Vancouver, British Columbia....American Consolidated Minerals Corp. (the "Company") announces that it has arranged a $500,000 non-brokered private placement to be conducted under the TSX Venture Exchange's "Temporary Relief Measures". The private placement will be in the form of a Unit Offering whereby the Company proposes to issue approximately 16,666,666 Units priced at $0.03 per Unit. Each Unit will consist of one common share of the Company and one share purchase warrant (a "Warrant") with each Warrant entitling the holder to acquire an additional common share of the Company at $0.05 per share in year one, and $0.10 per share in year two.

Finder's fees may be payable in cash or common shares of the Company in accordance with Exchange policies. The private placement is subject to regulatory approval.

The proceeds of the private placement will be applied towards outstanding payables and payments allowed by the Exchange under its policies.

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 "Robert Sibthorpe"
Robert Sibthorpe, President, CEO & 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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