American Consolidated Minerals - News Releases - American Consolidated Settles Debt

	November 09, 2009 American Consolidated Settles Debt
	*Vancouver, British Columbia....* Further to its announcement on October 9, 2009, and following receipt of Exchange acceptance, American Consolidated Minerals Corp. (the "Company") has issued 1,408,864 shares at a deemed value of $0.11 per share to settle $154,975 in outstanding debt to directors and officers of the Company. The shares issued in connection with the debt settlement are subject to a hold period expiring on March 1, 2010. ON BEHALF OF THE BOARD: Signed "Al Fabbro" Al Fabbro, President & Director For further information, please contact: Al Fabbro Telephone: 1-604-602-4935 / Toll Free: 1-866-602-4935 Facsimile: 1-604-602-4936 / Website: www.americanconsolidatedminerals.com 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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