ARA Anconia Resources Corp

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to provide the following update, and outlook for the upcoming
exploration season on its MARCE Project, which consists of a group of 4 claims
centered around the MARCE Occurrence in the Nunavut Territory of Canada.


Ground Geophysics

Anconia has recently completed a successful ground geophysics program consisting
of Horizontal Loop EM and Magnetics on its MARCE Occurrence (completed in the
first week of May 2012), which was designed to test the extent of the
mineralization visible on surface, as well as providing greater detail than the
previous airborne survey which was flown in the summer 2011 season. Subsequent
to completion of the survey, the Company commissioned an interpretation of the
cumulative findings of the 2012 ground geophysics, the 2011 airborne geophysics
completed by the Company, and selections of a 1998 ground gravity and TDEM
survey which covered parts of the current claim group. This interpretation has
resulted in the identification of numerous conductors and responses within the
claim group of varying degrees of importance. The recommendation from this
report is to drill test an identified feature, which is comprised of 4
conductors, numbered 1, 3, 4 and 5, depicted in the illustration below (the
MARCE Occurrence is labeled as conductor #5). The composite length of the
4-conductor feature is approximately 3200 metres, with the MARCE Occurrence
(conductor #5) comprising approximately 1300 metres.


To view the image associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/ARA713Image.jpg.


(In this image the background is Total Field Magnetics, the boxes represent
Airborne EM anomalies, and the black line represents the EM conductors
identified from the ground geophysical survey.) 


Drill Program

The Company has planned a drill program of up to 1500 metres of drilling, which
will focus on the MARCE Occurrence, a VMS target that has a surface expression
in the form of frost heaved subcrop, and is co-incident with a 1.3 km
geophysical signature consisting of Magnetics, Electromagnetics, and Gravity
labeled as #5 in the image above. In August and September of 2011 Anconia
conducted a surface sampling program, which returned the following values, 0.02
- 34.14% Zn, 0 - 19.2 g/t Au, 0.6 - 2100 g/t Ag, and 0.01 - 10.6% Cu, from a
total of 43 samples (see press release dated October 20th 2011). The samples are
all taken from the MARCE Occurrence, conductor #5 in the image above, which has
co-incident Magnetics and Gravity and is sub-parallel to a magnetically
indicated Iron Formation. It is important to note that recent ground geophysics
work has demonstrated that the gravity anomaly is associated with the conductor
as opposed to the Iron Formation. The planned drill program will test the extent
of the MARCE Occurrence and conductor to depth and along strike. The Company
will provide an update upon commencement of the drilling program.


Mr. Jason Brewster, President and C.E.O. stated: "It is very exciting to finally
be able to drill the MARCE Occurrence. Between the geophysics that we have and
the surface sampling that we have done, we believe that there are indications of
a significant deposit at the MARCE Occurrence. All that remains now is to drill
and see exactly what we are dealing with."


Anconia is currently in possession of all requisite permits from NPC (Nunavut
Planning Commission), NIRB (Nunavut Impact Review Board), KIA (Kivalliq Inuit
Association), and the Nunavut Water Board to carry out the planned exploration.
Additionally, the Company has conducted what it believes to be positive
community consultations with the nearby communities in Nunavut.


Board Changes

The Company is pleased to announce that Dr. James Franklin has agreed to join
the board of directors of the Company. Dr. Franklin's years of experience and
vast technical knowledge of VMS style deposits will prove invaluable to Anconia
as the MARCE Occurrence is further explored. A brief professional bio of Dr.
Franklin follows:


Jim Franklin is an exploration geologist with over 40 years experience, focusing
on discovering base metal-, uranium- and gold-bearing ore deposits. He is a
graduate of Carleton University (BSc, MSc) and the University of Western Ontario
(PhD). He taught at Lakehead University (1969 - 1975), and then joined the
Geological Survey of Canada, where he directed major research programs on base
metal and gold deposits in the Canadian Shield, and coordinated the GSC's marine
minerals program, which culminated in the discovery of a major deposit at Middle
Valley on Canada's Juan de Fuca Ridge. As Chief Geoscientist of the GSC from
1993 until 1998, he was responsible for coordinating GSC's entire scientific
program. Currently he is the director of three exploration companies and sits on
numerous advisory boards for mining companies. He also sits on advisory or
management boards for the Canadian Scientific Submersible Facility, the Canadian
Mining Innovation Council, The Mining Industry Human Resources Council, Society
of Economic Geologists Canadian Foundation, and NRCan's Earth Science and
Minerals and Metals sectors advisory boards.


Mr. Franklin has received GAC's Logan and Duncan R Derry medals, CIM's Selwyn
Blaylock, A.O. Dufresne, Distinguished Lecturer and Julian Boldy Memorial awards
and. SEG's Thayer Lindsley and Distinguished Lecturer awards. He is a Fellow of
the Royal Society of Canada, a registered professional geologist in the Province
of Ontario, and an Adjunct Professor at Queen's, Laurentian and Ottawa
Universities. He is a Past President of both the Geological Association of
Canada and the Society of Economic Geologists. He has published over 196 papers
and book chapters, and innumerable abstracts.


Additionally Mr. Peter Miller has resigned as a Director and Chairman of the
Company to pursue other opportunities. The Board thanks Mr. Miller for his
service in helping to guide the Company through its first year of operations and
wishes him success in his future endeavors. Jason Brewster, the current
President and C.E.O. of the Company, will act as interim Chairman of the Company
until a replacement can be found to fill the role on a longer term basis, Mr.
Denis Clement a current director of the Company will act as lead director during
the time that Mr. Brewster is acting as Chairman.


Qualified Person Statement

Mr. Brian H Newton P.Geo of Minroc Management Services Inc. and a "qualified
person" pursuant to National Instrument 43-101, has reviewed and approved the
technical disclosure in this press release on behalf of the Company.


About Anconia

Anconia is a base and precious metals exploration and development company, which
is focused on providing shareholder value through the advancement of its
properties in the Nunavut Territory, Canada. Anconia is undertaking a
comprehensive exploration program to determine the potential of the projects
currently in its portfolio.


Forward-Looking Information

This news release contains forward looking statements and forward-looking
information within the meaning of applicable securities laws including with
respect to the indications of a significant deposit at the MARCE Occurrence, the
Company's planned drilling programs and positive community consultations with
the nearby communities in Nunavut. Words such as "may", "will", "should",
"anticipate", "plan", "expect", "believe", "estimate" and similar terminology
are used to identify forward-looking statements and forward-looking information.
Such statements and information are based on assumptions, estimates, opinions
and analysis made by management of Anconia in light of its experience, current
conditions and its expectations of future developments as well as other factors
which it believes to be reasonable and relevant. Forward-looking statements and
information involve known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially from those expressed or
implied in the forward-looking statements and information. Risks and
uncertainties that may cause actual results to vary include but are not limited
to: the speculative nature of mineral exploration and development, including the
uncertainty of mineral reserve and resource estimates; uncertainties relating to
the availability and costs of financing needed to complete exploration
activities; exploration costs varying significantly from estimates; delays in
the exploration and development of, and/or commercial production from, the
properties in which Anconia has an interest; unexpected geological or
hydrological conditions; operational and technical difficulties; fluctuations in
commodity prices; the existence of undetected or unregistered interests or
claims, whether in contract or in tort, over the property of Anconia; success of
future exploration and development initiatives; competition; operating
performance of facilities; environmental and safety risks, including increased
regulatory burdens, seismic activity, weather and other natural phenomena;
inability to, or delays in, obtaining necessary permits and approvals from
government authorities; risks relating to labour; and other exploration,
development and operating risks; changes to and compliance with applicable laws
and regulations, including environmental laws and obtaining requisite permits;
as well as other risks and uncertainties which are more fully described in
Anconia's annual and quarterly Management's Discussion and Analysis and in other
filings made by Anconia with Canadian securities regulatory authorities and
available at www.sedar.com.


Forward-looking information speaks only as of the date on which it is provided
and, except as may be required by applicable securities laws, Anconia disclaims
any intent or obligation to update any forward-looking information, whether as a
result of new information, future events or results or otherwise. Although
Anconia believes that the assumptions inherent in the forward-looking
information are reasonable, forward-looking information is not a guarantee of
future performance and accordingly undue reliance should not be put on such
information due to the inherent uncertainty therein.

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