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October2012Presentation<br />

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Forward Looking Statements<br />

This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable securities laws. This<br />

presentation has been prepared by the management of <strong>Anconia</strong> <strong>Resources</strong> <strong>Corp</strong>. (“<strong>Anconia</strong>” or “The <strong>Corp</strong>oration”). Except for statements of<br />

historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized<br />

by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and other similar words, or statements that certain events<br />

or conditions “may” or “will” occur. Forward looking information may include, but is not limited to, statements with respect to the future financial or<br />

operating performances of the <strong>Corp</strong>oration, estimated of future capital, operating and exploration expenditures, the future price of copper, gold<br />

and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the costs and timing of future exploration,<br />

requirements for additional capital, government regulation of exploration, development and mining operations, environmental risks, reclamation<br />

and rehabilitation expenses, title disputes or claims, and limitations of insurance coverage. Forward-looking statements are based on the opinions<br />

and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks<br />

and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking<br />

statements. Many of these assumptions are based on factors and events that are not within the control of the <strong>Corp</strong>oration and there is no assurance<br />

they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements<br />

include changes in market conditions and other risk factors discussed or referred to in the section entitled “Risk Factors” in the <strong>Corp</strong>oration’s most<br />

recently filed MD&A has attempted to identify important factors that could cause actual actions, events or results to differ materially from those<br />

described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or<br />

intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ<br />

materially from those anticipated in such statements. The <strong>Corp</strong>oration undertakes no obligation to update forward-looking statements if<br />

circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned<br />

not to place undue reliance on forward-looking statements. Unless otherwise stated, the information contained in this presentation is as of October<br />

22, 2012.<br />

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<strong>Corp</strong>orate Overview<br />

<strong>Anconia</strong> <strong>Resources</strong> <strong>Corp</strong>. (<strong>ARA</strong>: <strong>TSX</strong>.V) is a base and precious metals exploration and development company, focused on the<br />

discovery of high potential polymetallic copper-zinc-silver-gold (“vms”) deposits and high grade Lode Gold deposits in the Nunavut<br />

Territory, and Province of Ontario, Canada. <strong>Anconia</strong> is undertaking a near term drilling program to determine the potential of the<br />

polymetallic projects in Nunavut.<br />

ThE PROjECTs:<br />

ZAC Property–(100% owned) 7,231 acres (29.3 square km), located approximately 170 km south of Baker Lake, Nunavut Territory.<br />

• Target: significant zinc, copper, gold, and silver mineralization; assays up to 19.6% Zinc, 8.9% Copper, 517g/t Ag, 8.7 g/t Au.<br />

ATLAS-1 Property–(100% owned) 5,785 acres (23.4 square km), located 18 km southwest of the ZAC Property.<br />

• Target: New VMs Discovery with high grade Zinc (up to 11.98 % Zn over 4m, or 6.97% Zn over 9.8m) and silver (up to 3590 g/t<br />

over 1m), with anomalous high grade Gold (up to 35.9 g/t over 1m)<br />

RB Property–(100% owned) 10,330 acres (41.8 square km), located 127 km sW of Rankin Inlet, Nunavut Territory.<br />

• Target: high grade Lode Gold; assays up to 196 g/t.<br />

Melchett Lake Property – Option to earn 100% of 17 claims (205 claim units) located approximately 65 km north west of Nakina,<br />

Ontario, includes 13 km of the most prospective sulphide rich sector of the Melchett Lake Greenstone Belt. The Property hosts<br />

two large VMs type alteration zones the Nakina Zone and the Relf zone. The Relf zone has been drilled in the past and is known<br />

to be a VMs occurrence with Zn and Cu mineralization with unknown dimensions.<br />

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Share Structure<br />

As of OCT 22, 2012:<br />

Trading Symbol<br />

<strong>ARA</strong> - <strong>TSX</strong> VENTURE<br />

Price: $0.20<br />

52 Week High/Low: $0.42/$0.20<br />

Outstanding Shares: 44,212,312<br />

Fully Diluted: 61,909,623<br />

Market Capitalization: ~$9M@$0.20/share<br />

Insider Ownership: ~28%<br />

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The Prize: VMS deposits in Canada<br />

Lydon, j. W., 2007, An overview of the<br />

economic and geological contexts of<br />

Canada's major mineral deposit types, in<br />

Goodfellow, W. D., ed., Mineral Deposits<br />

of Canada: A synthesis of major deposit<br />

types, district metallogeny, the evolution<br />

of geological provinces and exploration<br />

methods, Volume 5, Geological<br />

Association of Canada, p. 3-48.<br />

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Investment Highlights<br />

• 3 properties in Nunavut Territory which have returned excellent grades from historic and current (2012) prospecting and<br />

drilling programs for base (zinc, copper, lead) and precious (gold & silver) metals.<br />

• ATLAS-1 - New VMs discovery containing high grade silver and Zinc.<br />

• Numerous electromagnetic conductors between the ATLAs-1 and ZAC occurrences (approximately 22 km) give the potential<br />

for a new VMs camp<br />

• the ZAC and RB properties which have returned excellent grades from historic and current (2012) prospecting for base<br />

(zinc, copper, and lead at the ZAC property) and precious (gold at the RB property) metals.<br />

Property (Nunavut) Zn% Cu% Ag g/t Au g/t<br />

ATLAS-1 (2012) 9.8m of 6.97% 8.4m of 1.1% Cu 3.6m of 1348 g/t Ag 3.6m of 11.2 g/t Au<br />

Results from drilling inc. single assays >20% inc. 2.4m of 2.2% Cu inc. 1m of 3590 g/t Ag inc. 1m of 35.9 g/t Au<br />

ZAC (historic) 0.01 – 19.6 Trace – 8.9 1.08 – 517 0.01 – 8.71<br />

RB (2011) Trace – 6.83 0.02 – 2.94 0.18 – 65.7 1.15 - 196<br />

• Option to acquire 100% interest in 17 claims (the Melchett Lake Property) which covers the most prospective portion of the<br />

Melchett Lake Greenstone Belt. The Property has been drilled in the past and is known to host zinc and copper mineralization.<br />

Located approximately 65 km northwest of Nakina, Ontario.<br />

• Experienced management team and Board of Directors.<br />

• Technical team with an extensive proven exploration track record.<br />

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Project Location<br />

ZAC and ATLAS-1 Properties are located ~ 160–190<br />

kms from Arviat, Rankin Inlet, and Baker Lake.<br />

ZAC / ATLAS-1 GROUP<br />

ATLAS-1 PROJECT<br />

Polymetallic:<br />

Cu-Zn-Ag-Au-Pb<br />

classic VMS target<br />

Gold:<br />

High Grade<br />

Archean<br />

Lode Gold<br />

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ZAC Quick Facts<br />

Target: Volcanogenic Massive sulphides (VMs)<br />

• The ZAC Property (3 full claims) completely covers a zinc, copper, silver and gold<br />

mineralized system consisting of multiple zones over a strike length in excess of 2.5<br />

km, which was the subject of a historic exploration program.<br />

• Largest and most important system can be traced both on surface and with<br />

geophysics for almost 1.5 km.<br />

• Check assays taken during due diligence (Archibald 2009) are consistent with<br />

previous systematic sampling of the outcropping zones by the Property owners as<br />

follows; and confirm the polymetallic nature of the deposit:<br />

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Zn % Cu % Ag g/t Au g/t<br />

0.26 - 20 Trace – 8.9 1.08 - 517 0.01 - 8.71<br />

Photographs of two samples from the ZAC Property are on the following page.<br />

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Zac Samples<br />

Zn 20%<br />

Cu 8.91%<br />

Zn 10.7%<br />

Ag 517gr<br />

Au 8710 ppb<br />

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Gravity Signature of ZAC Property<br />

• Gravity surveys on the ZAC Property<br />

have produced the gravity signature to<br />

the left (pink colour represents gravity<br />

high readings) red dots represent EM<br />

(geotem) sources.<br />

• This represents a strike length of<br />

approximately 2.6 km.<br />

• Note the secondary gravity feature<br />

below the large pink zone in the right of<br />

the image interpreted as an offshoot of<br />

the main gravity feature.<br />

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3D Inversion of Gravity Signature - ZAC<br />

• 3-D interpretation of the gravity<br />

anomaly on the ZAC Property<br />

(previous slide).<br />

• Note the main feature remains<br />

open to depth and the existence of<br />

two additional features which are<br />

largely “masked” by the<br />

gravitational strength of the main<br />

feature (left and right of the main<br />

feature in the image) .<br />

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ATLAS-1 Quick Facts<br />

• VMs discovery (Cu, Zn, Pb) with localized abundances of both silver and<br />

gold (1348 g/t Ag, and 11.19 g/t Au over 3.6m).<br />

• Evidence suggests that there is possibly a secondary gold/silver system<br />

superimposed on the VMs system.<br />

• Mineralization and an Iron Formation marker horizon have been encountered<br />

in all 12 holes drilled into the occurrence over a strike length of 2.4 km (two<br />

of the holes encountered only anomalous metal values). The geophysical<br />

signature continues to the north east for a total strike length of ~7.2km.<br />

• Locally a depth extension of at least 200m has been demonstrated by<br />

drilling. The occurrence remains open to depth.<br />

• A large 1.3km long gravity anomaly (survey extents, within the 7.2 km<br />

geophysical anomaly) has not been adequately explained by the drilling.<br />

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ATLAS-1 Stylized Cross Section<br />

The illustration shows a schematic<br />

vertical section through grid-line 24+50<br />

east, and depicts a generalization of<br />

the geology encountered at the<br />

ATLAs-1 occurrence. holes are<br />

collared in the footwall (mainly felsic<br />

volcanics with mafic intrusives), and<br />

pass from this unit into an alteration<br />

zone with stringer mineralization. The<br />

next unit encountered are the sulphide<br />

lenses, and then back into a short<br />

interval of felsic volcanics before<br />

passing through an iron formation<br />

marker horizon and into the<br />

hangingwall (comprised primarily of<br />

mixed mafic and felsic volcanics).<br />

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ATLAS-1 Drillhole Plan<br />

The illustration shows the<br />

locations of the 12 holes that<br />

were drilled during the<br />

summer 2012 ATLAs-1 drill<br />

program. Most drilling was<br />

executed along the 1.5km<br />

long conductor labelled as<br />

L5N. In the illustration black<br />

lines depict primary<br />

conductors, and green lines<br />

depict "out of phase" or<br />

quadrature conductors. All<br />

holes in the program hit<br />

mineralization with the iron<br />

formation marker horizon.<br />

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ATLAS-1 Occurrence Surface Grab Samples<br />

Cu: 10.6%<br />

Zn: 11.5%<br />

Ag: 772 g/t<br />

Au: 6.1 g/t<br />

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Zn: 26.7%<br />

Ag: 420 g/t<br />

Au: 3.51 g/t<br />

Pb: 6.3%<br />

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3-D Inversion of Gravity Signature - ATLAS-1<br />

• 3-D interpretation of the gravity<br />

anomaly on the ATLAs-1 occurence.<br />

1.3 km<br />

• Note that there are two main gravity<br />

features in this image, one to the<br />

north, and a less well defined one to<br />

the south.<br />

• The main Gravity anomaly represents<br />

a strike length of ~1.3 km, which<br />

appears to continue beyond surveyed<br />

area.<br />

• approximate location of the main<br />

focus of drilling.<br />

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Section View of Gravity Inversion - ATLAS-1<br />

• section view of the 3-D<br />

gravity inversion shows a<br />

large continuous body below<br />

surface, which remains open<br />

to depth.<br />

• This anomaly has not been<br />

adequately explained by drill<br />

results to date.<br />

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ATLAS-1 Extension<br />

ATLAS-1<br />

The original extent of<br />

the ATLAs-1<br />

geophysical signature.<br />

Drilling focussed in the<br />

center of the original<br />

ATLAs-1 anomaly. The<br />

occurrence remains<br />

open in the south<br />

west, and in the north<br />

east towards the<br />

extension zone.<br />

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Drill Hole collar locations on the ATLAS-1 Property<br />

Collars (green dots)<br />

are shown on a<br />

background of Total<br />

Field Magnetics with<br />

anomalies from the<br />

2011 airborne<br />

Electromagnetics<br />

survey (coloured<br />

squares) and profiles<br />

from the 2012 ground<br />

Electromagnetics<br />

survey.<br />

ATLAS-1 2011<br />

SUMMER DRILL PROGRAM<br />

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RB Property<br />

• historic gold showing last explored in the late 1980’s yielded surface samples<br />

of 126.9 g/t over 1m, and 12.8 g/t over 8m from drilling.<br />

• Claims were re-staked by <strong>Anconia</strong> in 2010.<br />

• In july 2011, <strong>Anconia</strong> prospected the area, of 73 samples taken 22 returned<br />

Gold assay values in excess of 2 g/t, many of which were in the 20 – 50 g/t<br />

range. The highest assay value returned was 144 g/t.<br />

• In september 2011, confirmation samples were taken, which assayed up to<br />

196 g/t, and indicated the presence of coarse gold.<br />

• The gold occurs mainly in mineralized faults running roughly east-west, which<br />

vary in width from a few cm to 20m. There appears to be a zone of about<br />

1000m strike length with a large concentration of elevated gold values (see<br />

map on following page).<br />

• Potential for a large structurally controlled mineralized system.<br />

• Located approximately 45km EsE of ZAC Claims.<br />

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Upcoming Work<br />

• Potential advanced 3 dimensional geophysics at the Melchett Lake<br />

base metal property<br />

• Follow-up drilling at Melchett Lake, Relf zone<br />

• 3-Dimensional interpretation of results of ATLAs-1 drilling program<br />

• Advanced processing of existing geophysical data at ATLAs-1<br />

• Begin permitting process for ground work and drilling in 2013 on the<br />

RB Property (gold target)<br />

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The <strong>Anconia</strong> Team<br />

MANAGEMENT TEAM:<br />

Jason Brewster, President and CEO: Mr. Brewster received his M.sc. in mining engineering from the<br />

Camborne school of Mines in Cornwall, England and his B.A. from the University of Western Ontario. For<br />

14 years, Mr. Brewster has been active in all facets of the mining industry from grass roots prospecting to<br />

being instrumental in bringing a mine out of care and maintenance back into production.<br />

Harvey McKenzie, CFO: Mr. McKenzie is a Chartered Accountant with more than 35 years’ experience,<br />

including seven years with an international public accounting firm. he is currently the CFO and <strong>Corp</strong>orate<br />

secretary of <strong>Anconia</strong> <strong>Resources</strong> <strong>Corp</strong>. and a Director and the CFO of Manor Global Inc. During the past<br />

ten years, Mr. McKenzie has served as CFO of several Canadian, publicly listed, exploration, development<br />

and producing mining companies. his public company experience includes the TsX, TsXV and AIM, giving<br />

him a solid grasp of global reporting standards, IFRs and consolidation of reporting for worldwide entities.<br />

Mr. McKenzie holds a Bachelor of science degree in Mathematics from the University of Toronto.<br />

BOARD OF DIRECTORs:<br />

Jason Brewster – CEO, Director and Interim Chairman<br />

Denis Clement – Lead Director<br />

Dr. James M. Franklin – Director<br />

John Sadowski – Director<br />

Michael Florence – Director<br />

TEChNICAL ADVIsORs:<br />

Norm Brewster – P.Geo<br />

Neil Novak – P.Geo<br />

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