Grant and Exercise of Options

African Consolidated Resources Plc
01 April 2008

               African Consolidated Resources Plc (the 'Company')



                         Grant and Exercise of Options



African Consolidated Resources plc, the Zimbabwe focused mineral exploration
company announces that in order to continue to incentivise its management, on 31
March 2008 it granted options over 8,000,000 new Ordinary Shares of 1p each 
('Shares') in the Company exercisable at 18p per Share to directors and senior
management of the Company as follows:-




H. S. Bottomley                                                1,000,000


Adonis Investments LLC                                         3,000,000
  (A. N. Cranswick)


M. W. Kellow                                                   1,000,000


R. C. Tucker                                                   2,000,000


Rosaire International Services Limited                         1,000,000
  (Financial Controller)



At the time of the meetings of the Remuneration Committee and of the Board at
which these options were approved the mid price quoted for the Company's shares
was 17p.  The options are exercisable at any time from 1 April 2009 to 29 June
2011 conditional, subject to certain exceptions, on continued service until 31
March 2009.



A. N. Cranswick has also informed the Company that he will forthwith subscribe
for 1,000,000 new Shares at 4.5p per share following the exercise of 1,000,000
options already granted to him. A further announcement will be made in due
course upon the issue of these shares.



At the time of the Company's admission to AIM in June 2006, the Company
committed that the maximum number of Shares which would be subject to options
granted to directors and employees under any share schemes adopted by the
Company would not exceed 20 per cent. of the Company's issued share capital from
time to time.



Following the grant and exercise of share options referred to above, there will
be 41,465,000 Shares under option to directors and employees representing 18.68
per cent of the Company's issued share capital.



Enquiries:


African Consolidated Resources plc
Andrew Cranswick                               [phone]
Roy Tucker                                     [phone] / [phone]


Ambrian Partners Limited
Richard Brown                                  [phone]
Richard Greenfield






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