Acquisition of Diamond Database

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


                   Acquisition of Diamond Database


African Consolidated  Resources  plc, the  Zimbabwe  focused  mineral
exploration company is pleased to  announce that it has acquired  the
entire share  capital of  M Ltd,  a private  company whose  principal
assets are a database related  to diamonds together with a  warehouse
of physical  concentrate  samples  constituting  the  source  of  the
database. The database includes data related to suspected kimberlites
covering significant areas of Zimbabwe.

In consideration for the acquisition of M Ltd, the Company has issued
1,250,000 new ordinary shares of  1p each in the Company  ('Shares').
The Shares issued are escrowed and cannot be sold for 12 months.

Application has  been made  to the  AIM Market  of the  London  Stock
Exchange ('AIM') for 1,250,000  Shares to be  admitted to trading  on
AIM ('Admission'). Admission is expected to occur at 8:00 a.m. on  25
September 2008.


Enquiries:


+-------------------------------------------------------------------+
| African Consolidated Resources plc |                              |
| Andrew Cranswick                   | [phone]              |
| Roy Tucker                         | [phone] / +44 7920   |
|                                    | 189012                       |
|------------------------------------+------------------------------|
| Ambrian Partners Limited           |                              |
| Richard Brown                      | [phone]             |
| Richard Greenfield                 |                              |
|                                    |                              |
|                                    |                              |
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