Anconia Closes-Off Private Placement Financing

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") announces
that it will not be closing a third and final tranche of its previously
announced non-brokered private placement financing of units and flow-through
units (see the Company's press release dated February 14, 2012). Under the first
two tranches which closed on March 19 and April 27, 2012, respectively, Anconia
raised aggregate gross proceeds of approximately $1.63 million through the
issuance of units at $0.20 per unit (common share + 1/2 warrant) and
flow-through units at $0.23 per flow-through unit (flow-through common share +
1/2 warrant).


The aggregate gross proceeds raised under the Offering will be used, among other
things, to conduct a comprehensive exploration program of three properties owned
by the Company in the Nunavut Territory, Canada and for working capital
purposes. The Company may also use a portion of the proceeds raised to acquire
new properties or expand existing land claims in its portfolio. Proceeds from
the sale of the Flow-Through Units will be used for Canadian Exploration
Expenses on the Company's properties.


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 and Ontario, Canada. Anconia is undertaking
a comprehensive exploration program to determine the potential of the projects
currently in its portfolio.