Issue of Equity

African Consolidated Resources Plc (the 'Company')

                                Issue of Equity

African  Consolidated Resources Plc, the AIM listed resource development company
focussed  in  Zimbabwe,  announces  the  issue  today  of  5,300,000 of  1p each
('Shares') to Kipling Stone Investments Limited for a cash sum of $700,000.  The
subscription  proceeds  have  been  used  to  acquire  property  assets from the
subscriber.

Application  has been made  for admission of  5,300,000 Shares to trading on the
AIM Market of the London Stock Exchange which is expected to occur at 8am on 12
August 2010.

Following  the issue  of Shares  described above  the total  number of Shares in
issue  at the date of this  announcement is 363,402,451 with each Share carrying
the right to one vote.

Enquiries

African Consolidated Resources plc
Roy Tucker+44 1622 816918 / [phone]

African Consolidated Resources plc
Andrew Cranswick+44 7920 189010

Ambrian Partners Limited
Richard Greenfield+44 20 7634 4700

St Brides Media & Finance Ltd+44 20 7236 1177
Hugo de Salis

St Brides Media & Finance Ltd+44 20 7236 1177
Susie Callear




[HUG#1436543]








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Source: African Consolidated Resources Plc via Thomson Reuters ONE