AJC

American Consolidated Minerals Corporation (TSX VENTURE:AJC) (the "Company") is
pleased to announce the commencement of its 2010 exploration program on both the
Toiyabe Project located in the Battle-Mountain Cortez Trend, Nevada and the Lone
Ranch Project within the Republic Graben in Ferry County, Washington (see news
release of April 12, 2010).


At Toiyabe, a program of detailed geological mapping, geochemistry and
geophysics has begun. An initial drill program of six deep diamond drill holes
is underway to test for the source of the Company's near surface indicated
mineral resource of 174,000 ounces of gold grading 0.0349 oz/t (Technical
Report, 'Summary Report and Mineral Resource', Paul D. Noland, May 27, 2009).
This small, low-grade deposit may be considered a leakage anomaly that could
have derived from a superior gold deposit at depth (postulated at perhaps
approximately 1,500 feet (490 meters) below surface).


These holes are being pre-collared by a reverse circulation drill rig to
approximately 800 feet (244 meters) and then completed by diamond drilling. The
average depth of these holes will be 1500 feet (492 meters) with at least one
hole targeted to at least 2000 feet (656 meters). The first two holes being
drilled are following up drill hole T-0902, drilled last November, which
penetrated the "805 Fault" at a depth of 875-924 feet (287-303 meters) and
averaged 0.106 oz/t gold over 49 feet (15 meters). The diamond drill, which was
scheduled to be on the property by the end of this week, has been delayed and
should arrive by the second week in June. Total budget for this phase of the
exploration program at Toiyabe is $650,000.


The 805 fault separates a graben block to the west from a horst block to the
east. The horst block correlates well with a resistivity anomaly that trends
3,000 feet (900 meters) to the northwest and is thought to be produced by
alteration. Deep holes will be drilled on both sides of the 805 fault to test
for sediment hosted mineralization along this hypothesized feeder structure.
Further drilling will then test along trend to the northwest.


Depending on weather conditions at Lone Ranch, a 21 hole drill program is
planned to commence in early June. The property covers a volcanogenic massive
sulfide (VMS) system that can be traced on surface for over five miles (eight
kilometers) in length. This property is fully permitted and a diamond drill has
been contracted. The drilling will test four significant geophysical anomalies
on the property of which only one, the Adit Target, has seen limited drill
testing. In past years, gold values were identified on the Adit Target in
surface sampling and drilling conducted by majors such as Cyprus and Kennecott.
Here, the mineralized system is believed to be a type of VMS based on geologic
mapping and drilling.


Separately, the North Forty Target measures approximately 6,560 feet by 3,280
feet (2,000 meters by 1,000 meters). This geophysical anomaly is four times
stronger than the Adit Target and will receive the bulk of the diamond drilling
(15 holes), with other targets receiving the remaining six holes. All targets
have been determined to be relatively shallow, based on the geophysical
responses. The holes are expected to average 250 feet to 300 feet (76 to 91
meters) in depth. A total of approximately 6,000 feet (1,829 meters) will be
drilled. The budget for the Lone Ranch program is $250,000.


The Company has a strong working capital position of $1.8 million, particularly
as a result of the recent exercise of a significant number of warrants. Both the
Toiyabe and the Lone Ranch exploration programs can be rapidly accelerated,
assuming results dictate, without the need for further financings in the
intermediate term.


Richard Kern (P. Geol.), a director of American Consolidated Minerals
Corporation, is the Company's qualified person on these projects. Mr. Kern
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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