Operational Update

African Consolidated Resources Plc ("ACR" or the "Company")

                         Operational Update



African  consolidated  Resources  Plc  is  pleased  to  provide   the
following update in respect of its recent activities and strategy.

Shareholders may  be  aware  that  the  major  political  parties  in
Zimbabwe have agreed to the formation of a Unity Government under the
auspices of a Southern African Development Community (SADC) sponsored
agreement, signed by all parties and the resulting swearing in of the
Prime  Minister  and  cabinet  in  mid-February.   In  terms  of  the
agreement, ministerial portfolios have  been allocated to  individual
political parties  with  the Ministry  of  Mines being  allocated  to
ZANU-PF and Ministry of Finance being allocated to MDC.

The MDC  has  made  a  clear statement  of  intent  regarding  mining
activities in Zimbabwe,  indicating that  it intends  to ensure  that
mining  companies  are  allowed  greater  freedom  to  pursue   their
activities in  the country  and  in so  doing, provide  potential  of
accessing new funding and foreign investment.  ACR has always strived
to manage risk  in Zimbabwe and  ensure that potential  opportunities
are identified early and followed up.  Clearly, the playing fields in
the world at large and indeed in Zimbabwe have changed  dramatically.


In this regard, ACR has implemented the following strategies:

A Technical Review  has now been  completed, as separately  announced
today, giving updates on  the Company's assets including  exploration
results from the 2008-2009 field programme.

In addition to  the Technical  Review, the Company  has undertaken  a
financial review  of all  projects  and mineral  assets in  order  to
define a priority list for immediate activity based on the  commodity
price outlook and with a  strong leaning towards potential near  term
production and  cash  flow.  Following this  review,  management  has
determined to  prioritise  expenditure  on its  gold  assets  and  in
particular the Blue Rock, One Step, Giant Mine and Pickstone Peerless
projects. Commensurate  with this  strategy, discretionary  spend  in
respect of the Company's other projects is to be reduced.

Management is confident of the potential to grow the company  rapidly
should the political environment continue  to improve.  In line  with
cost-efficiency,  judicious   application  of   funds  and   overhead
reduction, the Board and all senior  management have agreed to a  25%
reduction in salary payments; junior  management a 10% reduction  and
to implement a  significant reduction  in the number  of skilled  and
semi-skilled contractors.   This will  be  reviewed quarterly  or  as
circumstances change.

In light  of  the recently  announced  deregulation of  the  Zimbabwe
gold-marketing regime (yet to be ratified in Parliament), the Company
is currently analysing the steps required to advance to production in
gold.  It is believed that establishing a moderate production (approx
10,000 oz  pa), from  existing measured  JORC resources  in  tailings
dumps at Pickstone Peerless (from a tailings resource of 63,000  oz),
would require relatively low capital expenditure and a ramp-up period
of approximately  6  months.   Much of  the  required  infrastructure
including roads, power, water, leach tanks, tailings dams is  already
in place and  this augers well  for the low  capex / short  timeframe
model.  The Company  has now embarked  on a scoping  study to  better
define the viability of such  an operation together with the  capital
expenditure requirements and operating parameters. Should this  study
confirm management's  initial assessment,  the Company  would aim  to
establish  operations  as  quickly  as  possible  with  the  aim   of
generating cash flow  with which to  progress feasibility studies  in
relation to the Company's wider gold assets.

Enquiries:


+---------------------------------------------------------------------+
|African Consolidated    |        |                                   |
|Resources plc           |        |                                   |
|Andrew Cranswick        |+44 7920|[e-mail]             |
|Roy Tucker              |189010  |[e-mail]  |
|                        |+44 1622|                                   |
|                        |816918 /|                                   |
|                        |+44 7920|                                   |
|                        |189012  |                                   |
|------------------------+--------+-----------------------------------|
|Ambrian Partners Limited|        |                                   |
|Richard Brown           |+44 20  |[e-mail]          |
|Richard Greenfield      |7634    |[e-mail]     |
|                        |4700    |                                   |
|                        |        |                                   |
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