AYN

Anthem Resources Inc. (TSX VENTURE:AYN)(OTCQX:VAERF) ("Anthem" or the "Company")
announces that it has agreed with Nickel North Exploration Corp. (TSX
VENTURE:NNX) ("Nickel North") to amend the option agreement for the Hawk Ridge
Nickel-Copper-PGM property in Quebec. The purpose of the amendment is to
accelerate Nickel North's earn-in of 100% interest in the Property from Anthem.
The amended agreement is subject to approval by the TSX Venture Exchange. 


Under the original agreement, Nickel North had the option to earn a 100%
interest in the Property from Anthem, subject to a 3% NSR to the original
vendor, in return for staged cash and share payments totaling $3 million prior
to December 31, 2013. The Option Agreement was the basis for Nickel North's
Qualifying Transaction and listing on the TSX Venture Exchange on August 9,
2012. For more details see Anthem news releases dated February 7, April 10, May
10, August 7, and December 24, 2012. 


To date, Anthem has received a total of $1 million cash, 4,802,032 Nickel North
common shares, and 1,151,016 non-transferable Nickel North share purchase
warrants under the original agreement. Each warrant entitles Anthem to purchase
an additional common share of Nickel North for a period of two years following
the closing date (August 2, 2012) at an exercise price of 35 cents per warrant
share in the first year and 60 cents per warrant share in the second year.


Under an amended agreement executed February 15, 2013, Nickel North agreed to
issue common shares to Anthem equal to $907,918.70 divided by the per share
price of Nickel North's next round of non flow-through equity financing ($0.25
per share). In addition, Nickel North will issue common shares to Anthem equal
to $500,000 divided by the greater of (A) the price per common share equal to
10% discount to the 20 day moving average trading price for Nickel North common
shares for the 20 day period immediately preceding the date of issuance and (B)
$0.20. The shares will be issued within 10 business days of the receipt of
approval from the Exchange with respect to the amendment.


Upon closing of this transaction and Nickel North's recently announced $2
million non flow-through financing, Anthem is expected to hold 10,933,707 shares
of Nickel North, representing approximately 23.2% of that Company's outstanding
shares, plus the 1,151,016 Nickel North warrants mentioned above. 


About Anthem Resources

Anthem Resources Inc. is a Canadian exploration company, which holds a number of
properties, joint ventures and royalty interests. Anthem also owns a portfolio
of marketable securities with a current market value of $6.5 million. Anthem's
business plan is to continue to grow shareholder value through its participation
in exploration projects throughout North America. 


On Behalf of the Board of Directors of ANTHEM RESOURCES INC. 

Walter Coles Jr., President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Anthem Resources Inc.
Walter Coles, Jr.
President/CEO
(604) 568-7709


Anthem Resources Inc.
Tony Perri
Investor Relations, Manager
(604) 568-7709
(604) 669-2543 (FAX)
www.anthemresourcesinc.com

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