AJC

American Consolidated Minerals Corp. (TSX VENTURE:AJC) (the "Company") has
received assay results for deep core drilling at its Toiyabe Project, located 12
miles south of the Pipeline Mine in northeastern Nevada.


The program was designed to target favorable host rocks in the hanging wall and
footwall of the "805 Fault", a previously identified feeder structure. Drill
hole T-1002BC intersected 60 feet (48.0 ft. or 14.6 m true width) averaging
0.059 oz/ton gold (2.03 g/t) from 973 to 1,033 feet (297 to 315 m). Included
within this interval is 15 feet (12.0 ft. or 3.7 m true width) of 0.149 oz/ton
gold (5.11 g/t). This intercept has been interpreted as the 805 Fault giving the
feeder structure a shallower dip (60 degrees versus 75 degrees). This makes the
hanging wall of the 805 Fault the primary target for future drilling along this
structure. Drilling results and their combination with a new interpretation of
the structural fabric of the area derived from geologic mapping and geophysics
have produced a greatly expanded target area. 


After a difficult and time-consuming effort which included three lost or
abandoned holes, the Company was able to drill T-1001BC to 2,187 feet. Although
detailed logging and whole rock geochemistry is ongoing, preliminary logging
indicates a thick section of host rocks suitable to host "Pipeline style
mineralization". Three low-grade sediment hosted intersections were made in the
upper 610 feet (186 m) of the hole (see summary drilling results below). From
1,045 feet (318 m) to 1,100 feet (335 m) a fault zone was intersected containing
anomalous gold values. It was not until T-1002BC was drilled and results
received that it was determined that this fault is the 805 structure. Therefore,
T-1001BC did not test the hanging wall of the 805 fault below 1,045 feet and
drilled away from the structure into barren rock.


T-1002A, a Reverse Circulation pre-collar hole deviated from the planned
vertical angle and was abandoned. This hole and T-1002BC are approximately 100
feet (30 m) apart at a depth of 600 feet (183 m). Above 650 feet (210 m), the
two holes have similar intercepts of sediment hosted gold mineralization. Hole
T-1002A intersected 40 feet (36 ft. or 11.0 m true width) averaging 0.054 oz/ton
gold (1.85 g/t) between 610 and 650 feet (186 to 198 m), while in T-1002BC there
was a 20 foot intersection, between 625 and 645 feet (190 to 196 m) of 0.046
oz/ton (1.57 g/t) This indicates significant potential to add open-pit ounces to
the present resource (Indicated mineral resource of 173,562 ounces gold).


Drill hole T-1002BC, although designed to be drilled nearby but entirely within
the footwall of the 805 Fault, crossed the fault between 973 and 1,033 feet (297
to 315 m). This was not recognized until later and the hole was continued to a
total depth of 1,560 feet (475 m). The 805 Fault, previously thought to dip 75
degrees to the southwest is now believed to dip no more than 60 degrees. This
moves the surface trace of the 805 Fault to the northeast and indicates the
strong potential for mineralization in the hanging wall of this structure for
several hundred feet to the southwest of the fault trace.


All results for intercepts of greater than or equal to 5 feet @ greater than or
equal to 0.01 oz/ton gold (0.34 g/t) are listed below and a map of drill hole
locations and new targets is posted on the company website.




----------------------------------------------------------------------------
 Toiyabe Summary Drilling Results (greater than or equal to 5 feet @ greater
                      than or equal to 0.01 oz/ton Gold)                    
----------------------------------------------------------------------------
                      Inter- True                   True               Tar-
          From    To    val   Wid-   Gold  Silver  Width  Gold Silver  get
Hole No. (feet)(feet) (feet)   th (oz/ton)(oz/ton)    (m) (g/t)  (g/t) Area
----------------------------------------------------------------------------
T-1001BC   185   205     20  18.0   0.013    0.02    5.5  0.43   0.57  805
           450   455      5   4.5   0.015    less    1.4  0.52   less  Fault
                                             than                than      
                                             0.01                 .50      
           595   610     15  13.5   0.011    0.05    4.1  0.38   1.57      
          1055  1065     10   8.0   0.014    0.03    2.4  0.49   0.90      
----------------------------------------------------------------------------
T-1002A    315   335     20  18.0   0.016    0.02    5.5  0.54   0.75  805 
           365   370      5   4.5   0.013    0.04    1.4  0.44   1.30  Fault
           545   585     40  36.0   0.023    0.01   11.0  0.78   0.31      
           610   650     40  36.0   0.054    0.02   11.0  1.85   0.58      
----------------------------------------------------------------------------
T-1002BC   335   365     30  27.0   0.034    less    8.2  1.16   less  805 
                                             than                than  Fault
                                             0.01                 .50 
Including  335   340      5   4.5   0.129    0.02    1.4  4.42   0.70      
           380   390     10   9.0   0.012    less    2.7  0.42   less      
                                             than                than      
                                             0.01                 .50 
           450   460     10   9.0   0.011    0.03    2.7  0.36   1.15      
           555   565     10   9.0   0.013    0.02    2.7  0.43   0.60      
           625   645     20  18.0   0.046    0.02    5.5  1.57   0.68      
           973  1033     60  48.0   0.059    0.05   14.6  2.03   1.83      
Including 1003  1018     15  12.0   0.149    0.06    3.7  5.11   2.03      
          1175  1190     15  12.0   0.016    0.01    3.7  0.54   0.23      
----------------------------------------------------------------------------



An interpretation of the structure of the Courtney area has been developed using
geophysics, drilling and recent geological mapping. These studies indicate a
series of northwest trending faults offset by at least four northeast trending
structures. The recognition of these offsets has developed favorable portions of
the northwest trending structures to be tested by drilling, particularly at the
intersections with the northeast offsetting faults. A 3-4 hole reverse
circulation drill program is being designed to test these intersections and to
begin testing a strong geophysical anomaly to the northwest. This program is
expected to be completed by year-end. 


The current geophysical coverage has been extended to the southeast and results
are expected shortly. Once all the data has been compiled an extensive
exploration program will be designed for the 2011 work season.


Environmental permitting of a large drilling program will be initiated during
the winter months. The Company plans to complete a Plan of Operation (POO) with
the Bureau of Land Management (BLM) in Nevada that will allow exploration of a
much larger portion of the property. 


"With the results of the drill program conducted at Toiyabe this season, we are
poised to move aggressively to the next step of our exploration efforts," stated
Al Fabbro, President of the Company. "We have made great strides in advancing
our geological understanding of this gold property and fully expect that the
next phase of exploration will demonstrate the full potential at Toiyabe."


Richard Kern (P.Geo), a director of American Consolidated Minerals Corp, is the
Company's Qualified Person on the project. Mr. Kern 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 more information on the Company and its properties please visit the
Company's website at www.americanconsolidatedminerals.com.


ON BEHALF OF THE BOARD:

Al Fabbro, President & Director

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