CNSV Acquires 58 Oil and Gas Wells Including Lease Acreage Valued at $15,555,208, and Adds Three Directors

HENDERSON, Nev., April 5 /PRNewswire-FirstCall/ -- Consolidation Services, Inc. ("CNSV") (OTC Bulletin Board: CNSV), acquired 39 oil wells, 19 gas wells and approximately 1,500 leased acres in Kentucky and Tennessee in twelve transactions at a total cost of $15,555,208; all paid through the issuance of 23,216,729 restricted CNSV shares. CNSV unregistered shares were valued at $0.67 per share, a 29.5% discount from the average price of all CNSV shares traded in March of 2010 on the OTCBB. The purchase price equaled the amount the original investors in each transaction paid to acquire and develop the acquired oil and gas assets. The acquired gas wells are part of a larger lease, which management believes is a potential opportunity. Although the gas wells are shut in, management has a plan to commence production again and acquire a number of other adjacent gas wells.

CNSV elected three new members to its Board of Directors, each with extensive, diverse business experience in the oil and gas industry. Stephen Thompson has over thirty years experience in the domestic oil and gas industry; including experience in leasing, ownership and operation of drilling rigs, syndication and field operations. Pamela J. Thompson (unrelated to Mr. Thompson) is a licensed Certified Public Accountant, with other clientele in diverse business industries. Gary Kucher has extensive investment banking experience, assisting companies in mergers and acquisitions, financing, and business development.

Dr. Thomas, CEO said, "these acquisitions are a significant beginning in the execution of a CNSV strategy to acquire oil and gas assets in exchange for CNSV common stock." Management intends to use shares of CNSV to acquire significant assets and to recruit an experienced oil and gas management team.    

About Consolidation Services, Inc.

CNSV is engaged in the acquisition and development of oil and gas mineral rights in eastern Kentucky. The Company owns oil and gas rights on approximately 13,500 acres in eastern Kentucky and Tennessee. The Company owns 39 oil wells and 19 gas wells.

Forward Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements.  Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements.  These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.

Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity.  Such risks, uncertainties and other factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission.  The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

SOURCE Consolidation Services, Inc.