AJC

American Consolidated Minerals Corp. (TSX VENTURE:AJC) (the "Company") is pleased to announce initial work is underway in preparation for an extensive exploration program at its Sierra Rosario silver/gold Property, located in the state of Sinaloa, Mexico (see news release dated May 11, 2011).

The Company, along with its 50% operating partner, International Northair Mines Ltd. (TSX VENTURE:INM) ("Northair"), is preparing to conduct an exploration program at Sierra Rosario that will focus on the San Rafael Zone, as well as a number of associated attractive silver and gold targets on the property. This major exploration program is scheduled to begin in January 2012 and will include geological mapping, sampling, trenching and geophysics in order to establish drill targets.

"We're excited to get the project underway at Sierra Rosario," stated Al Fabbro, President of American Consolidated Minerals. "The San Rafael Zone is an excellent drill target and represents the type of bulk minable potential that drives shareholder value."

Sierra Rosario Property

The Sierra Rosario Property was staked by Northair to cover the San Rafael gossan and a significant number of placer gold occurrences in numerous small drainages in the northern portion of the project area (to view a map click on: http://www.internationalnorthair.com/i/maps/2011-11-15-SierraRosarioMineralizedZones.jpg). Initial sampling of the San Rafael Zone by Northair returned an average value of 181 g/t silver and 0.32 g/t gold from 23 chip channel samples averaging 5 metres in length from quartz stockwork within a rhyolite porphyry.

Initial exploration was focused on the southern area of the concession, but later included construction of the first road access to the San Rafael Zone. Sampling completed along the road cuts in the San Rafael Zone included an additional 321 continuous channel samples along 3 meter sample lengths. In this area, two continuous channel samples measuring 34.8 meters and 27 meters in length averaged 192 g/t silver and 91.8 g/t silver, respectively - reinforcing the bulk minable potential of the zone.

During the exploration program at the San Rafael Zone, Northair discovered two small historical underground mines to the east which host manto-skarn base and precious metal mineralization. At the Dulces Nombres target, 35 underground 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 the La Descubriadora target, 19 chip samples of similar size, taken underground, averaged 0.40 g/t gold and 83.7 g/t silver. These discoveries provide significant upside exploration potential at Sierra Rosario, in addition to the prime San Rafael Zone target.

History

Mineral exploration in the Sierra Madre Occidental dates from Spanish times. In the Sierra Rosario region, early small-scale mining for silver, gold and copper may date from the late 19th or early 20th century. At Sierra Rosario, significant prospects with evidence of prior artisanal workings include limited underground developments in the southern part of the claim and small pits, adits and dumps in the northern part. Also, there are dozens of small, alluvial gold pits in drainages within and outside the southern part of the Property.

Targets

The Sierra Rosario Property hosts a number of gold-silver +/- copper vein and/or fracture-controlled prospects typical of many precious and base-metal deposits in the prolific Sierra Madre Occidental mineral belt of western Mexico.

San Rafael, a silver-gold epithermal occurrence in the northern part of the claims, is the principal prospect. It consists of a zone of faults, fractures, veins and local quartz stockworks covering an area of some 120 by 70 metres within a small exposed stock of altered granodiorite porphyry. Historical trench samples contain up to 192 g/t silver over 34.8 m and 0.22 grams/metric ton (g/t) gold.

The technical content of this press release has been reviewed by Fred Hewett, President and CEO of Northair, the Company's 50% operating partner. Mr. Hewett is a Qualified Person under NI 43-101.

A technical report entitled "NI 43-101 Technical Report on the Sierra Rosario Gold-Silver Project, Sinaloa, Mexico" dated June 24, 2011 by J. E. Christoffersen, B.Sc., P.Eng., is available for viewing on www.sedar.com and on the Company's website.

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

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.

Contacts: American Consolidated Minerals Corp. Al Fabbro President 1-604-602-4935 or Toll Free: 1-866-602-4935 1-604-602-4936 (FAX)www.americanconsolidatedminerals.com

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