VANCOUVER, BC -- (Marketwire) -- 05/29/09 -- Consolidated Beacon Resources Ltd. (TSX-V: KBC) announces that at its extraordinary general meeting, scheduled for June 26, 2009 (the "Meeting"), shareholders will be asked to consider to approve a consolidation of the Company's common shares on the basis of one (1) post-consolidated share for up to thirty (30) pre-consolidated shares (the "Consolidation"). If the Consolidation is approved by a special majority of shareholders at the Meeting, being two-thirds of the shareholders voting in person at the Meeting or by proxy, the directors will have the sole discretion to implement the Consolidation, provided that the consolidation ratio (the "Consolidation Ratio") is no more than one (1) post-consolidated share for up to thirty (30) pre-consolidated shares, subject to the approval of the TSX Venture Exchange.

As of the Record Date for the Meeting and currently, the Company has 75,831,649 issued and outstanding common shares. If the Consolidation were conducted on a thirty (30) for one (1) basis, the Company would have approximately 2,527,721 shares outstanding following the Consolidation. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. Outstanding stock options and warrants will also be adjusted by the Consolidation Ratio and the respective exercise prices of outstanding stock options and warrants will be adjusted accordingly. At the Meeting, the Company will also be seeking disinterested shareholder approval for the re-pricing (on a post-consolidation basis) of certain stock options granted to insiders of the Company.

Management of the Company believes that further equity financing is required in order for the Company to fund its current working capital requirements and for future business purposes. It is management's opinion that the Company's existing issued and outstanding share capital is not conducive to completing such additional equity financing and that the Consolidation is required in order to attract new equity investment in the Company.

Details of the Consolidation are contained in the Company's information circular, which will be mailed to shareholders on or before June 1, 2009 and will be filed on SEDAR (www.sedar.com).

About Consolidated Beacon Resource Ltd.

Consolidated Beacon Resource Ltd. is in the business of evaluating and acquiring oil and natural gas properties for exploration and development in Canada and the United States. The Company's shares trade on the TSX Venture Exchange under the symbol KBC.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary note:

This report contains forward-looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

FOR FURTHER INFORMATION ABOUT THE COMPANY, PLEASE CONTACT:

Consolidated Beacon Resources Ltd.

Vancouver Office
Archie Boyce
Director
Email: archie@consolidated-beacon.com
Telephone: (604) 683 5445 ext 227
Please visit the Company's website at http://www.consolidated-beacon.com