Amendment of Share Option Plan

African Consolidated Resources plc ('ACR' or 'the Company')
                         Amendment of Share Option Plan

African  Consolidated  Resources  plc,  the  AIM listed resource and development
company   focussed   in   Zimbabwe,   announces  that  the  Board,  following  a
recommendation  from  the  Remuneration  Committee,  has  resolved to extend the
exercise  date for  the 2,500,000 options  held by  Mike Kellow (the "Options"),
exercisable at 4.5p per share, from 31 December 2010 to 29 June 2011.  All other
terms concerning the Options remain unchanged.
This  brings  the  Options  in  line  with  all other share options held by Mike
Kellow, the rest of the Board and Senior Executives.
                                    **ENDS**

Andrew Cranswick             African Consolidated Resources [phone]
                             plc

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

Richard  Swindells           Ambrian Partners Limited       [phone]


Jen Boorer                   Ambrian Partners Limited       [phone]

Susie Geliher                St Brides Media & Finance Ltd  [phone]







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Source: African Consolidated Resources Plc via Thomson Reuters ONE

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