American Consolidated Minerals Corporation
TSX VENTURE : AJC

American Consolidated Minerals Corporation

May 06, 2013 09:00 ET

American Consolidated Minerals: New President & CEO Appointed

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 6, 2013) - American Consolidated Minerals Corporation (TSX VENTURE:AJC) (the "Company") announces the appointment of Robert Sibthorpe as President, CEO and director of the Company.

Mr. Sibthorpe has over 30 years' experience in exploration, mine development and mine operations with senior mining companies including Noranda, Falconbridge and Ivanhoe Mines. He also served as a research and corporate finance analyst in the securities industry for Midland Doherty Ltd., Yorkton Securities and Canaccord Capital Corp. Mr. Sibthorpe has been involved in the discovery and financing of numerous mineral deposits, including Eskay Creek, Petaquilla, Oyu Tolgoi and Fire Creek. Most recently, as President and CEO of Roxgold Inc., he financed and discovered the Yaramoko deposit in Burkina Faso. He holds a B.Sc. Degree in Honors Geology and a Masters of Business Administration from the University of Toronto. Currently a director of several exploration and development companies in Canada, Mr. Sibthorpe joins American Consolidated Minerals to steer the development of the Company's most promising properties in Nevada and Mexico.

Mr. Sibthorpe's appointment follows the resignation of Al Fabbro as President and CEO of the Company. "We are very pleased to have a person of Bob Sibthorpe's caliber take over the reins at American Consolidated," said Al Fabbro who continues to serve as a director of the Company. "His extensive geological experience, coupled with his capital markets experience, bodes well for the future of the Company. Bob Sibthorpe and co-director Richard Kern worked together on Klondex's Fire Creek discovery in northeastern Nevada, and he is also credited with making the high grade gold discovery at Yaramoko for Roxgold Inc. He has done extensive geological due diligence on our Toiyabe project, and his acceptance of this position as President of the Company confirms the merits of the property. I will continue to serve as a director of the Company and look forward to working closely with Mr. Sibthorpe."

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, 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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