Issue of Equity

African Consolidated Resources Plc (the 'Company')

                           Issue of Equity

African Consolidated  Resources  Plc, the  Zimbabwe  focused  mineral
exploration company,  announces  that  it  has  issued  and  allotted
750,000 new  ordinary  shares  of  1p  each  ('Shares')  to  Tourelle
Management Group  Ltd at  a  price of  4.5p  per Share  following  an
exercise of share options.

Application has been made for admission of 750,000 Shares to  trading
on the AIM Market of the  London Stock Exchange which is expected  to
occur at 8.00 a.m. on 3 December 2009.

Following the  admission  of Shares  as  described above,  the  total
number of  Shares  in  issue  will be  358,102,451  with  each  share
carrying the right to one vote.

Enquiries:


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

Ambrian Partners Limited
Richard Greenfield                 [phone]

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