Consolidated Spire Ventures closes Final Tranche of Private Placement of $300,000

Fri. April 24, 2009; Posted: 01:34 PM

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Apr 23, 2009 (TheNewswire.ca via COMTEX) -- CZS | Quote | Chart | News | PowerRating -- (via Thenewswire.ca)

April 23 2009 - Consolidated Spire Ventures Ltd. (the "Company" CZE-TSX.V) has received TSX Venture Exchange approval and has now closed the second and final tranche of the non-brokered private placement announced on January 23, 2009, of 10,000,000 units at a price of $0.03 per unit for total proceeds of $300,000. Each unit consists of one common share plus one share purchase warrant. Each full warrant can be exercised for one common share at a price of $0.05 per share in the first year and $0.10 in the second year. All the common shares issued pursuant to this unit offering, including share purchase warrants, carry a legend restricting the shares from trading for a period of four months to Aug. 23, 2009. A finder's fee was paid in accordance with the policies of the TSX Venture Exchange and finder's fee warrants are exercisable at $0.05 per share for one year.

The proceeds from this placement will be used towards the exploration program at the Prospect Valley Gold Property in Merritt, BC and for general working capital.

The 107.9 sq km, 100%-owned Prospect Valley Property is located approximately 3 hours driving time from Vancouver and is within the Spences Bridge Gold Belt. It is a low grade, bulk mineable type gold target. The property is road-accessible and in close proximity to good infrastructure from Merritt.

Investors are invited to visit the Consolidated Spire Ventures Ltd. Website at www.spireventures.com or the Investor Hub at www.agoracom.com/ir/Consolidatedspire where they can post questions and receive answers. Alternatively, investors are able to e-mail all questions and correspondence to CZS@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time. If you are not currently on the CZS updates list, please send in your email address to info@spireventures.com or call 604-662-7455 with the best method to keep you informed. We will send out regular updates and news releases to everyone who asks to be on the list.

FOR INFORMATION OR INVESTOR RELATIONS CONTACT THE COMPANY AT

(604) 662-7455 WEBSITE www.spireventures.com or www.agoracom.com/ir/Consolidatedspire

ON BEHALF OF CONSOLIDATED SPIRE VENTURES LTD.

Brian Buchanan, President and Director

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, market conditions, availability of financing, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and oversight, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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