American Consolidated Minerals Corporation
TSX VENTURE : AJC

American Consolidated Minerals Corporation

October 20, 2009 10:00 ET

American Consolidated Commences Drilling Program at Toiyabe Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2009) - American Consolidated Minerals Corp. (TSX VENTURE:AJC) (the "Company") is pleased to announce the commencement of a two hole, 3,000 foot diamond drilling program to test the deeper resource potential at its Toiyabe Project in North Central Nevada. Weather will not permit a more extensive program but the results from these holes should form the framework for a much more intense program in the spring.

The Toiyabe Project is located 78 miles south-southwest of Elko, Nevada. The property lies 10 miles south of Barrick's Cortez Hills, 12 miles southwest of their ET Blue discovery, 10 miles west-southwest of their Red Hill discovery and about 6 miles west of US Gold's large property package. The indicated mineral resource is 173,000 ounces at a grade of 0.0349 opt and the bulk of this resource is shallow and only comprises a small portion of the entire Toiyabe property. The project area contains five additional targets defined by geology, geochemical and geophysical surveys, and drilling. (See the Technical Report entitled "Summary Report and Mineral Resource Estimate on the Toiyabe Gold Property, Lander County, Nevada" dated May 27, 2009 and filed on SEDAR (www.sedar.com) on June 4, 2009.)

Richard Kern (P.Geo), a director of the Company, is the Company's qualified person on the project as required under NI 43-101and has reviewed and approved the technical information contained in this press 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 & Director

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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