Anconia Enters Into Earn-In Option Agreement - Seite 2

A preliminary review of Ontario Assessment records and other public records has indicated that there has been very little exploration carried out on this section of the Batchawana Greenstone Belt, which hosts the past producing Tribag Mine (approximately 40km west of the Sault claims). From the data which is publicly available from the Government of Ontario archives, Anconia notes that there is a base metal showing on the Property with the following characteristics:

• 18 grab samples taken from trenches excavated on surface in 1982 returned an average of 4.9% Zn.
• Follow up surface grab sampling from the trenches in 1989 returned; 9.68% Zn, 7.50% Zn, 10.23% Zn, 1.43% Zn, and 7.05%Zn.
• Public records indicate that drilling completed by Noranda below the above noted trenches in 1990 returned an intersection of 15.7m containing 5.3% Zn, and 0.015% Cu in one drillhole. The depth of this intersection is not known, however the total length of the drillhole in known to be 177.93m. Another drillhole, which was drilled to a total depth of 149.86m had a 12.58m intersection averaging 0.19% Zn and 0.022% Cu.

All the above information is taken from the Province of Ontario Mineral Deposit Inventory, record # "MDI41O04SW00027".

In addition to the above showing, an airborne magnetic and electromagnetic geophysical survey completed by the Province of Ontario in 1990 (ONTARIO GEOLOGICAL SURVEY 1990, Airborne electromagnetic and total intensity magnetic survey, Batchawana area; Ontario Geological Survey. Map 81451 scale 1:20000), indicates potential iron formation horizons cross-cut by regional scale structural features (the Chippewa Fault and the Goulais River Fault), which have been inspected by the Owners, and verified as Banded Iron Formations, which were then sampled and found to be anomalous with gold, samples returned grades from 0.01 g/t Au to 1.5 g/t Au.

Mr. Brian H Newton P.Geo of Minroc Management Services Inc. and a "qualified person" pursuant to National Instrument 43-101, has reviewed and approved the technical disclosure in this press release on behalf of Anconia.

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 its portfolio. Anconia is undertaking comprehensive exploration programs to determine the potential of its current projects.

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.

Anconia Resources Corp.
Jason Brewster
President and CEO
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