Increase in JORC Resource at Gadzema Gold Project

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
                                  1 June 2011
          African Consolidated Resources plc ('ACR' or 'the Company')
              Increase in JORC Resource at Gadzema Gold Project

African  Consolidated  Resources  Plc,  the  AIM listed southern African focused
resource  development company, is pleased to  announce an interim JORC Compliant
Resource  upgrade on its Gadzema Gold  Project in the northern midlands district
of Zimbabwe ('Gadzema' or 'the Project').

Highlights

  * Interim  Resource  upgrade  available  for  approx  5,300m (40%)  of a total
    13,000m drill programme completed in May 2011


  * The  Resource  upgrade  covers  approx  600m of strike within ACR's 7km long
    Gadzema project and is open to the north, south, west and at depth


  * A JORC Inferred Resource has been estimated at 4.7Mt @ 1.1g/t for 165,000oz
    at a cutoff grade of 0.6g/t


  * The total Gadzema Resource now stands at 23Mt @ 1.2g/t for 912,000oz


  * Assay  results from the remaining 8,000m out  of the 13,000m of drilling due
    in  early  June  2011 -  demonstrates  the  viability of exceeding the 1Moz
    milestone at Gadzema in July


  * ACR's total gold inventory now exceeds 1.4Moz, (tabulated below)



ACR  commenced an intensive drilling programme at Gadzema in January 2011, using
two  Reverse  Circulation  ('RC')  rigs  on  double shifts, and a diamond coring
('DC')  drill  rig.   The  programme,  which  covered approximately 13,000m, was
completed in mid-May 2011.

The  current study includes sample and assay data for 77 RC drill holes and four
diamond core ('DC') holes drilled by ACR during the Q1-Q2 2011 drilling campaign
and in 2010.

The  drilling was carried  out to test  a sub-outcropping felsic intrusion where
north  trending  thrusting  has  created  large  quartz-sulphide  stockwork vein
systems  in the felsic porphyry, and in adjacent banded iron formations and talc
schists.

The  area has been  tested with 15 east-west  oriented drill traverses spaced at
40m northings  and approximately 40m on section, and covers 600m of strike.  All
drill  holes are angled steeply  (~60 degrees) towards grid  west, normal to the
general strike of the gold mineralisation.

Drilling tested the mineralisation, which dips steeply to the east, to depths of
approximately  150m vertically below  surface.  Assays  were carried  out at 1m
intervals by Fire Assay method using ISO accredited laboratories in South Africa
and Zimbabwe.

+---------------+---------+-----+----------+----------+------------+-----------+
|ACR Gold       |         |     |          |          |            |           |
| Resources May |         |     |          |          |            |           |
|2011           |         |     |          |          |            |           |
+---------------+---------+-----+----------+----------+------------+-----------+
|               |         |     |          |          |            | Vertical  |
|               |         |     |          |          |    JORC    | Depth of  |
|               |   Oz    |Grade|  Tonnes  |Cutoff g/t|  Category  | Drilling  |
+---------------+---------+-----+----------+----------+------------+-----------+
|Peerless ACR   |         |     |          |          |            |Av 100m;   |
|drilling       |  210,000| 1.4 | 4,600,000|   0.5    |Inferred    | max 150m  |
+---------------+---------+-----+----------+----------+------------+-----------+
|Concession ACR |         |     |          |          |            |Av 100m;   |
|drilling       |  240,000| 1.5 | 4,800,000|   0.5    |Inferred    | max 150m  |
+---------------+---------+-----+----------+----------+------------+-----------+
|Dumps,         |         |     |          |          |            |           |
|Pickstone-     |         |     |          |          |            |           |
|Peerless       |         |     |          |          |            |           |
+---------------+---------+-----+----------+----------+------------+-----------+
|        Big Red|   15,900| 1.3 |   380,000|   1.0    |Measured    |           |
+---------------+---------+-----+----------+----------+------------+-----------+
| Football Field|   18,800| 1.0 |   586,000|   1.0    |Measured    |           |
+---------------+---------+-----+----------+----------+------------+-----------+
|    Concentrate|   28,300| 4.4 |   200,000|   1.0    |Measured    |           |
+---------------+---------+-----+----------+----------+------------+-----------+
|Total          |         |     |          |          |            |           |
|Pickstone-     |         |     |          |          |            |           |
|Peerless       |         |     |          |          |            |           |
|Resource       |  513,000| 1.5 |10,566,000|          |            |           |
+---------------+---------+-----+----------+----------+------------+-----------+
|               |         |     |          |          |            |           |
+---------------+---------+-----+----------+----------+------------+-----------+
|Gadzema -Zone 1|  475,000| 1.5 | 9,700,000|   0.5    |Inferred    | Av 150m   |
+---------------+---------+-----+----------+----------+------------+-----------+
|Gadzema - Zone |         |     |          |          |            |           |
|2              |  272,000| 1.0 | 8,500,000|   0.6    |Inferred    | Av 150m   |
+---------------+---------+-----+----------+----------+------------+-----------+
|Gadzema - Zone |         |     |          |          |            |           |
|3              |  165,000| 1.1 | 4,700,000|   0.6    |Inferred    | Av 150m   |
+---------------+---------+-----+----------+----------+------------+-----------+
|Total Gadzema  |  912,000| 1.2 |22,900,000|          |Inferred    | Av 150m   |
+---------------+---------+-----+----------+----------+------------+-----------+
                          |     |
+---------------+---------+-----+----------+----------+------------+-----------+
|               |         |     |          |          |            | Av        |
|TOTAL ALL      |1,425,000| 1.3 |33,466,000|          |            |100-150m   |
+---------------+---------+-----+----------+----------+------------+-----------+
|1  Excludes    |         |     |          |          |            |           |
|Zone 1 Dumps;  |         |     |          |          |            |           |
|internal       |         |     |          |          |            |           |
|estimate       |         |     |          |          |            |           |
|11,000 oz at   |         |     |          |          |            |           |
|0.84 g/t &     |         |     |          |          |            |           |
|7,000 oz @     |         |     |          |          |            |           |
|0.51 g/t       |         |     |          |          |            |           |
+---------------+---------+-----+----------+----------+------------+-----------+

ACR Technical Director Michael Kellow said, "Including the 174,000oz increase in
the  Gadzema Resource as reported on  3 May 2011, we have now added 340,000oz to
the  Project since drilling started in January.  These additional ounces further
underpin  the  prospectivity  of  our  Gadzema  Gold  Project  where we now have
significant intercepts on several zones over 7km of strike length.

With  the  Gadzema  Resource  inventory  now  standing at over 900,000oz, we are
confident  that we will surpass  the 1 million oz milestone  at Gadzema once the
assay  results  are  to  hand  from  the  balance of the recent 13,000m drilling
programme.   Aggressive  drilling  programmes  for  the  second half of 2011 are
currently  being  planned  with  the  objective of gathering further information
about  the Gadzema mineralisation as we  develop this significant project up the
value curve."

The  technical elements of this report have  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 mineralisation 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 "Australian Code for Reporting of Exploration
Results,  Mineral Resource  and Ore  Reserves" (JORC  Code) and  as a "qualified
person"  as defined in the AIM Note  for Mining, Oil and Gas Companies.  Michael
Kellow consents to the publication of this report.

**ENDS**

For further information visit www.acrplc.com or please contact:

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

 Michael Kellow      African Consolidated Resources plc   [phone]

 Andrew Godber       Panmure Gordon (UK) Limited          [phone]

 Callum Stewart      Panmure Gordon (UK) Limited          [phone]

 Abhishek Majumdar   Panmure Gordon (UK) Limited          [phone]

 Susie Geliher       St Brides Media & Finance Ltd        [phone]



                                    Glossary

+------------------------------+------------------------------+----------------+
|Term                          |Explanation                   |Acronym         |
+------------------------------+------------------------------+----------------+
|aeromagnetics                 |Magnetic survey carried out   |aeromags        |
|                              |with a sensor in an aircraft  |                |
+------------------------------+------------------------------+----------------+
|archaean                      |rocks greater than 2,600 Ma in|                |
|                              |age                           |                |
+------------------------------+------------------------------+----------------+
|As                            |chemical symbol for arsenic   |                |
+------------------------------+------------------------------+----------------+
|Au                            |chemical symbol for gold      |                |
+------------------------------+------------------------------+----------------+
|banded iron-formation         |chemical    sedimentary   rock|BIF             |
|                              |consisting of iron and quartz |                |
+------------------------------+------------------------------+----------------+
|base metal                    | Nickel, copper, lead, zinc   |BM              |
+------------------------------+------------------------------+----------------+
|capex                         |"capital expenditure"; cash   |                |
|                              |amount required for non-      |                |
|                              |operating costs such as plant |                |
|                              |construction and equipment    |                |
+------------------------------+------------------------------+----------------+
|claims                        |areas allocated by the        |                |
|                              |government of Zimbabwe for the|                |
|                              |purposes of exploration and   |                |
|                              |exploitation of minerals, may |                |
|                              |be either for gold, diamonds  |                |
|                              |or base minerals.  Synonymous |                |
|                              |with leases, tenements.       |                |
+------------------------------+------------------------------+----------------+
|concentrate                   |normally of metallic minerals |                |
|                              |such as pyrite and            |                |
|                              |arsenopyrite after removal of |                |
|                              |gangue                        |                |
+------------------------------+------------------------------+----------------+
|Conductor                     |See electromagnetic survey    |                |
+------------------------------+------------------------------+----------------+
|core                          |Cylindrical  sample of rock as|                |
|                              |cut by a diamond drill        |                |
+------------------------------+------------------------------+----------------+
|Co                            |Chemical symbol for cobalt    |                |
+------------------------------+------------------------------+----------------+
|Cu                            |chemical symbol for copper    |                |
+------------------------------+------------------------------+----------------+
|diamond drilling              |Drilling    method   using   a|                |
|                              |diamond-impregnated    cutting|                |
|                              |bit to obtain a core sample of|                |
|                              |rock                          |                |
+------------------------------+------------------------------+----------------+
|dip                           |the  orientation  of  a planar|                |
|                              |geological feature relative to|                |
|                              |horizontal                    |                |
+------------------------------+------------------------------+----------------+
|disseminated sulphide         |Accumulations    of   sulphide|                |
|                              |minerals  where the grains are|                |
|                              |not    separated    by   other|                |
|                              |minerals   and   are   not  in|                |
|                              |physical   contact  with  each|                |
|                              |other.                        |                |
+------------------------------+------------------------------+----------------+
|electromagnetic survey        |Geophysical   technique  using|EM, TEM, SIROTEM|
|                              |electrical  currents to detect|                |
|                              |conductive     bodies    below|                |
|                              |surface.   Conductive   bodies|                |
|                              |include massive-sulphides that|                |
|                              |may contain base metals       |                |
+------------------------------+------------------------------+----------------+
|EM survey                     |See electromagnetic survey    |                |
+------------------------------+------------------------------+----------------+
|environmental           impact|assessment  of impacts  to the|EIA             |
|assessment                    |environment   likely   to   be|                |
|                              |caused by any activity        |                |
+------------------------------+------------------------------+----------------+
|environmental management act  |legislation encompassing and  |EMA             |
|                              |replacing all previous        |                |
|                              |environmental legislation     |                |
+------------------------------+------------------------------+----------------+
|environmental management plan |report detailing mitigation or|EMP             |
|                              |avoidance   of   environmental|                |
|                              |impacts  associated  with  any|                |
|                              |activity;  for mining activity|                |
|                              |usually  incorporates  a  mine|                |
|                              |closure plan                  |                |
+------------------------------+------------------------------+----------------+
|fault                         |a  fracture or  break within a|                |
|                              |body of rock across which some|                |
|                              |movement has occurred         |                |
+------------------------------+------------------------------+----------------+
|felsite                       |silica  rich igneous rock, aka|                |
|                              |felsic volcanic               |                |
+------------------------------+------------------------------+----------------+
|flotation                     |the  process  of concentrating|                |
|                              |minerals  from  finely  ground|                |
|                              |slurry   by  the  addition  of|                |
|                              |reagents and air              |                |
+------------------------------+------------------------------+----------------+
|fold                          |geological term for a curve or|                |
|                              |bend  of  planar  surfaces  in|                |
|                              |rocks                         |                |
+------------------------------+------------------------------+----------------+
|foliation                     |geological   term  for  planar|                |
|                              |features within rocks         |                |
+------------------------------+------------------------------+----------------+
|geophysics                    |Mineral   prospecting  systems|                |
|                              |designed       to       detect|                |
|                              |mineralisation    using    the|                |
|                              |physical properties of rocks. |                |
+------------------------------+------------------------------+----------------+
|global positioning system     |Navigation   and   positioning|GPS             |
|                              |system   allowing   survey  by|                |
|                              |satellite                     |                |
+------------------------------+------------------------------+----------------+
|gossan                        |Oxidized   sulphide   minerals|                |
|                              |which  form  distinctive iron-|                |
|                              |rich outcrops with sponge-like|                |
|                              |weathering  textures;  gossans|                |
|                              |often   overlie  sulphide-rich|                |
|                              |deposits  of  base  metals and|                |
|                              |gold.                         |                |
+------------------------------+------------------------------+----------------+
|greenstone belt               |belts     of     metamorphosed|                |
|                              |sedimentary  and igneous rocks|                |
|                              |of Archaean age               |                |
+------------------------------+------------------------------+----------------+
|hydrothermal                  |hot,  water-rich  fluid  which|                |
|                              |dissolves    and    transports|                |
|                              |metals  and deposits  these in|                |
|                              |suitable geological traps     |                |
+------------------------------+------------------------------+----------------+
|igneous rock                  |originally   molten   can   be|                |
|                              |volcanic or intrusive         |                |
+------------------------------+------------------------------+----------------+
|JORC                          |Joint  Ore  Reserves Committee|                |
|                              |of  the Australasian Institute|                |
|                              |of Mining and Metallurgy      |                |
+------------------------------+------------------------------+----------------+
|laterite                      |highly  weathered rock usually|                |
|                              |conforms   to   a   consistent|                |
|                              |weathering     pattern    from|                |
|                              |surface        and       often|                |
|                              |redistributes  gold, nickel or|                |
|                              |aluminium    to    ore   grade|                |
|                              |concentrations    above    the|                |
|                              |primary source at depth.      |                |
+------------------------------+------------------------------+----------------+
|lodes                         |Higher    grade   portion   of|                |
|                              |mineralised   zones,   usually|                |
|                              |with specific orientation     |                |
+------------------------------+------------------------------+----------------+
|magnetic survey               |measurements       of      the|                |
|                              |perturbation  in  the  earth's|                |
|                              |magnetic   field   caused   by|                |
|                              |magnetic minerals in rocks    |                |
+------------------------------+------------------------------+----------------+
|massive sulphide              |Bodies  of  sulphide  minerals|                |
|                              |where   the   grains   are  in|                |
|                              |physical contact; these bodies|                |
|                              |can      become     electrical|                |
|                              |conductors (see EM surveys)   |                |
+------------------------------+------------------------------+----------------+
|metamorphism                  |changes    in    the   mineral|                |
|                              |compositions  of rocks  due to|                |
|                              |increased  temperature  and/or|                |
|                              |pressure    normally    during|                |
|                              |burial                        |                |
+------------------------------+------------------------------+----------------+
|mineralisation                |metallic minerals such as     |                |
|                              |gold, base metals, pyrite and |                |
|                              |arsenopyrite incorporated in  |                |
|                              |rocks                         |                |
+------------------------------+------------------------------+----------------+
|mineralised zones             |hydrothermally         altered|                |
|                              |structural features containing|                |
|                              |potentially valuable minerals |                |
+------------------------------+------------------------------+----------------+
|Ni                            |chemical symbol for nickel    |                |
+------------------------------+------------------------------+----------------+
|orebody                       |economically viable portion of|                |
|                              |a mineralised zone            |                |
+------------------------------+------------------------------+----------------+
|Pd                            |Chemical symbol for palladium |                |
+------------------------------+------------------------------+----------------+
|Pt                            |Chemical symbol for platinum  |                |
+------------------------------+------------------------------+----------------+
|pyrite                        |iron  sulphide  mineral  often|                |
|                              |associated with gold          |                |
+------------------------------+------------------------------+----------------+
|pyrrhotite                    |iron sulphide mineral         |                |
+------------------------------+------------------------------+----------------+
|quality control               |procedures   to   ensure   the|QC              |
|                              |accuracy    of   all   results|                |
|                              |obtained  from  any  activity,|                |
|                              |particularly    sampling   and|                |
|                              |assays                        |                |
+------------------------------+------------------------------+----------------+
|quality assurance             |process   of   recording   all|QA,  QA/QC      |
|                              |quality control procedures    |                |
+------------------------------+------------------------------+----------------+
|quartz                        |silicon   oxide  mineral  very|                |
|                              |common     in     hydrothermal|                |
|                              |deposits                      |                |
+------------------------------+------------------------------+----------------+
|resource                      |mineral resource as defined by|                |
|                              |the JORC Code 2004            |                |
+------------------------------+------------------------------+----------------+
|reverse circulation drilling  |rotary   percussion   drilling|RC              |
|                              |whereby the sample is returned|                |
|                              |from  the cutting  head inside|                |
|                              |the   rod  string  to  surface|                |
|                              |thereby avoiding contamination|                |
|                              |from the walls of the hole    |                |
+------------------------------+------------------------------+----------------+
|rotary air blast drilling     |Open-hole   drilling   whereby|RAB             |
|                              |drill cuttings are returned to|                |
|                              |surface  by compressed  air in|                |
|                              |an        un-lined       hole;|                |
|                              |contamination is possible from|                |
|                              |the walls of the hole.        |                |
+------------------------------+------------------------------+----------------+
|saprolite                     |In-situ     weathered     rock|                |
|                              |vertically   located   at  the|                |
|                              |bottom    of   the   lateritic|                |
|                              |weathering  profile.   Can  be|                |
|                              |host to nickel laterite ore   |                |
+------------------------------+------------------------------+----------------+
|schist                        |metamorphic   rock  with  well|                |
|                              |developed foliation           |                |
+------------------------------+------------------------------+----------------+
|serpentinite                  |magnesium iron silicate of    |                |
|                              |metamorphic origin            |                |
+------------------------------+------------------------------+----------------+
|shale                         |clay-rich sedimentary rock,   |Black shale     |
|                              |when black or carbonaceous    |                |
|                              |normally contains carbon      |                |
+------------------------------+------------------------------+----------------+
|shear zone                    |zone of multiple fractures or |                |
|                              |discontinuities in rock,      |                |
|                              |either ductile or brittle     |                |
+------------------------------+------------------------------+----------------+
|siltstone                     |fine grained usually quartz   |                |
|                              |rich sedimentary rock; where  |                |
|                              |calcareous contains calcium or|                |
|                              |magnesium carbonate           |                |
+------------------------------+------------------------------+----------------+
|siting of works plan          |statutory submission required |                |
|                              |ahead of any mining activity  |                |
|                              |                              |                |
+------------------------------+------------------------------+----------------+
|stockworks                    |zone of multiple quartz filled|                |
|                              |fractures with individual     |                |
|                              |veins often of random         |                |
|                              |orientation                   |                |
+------------------------------+------------------------------+----------------+
|strike                        |the horizontal orientation of |                |
|                              |a planar geological feature   |                |
+------------------------------+------------------------------+----------------+
|sulphide                      |sulphur bearing metallic      |                |
|                              |mineral                       |                |
+------------------------------+------------------------------+----------------+
|synform                       |geological term for an upward |                |
|                              |facing fold                   |                |
+------------------------------+------------------------------+----------------+
|talc                          |magnesium iron silicate mica  |                |
|                              |of metamorphic origin         |                |
+------------------------------+------------------------------+----------------+
|tenement                      |an area encompassing a number |                |
|                              |of blocks of claims           |                |
+------------------------------+------------------------------+----------------+
|thrust                        |shallow dipping fault where   |                |
|                              |the upper body of rock        |                |
|                              |overrides the lower portion   |                |
+------------------------------+------------------------------+----------------+
|ultramafic                    |dark silicate mineral or rock |                |
|                              |with high magnesium and iron  |                |
+------------------------------+------------------------------+----------------+
|variogram                     |mathematical representation of|                |
|                              |spatial variability between   |                |
|                              |data                          |                |
+------------------------------+------------------------------+----------------+
|wireframe                     |computer generated volume     |                |
|                              |boundary, usually around      |                |
|                              |lithological or Resource zones|                |
+------------------------------+------------------------------+----------------+
|XRF                           |X-Ray  fluorescence;  an assay|                |
|                              |technique   using   x-rays  to|                |
|                              |measure element concentrations|                |
|                              |in a sample                   |                |
+------------------------------+------------------------------+----------------+
|UNITS                         |                              |                |
+------------------------------+------------------------------+----------------+
|cm.g/t                        |centimetre grams per tonne -  |                |
|                              |metal content expressed as    |                |
|                              |grade times thickness         |                |
+------------------------------+------------------------------+----------------+
|g                             |gramme                        |                |
+------------------------------+------------------------------+----------------+
|g/t                           |grammes per metric tonne -    |                |
|                              |metal concentration           |                |
+------------------------------+------------------------------+----------------+
|ha                            |hectare                       |                |
+------------------------------+------------------------------+----------------+
|kg                            |kilogramme, a thousand grammes|                |
+------------------------------+------------------------------+----------------+
|km                            |kilometre                     |                |
+------------------------------+------------------------------+----------------+
|koz                           |thousand ounces               |                |
+------------------------------+------------------------------+----------------+
|kt                            |thousand metric tonnes        |                |
+------------------------------+------------------------------+----------------+
|kv                            |thousand volt                 |                |
+------------------------------+------------------------------+----------------+
|kva                           |thousand volt amperes         |                |
+------------------------------+------------------------------+----------------+
|m                             |metre                         |                |
+------------------------------+------------------------------+----------------+
|mm                            |millimetre                    |                |
+------------------------------+------------------------------+----------------+
|µm                            |micron, or millionth of a     |                |
|                              |metre                         |                |
+------------------------------+------------------------------+----------------+
|mt                            |million metric tonnes         |                |
+------------------------------+------------------------------+----------------+
|moz                           |million ounces                |                |
+------------------------------+------------------------------+----------------+
|oz                            |fine troy ounce equaling      |                |
|                              |31.1048 grammes - normal unit |                |
|                              |used in selling gold          |                |
+------------------------------+------------------------------+----------------+
|ppb                           |parts per billion             |                |
+------------------------------+------------------------------+----------------+
|ppm                           |parts per million, equivalent |                |
|                              |to g/t                        |                |
+------------------------------+------------------------------+----------------+
|t                             |metric tonne                  |                |
+------------------------------+------------------------------+----------------+
|t/m3                          |density measured as metric    |                |
|                              |tonnes per cubic metre        |                |
+------------------------------+------------------------------+----------------+
|°                             |degrees                       |                |
+------------------------------+------------------------------+----------------+







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