Director Share Options

African Consolidated Resources Plc
18 October 2007



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



                             Director Share Options



ACR announces that it has extended the exercise period in respect of 2,500,000
options currently held by Michael Kellow, Technical Director to 31st December
2010. The options, originally granted in September 2005 in two equal amounts and
exercisable at 4.5p from March 2006 and April 2007 respectively, were to be
exercised by 14th October 2007. When initially granted, the Board of ACR
undertook to Mr Kellow that the options could be extended at the discretion of
the board of directors, at any time up until 31st December 2010. As was intended
from the outset, this discretion has now been applied. Mr Kellow is the holder
of a further 1,650,000 options granted upon flotation of ACR exercisable at
various dates up until June 2011.



Enquiries:


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

Ambrian Partners Limited
Richard Brown                                        [phone]








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