Technical Update

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

                  Technical Update, 1 December 2009


African Consolidated Resources Plc is pleased to announce a  detailed
technical update in respect of  further work carried out since  ACR's
last  technical  report  of  23   February  2009  at  the   Company's
Pickstone-Peerless  gold  project,  Gadzema  Belt  gold  exploration,
Chrishanya  phosphate  project  and  Cedric  copper  project.    This
technical update,  including maps  and  technical diagrams,  will  be
available to download from the Company's website: www.acrplc.com

Work since the publication of the Company's last technical report has
focussed on progressing  the Peerless  Sulphide dumps  and oxide  pit
further  towards   production,   on   RAB   drilling   and   improved
understanding of gold mineralisation models in the Gadzema belt,  and
on delineation  of  the  Chishanya rock  phosphate  deposit.  Surface
mapping and  pitting has  also defined  drill targets  at the  Cedric
copper project.


Pickstone-Peerless Gold Project

In parallel with the engineering development of the Peerless sulphide
dump treatment project, shallow  infill  RC drilling was carried  out
on the  oxide cap  over the  historic Peerless  mine to  obtain  bulk
samples for metallurgical  and grind  index testing,  and to  improve
confidence in the oxide JORC Resource.

Previous  work  on  the  Peerless  oxide  cap  has  shown  good  gold
recoveries (85-96%), and 2004 estimates by SRK consultants reported a
JORC Resource of 56,000 oz Au at 2.5 g/t (comprising 25,600 oz at 3.7
g/t Inferred, and 30,400 oz at 2.0 g/t Indicated) within the Peerless
oxide zone.  ACR completed 18  RC holes in September 2009,  totalling
826m, infilling existing drill lines on generally 30m linespacing.

All recent drill  assays are  now to  hand and  orebody modelling  by
independent consultants incorporating  the new  assays will  commence
immediately.

Due to  the  relatively  permeable  host rock,  the  oxide  zone  was
observed to be well  developed to between 30m  and 40m depth in  most
cases.  Extractive  test  work  will  also  be  carried  out  on  the
transitional ore beneath  the oxide  cap to  determine recoveries  at
deeper levels.

Significant intercepts* from the September '09 drilling include;


+--------------------------------------------------------------------------+
|           |        |         |       |           |         Depth         |
|-----------+--------+---------+-------+-----------+-----------------------|
|  Hole ID  | E UTM  |  N UTM  | Grade | Thickness |  From (m  |   To (m   |
|           |        |         | (g/t) |    (m)    | downhole) | downhole) |
|-----------+--------+---------+-------+-----------+-----------+-----------|
| PERC 100  | 204215 | 7975607 | 4.12  |    37     |     7     |    44     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
|  PERC 96  | 203976 | 7975599 |  2.9  |    24     |    12     |    36     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
| Including |        |         |  4.4  |    14     |    12     |    26     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
|  PERC99   | 204773 | 7975609 |  1.8  |    16     |    30     |    46     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
|  PERC98   | 204034 | 7975614 | 10.8  |    12     |    34     |    46     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
|  PERC97   | 204006 | 7975614 |  2.3  |    11     |    29     |    40     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
|  PERC95   | 203910 | 7975595 |  4.4  |     9     |    23     |    32     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
|  PERC91   | 203801 | 7975585 |  5.8  |     5     |    19     |    24     |
|-----------+--------+---------+-------+-----------+-----------+-----------|
|  PERC90   | 203770 | 7975575 |  2.0  |     6     |     7     |    13     |
+--------------------------------------------------------------------------+

* Intercepts calculated  at 0.5  g/t lower  cutoff, no  top cut,  and
include up to 2m of internal waste.
Assays are  by Fire  Assay method  (Antech Laboratories)  at 1  metre
intervals, with 10% ISO-accredited standards inserted for QAQC.


As expected, thick oxide intercepts were encountered in the "Big Pit"
zone in the centre  of the trend, where  the steeply dipping  primary
lodes are  particularly  well  developed.  In  general  the  drilling
confirmed earlier mineralisation models.

As announced on 4 November 2009, ACR has concluded a contract with
subsidiaries of TWP Holdings Limited ('TWP') for the production of
gold from its sulphide concentrate dump at Pickstone.  As previously
reported, the sulphide concentrate dump contains an estimated
resource of 28,300oz Au (200,000 tonnes at 4.4g/t).  Production is
planned to commence in April or May 2010 and achieve full production
in June 2010, with a throughput of 20,000 tonnes per month.  On the
basis of a targeted recovery rate of 73% and allowing for further
possible processing losses of up to 10%, targeted production is
estimated to be approximately 1,815oz per month.


Gadzema Belt Gold exploration

Exploration since  the publication  of the  Company's last  technical
report has focussed on the 5  km strike length of claims between  the
Giant  Mine  and  the  highly  encouraging  stockwork  mineralisation
discovered at the Blue Rock prospect last year.

ACR has carried out  detailed mapping using high-resolution  airborne
aeromagnetics and radiometrics flown late last year. The radiometrics
in particular  have proved  extremely useful  in mapping  the  felsic
intrusive  rocks  that   host  the   wide  stockwork   mineralisation
discovered at Blue Rock.  This improved geological understanding  has
allowed accurate  RAB  drill  testing  of  the  felsic  units  to  be
undertaken in the last [three months].

A total of 161 RAB  drillholes totalling approx 2400m were  completed
in the period. Best  results were along  a parallel structural  trend
about 1 km NNE of Blue Rock. Significant intercepts include;



+-------------------------------------------------------------------+
|         |           |              |            Depth             |
|---------+-----------+--------------+------------------------------|
| Hole ID |   Grade   |  Thickness   |    From (m    |    To (m     |
|         |   (g/t)   |     (m)      |   downhole)   |  downhole)   |
|---------+-----------+--------------+---------------+--------------|
|  BRRA   |    3.4    |      12      |       3       |      15      |
|   342   |           |              |               |              |
|---------+-----------+--------------+---------------+--------------|
|  BRRA   |    5.8    |      9       |    Surface    |      9       |
|   343   |           |              |               |              |
|---------+-----------+--------------+---------------+--------------|
|  BRRA   |    1.3    |      9       |       3       |      12      |
|   345   |           |              |               |              |
+-------------------------------------------------------------------+

* Intercepts calculated  at 0.5  g/t lower  cutoff, no  top cut,  and
include up to 3m of interna