Acquisition of Aircraft For Aeromagnetic Surveys

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
                               23 September 2011
          African Consolidated Resources plc ('ACR' or the 'Company')
         Acquisition of aircraft and equipment for aeromagnetic surveys
                          Issue of shares to Director
                              Total voting rights

ACR,  the AIM listed  Southern African focused  resource development company, is
pleased to announce that it has acquired the entire share capital of Aeromag.com
Limited, a private company whose principal assets are a Jabiru J430 aircraft and
high tech equipment for radiometrics and aeromagnetics (the 'Aeromag Facility').
 This  acquisition will enable the Company  to conduct an extensive aeromagnetic
programme  across its  large-scale exploration  licences in  Kasempa, north-west
Zambia,   which   are  highly  prospective  for  iron  ore-copper-gold  ('IOCG')
mineralisation,  at  a  very  low  cost  per  line  kilometre.   The Company has
previously  had the benefit of the use of the Aeromag Facility when required, on
an arm's length contractual basis, since March 2010.

As  announced  on  19 September  2011, the  Company  has  consolidated  numerous
licences  over an area  of approximately 1,600km2 which  exhibit numerous copper
occurrences, associated with gold, uranium and hematite-magnetite iron deposits.
 Due  to the  vast area  that hosts  these occurrences,  the first  stage of the
Company's  exploration programme to identify the  resource potential of the area
will  be high  definition aeromagnetic  surveys, in  order to  generate priority
targets for additional ground work.

The  consideration  for  the  purchase  is  £93,500  satisfied  by  the issue of
1,700,000 ordinary shares of 1p each in the Company plus $61,500 cash.

Michael Kellow, a director of the Company (and ACR's Technical Director), has an
interest  in Aeromag.com Limited and has received 836,585 ordinary shares in the
Company as the consideration due to him.

The  resultant  holding  of  Mr.  Kellow  following  the  above  transaction  is
2,036,585 ordinary  shares in the  Company, being 0.44% of  the Company's issued
share  capital.  This  holding does  not include  his interest  over shares held
through contracts with the Company's Employee Benefit Trust.

Application  has been made to the AIM  division of the London Stock Exchange for
1,700,000 ordinary shares to be admitted to trading ('Admission').  Admission is
expected  to  occur  at  8:00 am  on 30 September 2011. Following Admission, the
total number of voting rights in the Company will be 458,286,451.

The  above  figure  may  be  used  by  shareholders  as  the denominator for the
calculations  by which they will determine if  they are required to notify their
interest in, or a change to their interest in ACR under the FSA's Disclosure and
Transparency Rules.


                                    **ENDS**

For further information visitwww.acrplc.com or please contact:
 Roy Tucker          African Consolidated Resources plc   [phone]

                                                          [phone]

 Andrew Godber       Panmure Gordon (UK) Limited          [phone]

 Callum Stewart      Panmure Gordon (UK) Limited          [phone]

 Abhishek Majumdar   Panmure Gordon (UK) Limited          [phone]

 Susie Geliher       St Brides Media & Finance Ltd        [phone]









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Source: African Consolidated Resources Plc via Thomson Reuters ONE

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