Anthem Resources Completes Financing

Anthem Resources Inc. (TSX.V: AYN; OTCQX: VAERF) ("Anthem" or the "Company") announces that it has closed the non-brokered private placement financing to raise up to $600,000, subject to regulatory acceptance, and has issued 2,915,000 FT Units for gross proceeds of $408,100.

Each FT Unit will comprise one common share at a price of $0.14 CDN per share and one half of a NFT share purchase warrant exercisable for 2 years at $0.20 per common share. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. In accordance with Exchange regulations, finders'' fees will be payable to accredited agents on that portion of the funds raised by third parties.

The gross proceeds from the flow-through common shares must be used to incur Canadian exploration expenses as defined by the Income Tax Act (Canada) by December 31, 2013, to be renounced effective December 31, 2012.

Funds from this financing will be used to advance the Athabasca Basin uranium exploration projects.

Anthem will also be receiving the second payment from Nickel North Exploration Corp. (TSX.V: NNX) of $500,000 in cash and $250,000 of NNX common shares by December 31, 2012 as part of the option agreement on the Hawk Ridge project (see news release dated April 10, 2012).

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 $7.2 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

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.