Vancouver, B.C. - American Consolidated Minerals Corp. (the "Company") announces that the Board of Directors has approved a resolution consolidating the Company's share capital on the basis of every ten shares of the Company being consolidated to one share, or to such consolidation ratio as may be acceptable to the regulatory authorities and approved by the directors of the Company. Currently, the Company's authorized share capital is an unlimited number of common shares without par value, of which 121,557,428 shares are issued and outstanding, with a further 10,800,000 shares reserved for issuance upon the exercise of existing stock options.

The Board of Directors believes that the share consolidation will provide the Company with greater flexibility in pursuing its plans to advance its mineral exploration projects and to conclude financings required by the Company.

The Company does not intend to undergo a name change in conjunction with the proposed consolidation. Upon completion of the share consolidation, it is expected that on the basis of a 10:1 share consolidation, there will be approximately 12,155,743 common shares issued and outstanding, subject to shares being issued pursuant to existing stock options prior to the effective date of the consolidation and subject to adjustment for fractional shares.

The Company has cancelled a proposed private placement under the TSX Venture Exchange's "Temporary Relief Measures" as previously announced in the Company's press releases of June 10 and August 1, 2013.

The proposed share consolidation is subject to TSX Venture Exchange acceptance.

American Consolidated is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist.

For details on the Company and its properties, visit the Company's website at www.americanconsolidatedminerals.com.

ON BEHALF OF THE BOARD
Signed "Gary Arca"
Gary Arca, CFO, Corporate Secretary & Director

For further information, please contact Al Fabbro.
Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935
Facsimile: 1-604-602-4936 / Website: www.americanconsolidatedminerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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