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Message: KBC is now ZNR (NR below)

KBC is now ZNR (NR below)

posted on Jul 24, 2009 02:14PM
Consolidated Beacon Resources Ltd. Approves Share Consolidation and Name Change to Zone Resources Inc.

VANCOUVER, BC -- (Marketwire) -- 07/23/09 -- Consolidated Beacon Resources Ltd. (TSX-V: KBC) (the "Company") announces that at its annual general meeting held on June 26th, 2009 (the "Meeting"), shareholders approved, by special resolution, a consolidation of the Company's common shares on the basis of one (1) post-consolidated share for every thirty (30) pre-consolidated shares (the "Consolidation"). As of the Meeting, the Company had 75,831,649 issued and outstanding common shares. Following the Consolidation, the Company will have approximately 2,527,721 shares outstanding. No fractional shares will be issued, but will instead be rounded as provided for in the Business Corporations Act (British Columbia). The TSX Venture Exchange has approved the Consolidation and commencing July 24th, 2009, the Company's common shares will trade on a post-consolidation basis.

Shareholders also approved at a previous meeting held December 11, 2008, by special resolution, to change the Company name and to continue the Company from Alberta to British Columbia. The Board of Directors have reserved Zone Resources Inc.; the Company will begin trading under the new symbol ZNR on July 24th, 2009. Shareholders will receive a letter of transmittal from CIBC Mellon Trust Company, the Company's transfer agent, with instructions for exchanging their pre-consolidation shares.

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:

Zone Resources Inc.
Vancouver Office
Archie Boyce
Email: [email protected]
Telephone: (604) 683 5445 ext 227

Source: Marketwire (July 23, 2009 - 5:42 PM EDT)

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