Anconia Resources Drilling Confirms Second VMS District at ZAC Occurrence

Announces Investor Relations Contract and Option Extension

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to report initial results from the drilling program on its ATLAS group
of claims (the "ATLAS Group") located in the Nunavut Territory of Canada
announced on August 29, 2013.


Highlights



--  110 m of disseminated and stringer chalcopyrite mineralization was
    intersected in hole ZAC-13-05, including 20m (from 35-55m down-hole) of
    intensive stringer mineralization. 
--  All components of a VMS mineralizing system are confirmed to be present
    at ZAC, including a 4.8m massive sulfide unit intersected in hole ZAC-
    13-01. 
--  ZAC is confirmed to represent a second VMS district, approximately 22km
    northeast of the ATLAS-1 discovery within the Company's ATLAS group of
    claims. 



Mr. Jason Brewster, President and C.E.O. of Anconia commented "We are very
excited by the program that we have just completed on the ZAC portion of the
claim group. We now know that the West Zone zinc mineralization that we see at
surface has a sub-surface extension and there is a large sub-volcanic intrusion
immediately to the north of the West Zone which provides the heat engine for a
new VMS district on the ATLAS claim group. What is most interesting to us,
however, is the large stringer zone that we encountered in hole ZAC-13-05. The
size of this zone is indicative that we are in the vicinity of a possibly large
massive zone, which we would expect to have been "fed" by the stringer zone
according to the classic model of VMS genesis. A few more holes should tell the
story. Unfortunately, winter weather prevented us from completing the drill
program this season. We are looking forward to getting back to the field to
continue drilling on ZAC as soon as possible, with March 2014 being the target."


Drill Program

The drilling program consisted of 5 holes totaling 1306m, and was focused on the
ZAC occurrence. This is located in the northeast portion of the Company's claim
block, approximately 22km northeast of the ATLAS-1 base metal discovery,
announced in 2012 (see press release dated October 10, 2012). The current
program confirmed the existence of a second distinct VMS district within the
Company's ATLAS Group of claims. 


The 5 drillholes were designed to test the extension of a historically known
area of surface zinc mineralization, discovered by Comaplex (the previous holder
of the ZAC occurrence claims), the "West Zone" mineralization, as well as to
test local geophysical (gravity and electromagnetic) anomalies (see figure 1
below).


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/AncResMap.pdf. 


Holes ZAC-13-01 and ZAC-13-02 successfully tested the down dip and along strike
extension of the West Zone. Hole ZAC-13-01 intersected a 4.8m massive sulfide
unit starting 78.1m down hole. Hole ZAC-13-02 is an undercut of Hole ZAC-13-01,
which intersected a 1.4m massive sulfide unit starting at 122.1m downhole;
approximately 60m down dip from the massive sulfide unit intersected in hole
ZAC-13-01. Assays are pending. 


Holes ZAC-13-03 and ZAC-13-04 tested a large gravity anomaly to the north of the
"West Zone" and confirmed that the anomaly was created by a gabbroic intrusion
which probably represents the heat source needed to enable mineralization in the
standard VMS model.


Hole ZAC-13-05 was collared approximately 1km along strike east of holes
ZAC-13-01 and 02, and tested a band of conductivity, which stretches between the
two and continues further to the East. From surface to approximately 110m
down-hole low grade both disseminated and stringer chalcopyrite mineralization
was intersected, which from 35m to 55m is comprised of a very intensive stringer
zone. The hole continued with variable amounts of sulfide stringers and VMS
style alteration all the way to the end of the hole at 335m. Stringer zones
underlie most massive sulfide deposits, and in highly deformed areas such as at
ZAC, are commonly asymmetric to massive sulfides. The extent of this stringer
zone may indicate that massive sulfides lie in the upper part of the strata, and
adjacent to the drilled area (the C2 and C3 targets in the above map). 


The Company is currently waiting on assay results, which will be reported when
they are received.


All qualitative observations contained within this press release have been made
and recorded on behalf of the Company by Mark Wellstead, an independent
geologist in the employ of Minroc Management Limited, who has been the project
geologist for the duration of the 2013 program as well as the 2011 and 2012
field programs. Mr. Wellstead works under the supervision of Mr. Brian Newton
P.Geo who is a partner of Minroc Management Limited and a "qualified person"
pursuant to NI-43-101. Mr. Newton has approved the technical information in this
release. 


Investor Relations

The Company is also pleased to announce that it has extended its contract with
Investor Cubed to provide investor relations services under the same terms and
conditions as previously announced (June 28, 2011). The current contract
extension will expire on April 29, 2014. As part of the contract extension, the
370,000 options granted to Investor Cubed at an exercise price of $0.40 on June
27, 2011, have been extended to April 29, 2014 at the same exercise price.


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 being in the vicinity of a
possibly large massive zone, that massive sulfides lie in the upper part of the
strata and adjacent to the drill area of Hole ZAC-13-05, and the continuation of
drilling on the ZAC. 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 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