Minimum Requirements for Indigenisation Impleme...

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
                                  17 May 2011
          African Consolidated Resources plc ('ACR' or 'the Company')
          Minimum Requirements for Indigenisation Implementation Plan

African  Consolidated Resources  plc, the  AIM listed  southern African focussed
resource  development company, announces that its subsidiary, Canape Investments
(Private)  Ltd (Canape),  the holding  company for  ACR's Zimbabwean assets, has
made a response ('the Response') to a Regulation issued by the Ministry of Youth
Development, Indigenisation and Empowerment on 25 March 2011 ('the Regulation').
 The  Regulation required  affected non-indigenous  mining businesses  to submit
within  45 days an  indigenisation implementation  plan that  would achieve 51%
indigenous ownership.

The  businesses affected by the Regulation were  those with a net asset value of
or  above one United States dollar.  Since the business of Canape and of all its
subsidiaries  are in exploration phase financed by loans from ACR or other group
companies,  none of Canape or its subsidiaries has a net asset value of or above
one  United States  dollar.  In  the Response,  Canape has  stated this fact and
added  that it will take such steps as  it can to comply with any indigenisation
law in force from time to time.

                                    **ENDS**

For further information visit www.acrplc.com or please contact:
Roy  Tucker                 African  Consolidated Resources [phone]
                            plc                             [phone]

Andrew Godber               Panmure Gordon (UK) Limited     [phone]

Callum Stewart              Panmure Gordon (UK) Limited     [phone]

Susie Geliher               St Brides Media & Finance Ltd   [phone]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: African Consolidated Resources Plc via Thomson Reuters ONE

[HUG#1516410]