Mr. Jason Brewster reports

ANCONIA SAMPLES 7.98 G/T AU OVER 7.55M FROM ADJACENT TO THE SYLVANITE FAULT AND PERPENDICULAR TO THE ALLEN VEINS AT ITS GRENFELL PROPERTY, KIRKLAND LAKE ONTARIO

Anconia Resources Corp. has released further results from its second work program at its Grenfell property near Kirkland Lake, which is under option from Cadillac Ventures Inc. The program is a follow-up to the successful initial prospecting and sampling program, the results of which were reported in a press release dated Oct. 23, 2014.

Highlights from the program are:

• Channel 15 returned 5.955 grams per tonne gold over 10.2 metres, including 7.98 grams per tonne over 7.55 metres from the wall rock of the Sylvanite fault, perpendicular to the Allen veins;
• Channel 11 returned 2.68 gram per tonne gold over 2.8 metres;
• 176 samples were taken during this program, including 156 channel samples from 22 channels, eight grabs and one large (approximately 60 pounds) bulk sample.

This second-phase exploration program consisted of stripping, cleaning and sampling of both the Allen veins system and Riverside areas. This included a more intensive investigation of the well-mineralized Sylvanite fault area, which was only briefly examined during the previous program. Present surface exposure of the Sylvanite fault is limited, and Anconia intends to complete additional stripping to reveal more of this structure. Channel samples and and grab samples from mineralized zones at both the Allen veins and Riverside areas as well as a small bulk sample from near channel 15 at the Grenfell property have been taken and submitted to the lab for assay. The first results from the program are detailed below. Further results will be reported as they are received.

Jason Brewster, president and chief executive officer of Anconia, commented: "Anconia is very pleased with the results of these channel samples; this provides us with more evidence that the Allen veins area is host to a gold occurrence. Additionally, we now have more evidence that the Sylvanite fault likely played an important role in the emplacement of gold in the Allen vein system. The Sylvanite fault shows signs of sinistral displacement, which means that there may be an extension of the Allen veins on the east side of the Sylvanite fault, north of the current Allen vein location. Such an extension, if it exists, would be an as yet undiscovered occurrence. The company will continue to report assay results as they are received and will evaluate the next steps in the exploration of the Grenfell property when all the results are received."

Sample descriptions and results

Channel 15 -- 5.955 grams per tonne gold over 10.2 metres

Channel 15 is taken from the Allen vein system immediately adjacent to the Sylvanite fault. This 10.2-metre channel sample consisted of mafic volcanics with varying amounts of silicification containing up to 15 per cent fine disseminated pyrite (see attached table for sample descriptions). Some brecciation of the rock is evident with narrow vitreous quartz infill cementing the small fragments. To the north, sampling of channel 15 stopped due to overburden cover. Further stripping and cleaning of this area are required to expose and identify further continuity of the mineralized zone. The Sylvanite fault shows evidence of sinistral displacement, which leads to the possibility of a northwest displacement of the Allen veins on the east side of the fault. The magnitude of displacement has not been determined; however, the property extends approximately one kilometre to the northwest along the strike of the Sylvanite fault, providing ample room to find a possible eastward extension of the Allen veins. The attached table summarizes the individual results of channel 15.

Sample       Au (g/t) Width (m)                                 Description

                                             Very soft and deeply weathered
040626         4.100      0.95                               shared diabase
                                Very soft sheared diabase, deeply weathered.
                                   Locally intense fine disseminated pyrite,
040627         7.190      0.60                     approximately 5 per cent.
                                Very soft sheared diabase, deeply weathered.
                                     Weak silicification, fine disseminated
040628        10.200      0.70              pyrite approximately 1 per cent.
                                   Weakly silicified diabase, approximately 
040629         6.110      0.60          1 per cent fine disseminated pyrite.
                                   Weakly silicified diabase, approximately
040630        12.700      0.70          1 per cent fine disseminated pyrite.
                                   Silicified diabase, approximately 10 per
040631         9.630      0.60      cent fine to medium disseminated pyrite.
                                 Silicified diabase, 10 to 15 per cent fine
040632        12.700      0.55                to coarse disseminated pyrite.
                                   Silicified diabase, approximately 10 per
040633         7.470      0.55      cent fine to medium disseminated pyrite.
                                   Silicified diabase, approximately 10 per
040634        11.800      0.60      cent fine to medium disseminated pyrite.
                                   Silicified diabase, approximately 10 per 
040635         4.280      0.55                cent fine disseminated pyrite.
                                    Silicified diabase approximately 15 per
040636         7.390      0.55      cent fine to coarse disseminated pyrite.
                                   Silicified diabase, approximately 15 per
040637         3.290      0.60         cent fine coarse disseminated pyrite.
                                   Silicified diabase, less than 5 per cent
                                        fine to medium pyrite. Local strong
040638         0.539      0.70                     shearing and brecciation.
040639         0.087      0.70         Silicified diabase, weak schistosity.
040640         0.077      0.65          Massive diabase, slightly schistose.
040641         0.012      0.60            Massive diabase, weak schistosity.

Values in the table are individual sample intervals that comprise channel 15.

Channel 11 -- 2.68 grams per tonne gold over 2.8 metres

Channel 11 is taken from a ridge of silicified, pyritic diabase, which is a few metres west of channel 15, containing regularly spaced quartz ladder veins. This silicified unit likely represents a more competent lens within the broader Sylvanite deformation zone. Channel 11 cuts across the silicified unit, perpendicular to the fault itself, but due to outcrop constraints it was not possible to completely cover the unit, and the interval is unconstrained in both directions. Further stripping and cleaning are required to better assess this area.

Schematic showing channel and grab sampling locations with results that have been received. Further results will be reported as they are received.

Sampling protocol

Samples described in this press release were obtained in the field by, or under the supervision of, Brian H. Newton PGeo, a qualified person pursuant to the guidelines set out in National Instrument 43-101. Samples were in the form of grab and channel samples. Grabs were removed from outcrop using hand tools, while channels are cut into outcrop using a diamond saw before being removed using hand tools. Channels take the form of uniform strips approximately three centimetres wide and five to 10 centimetres deep, and are intended to give a more representative sample of the outcrop. Once obtained, and immediately after recovery, each sample was inserted into a labelled sample bag, alongside a unique tag provided by the assay laboratory. Bags were then sealed using cable ties and placed in larger, labelled rice bags. Samples were then delivered to Agat Laboratories in Sudbury, where they underwent analysis procedure 202-052 to fire assay for gold, a gravimetric finish was used for overlimits. The qualified person has not independently verified the data and has relied on the quality assurance/quality control protocols of Agat Labs as per its ISO 17025 certification.

Mr. Newton, PGeo, of Minroc Management Ltd., and a qualified person pursuant to NI 43-101, has reviewed and approved the technical disclosure in this press release on behalf of the company.

We seek Safe Harbor.