Grant of Options

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

Grant of options

African  Consolidated Resources  Plc, the  Zimbabwe focused  mineral exploration
company  announces that, in order to  insentivise a senior geologist, on 9 March
2010 it  granted options  over 500,000 new  Ordinary shares  of 1p each   in the
Company  ('Shares')  exercisable  at  12p per  share.  The options over 250,000
Shares   are  exercisable  at  any  time  from  1 April  2011 to  30 June  2013
conditional,  subject to certain exceptions, on continued service until 31 March
2011 and  the options over the other  250,000 Shares are exercisable at any time
from 1 April 2011 to 30 June 2013 conditional, subject to certain exceptions, on
continued service until 31 March 2012.

Sale of options by director

The  Company has been advised  that on 9 March 2010 R.  C. Tucker, the Company's
Chief  Financial Officer,  sold to  adult members  of his  family the  option to
acquire  898,334 Shares at  12p per Share,  898,334 Shares at  15p per Share and
2,898,332 Shares  at 18p per  Share, all  exercisable at  any time up to 29 June
2011, for an aggregate sum of £9,000.


Enquiries:

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


  Ambrian Partners Limited
  Richard Greenfield                    [phone]


  St. Brides Media & Finance Ltd.
  Hugo de Salis                         [phone]
  Susie Callear




[HUG#1393133]