AJC

American Consolidated Minerals Corporation (the "Company") (TSX VENTURE:AJC)
contracted Paul D. Noland (B.Sc.) to prepare an updated 43-101 compliant
technical report on its Toiyabe Project, located 12 miles south of the Pipeline
Mine in northeastern Nevada. This soon to be released report contains an
"Indicated Mineral Resource" for Toiyabe of 4.97 M tons grading 0.035 ounces
gold per ton (oz/ton) for a contained resource of 174,291 ounces of gold. Most
of the resource is shallow and remains open ended along strike and down dip.


Toiyabe Resource Summary



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Cut-off Grade                             Gold Grade
(oz/ton Au)         Short Tons               (oz/ton)         Contained Gold
----------------------------------------------------------------------------
0.01                 4,975,000                 0.035                 174,291
----------------------------------------------------------------------------



The resource is mainly confined to a set of sub-parallel structures cutting both
upper and lower plate rocks and having a drilled strike length of 2000 feet.
These structures had been targets of past exploration and benefited greatly from
recent infill drilling completed by the Company. The recent drilling efforts
provided continuity of mineralization along strike and down dip. During the
recent drilling campaigns, additional mineralized structures were identified
when Noland relogged numerous drill holes and reinterpreted the stratigraphy.
The reinterpretation of stratigraphy suggests deeper angle drilling should test
the intersection of major graben structures where they intersect the Roberts
Mountain Formation and other carbonate-rich host rocks of the area. These
mineralized structures are recommended for future testing in the NI 43-101
report.


The resource area comprises a small portion of the entire Toiyabe property. The
project area contains five additional targets defined by geology, geochemical
and geophysical surveys, and drilling.


The Toiyabe resource was calculated from 159 relatively shallow drill holes
using a cross section-polygonal method. A cut-off of 0.01 opt Au was used for
the calculations. The polygons were restricted by geology to structural zones.
Calculations were conducted by Paul D. Noland (BS), who also authored the
updated Technical Report.


This resource estimate is NI 43-101 compliant and adheres to CIM Definition
Standards for Mineral Resources. Silver was not included in this resource
because of its minimal impact to the economics of the project.


Richard Kern (P.Geo), a director of American Consolidated Minerals, is the
Company's qualified person on the project. Richard Kern and Paul Noland have
prepared the technical information contained in this press release.


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:

Robert Eadie, President & Chief Executive Officer

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