ARA Anconia Resources Corp

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") announces
that it has oversubscribed its previously announced $996,750 non-brokered
private placement financing (see the Company's news releases dated August 2,
2012 and August 3, 2012) ("the "Offering") with a closing in the amount of
$1,195,479.94. 


On closing of the Offering, Anconia issued 3,540,000 units ("Units") at $0.20
per Unit and 2,119,478 flow-through units ("Flow-Through Units") at $0.23 per
Flow-Through Unit. 


Each Unit consists of one common share of the Company and one-half of one common
share purchase warrant. Each whole warrant (a "Warrant") entitles the holder to
purchase one common share of the Company at a price of $0.28 per share for a
period of 24 months following the date of issuance. 


Each Flow-Through Unit consists of one common share of the Company issued on a
'flow-though' basis and one-half of one Warrant. 


The aggregate proceeds raised under the Offering will be used, among other
things, to conduct exploration on the Company's properties in Nunavut or
Ontario, and for working capital purposes. Proceeds from the sale of the
Flow-Through Units will be used for Canadian Exploration Expenses on the
Company's properties. 


In connection with the closing of the Offering, Anconia has paid to certain
finders ("Finders") an aggregate cash commission of $71,624.80 and issued to the
Finders common share purchase warrants to acquire up to an aggregate of 338,960
common shares of Anconia at $0.20 per share for a period of 24 months following
the date of issuance. 


As part of the closing of the Offering, certain senior officers and directors of
Anconia subscribed for, directly and indirectly, an aggregate of 850,000 Units
and 413,000 Flow-Through Units. In addition, Bernard Sherman, an existing
shareholder of the Company, beneficially owning or controlling, directly or
indirectly, greater than 10% of the issued and outstanding common shares of the
Company, subscribed for 500,000 Units and 313,000 Flow-Through Units. Pursuant
to Multilateral Instrument 61-101 - Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), the issuance of Units and Flow-Through Units
to the officers, directors and above noted insider of Anconia constitute
"related party transactions". The Company is exempt from obtaining both a formal
valuation and minority shareholder approval in connection with the issuance of
such Units and Flow-Through Units because neither the fair market value of the
Units and Flow-Through Units issued to the officers, directors and above noted
insider of Anconia, nor the consideration for such securities, exceeds 25% of
the Company's market capitalization as calculated in accordance with MI 61-101. 


All of the securities issued under the Offering are subject to a statutory hold
period in Canada expiring four months from the date of issuance. 


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 and Ontario, 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 information under
applicable securities laws, including with respect to the anticipated use of the
proceeds of the Offering. 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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