Marange Diamond Title

African Consolidated Resources Plc
11 December 2006





                       African Consolidated Resources Plc

                            ('ACR' or the 'Company')



Statement re Marange Diamond Title



Further to recent press commentary, ACR confirms that under Section 50 of the
Zimbabwe Mines and Minerals Act the Ministry of Mines has given notice of
intention to cancel registration of the Company's title to the Marange Diamond
deposit approximately 200 miles south east of Harare.  The grounds for the
notice are that title should not have been granted in the first instance because
of a pre-existing exploration licence over the same area.



Based on its belief that its title is valid ACR has also previously entered into
Joint Venture discussions to work the Marange diamond deposit with partners both
at the local and at the national level in order to ensure benefit for the
community as well as for the Company.



ACR believes that the Marange area is highly prospective for diamonds.  However
as yet the Company has been unable to carry out a thorough evaluation and
testing programme on the area.



ACR's core activity is the exploration of gold, but the Company has also
developed a broad portfolio of other minerals activities in Zimbabwe.  The
Company will make a further announcement clarifying its position on the Marange
Title in due course.



Enquiries:



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



Evolution Securities
Simon Edwards                   [phone]



College Hill                    [phone]
Nick Elwes
Paddy Blewer






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