Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to announce results from the final 4 holes in its 2012 drilling program
at its ATLAS-1 (formerly known as MARCE) occurrence, which demonstrate
mineralization to a depth of 200m (see attached stylized cross section).


These are the last set of drillholes for the 2012 summer drill program on the
ATLAS-1 discovery, and confirm the existence of a volcanogenic massive sulfide
(VMS) body of unknown size. The strike length of the sulfide occurrences is 2.4
km based on drilling, geophysics and surface sampling. Down dip ATLAS-1 locally
extends to at least 200m below surface. The ATLAS-1 occurrence remains open both
along strike and down dip (to depth).


The ATLAS-1 occurrence is a distinctly stratiform Zn-Ag-Cu type of VMS deposit,
similar to the deposits in the Hackett River and Sturgeon Lake districts. It has
an extensive and well defined footwall alteration zone, and is capped by a
laterally extensive exhalite, consisting of banded iron formation and chert.
Drilling also encountered very localized zones of unusually high Au and Ag
mineralization, which tentatively may represent a second type of mineralization,
superimposed on the VMS system. 


Mr. Jason Brewster, President and C.E.O. of Anconia Resources stated "We are
extremely excited by the results of drilling our first 12 drillholes which
confirmed the presence of the ATLAS-1 VMS occurrence, something which can often
take much more drilling. Of particular interest are holes MRC-12-11, and
MRC-12-04 where typical VMS copper stringer zones were encountered. These
intersections provide an important vector to locating the core of the system.
Additionally we are excited about the elevated silver and gold in the system
with localized very high abundances similar to hole MRC-12-06. Preliminary data
analysis reveals a secondary gold and silver mineralizing event which has
elevated these values within the VMS system. We will continue to investigate
ATLAS-1 as well as our other projects throughout the winter months and into
2013."


Intersections for holes MRC-12-09, 10, and 11, are as follows:



--  Hole MRC-12-09 encountered 3.7m of 379 g/t Ag, 1.77 g/t Au, and 1.28%
    Pb. This is an undercut of hole MRC-12-06 which encountered 3.6m of
    1348.3 g/t Ag, 11.2 g/t Au, 1.98% Pb, and 3.74% Zn (See the Company's
    press release dated October 10, 2012). 
--  Hole MRC-12-10 encountered 6.6m of 4.37% Zn, and 54.08 g/t Ag, including
    2.5m of 10.20% Zn, 85.49 g/t Ag, and 1.38% Pb. This is an undercut of
    hole MRC-12-08 which encountered 9.8m of 6.97% Zn, and 112.98 g/t Ag. 
--  Hole MRC-12-11 encountered 14.1m of 1.75 g/t Au, 140.49 g/t Ag, and
    1.39% Zn, including 6.4m of 3.44 g/t Au, 239.88 g/t Ag, 0.99% Cu, and
    2.64% Zn. This is an undercut of hole MRC-12-04 which encountered 8.4m
    of 1.59 g/t Au, 152.9 g/t Ag, 1.1% Cu, and 1.06% Zn. 



A plan view map (Figure 1 below) indicates drillhole collar locations (green
dots) along with a tabulation of all mineralized intersections (Table 1).
Drillholes MRC-12-01 through MRC-12-11 were all drilled along the strike of the
known surface mineralization and followed the geophysical signature, and all
encountered sulfide mineralization and/or an iron formation marker horizon
(stratigraphically above the VMS body). Hole MRC-12-12 was drilled approximately
2 km to the south west and was designed to test the intersection of two
electromagnetic geophysical features. While this hole did not encounter the
massive sulphide occurrence, it did encounter the Iron Formation marker horizon,
and anomalous metal content and alteration. The Iron Formation marker horizon
was also encountered in hole MRC-12-07, as well as all other holes which were
drilled into the ATLAS-1 occurrence (see Figure #2 for a stylized schematic
vertical section of drilling centered on line 2450).


To view "Figure 1 - Drillhole Locations (Plan view) for summer 2012 drilling
program at ATLAS-1", please visit the following link:
http://media3.marketwire.com/docs/Figure1DrillholeLocations.pdf.


In the image above, the black lines indicate "in phase" electromagnetic
conductors, and the green lines represent slightly weaker electromagnetic
conductors (quadrature response). This image represents approximately 3 km of a
conductive geophysical feature, which has a strike length of approximately 7.2
km.


To view "Figure 2 - Stylized vertical section of the ATLAS-1 occurrence through
line 2450E", please visit the following link:
http://media3.marketwire.com/docs/Figure2Stylizedverticalsection.pdf.


The presence of ATLAS-1, and the ZAC occurrence approximately 20km to the NE
with numerous geophysical conductors identified during the August 2011 airborne
magnetic and electromagnetic surveys suggest the presence of additional VMS
systems in the greenstone belt on Anconia's claim group.


Sample Protocol 

The samples were selected in the field, cut and bagged, sealed with a security
seal and transferred by bonded courier to the facilities of Activation
Laboratories Ltd. in Thunder Bay where they were processed UT-5 INAA(INAAGEO) /
Total Digestion ICP/MS with the over limit results further tested by 8-4 Acid
ICP OES Assay.


Mr. Brian H. Newton, P. Geo, of Minroc Management Ltd., is a "Qualified Person"
pursuant to NI 43-101 and has reviewed and approved the contents of this press
release.


Table 1

Mineralized intervals from Summer 2012 drilling program at ATLAS-1 occurrence; 



----------------------------------------------------------------------------
----------------------------------------------------------------------------
Hole          From m    To m Width m  Au ppm  Ag ppm    Cu %    Pb %    Zn %
----------------------------------------------------------------------------
----------------------------------------------------------------------------
MRC-12-01(i)    48.2      51     2.8    0.43   202.3    0.18    0.83    2.56
----------------------------------------------------------------------------
MRC-12-02(i)    71.9    74.6     2.7    0.32   131.6    0.13    1.11    4.02
including       72.4    73.6     1.2    0.44   217.5    0.24    2.41    8.89
----------------------------------------------------------------------------
MRC-12-03(i)    36.7      48    11.3    0.59    76.8    0.62    0.06    1.31
including         46      48       2    0.33    66.1    0.23    0.28    6.19
----------------------------------------------------------------------------
MRC-12-04(i)      52    60.4     8.4    1.59   152.9    1.10    0.02    1.06
including         58    60.4     2.4    2.73   317.3    2.22    0.06    3.05
MRC-12-04(i)    61.8    64.4     2.6    0.15    45.0    0.17    0.68    8.16
----------------------------------------------------------------------------
MRC-12-05(i)    87.5    96.6     9.1    0.48    77.3    0.18    0.74    4.44
including       87.5      92     4.5    0.66    93.5    0.28    0.45    5.05
----------------------------------------------------------------------------
MRC-12-06(i)   115.4     119     3.6   11.19  1348.3    0.17    1.98    3.74
including      115.4   116.4       1   35.90  3590.0    0.34    2.51    0.34
----------------------------------------------------------------------------
MRC-12-07(i)      Iron Formation Marker Horizon encountered with pyrite     
             mineralization in stringers and "clots". Anomalous Cu, Zn, and 
                               Ag values were encountered                   
----------------------------------------------------------------------------
MRC-12-08(i)   136.5   146.3     9.8    0.47   113.0    0.29    0.64    6.97
including        139     143       4    0.19    37.3    0.06    0.26   11.93
----------------------------------------------------------------------------
MRC-12-09        175   178.7     3.7    1.02   371.9    0.17    1.28    0.59
including        175   175.7     0.7    0.56   206.0    0.07    4.92    1.30
----------------------------------------------------------------------------
MRC-12-10      213.4     220     6.6    0.13    54.1    0.15    0.66    4.37
including      216.2   218.7     2.5    0.21    85.5    0.15    1.38   10.20
including      216.2     217     0.8    0.22   122.0    0.03    2.45   20.00
----------------------------------------------------------------------------
MRC-12-11      177.5   178.5       1    1.75   239.0    2.26    0.00    0.72
MRC-12-11      177.5   191.6    14.1    1.75   140.5    0.74    0.29    1.40
including      185.2   191.6     6.4    3.44   239.9    0.99    0.64    2.64
including      188.4   190.4       2    9.93   422.0    1.30    0.87    5.69
----------------------------------------------------------------------------
MRC-12-12         Iron Formation Marker Horizon encountered with pyrite     
             mineralization in stringers and "clots". Anomalous Cu, Zn, and 
                               Ag values were encountered                   
----------------------------------------------------------------------------
----------------------------------------------------------------------------



(i) Denotes drillholes which have been previously announced 

(i) Stated widths do not represent true widths, which are not known at this
time. Widths are as drilled.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anconia Resources Corp.
Jason Brewster
President and CEO
416-815-9777
Anconia Resources (TSXV:ARA)
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