Big Valley Resources Inc. Corporate Update.

WILLIAMS LAKE, British Columbia--(BUSINESS WIRE)--July 6, 1998--Big Valley Resources(Alberta Stock Exchange:BV.) As previously announced, Big Valley Resources Inc. ("Big Valley") and its business partner, H.D.L. Wood Industries Inc. ("HDL") each hold a 50 percent interest in a private British Columbia holding company (the "Holding Company"). A private Finnish company, Crystal Woodworks Ltd. ("Crystal") has recently been incorporated in order to commercialize the exciting and revolutionary wood hardening and fine veneer technologies developed by HDL and Finnforest Oy, Finland ("Finnforest"). Big Valley and HDL each hold a 45 percent interest in Crystal through the Holding Company.

The remaining 10 percent interest is held by Finnforest pursuant to the terms of a November 20, 1997 licensing agreement under which HDL was granted exclusive North American and non-exclusive Japanese and European rights to use the patented wood hardening technology. Through Crystal, Big Valley and HDL will operatethe Lappeenranta hardening plant, located in Lappeenranta, Finland. The Lappeenranta plant was purchased by the Holding Company in late 1997.

Commenting on the results of product testing of a wide variety of British Columbia's softwoods and softer hardwoods conducted at the Lappeenranta plant, Dr. Donna-Marie Wood, President of HDL and Crystal said, "We are delighted with the preliminary trials. The hardened fine wood veneer product samples have been received enthusiastically by the woodworking industries both in Europe and North America. Using the patented Finnforest organic and biologically benign process, we can harden most indigenous softwood veneers to values 5 to 10 times the hardness of the non-processed wood. The natural beauty of the wood was unaffected and there were no signs of any artificial discolouration or other loss of properties from our process. The resulting hardened product can be sanded, glued, processed and surface finished using standard finishing techniques such as lacquering, waxing, staining and varnishing. A bonus of the process has been an improved resistance to sunlight.

The hardened fine veneer products manufactured by Crystal can substitute readily for high quality traditional hardwood veneers in both form and function. The possible product applications are limited only by the designer's imagination. Moreover, the ready supply of many less valued softwoods of British Columbia can be selectively harvested thereby lessening the demand for the more traditional and exotic hardwoods worldwide and give rise to a new economy."

From its Lappeenranta plant, Crystal plans to manufacture and market specialized decorative hardened wood veneers to sophisticated customer specifications in Europe, North America and the Far East. A production date will be set after test markets have been completed.

Also as previously announced, Big Valley has a non-exclusive agreement with HDL under which Big Valley and HDL will establish and develop North American manufacturing facilities to produce hardened softwood and fine veneer products. Big Valley and HDL will each hold a 50 percent interest in the North American operations through a jointly owned British Columbia holding company.

HDL has advised Big Valley that EBA Engineering has completed its site evaluation on a 54 acre commercial lot located in the Alberni Clayoquat District, Ucluelet Area, British Columbia. Based on the EBA report, the 54 acre lot is a suitable site for a proposed fine veneer manufacturing plant. Big Valley and HDL will purchase the lot through the Holding Company at a price of $232,000. All funds have been committed and the sale will be completed on July 20, 1998.

Big Valley also announces that exploration work on its British Columbia mineral projects is continuing. An extensive soil geochemistry survey has just been completed on the Premier claims. A second extensive soil geochemistry survey will begin immediately on the BV claims and will be completed by the end of July. In early August, combined geological mapping, prospecting and soil geochemistry surveys will be carried out on the recently acquired Hugger claims. The results of all surveys will be released as they are received by Big Valley.

Big Valley also announces that it has extended its investor relations services agreement with Dunhill International Communications Corp. ("Dunhill") to September 30, 1998. Dunhill, originally retained in April 1998, will be paid a monthly services fee of $3,000.

ON BEHALF OF THE BOARD,

Lloyd Tattersall, President

Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.

    CONTACT:  Big Valley Resources Inc.
               Lloyd Tattersall, 250/243-2337
               or
               Big Valley Resources Inc.
               Mr. John Enns, 888/677-9677