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African Consolidated Resources Plc : Appointment of Non-executive Director and Director's Dealings

African Consolidated Resources Plc : Appointment of Non-executive Director and
                             Director's Dealings

   African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector:
                                    Mining

24 April 2013

         African Consolidated Resources plc ('ACR' or 'the Company')
        Appointment of Non-executive Director and Director's Dealings

African Consolidated  Resources  plc,  the  AIM  listed  resource  development 
company, is pleased  to announce  the appointment  of Mr.  Neville Nicolau  as 
Non-executive Director with immediate effect. Mr. Nicolau, who most  recently 
held the  position  of Chief  Executive  Officer of  Anglo  American  Platinum 
Limited ('Amplats'), the world's  largest platinum producer, brings  extensive 
operational experience to the Board as it furthers its strategy of becoming  a 
mid-tier multi-commodity development and mining company.

Mr. Nicolau, who  has a degree  in Mining Engineering  from the University  of 
Johannesburg and an MBA  from the University  of Cape Town,  has had a  career 
spanning 34 years in the mining industry. Having held high profile  positions 
in international  mining  companies  including Anglo  American  and  AngloGold 
Ashanti, Mr. Nicolau has managed the development of numerous production assets
across many  jurisdictions in  Africa, South  America, the  United States  and 
Australia. 

In his most recent role as Chief Executive Officer of Amplats, Mr. Nicolau was
responsible for the production of approximately 40% of the world's newly mined
platinum. Through his position on  the Executive Committee of Anglo  American 
plc, Mr. Nicolau was also instrumental in the development of numerous projects
in diverse asset  classes across  the globe.  As Chief  Operating Officer  of 
AngloGold Ashanti,  the world's  third largest  gold producer  with an  annual 
production of  around 5.5  million  ounces, Mr.  Nicolau was  responsible  for 
operations worldwide. 

ACR  Chief  Executive  Officer  Craig  Hutton  said,  "Neville  is  a   highly 
experienced and respected mining professional, who brings an enormous  breadth 
of knowledge to the  ACR team at  this critical time in  our evolution into  a 
development and mining company. His previous incarnations as Chief  Executive 
Officer of Anglo American  Platinum and Chief  Operating Officer of  AngloGold 
Ashanti give him  an exceptional insight  into the development  of a  resource 
company, and we  hope to use  this to  leverage our position  into a  mid-tier 
multi-commodity production  company.  In  addition  to  providing  invaluable 
operational expertise,  Neville's strong  network  of contacts  with  industry 
leaders will also  be highly significant  as we look  to expand ACR's  mineral 
footprint, acquiring additional quality assets through which to generate value
for our shareholders." 

Director Dealings

Pursuant to Mr. Nicolau's appointment  as Non-executive Director, the  Company 
has awarded, on 24  April 2013, 2,000,000 options  over ordinary shares of  1p 
each in the capital  of the Company ('Options')  to Mr. Nicolau. The  Options 
are exercisable at any time  until 31 March 2016 at  a price of 4 pence  each, 
conditional upon  Mr  Nicolau's continued  employment  as a  director  of  the 
Company to 31 December 2014.

Regulatory Information

Neville Francis Nicolau, aged  53, currently holds or  has held the  following 
directorships and partnerships in the last five years:

Current Directorships        Directorships held in the last five years
n/a                   Anglo American Platinum Limited
                      Anglo American South Africa Limited
                      Anglo Platinum Management Services (Proprietary) Limited
                      Rustenburg Platinum Mines Limited

There are no  further disclosures to  be made in  relation to Neville  Nicolau 
pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.

                                   **ENDS**

For further information visit www.acrplc.com or please contact:

Roy Tucker   African Consolidated Resources plc  +44 (0) 1622 816918

+44 (0) 7920 189012

Craig Hutton   African Consolidated Resources plc  +27 (0) 716 796 933

Andrew Godber  Panmure Gordon (UK) Limited   +44 (0) 207 886 2500

Callum Stewart   Panmure Gordon (UK) Limited   +44 (0) 207 886 2500

Adam James   Panmure Gordon (UK) Limited   +44 (0) 207 886 2500

Susie Geliher   St Brides Media & Finance Ltd   +44 (0) 20 7236 1177

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Source: African Consolidated Resources Plc via Thomson Reuters ONE
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