DOCMANAGE_LEGAL_643260.1 Anconia Announces Increase in Size of Private Placement Financing

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto – August 3, 2012 – Anconia Resources Corp. (TSXV: ARA) (“Anconia” or the “Company”) announces that the aggregate gross proceeds to be raised by the Company in its non-brokered private placement offering of units (“Units”) at $0.20 and flow-through units (“Flow-Through Units”) at $0.23 announced yesterday, will be increased from $900,000 to up to $996,750 (the “Offering”).

Please see the Company’s news release dated August 2, 2012 for further details of the Offering.

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.

For further information regarding Anconia please contact:

Jason Brewster President and CEO ph. 416-815-9777

Neither the 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.

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