Anconia Closes First Tranche of Private Placement

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") is
pleased to announce the closing of the first tranche of its previously announced
non-brokered private placement offering (the "Offering") (see the Company's news
release dated April 2, 2014) issuing 525,000 units ("Units") at $0.06 per Unit
and 3,000,000 flow-through units ("Flow-Through Units") at $0.075 per
Flow-Through Unit, for aggregate gross proceeds of $256,500.


Each Unit consists of one common share of the Company and one-half of one common
share purchase warrant (a "Unit Warrant"). Each whole Unit Warrant entitles the
holder to purchase one common share of the Company at a price of $0.08 per share
for a period of 18 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 common share purchase warrant (a "FT
Warrant"). Each whole FT Warrant entitles the holder to purchase one common
share of the Company at a price of $0.10 per share for a period of 18 months
following the date of issuance.


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


All of the securities issued under the first tranche of the Offering are subject
to a statutory hold period in Canada expiring on August 17, 2014.


As part of the Offering, directors and officers of Anconia directly and
indirectly subscribed for an aggregate of 525,000 Units and 1,000,000
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
2,000,000 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 directors and to the
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 the Units and
Flow-Through Units to the directors and insider because neither the fair market
value of the common shares and warrants issued to such directors and insider
under the Offering, nor the consideration for such securities, exceeds 25% of
the Company's market capitalization as calculated in accordance with MI 61-101.


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 its portfolio. Anconia is undertaking comprehensive exploration
programs to determine the potential of its current projects.


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 and the completion of a second tranche and the timing
related thereto. 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.


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.


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