Pending the receipt in September 2013 by the Company of common stock of Teras Resources Inc. under the Exploration and Earn-In Agreement between Teras Resources Inc. and Consolidated, dated September 14, 2011, the Company approved the following additional bonuses: 50,000 nonqualified stock options of the Company to the members of the Board of Directors; $15,000 cash bonus to each of Kim Neal and Lane A. Griffin; 300,000 shares of Consolidated to Peter Leger; 150,000 shares of Consolidated and 150,000 shares of Teras Resources Ltd. to Marc J. Andrews; and 150,000 shares of Teras Resources Ltd. to Thomas K. Mancuso.

About Consolidated Goldfields Corp.

Consolidated Goldfields Corp. is a junior gold-silver company directed by a management team that is experienced in all aspects of mining including exploration, development and operations for both major and other junior mining companies. The Company’s assets consists of nine precious metals projects that are situated in Nevada and California. The Fisher Canyon Gold Project, located in Pershing County, Nevada, is the new flagship property and the main focus of the Company.

For more information on the Company, please visit our web site at www.consolidatedgold.com.

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