Drilling Results and Notice of AGM

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

                          Drilling Results

African  Consolidated,  the  Zimbabwe  focused  mineral   exploration
company is  pleased  to  announce  results  from  recently  completed
reverse circulation (RC)  drilling at  the Company's  Blue Rock  gold
prospect located in Chegutu, Zimbabwe.

This twenty six hole programme comprising 2305 metres of RC  drilling
is designed to  test for  porphyry hosted gold  mineralization in  an
area that had been outlined by a shallow Rotary Air Blast (RAB) drill
programme previously undertaken  by the  Company. All  RC holes  were
drilled at -60 degrees with a  270 degree drill direction on a  drill
section spacing of 80m.  Seven sections were drilled to test a strike
length of approximately 600m.

To date, assay results for 11 holes (BRRC 001 to BRRC 011) have  been
received, covering  the  northern 320m  of  strike. Of  these  eleven
holes, nine  encountered mineralisation  greater than  1g/t, in  many
cases over wide intercepts as tabled below.

Assay results for  southern holes BRRC  012 - BRRC  026, covering  an
additional 160m of strike, are awaited from the laboratory.

The most significant intersections to date were encountered in  drill
hole BRRC 011 as follows:

BRRC 011:     24m @ 2.7 g/t from 4m

including        6m @ 5.4 g/t from 5m

and                  5m @4.5 g/t from 15m

RC drill holes BRRC 001 to BRRC 010 to the north of BRRC 011 obtained
broad lower grade gold intersections to including BRRC 01 and 02,
located 320m north of drill hole BRRC 011.

BRRC 01;       5m @ 5.0 g/t from 61m

and                  38m @ 1.21g/t from surface

BRRC 02;       37m @ 1.27 g/t from 33m

Further mineralisation 240m north of drill hole BRRC 011 was
encountered in drill holes BRRC 05 and 06;
BRRC 05        14m @ 1.8 g/t from 8m

BRRC  06       19m @ 1.5 g/t from 16m

This mineralisation  is open  to  the north  and west,  and  requires
further drilling to confirm the full extent of the mineralised zone.
To the south of BRRC 011,  drill results for drill holes BRRC  12-26,
are awaited from the laboratory.

The Blue Rock prospect is part of the Giant group of historical  gold
mines which are currently being drill tested to target a  significant
gold resource which could feed a central mill.

Assaying for gold  is being conducted  at Antech Laboratory,  Kwekwe,
Zimbabwe. All assaying was undertaken by Fire Assay method at 1 metre
intervals from riffle-split  samples. All previous  and future  drill
samples will be re-assayed  for silver as silver  grades of up to  18
g/t have historically been reported within the mineralised porphyry.

Gold intercepts are calculated using a  0.5 g/t lower cutoff, no  top
cut, and include up to 2m of internal waste.

                  Notice of Annual General Meeting

The Company  announces that  it will  be holding  its Annual  General
Meeting at 3.00 pm on 8 September 2008 at the IoD hub City of London,
New Broad Street House, 35 New Broad Street, London, EC2M 1NH.



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  mineralization   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
'Australasian 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.


Enquiries:


+-------------------------------------------------------------------+
| African Consolidated Resources Plc |                              |
| Andrew Cranswick                   | [phone]               |
| Roy Tucker                         | [phone] / +44 7920   |
|                                    | 18912                        |
|                                    |                              |
|------------------------------------+------------------------------|
| Ambrian Partners Limited           | [phone]             |
| Richard Brown                      |                              |
| Richard Greenfield                 |                              |
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