Consolidated Goldfields Completes 2014 Shareholders Meeting

Consolidated Goldfields Corp. (“Consolidated” or the “Company”) (OTCQX: CDGF) is pleased to announce the results of the March 31, 2014, annual meeting of our shareholders.

At the meeting, Consolidated’s shareholders:

- re-elected Marc J. Andrews, Feisal Somji and Thomas K. Mancuso as directors of the Company;

- approved the amendment and restatement of the Company’s Articles of Incorporation to increase the number of shares of the Company’s common stock authorized for issuance and for updating purposes. The Articles of Incorporation were amended and restated effective March 31, 2014, and following the amendment and restatement, the Company has 215,000,000 shares of capital stock authorized, of which 200,000,000 are designated as common stock and 15,000,000 are designated as preferred stock;

- approved the Consolidated Goldfields Corp. Amended 2013 Stock Option and Stock Bonus Plan; and

- ratified the appointment of DeCoria, Maichel & Teague P.S. as the Company’s independent auditors for 2014.

Following the shareholders meeting, Consolidated’s President & CEO, Marc J. Andrews, commented, “We are pleased to have overwhelming support from our shareholders as 56.9% of the eligible shares were represented and 98% of those votes were in favor of all motions put forward by the Company. The board of directors and management sincerely look forward to working towards aggressively advancing Consolidated in a positive direction to significantly enhance the value of the Company for the benefit of our shareholders.”

Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words “plan,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “may,” “will,” “would,” “could,” “should,” “seeks,” or “scheduled to,” or other similar words, or the negative of these terms or other variations of these terms or comparable or similar language, or by discussion of strategy or intentions. Such forward-looking statements include, without limitation, statements regarding future business strategy, plans and goals and other statements that are not historical facts. Forward-looking statements address activities, events or developments that the Company expects or anticipates will or may occur in the future, and are based on current expectations and assumptions. Although management believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

A copy of the Company's report for the year ending December 31, 2012 can be found on the OTCQX website at www.otcqx.com.



Contact

Consolidated Goldfields Corp.
Marc J. Andrews, President/CEO
775-461-2545
mandrews@consolidatedgold.com
www.consolidatedgold.com