Compulsory Acqn of Shares

RNS Number:7748L
Consolidated Minerals Limited
15 January 2008








15 January 2008




Consolidated Minerals Limited (ASX:CSM, AIM:CNM, FSE:CMN) advises that Palmary
Enterprises (Australia) Pty Limited ("Palmary") has notified the Company that it
has a relevant interest in over 90% of the ordinary shares in the Company
("Shares") and that, pursuant to the provisions of the Australian Corporations
Act, it intends to seek to compulsorily acquire the remaining Shares that it
does not already own. Palmary intends to seek to de-list the Shares from the ASX
and to cancel the Shares admission on AIM as soon as possible.


It is expected that the Shares will be de-listed from ASX on or about 25 January
2008.


The last day of trading of the Shares on AIM is expected to be 20 business days
from today, with the cancellation of the AIM admission of the Shares occurring
on the following day.  The Company will provide confirmation of these dates as
soon as they have been confirmed with the London Stock Exchange.



A copy of the announcement is available on the ASX website www.asx.com.au







John Abbott

Company Secretary







The Company's nominated adviser is RFC Corporate Finance Ltd - contact Stephen
Allen +61 8 9480 2507.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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