Related Party Transactions

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

                     Related Party Transactions

As summarised in the Company's annual report for the 13 months ended
31 March 2009, published on 31 July 2009, the Company has entered
into the following transactions with its Chief Executive Officer,
Andrew Cranswick which, when aggregated for the 12 month period to 31
March 2009, require disclosure as related party transactions pursuant
to the AIM Rules for Companies.

Transaction 1

Canape Investments (Private) Limited, a wholly owned subsidiary of
the Company, has an ongoing agreement with FG Investments (Private)
Limited, a company in which Andrew Cranswick has a 50 per cent.
interest, for the provision of rented office accommodation. In
January 2009 the rental charge for this accommodation was increased
to US$3,000 per month.

Transaction 2

Canape Investments (Private) Limited purchased three commercial
vehicles for £29,789 from Andrew Cranswick between April 2008 and
March 2009.

Transaction 3

The Company incurred expenditure of £35,793 in December 2008 for
aeromagnetic survey services with Aeromags.com, a company in which
Andrew Cranswick and Michael Kellow each hold an interest of 20 per
cent.

The Board of ACR (excluding Andrew Cranswick) having consulted with
Ambrian Partners Limited, the Company's Nominated Adviser, considers
that the terms of Transaction 1 and Transaction 2 are fair and
reasonable insofar as the Company's shareholders are concerned.

The Board of ACR (excluding Andrew Cranswick and Michael Kellow who
each have an interest in Transaction 3), having consulted with
Ambrian Partners Limited, the Company's Nominated Adviser, considers
that the terms of Transaction 3 are fair and reasonable insofar as
the Company's shareholders are concerned.

Enquiries:


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

Ambrian Partners Limited
Richard Greenfield                 [phone]

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