Diamond Discovery

African Consolidated Resources Plc
21 September 2006


                                                               21 September 2006

                       African Consolidated Resources plc
                            ('ACR' or the 'Company')
                               Diamond Discovery

African Consolidated Resources plc, an AIM listed exploration company, is
pleased to announce a diamond find in Zimbabwe. The diamonds are hosted within a
cemented, Precambrian alluvial deposit, and secondary alluvial deposits are
likely to have formed from erosion of ancient gravels. The extent of the
alluvial host formation is unknown as yet, as the formation is partially
concealed by younger rock formations and recent alluvium.

ACR holds a significant area of mining and exploration rights in the region of
this discovery and intends to conduct further research including geochemistry,
geophysics, bulk-sampling, drilling and trial mining. The directors believe that
the gem and industrial diamonds which have been recovered in the past few weeks
are significant both as to quantity and as to value but neither have yet been
definitively established. Furthermore the samples from which the diamonds have
been recovered may prove to be unrepresentative of further sampling to be
conducted over coming months.

The Company will undertake a full evaluation of this resource as soon as
practicable and will announce the results as soon as known.

Enquiries:

ACR
Andrew Cranswick ([phone]
Roy Tucker ([phone]

Evolution Securities
Simon Edwards ([phone]

College Hill
Paddy Blewer ([phone]
Nick Elwes


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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