Consolidated Trillion Resources Ltd. - Announcement.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--April 20, 2001

Consolidated Trillion Resources Ltd. (the "Company") (OTCBB:TLNOF) (TSE:TLQ.) is pleased to announce that it has signed an agreement with BHP World Exploration Inc. ("BHP") to explore BHP's Karasberg PGM-Ni property in Southern Namibia.

The Company can earn up to a 100% interest subject to a 2.5% NSR payable to BHP from any commercial production and back in rights. The agreement is subject to final approval from the Government of Namibia.

The Karasberg project is located in Southern Namibia in a large Ultramafic system. It consists of five (5) Exclusive Prospecting Licenses totaling 430,559.30ha. BHP have completed a regional exploration programme consisting of both airborne and ground geophysics, mapping and stream sediment and soil sampling. This work resulted in the identification of Cu-Ni-PGE soil geochemical anomalies and a bedrock conductor within a Ultramafic unit. The UTEM survey highlighted an obvious bedrock anomaly at a depth of between 100 - 200 m. Coincident soil geochemistry over this conductor (Ni,Cu,Au,Pt and Pd) is indicative of magmata sulphide mineralization at surface and the potential for massive sulphide concentrations at depth. The target is at drill ready stage.

Based on the Agreement, Trillion has been granted an option to acquire 100% subject to the following terms:

- Trillion will complete a phase one exploration term which will consist of
2000m of diamond drilling together with a "downhole" EM geophysics survey. At
the end of this phase BHP has the right within 90 days, to elect to retain a
70% interest in the project by paying Trillion 2.5 times expenditures incurred
during Phase 1. Trillion would then be carried for 30% to completion of
Feasibility Study.

- Should BHP elect not to exercise its option, Trillion will have the option to
complete Phase II. This will require Trillion to complete expenditures of
Cdn$1.5 million over a 4 year period with a minimum expenditure of Cdn$300,000
in the first 12 months. BHP will have the right to obtain a 70% interest during
the second term, but not later that 90 days after receipt of the final report
on the project, by paying Trillion 2.5 times expenditures incurred during the
option terms.

Management is pleased to enter into this Agreement with BHP. The Agreement allows the Company to participate in a new PGM-Ni project within a stable country, with excellent infrastructure and a strong mining climate. BHP's target for reentry to the project is a mineral inventory of 2 Billion which provides significant upside to Trillion.

In addition, the Company is pleased to confirm all outstanding matters with respect to the discharge of the debenture have been completed and as at March 15, 2001 and the debenture has been duly discharged.

The Company continues to trade Over The Counter Bulletin Board (OTCBB) under the trading symbol TLNOF. We appreciate your continued support.