Consolidated Gold Win Ventures Inc.: Announcement

Consolidated Gold Win Ventures Inc.: Announcement

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--April 4, 2000

Consolidated Gold Win Ventures Inc. (CDNX:CGW.)

Gold Web Technologies, Inc., a wholly owned subsidiary of CGW has entered into negotiations with TriStar Ventures, LLC of Pleasant Grove, Utah, for the purpose of establishing a Joint Venture. The Joint Venture agreement would allow Gold Web to participate with TriStar in the provision of wireless ISP technology. The technology would be marketed initially to Utah based ISP clients of TriStar. The Joint Venture agreement would establish a mechanism for the participation by both parties in the further development and marketing of the technology in Utah and beyond.

TriStar is a private Utah corporation that provides equipment and technical services to a number of local Utah-based Internet Service Providers. TriStar provides equipment and services to ISP companies that serve the high technology Wasatch Front Corridor of Utah. It is believed that over 1,000 computer software and hardware firms are located in the Corridor area.

The operating principals of TriStar are Mr. Carl F. Warnick and Mr. Paul Venturela. Mr. Warnick is TriStar's Chief Executive Officer. The last network project created in Utah by Carl Warnick's management team was sold to AT&T. It was part of a national model project partially funded by the National Science foundation and the U.S. Department of Education.

Mr. Venturela, who has in recent years served as the general manager of the Chicago area operations for the TCI division of AT&T supervising networks with hundreds of thousands of subscribers, hundreds of employees and an annual budget of 25 million. Mr. Venturela will serve as the General Manger of TriStar.

Both have extensive experience in the wireless telecommunications, cable television and Internet service industries.

Lincoln Fuqua, a director of the Company, is also a director and non-operating principal of TriStar.

The Company commenced a lawsuit against Digital Video Broadcasting Systems on March 1, 2000. Digital Video has responded to the action of the Company and initiated discussion with Company officials. The talks are ongoing. If the current discussions lead to a settlement, it is possible that the Company's subsidiary Gold Web will acquire from Digital Video some or all of the Symmetrically Distributed Server Network (SDSN) units that the company had initially contracted to purchase from Digital Video.

The Company will use TriStar to provide the Company with technical expertise and support if the discussions with Digital Video result in the delivery and acceptance by the Company of the SDSN units.

There can be no assurance that the Company and Digital Video will arrive at a negotiated settlement with respect to the litigation commenced by the Company.

The company will provide further updates on these matters as developments occur.

The Company also announces that has engaged Mr. Peter Hill to carry out Investor Relations activities for the Company.

Mr. Hill has been a stock brokerage owner. He has had solid expertise in public markets in Vancouver, Toronto, and London, England and in addition has been an entrepreneur. The Company considers Mr. Hill well qualified to develop and execute a comprehensive Investor Relations program in cooperation with management.

The Company will pay Mr. Hill a monthly fee for his services and be granted a management incentive stock option.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy of the content of this press release.

On Behalf of the Company: Consolidated Gold Win Ventures Inc. Per: (Abby) Souhail Abi Farrage, President and Director