritt, BC, Canada. Analytical results for holes DDH-2007-05 to 10 will be released once received. In all drill holes significant quartz stockwork veining has been intercepted. The mineralized zones are silicified with stringers and veinlets of quartz and fine grained disseminated pyrite.

Highlights of selected intervals for the first four drill holes include:

Drill Hole       From m To m Width m   Gold g/t Silver g/t

DDH-2007-02 21.30          22.70              1.40               3.50                18.80

DDH-2007-03 9.60          10.81              1.21               2.48                   8.30

DDH-2007-03 16.78          17.95               1.17                2.47                 9.70

DDH-2007-03 20.79          21.85               1.06                2.56               14.10

DDH-2007-03 24.38          25.16               0.78               3.70                15.30

DDH-2007-04 35.72          36.58                0.86               2.70                  1.70

Drill Holes DDH-2007-01 and DDH-2007-02 were drilled approximately 85 meters NW from last years drill hole DDH-2006-21 which intersected a very similar quartz veinlet stockwork zone that returned 50.6 meters with 1.36 g/t gold, including 24.4 meters of 2.03 g/t gold. DDH-2007-01 returned 61.4 meters with 0.7 g/t gold and 4.7 g/t silver. DDH-2007-02 returned 32.2 meters with 1.4 g/t gold and 9.7 g/t silver.

Drill Hole DDH-2007-03 was drilled approximately 40 meters north of drill holes 01 and 02. Drill hole DDH-2007-03 intersected a similar quartz stockwork zone across 44.7 meters with 1.0 g/t gold and 5.9 g/t silver.

Drill Hole DDH-2007-04 was drilled approximately 40 meters north of drill holes 03. Drill hole DDH-2007-04 intersected a similar quartz stockwork zone cut by a cross fault. It returned 10.1 meters with 0.73 g/t gold and 1.0 g/t silver

This drilling is a follow up to the 2006 drilling successes and the current trenching program in the Discovery Zone South that indicate a mineralized system 90m wide. The Discovery Zone North and Discovery Zone South surface gold-in-soil anomaly is 3,500m x 400m. In 2006, 23 drill holes were completed over 1.4kms on the Discovery Zone (previously known as RM/RMX zones) anomaly – 91% with gold mineralization. Hole DDH-06-21 returned 45.7m @ 1.57g/t gold including 9.54g/t gold over 1.5m.

In July 2007 trenching in the Discovery South Zone on the Prospect Valley Gold Property has thus far revealed a large gold mineralized stockwork zone, which is observed in Trench No. 2 to be at least 90m wide. Mineralization in this zone comprises two 2.50m and one 6.50m wide quartz veins within a strongly altered quartz stockwork zone. Recent exploration in Trench No. 3, located approximately 130m north of Trench No. 2, is characterized by a 12m wide quartz vein with similar stockwork mineralization in the wallrock. Thus far analytical results for Trench No. 2 returned 14.1m of 1.13 g/t gold and 7.29 g/t silver. Analytical results for Trench No. 3 have returned 0.88 g/t gold and 2.11 g/t silver across 18.5m. More analytical results are pending for Trenches No. 1, 2, and 3.

In May 2007 a Mag airborne geophysical survey was completed over the entire property (10,796-hectares). The survey shows prominent elongated magnetic lows trending NNE, NE and NW. The magnetic lows appear to coincide with strong altered rocks associated with quartz veining and wide stockwork mineralized zones. This relation of elongated and wide magnetic lows coincides with the gold mineralized zones recently discovered by trenching. It is most interesting to see that a prominent elongated Mag low that trends NW has a continuity of over 4kms in length. Also, there are several other elongated Mag anomalies that trend NNE and NE that have continuities along strike of several kilometres.

The Summer 2006 drill program completed holes DDH-06-01 to DDH-06-23 for a total of 3,734m drilled on the Discovery Gold Zone. DDH-06-21 returned 45.7m of 1.57 g/t gold (see News Release dated September 6^th 2006). The drill program confirmed an epithermal quartz-vein/alteration system along this zone, which extends at least 1.5kms, with the mineralization open to extension to the northeast and southwest. Numerous significant gold and silver drill hole intercepts were obtained throughout the 2006 diamond drill program.

In April 2006 Spire announced that a Induced Polarization (IP) geophysical survey had been completed on the Discovery area of the Prospect Valley Gold Property. The program consisted of 27 lines at an average length of 1.66km per line at 100m spacing totalling 44.95km IP and 44.50km Mag. Results of the IP geophysics define a large resistivity anomaly which is believed to reflect a quartz-rich, gold-bearing epithermal vein and breccia system. The resistivity, IP and Mag anomalies correlate very well with the gold-soil geochemical anomalies within the Discovery Zone, outlining an area of approximately 3,000m by 400m.

During the 2005 field season, Spire focused solely on the Anomaly Cluster 1 area located in the heart of the 107 sq. km. property. The Company followed up the previous years’ successes related to the multi-element soil anomalies and the Discovery Zone trench showings. The exploration program was carried out in two parts. Both stages included establishing, prospecting and soil sampling an extensive control grid over the Discovery Zones. Multi-element soil anomaly was greatly expanded to a size of about 3,500m by 400m covering an estimated grid of 8.4 sq. km.

Much of the gold and related pathfinder element mineralization is typically found in weathered, variably porphyritic, chlorite altered basalts with minor limonitic-quartz veins, stockworks and breccias - all are typical characteristics of a low sulphidation epithermal gold exploration target. Trench and soil results to date have demonstrated the large size and bulk tonnage potential of the Discovery Zone gold system. The IP and drill program is designed to test the gold system at depth.

Spire has a 100% interest in the 10,796-hectare Prospect Valley Gold Property. Reconnaissance exploration in recent years has identified significant new low-sulphidation epithermal gold/silver mineralization at several locations on the property. The property is road accessible from Merritt, BC, which is a regional transportation and supply centre. The property is in close proximity to good infrastructure and is located near the large Highland Valley porphyry copper district and the Craigmont iron-copper skarn deposit