INM

American Consolidated Minerals Corporation ("ACM" or the "Company") (TSX
VENTURE:AJC) is pleased to announce it has entered into an agreement with
Sparton Resources Inc. ("Sparton") (TSX VENTURE:SRI) for the acquisition of
Sparton's 50% interest in the 500-hectare Sierra Rosario Property ("Sierra
Rosario"), located in the state of Sinaloa, Mexico (the "Acquisition"). Sparton
currently holds a 51% interest in Sierra Rosario in a Joint Venture with
International Northair Mines Ltd. ("INM") (TSX VENTURE:INM) which owns the
remaining 49%. Sparton will transfer a 1% interest in Sierra Rosario to INM
concurrently with the closing of the first payment and share issuance from ACM
to Sparton, as outlined below.


Under the terms of the agreement, the Company will have a 45-day period to
conduct a due diligence study on Sierra Rosario, and upon giving Sparton notice
to proceed with the Acquisition, American Consolidated will acquire the 50%
right, title and interest in and to Sierra Rosario by:




1.  Paying to Sparton $250,000 ($10,000 upon signing and non-refundable)
    and, subject to acceptance of the agreement by the TSX Venture Exchange
    (the "Exchange"), issuing to Sparton 250,000 common shares of the
    Company; and 

2.  Paying to Sparton an additional $250,000 and issuing to Sparton a
    further 250,000 shares of the Company on the first anniversary date of
    Exchange acceptance. 



Sparton will receive Net Smelter Return Production Royalties payable from ACM's
share of production of:




i.  3% of ACM's share of Base Metal Production 

ii. 2% of ACM's share of Gold Production 

iii.1.5% of ACM's share of Silver Production 



ACM will assume the responsibilities of a 50% partner in the joint venture with
INM and be subject to the existing joint venture terms. INM will become operator
of the joint venture upon closing of the Acquisition.


The Sierra Rosario Property was explored by Sparton and INM over a four year
period from 2004-2008. It lies within the Sierra Madre Occidental Mineral Belt
of Sinaloa Province in Northern Mexico, approximately 25 kilometres northwest of
the town of Choix and 40 kilometres east of the town of Alamos. Both areas have
a strong history of precious metals mining.


Included in the multiple precious metals targets at Sierra Rosario are
epithermal gold veins hosted by Tertiary volcanic rocks, disseminated silver and
gold in an altered rhyolite porphyry intrusive, in addition to base and precious
metals hosted replacement bodies (mantos) within Cretaceous limestone. 


This underexplored area includes a minimum of 175 placer workings in various
drainages throughout the project area. At the present time, the source of the
gold in many of the drainages is unknown, leading to the potential of multiple
discoveries on the property.


Previous drilling of the Josca vein system in the south end of the property
suggested limited potential. However, road building for the proposed drilling
program in 2011 has been extended and opened up access to the northern section
of Sierra Rosario which hosts the potentially bulk mineable zones of precious
metals.


Exploration of the San Rafael zone in the north part of Sierra Rosario has
defined a 70-by-200 meter area of silicified and stockwork quartz veined
rhyolite porphyry. This mineralized body has been sampled both underground and
within road cuts. The initial sampling of underground workings and outcrops
included 23 samples with average weights of 2.5 kg and ranged from three to
seven metres in width, averaging five metres in width. An arithmetic average for
the 23 samples worked out to 181 g/t silver and 0.32 g/t gold. In 2008, channel
sampling along road cuts totaled 321 samples with continuous sampling along
three meter intervals. Two continuous channel samples included 34.8 metres of
192 g/t silver and 27 metres of 91.8 g/t silver. 


As well, several small underground mines, including La Descubriadora and Dulces
Nombres, were discovered east of San Rafael during the work program. Both host
manto-skarn base and precious metal mineralization. At Dulces Nombres, 35 chip
samples from 1.5 to 3.0 metres in length averaged 0.71g/t gold, 263 g/t silver
and 0.35% copper. At La Descubriadora, 19 chip samples of similar size taken
underground averaged 0.40g/t gold and 83.7 g/t silver. 


There has been no drilling documented for any of these mineralized occurrences
in the northern part of Sierra Rosario.


ACM and INM will meet to design a joint exploration program for the 2011
exploration season after the notice to proceed is given to Sparton, the details
of which will be publicly announced once the planning is completed and approved.


"The Sierra Rosario Property in Mexico is drill-ready and may host a
bulk-tonnage mineable silver-gold deposit," said American Consolidated Minerals
President, Al Fabbro. "In addition, there are several attractive polymetallic
targets within the property that warrant further investigation. Furthermore, we
are excited to be working with International Northair Mines as operator of the
project that has proven and successful exploration experience in Mexico."


A. Lee Barker, P.Eng., P. Geo., President and CEO of Sparton Resources Inc., is
the Qualified Person under National Instrument 43-101 for the Sierra Rosario
project. Mr. Barker has prepared the technical information contained in this
news 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

Al Fabbro, President

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