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

Complied  with the Impact of Socio-Ecnomic Goldboro Project With a projected $2.1 billion on provincial GDP and the potential to generate 735 new jobs,

The socio-economic assessment, completed by Group ATN, an Atlantic-wide third-party independent consulting and applied research firm, outlines the potential benefits accruing to the Province of Nova Scotia and also to the Mi'kmaq of Nova Scotia. The full report is available on the Company's website at www.anacondamining.com.
Here are the main points for the Socio-Economic Impact of the Goldboro Gold Project:
*Over approximately 15 years Anaconda anticipates spending up to $1.7 billion on goods and services, the majority of which is expected to be in Nova Scotia, resulting in a potential provincial GDP impact of $2.1 billion.
*Household income in Nova Scotia may potentially increase by up to $1.1 billion from the development of the Project.
*Up to 538 full time direct jobs could be created during the two-year construction phase, of which 325 of those jobs are expected to be directly on site at the Project, along with a further 213 full time spinoff jobs each year over this period.
*Once operational, the Project is estimated to provide direct annual employment for approximately 215 full time positions at the Project site and 517 spin off jobs, in the Eastern Region of Nova Scotia where the current unemployment level of 14.2% exceeds the provincial average.
*Over the life cycle of the Project, including construction, operations and reclamation, the Goldboro Gold Project has the potential to create 735 new jobs a year in Nova Scotia for 15 years.
*Based on the current plan outlined in the Feasibility Study, the Project is estimated to generate $528 million in income and mining taxes at the federal, provincial and municipal level from direct and spin-off economic activity
*At $1.7 billion in direct spending and $2.1 billion impact on provincial GDP, the Goldboro Gold Project is currently the largest private sector undeveloped project in the Province of Nova Scotia and would be comparable to other planned projects including the Halifax Infirmary Expansion and the Sydney Container Terminal
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

Accomplishment in 2021

During 2021 Anaconda produced12,054 ounces of gold with the point Rousse operation as per their assessment to produce 12.000 ounces of gold in the year
During their research in September 2021 They observed diluted form of gold in Mine which is about 529,100 tons normally 1.99 grams per ton ("g/t") gold having 33,850 ounces.
Joint mineral reserves help out for healthy finance and they use the cash of $ 18.4 M by the deduction of taxes NPV (5%) of $17.4 million with an IRR of 1,631%, using a base case gold price of $2,000 (US$1,550) 1.
In 2021 they sell 12,218 ounces of gold and they got the return of $ 27.6 million from metal that stands for the gold price2 of C$2,261 (US$1,804) per ounce of gold.

As per the December 31 2021,Anaconda have the primary working capital of $ 1.4 million with a cash balance of  $ 10.1 million and the credit facility of 3.0$ million give them more strength
To continue probability on Gold Boro project they paid the amount of $ 5.0 million and ecological evaluation Document will be able to payback with in coming 9 months with the supply of overall 2,273 ounces of gold

Their preparation for 2022:
21,500-23,000 ounces of gold productions and sales are determined in 2022 appearing the yearly Top productions
Functional cash costs per ounce sold2 among $1,150 and $1,250 per ounce of gold (US$920 - US$1,000 at an estimated exchange rate of 0.80).

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

Successful productions by Anaconda  for 12054 ounces of Gold during 2021

Accomplishment in 2021

During 2021 Anaconda produced12,054 ounces of gold with the point Rousse operation as per their assessment to produce 12.000 ounces of gold in the year
During their research in September 2021 They observed diluted form of gold in Mine which is about 529,100 tons normally 1.99 grams per ton ("g/t") gold having 33,850 ounces.
Joint mineral reserves help out for healthy finance and they use the cash of $ 18.4 M by the deduction of taxes NPV (5%) of $17.4 million with an IRR of 1,631%, using a base case gold price of $2,000 (US$1,550) 1.
In 2021 they sell 12,218 ounces of gold and they got the return of $ 27.6 million from metal that stands for the gold price2 of C$2,261 (US$1,804) per ounce of gold.

As per the December 31 2021,Anaconda have the primary working capital of $ 1.4 million with a cash balance of  $ 10.1 million and the credit facility of 3.0$ million give them more strength
To continue probability on Gold Boro project they paid the amount of $ 5.0 million and ecological evaluation Document will be able to payback with in coming 9 months with the supply of overall 2,273 ounces of gold

Their preparation for 2022:
21,500-23,000 ounces of gold productions and sales are determined in 2022 appearing the yearly Top productions
Functional cash costs per ounce sold2 among $1,150 and $1,250 per ounce of gold (US$920 - US$1,000 at an estimated exchange rate of 0.80).

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