Anconia Extends Private Placement

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") announces
that it has extended its current private placement financing (announced on
December 20, 2013) of units ("Units") at $0.10 per Unit and flow-through units
("Flow-Through Units") at $0.12 per Flow-Through Unit.


The Company closed the first tranche of the private placement on December 31,
2013, issuing 416,665 Flow-Through Units for aggregate gross proceeds of
$50,000. The Company anticipates closing a second tranche by February 28, 2014.


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 information under
applicable securities laws, including with respect to 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