Point Rousse operation by ANX Classifies New & Potential Mineralized System

[goldglare]

Anaconda Mining is pleased to announce exploration drill results from the Company's Point Rousse operation in the Baie Verte Mining District of Newfoundland. These  diamond drill program included testing of six exploration targets consisting of 4,684.6 meters of drilling in 36 diamond drill holes (the "Exploration Program"). Drill holes at the Corkscrew and Big Bear targets identified two new mineralized systems within the Goldenville Trend (Exhibit B) and mineralization was also intersected in multiple holes within the Deer Cove Trend (Exhibit C).

Highlights of the Exploration Program include:

2.09 grams per tonne ("g/t") gold over 5.7 metres (85.0 to 90.7 metres) including 9.80 g/t gold over 0.5 metres in drill hole CS-21-004;
1.38 g/t gold over 5.7 metres (18.9 to 24.6 metres) in drill hole DC-21-158;
3.64 g/t gold over 2.8 metres (136.2 to 139.0 metres) in drill hole DC-21-153;
1.03 g/t gold over 5.4 metres (54.9 to 59.4 metres) in drill hole BB-21-001;
6.86 g/t gold over 1.0 metre (27.0 to 28.0 metres) in drill hole DC-21-152; and
1.34 g/t gold over 2.3 metres (41.7 to 44.0 metres) with a visible gold showing in drill hole DC-21-156.

ABOUT ANACONDA:
Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier Canadian mining jurisdictions of Newfoundland and Nova Scotia