Anconia Resources Reports Results From Drilling At ZAC Occurrence

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to report further 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. The ZAC occurrence is situated approximately 25km
northeast of, and in the same geological trend as, the ATLAS-1 VMS discovery
made by the Company, which was announced on October 10, 2012.


Highlights



--  The previously reported 110m zone of stringer chalcopyrite
    mineralization (see press release dated November 22, 2013) contains a
    20.7m section of 0.02 g/t Au, 3.97 g/t Ag, 0.16% Cu, and 0.10% Zn
    including an 8.7m section of 0.04 g/t Au, 7.66 g/t Ag, 0.31% Cu, and
    0.1% Zn. 
--  A surface grab sample which was taken from an outcrop of the stringer
    zone encountered in hole ZAC-13-05 yielded 0.67 g/t Au, 57.8 g/t Ag,
    1.85% Cu, and 0.01% Zn. A channel sample of the same material yielded
    0.01 g/t Au, 5.5 g/t Ag, 0.36% Cu, and 0.03% Zn over 0.9m. Both the grab
    sample and the channel sample were taken from a location approximately
    250m along strike from the drillhole ZAC-13-05 (see diagram #1). 
--  A surface grab sample was taken from a sulphide mineralization corridor
    which is approximately 450m southwest of drillhole ZAC-13-05. This
    sample yielded 0.55 g/t Au, 58.6 g/t Ag, 0.01% Cu, 4.75% Zn, and 0.07%
    Pb. A channel sample was taken from the same outcrop which yielded 0.79
    g/t Au, 199 g/t Ag, 0.01% Cu, 5.88% Zn, and 1.37% Pb over 1.5m. This
    outcrop can be traced on surface for approx. 30m in strike at which
    point it is covered by glacial till. 
--  Holes ZAC-13-01, and ZAC-13-02 both encountered massive sulfide
    mineralization, which is interpreted to be the down dip extension of the
    West Zone (a historically known area of zinc mineralization on surface).



Mr. Jason Brewster, President and C.E.O. of Anconia, commented "We are very
pleased by the results of our recent drilling program. These results demonstrate
that the approx. 110m stringer zone we encountered in hole ZAC-13-05 is indeed
mineralized with copper, the grade of the stringer zone is typical of many that
underlie established massive sulfide deposits. The zone of high - grade Zinc and
Silver in the channel sample (5.88% zinc and 199 g/t silver over 1.5m), from an
outcropping stratiform unit which can be traced on surface for 30m in strike may
be the surface expression of the massive sulfide zone of a VMS system that
connects at depth to the stringer zone. Additionally, the stratiform massive
sulfide zones encountered approximately 1km away in holes ZAC-13-01 and
ZAC-13-02 may represent the structurally displaced lateral extension of a
southwest plunging massive sulfide zone. 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

Drillholes ZAC-13-01 and ZAC-13-02 were both drilled from the same collar
location (see Figure 1) and successfully tested the down-dip extension of the
previously known "West Zone" mineralization which can be seen on surface. Hole
ZAC-13-01 intersected a 4.2m massive sulfide intersection from 77-81.2m (see
results in Table 1). Hole ZAC-13-02 is an undercut of hole ZAC-13-01 and
intersected 6m of massive sulfides from 120 - 126m, with a higher grade section
from 122.1 - 123.5m (Table 1). This intersection is approximately 65m below the
intersection in hole ZAC-13-01. The massive sulfide intersections which were
encountered in drillholes ZAC-13-01 and 02 in addition to being down dip
extensions of the West Zone are interpreted to be possible distal portions of a
southwest plunging VMS body which at depth may be the overlying massive sulfide
to the stringer zone in hole ZAC-13-05. This latter hole was collared
approximately 1km to the East (see Figure 1).


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/924924fig1.pdf 


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 represents the subvolcanic heat source that typically underlies many VMS
districts.


Hole ZAC-13-05 was collared approximately 1km along strike east of holes
ZAC-13-01 and 02, and tested a band of conductive strata, which extends between
these two drill centers, and continues to the east. From surface to
approximately 110m down-hole low grade both disseminated and stringer
chalcopyrite mineralization was intersected, which from 24m to 44m is comprised
of a very well-developed 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. Indications are that the hole may have intersected the stringer zone at
an oblique angle. 


Table 1



----------------------------------------------------------------------------
INTERVALS:                        Au g/t   Ag g/t     Cu %     Zn %     Pb %
----------------------------------------------------------------------------
ZAC-13-01:                                                                  
77-81.2m (4.2m)                     0.53    42.48     0.55     3.59     0.24
incl. 78-81.2m (3.2m)               0.14    36.47     0.40     4.69     0.31
----------------------------------------------------------------------------
ZAC-13-02A:                                                                 
120-126m (6m)                       0.16    10.05     0.21     0.89     0.06
incl. 122.1-123.5m (1.4m)           0.07    18.95     0.45     3.59     0.24
----------------------------------------------------------------------------
ZAC-13-05 (110m stringer zone                                               
 from 10-120m, including;)                                                  
24-44.7m (20.7m)                    0.02     3.97     0.16      0.1        0
incl. 36-44.7m (8.7m)               0.04     7.66     0.31     0.10     0.00
----------------------------------------------------------------------------



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. In Figure 1, both the C2 and C3
targets (strong electromagnetic conductors), and the surface sulfide
mineralization corridor to the southwest of hole ZAC-13-05 represent excellent
targets for a potential massive sulfide zone. 


Sampling 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. 


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 H. 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. 


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 statements that massive sulfides lie in
the upper part of the strata and adjacent to the drill area, that the stratiform
massive sulfide zones encountered may represent the structurally displaced
lateral extension of a southwest plunging massive sulfide zone, and with respect
to 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