American Consolidated Minerals Corp. announced the appointment of Robert Sibthorpe as President, CEO and director of the company. 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. 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.

American Consolidated Minerals Corp. reported assay results from six core holes completed in the San Rafael Zone at its Sierra Rosario silver-gold project, located in Sinaloa State, Mexico. The most significant drill results were obtained in Hole SR-003 where a 7.5 metre interval returned 179.3 g/t silver and 0.287g/t gold and a 4.9 metre interval yielded 66.7 g/t silver and 0.614g/t gold. In Hole SR-005, located approximately 400 metres to the southeast of Hole SR-003, a 3.35 metre interval returned 84.1 g/t silver, 0.102 g/t gold and 1.59% lead.

American Consolidated Minerals Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2012. For the quarter, the company reported loss of CAD 65,513 on total revenue of CAD 102,104 against loss of CAD 175,644 on total revenue of CAD 30 for the same period a year ago. For the nine months, the company reported loss of CAD 348,261 on total revenue of CAD 102,125 against loss of CAD 493,917 on total revenue of CAD 3,378 for the same period a year ago. Cash used in operating activities was CAD 188,939 against CAD 355,523 for the same period a year ago. Investment in exploration and evaluation activities was CAD 716,666 against CAD 329,141 for the same period a year ago.