ARA Anconia Resources Corp

Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to announce the acquisition of the "Jarositas" exploration permit
situated in southern Spain.

Anconia has acquired, by way of application with the regional mining authority,
an exploration permit in southern Spain called Jarositas, which covers
approximately 154 square kilometres of ground prospective for lead-zinc-silver
exploration. 

With the Jarositas exploration permit, along with the Company's VMS discoveries
in Nunavut (ATLAS-1 and ZAC), Anconia is positioning itself to be a significant
exploration and development company with a focus on zinc and other base metals.


Highlights of the Jarositas Permit Area



--  Area has been historically mined for silver and lead and zinc, and there
    are several known mineralized showings within the property area. 
--  One area of the property (Coto Fortuna), which was mined in Roman times
    for silver and lead, has a historical estimate of 165,229 tonnes of
    contained zinc metal which equates to 7,282,697 tonnes at a grade of
    2.27% Zn. This estimation was calculated in 1972 by the Instituto
    Geologico y Minero de Espana (Institute of Mining and Geology of Spain),
    a Spanish governmental agency, and can be found in the report titled
    "Estudio Del Yacimiento De Zinc De Coto Fortuna, y Evaluacion De Sus
    Reservas". There is no information on the category of the historic
    resource. 
--  The Jarositas exploration permit area contains geology favorable for
    additional mineral occurrences in a region of active and previously
    active geothermal systems. These systems contain widespread alteration
    zones of a type commonly associated with lead, zinc and silver
    mineralization. Modern exploration methods have never been used in the
    area to search for hidden deposits. 
--  Infrastructure in the area is well established with road, rail, and
    towns all nearby.



A qualified person has not done sufficient work to classify the historic
estimate as current mineral resources or mineral reserves, and the Company is
not treating the historical estimate as current mineral resources or mineral
reserves.


Mr. Jason Brewster, President and C.E.O. of Anconia commented, "We are very
pleased with this acquisition. We believe this area has the potential to host a
significant zinc deposit, this is an important target, which needs to be drilled
both to bring the historic estimate in line with NI-43-101 requirements, and to
determine if there is an extension at depth of the deposit outlined by the
Spanish Geological Survey. This area has been very productive in the past (back
to Roman times) and the potential to host a mineable deposit is very good. The
Company believes that this new property in Spain is an excellent complement to
the property we have and the work we are doing in Nunavut. Anconia is
positioning itself to be a significant exploration and development company
through its base metal assets."


Jarositas Permit:

The Jarositas permit contains at least 3 epithermal centers outcropping at
surface. Coto Fortuna, one of the three known near surface occurrences, was
mined during Roman times. This along with an extensive hydrothermal alteration
halo prompted the Instituto Geologico y Minero de Espana to do an extensive
exploration program consisting of 23 drillholes in the early 1970's, which led
to a historical estimate of 165,229 tonnes Zn metal which is equivalent to
7,282,697 tonnes at 2.27% Zn, as estimated in the above noted report dated
October 7 1972. Anconia's technical team notes that there is a possibility of a
depth extension to the mineralization at Coto Fortuna, as all the completed
drillholes were relatively shallow (the majority of the holes were from 120 -
130m with a maximum of 301m). Additionally the area has historically been
hydrothermally active and active hot springs in the area indicate that there may
be other deposits, which have not yet been discovered as modern exploration
techniques (large scale airborne geophysical surveys amongst others) have never
been utilized.


Mr. Raul Hidalgo, EurGeol, a principle of Geotrex Gestion Minera S.L. a
qualified person pursuant to NI 43-101 has reviewed and approved the content of
this press release.


About Anconia

Anconia is a base and precious metals exploration and development company, which
is focused on providing shareholder value through the advancement of the
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anconia Resources Corp.
Jason Brewster
President and CEO
416-815-9777

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