Marange Update

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
                               21 September 2010
          African Consolidated Resources plc ('ACR' or 'the Company')
                                 Marange Update

African  Consolidated  Resources  plc,  the  AIM listed resource and development
company  focussed in Zimbabwe, announces that  further to its announcement of 7
September 2010 the Company together with its lawyers have now had an opportunity
to  examine the judgement of 6 September 2010 (the 'Rescission Judgement') which
rescinded  the  September  2009 High  Court  Judgement  which  had confirmed the
Company's   title  to  its  diamond  claims  at  Marange  ('September  2009 H  C
Judgement').

The  Company  has  now  lodged  an  appeal against the Rescission Judgement (the
'Rescission  Appeal').  The effect of the lodging of the Rescission Appeal is to
suspend  the Rescission  Judgement pending  the hearing  of and  decision on the
Rescission  Appeal.  The  hearing of  the Rescission  Appeal will  be subject to
completion  of various  formalities which  could extend  for some 6-12 months or
longer.

In  a related development the Ministry of Mines and other parties have withdrawn
their appeal against the September 2009 H C Judgement.

This  withdrawal  coupled  with  the  Rescission  Appeal has the result that the
original  judgement concerning  ACR's valid  title (i.e.  the September 2009 H C
Judgement) is now in force.

Costs  in the Rescission Judgement application  were awarded against ACR.  Costs
leading  to the September  2009 H C Judgement  and in the  appeal to the Supreme
Court  thereon were  awarded against  the Ministry  of Mines and other parties.
Costs  were  awarded  on  a  party  and  party  scale  and  are not likely to be
significant.

The  judge giving the Rescission Judgement has based his decision for rescission
on  a finding that there has been proof that the evidence provided by ACR at the
hearing  leading to the September 2009 H  C Judgement was 'made fraudulently and
with  intent to mislead'.   The Company strongly  denies any improper conduct in
asserting its rightful claims at Marange.  Legal opinion given to the Company is
to  the effect  that the  Company's prospects  of success  on appeal against the
Rescission Judgement are extremely strong.

In the grounds of the appeal against the Rescission Judgement it will be averred
inter alia
(i)     that the judge erred by making several procedural errors
(ii)      that the judge erred by making significant errors in interpretation of
the law
(iii)     that the judge erred by  drawing conclusions that were not sustainable
upon the evidence before him and defied all logic

And most importantly

(iv)     that the finding that there is  proof that the evidence produced by ACR
at the hearing leading to the September 2009 H C Judgement was made fraudulently
and  with intent to mislead  was grossly improper in  that it was legally flawed
and  based on uncorroborated allegations which the Company denies and has had no
opportunity to properly defend in open court.

ACR Chief Executive Officer Andrew Cranswick said, "It is important to note that
the  litigation referred to  was not initiated  by ACR.  This litigation against
ACR  proceeded in spite of calls to amicably settle the matter.  The Company has
repeatedly  stated its desire to  work with the Government  on this issue and to
resolve  the  impasse  outside  of  court  in  a legal and fair manner that will
benefit  Zimbabwe while  gaining international  acceptance.  We  again state our
wish to move forward on the issue and assist in reversing negative international
sentiments  about  these  diamonds.   The  perceived  lack  of  transparency and
fairness  continues  to  obstruct  the  flow  of clean, ethical funding into the
economy.   Furthermore, the world diamond industry continues to be at great risk
from  the negative perceptions which are building  on the consumer end.  This is
surely  in no-one's  interests.  ACR  has laid  solid foundations for the future
development  of  mines,  community  welfare  and  jobs  at many locations around
Zimbabwe  with production possibilities in  copper, nickel, phosphate and gold.
We  wish to work productively with  the Government and continue our contribution
to the country."

The  Company continues  to make  progress on  its other projects.  In particular
subsequent  to the delineation of  a JORC Resource at  Blue Rock as announced on
22 July  2010 the Company  expects to  announce further  drilling results in the
Gadzema Belt in early October.

                                    **ENDS**

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

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

 Andrew Cranswick     African Consolidated Resources plc   [phone]

 Richard Greenfield   Ambrian Partners                     [phone]

 Hugo de Salis        St Brides Media & Finance            [phone]

 Susie Callear        St Brides Media & Finance            [phone]








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Source: African Consolidated Resources Plc via Thomson Reuters ONE