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Vancouver, British Columbia…American Consolidated Minerals Corp. (the “Company”) announces that it has arranged a non-brokered private placement of up to 10,000,000 units (the “Units”) at a price of $0.15 per Unit, for gross proceeds of up to $1,500,000.

Each Unit will consist of one common share of the Company and one share purchase warrant (a “Warrant”) with each Warrant entitling the holder thereof to acquire an additional common share of the Company for a period of two years at a price of $0.30 per share.

In addition to working capital, the net proceeds of the private placement will be used for further exploration on the Company’s Nevada properties, with particular focus on the Toiyabe project.

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 Exchange acceptance. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.

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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