Correction of Issue of Equity

The  following amends  the Issue  of Equity  announcement released on 7 December
2010 at 1.55.p.m under Hugin number 1469862.

The total number of shares in issue following the issue of the New Shares should
be 369,002,451 and not 364,002,451 as previously stated.

All  other details  remain unchanged  and the  full amended announcement appears
below.

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
                                8 December 2010
          African Consolidated Resources Plc ('ACR' or 'the Company')
                                Issue of Equity

African  Consolidated  Resources  plc,  the  AIM listed resource and development
company  focused in Zimbabwe, announces that today, 6 December 2010, 600,000 new
ordinary  shares of 1p each  in the Company  ('New Shares') have  been issued to
Jonathan  Samukange for a  cash sum of  £60,000.  The subscription proceeds have
been  used to satisfy fees payable to the  firm in which Jonathan Samukange is a
partner  in respect of legal fees relating  to the Company's dispute in relation
to its diamond claims at Marange.

Application will be made for the admission of the New Shares to trade on the AIM
market of the London Stock Exchange.  Following the issue of the New Shares, the
total  number of shares in issue  will be 369,002,451 ordinary shares, with each
share carrying the right to one vote.

Enquiries:

Andrew Cranswick    African Consolidated Resources plc [phone]

Roy Tucker          African Consolidated Resources plc [phone]
                                                       [phone]

Richard Swindells   Ambrian Partners Limited           [phone]

Jen Boorer          Ambrian Partners 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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