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Consolidation of Shares

Vancouver, September 14, 2009

Pursuant to a special resolution passed by shareholders on March 2, 2009, Consolidated Global Diamond Corp. has consolidated its capital on a 1:10 basis. The name of the company has not been changed. The trading symbol remains the same.

Effective at the opening Tuesday, Sept. 15, 2009, common shares of Consolidated Global Diamond Corp. will commence trading on the TSX Venture Exchange on a consolidated basis. The company is classified as a resource exploration/development company.

Postconsolidation capitalization:  unlimited shares with no par value of which 10,170,210 shares are issued and outstanding

Escrow:  nil

Transfer agent:  CIBC Mellon Trust Company

Symbol:  CK (unchanged)

New Cusip No.:  209281 20 3


Disclaimer and Cautionary Statement Regarding Forward-Looking Information

Neither 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 press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

Consolidated Global Diamond Corp. seeks safe harbor.

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