Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to announce that exploration has begun on the property near Sault Ste.
Marie, Ontario in which Anconia acquired a 50% interest and has the option to
acquire up to a 100% interest in such property pursuant to an option agreement
(See press release dated September 2, 2011).


The Property

The property consists of 23 unpatented mining claims (comprised of 354 claim
units or approximately 5,664 hectares), which are located in Gapp, Lunkie, and
Dablon Townships, approximately 65 kms northeast of the City of Sault Ste.
Marie, Ontario. The property is accessible by logging roads and has year round
access for both men and machines by a combination of road vehicles and
snowmobiles. 


The property, which will be referred to as the "SSM Property" by the Company, is
in the southeast portion of the Batchawana Greenstone Belt.


October 2011 Exploration

The Company has dispatched a geological team to commence exploration on the SSM
Property consisting of prospecting, geological mapping and rock sampling. This
program will focus on areas which are believed to be prospective for gold
mineralization. The results of the exploration program will be made public when
available.


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
property holdings in Canada. Anconia is undertaking a comprehensive exploration
program to determine the potential of the projects currently in its portfolio.


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