Chishanya Carbonatite

African Consolidated Resources Plc ('ACR' or the 'Company')

                     Chishanya Phosphate Project

ACR is pleased to report the results of soil geochemistry and outcrop
sampling  programmes  conducted  at  its  rock  phosphate   (apatite)
prospects in  the  Chishanya  carbonatite  complex  in  south-eastern
Zimbabwe.

A detailed soil  geochemistry programme  was followed  by an  outcrop
sampling programme that  has to date  defined an arc  of apatite  ore
some 10 hectares in surface expression.  In-house X-ray  Fluorescence
(XRF) analysis  grades  the  apatite between  5%  and  19%  phosphate
(expressed in the form P2O5 - Phosphorous Pentoxide) with an  average
grade of 11%.  The orebody appears to rise vertically through a steep
hill of 85 metres in height and it is expected that it would continue
to depth well  below the  hill.  Should  the width  and grades  prove
consistent, a significant tonnage of ore would be inferred.

Rock phosphate is primarily used in the manufacture of fertiliser and
so is directly linked to the  production of food and bio-fuels.   The
company intends to have independent assays conducted as check samples
and, subject to results, will plan  a drilling programme in order  to
arrive at an estimate  of economically mineable tonnage.   Thereafter
the company  may  opt to  define  a JORC-compliant  resource  on  the
deposit.  The site  is close  to main  road (25km),  water (1km)  and
electricity (10km).

Enquiries:


+-------------------------------------------------------------------+
| African Consolidated Resources plc |                              |
| Andrew Cranswick                   | [phone]              |
| Roy Tucker                         | [phone] / +44 7920   |
|                                    | 189012                       |
|------------------------------------+------------------------------|
| Ambrian Partners Limited           |                              |
| Richard Brown                      | [phone]             |
| Richard Greenfield                 |                              |
|                                    |                              |
+-------------------------------------------------------------------+



The technical information contained in this announcement has been
reviewed by Mr. Michael Kellow (the Company's Technical Director).
Michael Kellow (BSc) is a member of the Australian Institute of
Geoscientists (AIG) and a full-time employee of African Consolidated
Resources Plc. Mr Kellow has sufficient experience which is relevant
to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify
as a Competent Person as defined in the 2004 Edition of the
'Australian Code for Reporting of Exploration Results, Mineral
Resource and Ore Reserves' (JORC Code) and the AIM Guidance Note for
Mining, Oil and Gas Companies. Michael Kellow consents to the
publication of this announcement.

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