Anconia Announces Shares FOR Debt Transaction

ANCONIA ANNOUNCES SHARES FOR DEBT TRANSACTION

Toronto, Canada – August 17, 2018 - Anconia Resources Corp. (TSXV: ARA) (the “Company”) is pleased to

announce that the C ompany and certain creditors, have entered into agreements as of August 9, 2018

(the “Effective Date ”) to settle $586,636.02 of indebtedness of the Company (the “ Shares for Debt

Transaction”) through conversion of such debt into common shares of the Company (the “ Common

Shares”). Pursuant to the Shares for Debt Transaction , the Company will issue 11,732,720 Common

Shares, at a price of $0.05 per Common Share. On completion of the Shares for Debt Transaction , the

Company will have 117,589,409 Common Shares issued and outstanding.

The directors and/or officers of Anconia , be ing Jason Brewster, Denis Clement, Harvey McKenzie, Jim

Franklin, John Sadowski, and Mike Florence, have agreed to convert an aggregate amount of $243,750

into Common Shares. Upon completion of the Shares for Debt Transaction, the directors and/or officers

of Anconia will hold, directly and indirectly, 21,854,916 Common Shares or 18.59% of the issued and

outstanding Common Shares.

The Company reports that its board of directors has approved the Shares for Debt Transaction.

Completion of the Shares for Deb t Transactions is conditional upon obtaining TSX Venture Exchange

approval.

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.

For further information regarding Anconia please contact:

Jason Brewster

President and CEO

Tel: (416) 815-9777

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.