ARA Anconia Resources Corp

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to provide the following update on its interest in four properties in
the Nunavut Territory of Canada.


As previously announced, the Company completed a reverse takeover transaction
earlier this month pursuant to which Anconia acquired 2215107 Ontario Inc.
("221"), a private Ontario corporation holding an option to acquire a 100%
interest in certain mining claims - the "ZAC property" and the "Marce property"
- located in the Territory of Nunavut. The ZAC property and the Marce property
are both located approximately 170 kilometres south of Baker Lake. Baker Lake is
serviced by regional air carriers and offers technical and logistical resources
to the Company. Both of these properties are VMS style targets with prospecting
and early stage exploration work carried out, which successfully demonstrated
that significant base metal, along with gold and silver, mineralization exists
on these properties.


ZAC Property

Anconia filed a technical report on SEDAR titled "Technical Report on the
Victory Lake Project District of Kivalliq Nunavut" authored by Howard Lahti and
John C. Archibald ("Archibald"), dated October 20, 2010 and revised May 25, 2011
(the "Report"), which examines the staked claims ZAC 1, 2 and 3. This property
covers approximately 29.3 square kilometers, which completely covers an
exploration target consisting of geophysics indicated multiple lenses with a
strike length in excess of 2.5 km. Some of the zones were found to outcrop
sporadically on surface and have been sampled. The Report summarizes a due
diligence trip in 2009 during which Archibald obtained a total of 24 surface
grab samples selected for precious and/or base metals depending on location. Of
the samples selected, assay results ranging from 3.72% to 21.8% Zinc, 0.39% to
2.59% Copper, 0.24% to 6.59% Lead, trace to 3.52 g/t Gold and 0.8 g/t to greater
than 300 g/t Silver were obtained. The sampling by Archibald is consistent with
previous systematic sampling of the outcropping zones by the property owners
which yielded grades from 0.26% to 20% Zinc from the zone known as the "West
Zone", and trace to 8.91% Copper, trace to 19.1% Zinc, 1.08 g/t to 517 g/t
Silver, and 0.01 g/t to 8.71 g/t Gold from the zone known as the "Main Zone".


Marce Property

The Marce property is located approximately 18 kilometers south-west of the ZAC
property and consists of four staked claims covering an area of approximately
23.4 square kilometers, encompassing a geophysical target (identified by large
gravity, magnetic and electromagnetic anomalies) with an indicated strike length
of approximately 1.3 kilometers which is open along strike. Historic sampling by
the property owners, referred to by management for indicative purposes only,
returned grades which ranged from 0.02% to 7.67% Copper, 0.14% to 21.75% Zinc,
46.9 g/t to 894 g/t Silver, and 0.2 g/t to 7.27 g/t Gold (sample grades are all
historic and could not be physically verified). In 2009, Archibald conducted
limited sampling on the Marce occurrence (3 surface grab samples) and returned
samples which assayed from 16.3% to 17.7% Zinc, 0.06% to 0.18% Copper, 241 g/t
to greater than 300 g/t Silver, and 0.5 g/t to 2.5 g/t Gold. The values obtained
by Archibald again verify that elevated metal values obtained from historic
sampling are present, however, Archibald was unable to access the area which
produced the historic higher grade Copper areas of the Marce occurrence so the
historic high copper values could not be verified. 


221 holds an option to acquire a 100% undivided interest in the ZAC and Marce
properties. The option is exercisable upon payment of $250,000 (in staged
payments over four years) and prior to exercise, 221 is responsible for
incurring all costs, payments and expenses in order to keep these properties in
good standing and to file all assessment work in a timely fashion.


In addition to the ZAC and Marce properties, the Company has staked an
additional two exploration projects, the RB Property and the ARNI Property.
Initial information with respect to these properties is as follows.


RB Property

The RB property is located approximately 45 kilometres East-South-East of the
ZAC claims, and consists of four staked claims covering approximately 41.8
square kilometers. The RB property is a highly prospective gold property, which
was previously held by Noble Peak Resources and was abandoned in the late
1980's. There has been some drilling on this property (conducted by Noble Peak
Resources), which yielded results from trace up to 0.413 oz/t over 8.0m, as well
as surface sampling, which yielded results from trace to 4.08 oz/t over 1m from
trenching (taken from public filings with the Nunavut mining recorder, the
Nunavut Geoscience Archive).


ARNI Property

The ARNI property is a Copper Nickel prospect on the shore of Baker Lake
approximately 60km East of the town of Baker Lake. Very limited information
exists for this prospect, however the public record with the mining recorder for
Nunavut indicates two showings on the property were sampled by a prospector who
previously held land claims in the area, which assayed 3.72% Copper, 2.28%
Nickel, and 1.08 oz/ton Silver (Nunavut Geoscience Archives). These are the only
assay results available for this property. These are selective results and are
unlikely to represent the average grades for this property.


The RB and ARNI properties are both wholly-owned by Anconia, subject only to
normal course work requirements in the Nunavut Territory for staked mining
claims.


Anconia has exploration plans for 2011, which include each of these four
properties, commencing in July 2011. Further information regarding upcoming
exploration and each of the four properties held will be released as available.


Mr. John C. Archibald, a consultant and a "qualified person" pursuant to NI
43-101 has reviewed and approved the technical information in this press release
on behalf of the Company.


Investor Relations and Grant of Options

Anconia is also pleased to announce that it has engaged Investor Cubed Inc.
("Investor Cubed" or "ICI") to provide investor relations and shareholder
communications services effective June 27, 2011 for an initial one year term,
the agreement is renewable under the same terms and conditions for an additional
one year term.


In connection with the engagement, Anconia has agreed to pay Investor Cubed a
monthly fee of $5,000. In addition, Investor Cubed has been granted options to
purchase 370,000 shares of Anconia at a price of $0.40 per share for a period of
two years. The options will vest quarterly in four installments of 92,500 each,
with the first installment vesting three months from the date of grant, and will
be governed by the provisions of Anconia's stock option plan. Investor Cubed
currently has no interest, directly or indirectly, in Anconia or its securities
other than the options. 


Investor Cubed provides specialized investor relations and business consulting
services to a select group of leading emerging and mid-capitalization public
companies. Investor Cubed has an established national network of financial
industry professionals including investment advisors, bank owned investment
dealers and leading independent financial firms. In addition, Investor Cubed
introduces and manages national online and off-line marketing initiatives. 


Investor Cubed's appointment as an investor relations consultant of Anconia and
the granting of the options to Investor Cubed remain subject to the approval of
the TSX Venture Exchange.


Additionally, Anconia announces that, pursuant to the terms of its stock option
plan, an aggregate of 2,350,000 incentive stock options have been granted to
certain of its directors, officers, and consultants. Each option entitles the
holder thereof to purchase one common share at an exercise price of $0.40 per
share, representing the closing price of Anconia's common shares on the TSX
Venture Exchange on June 24, 2011. The options are exercisable for up to five
years from the date of grant.


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 four
projects currently in its portfolio.

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