Anaconda Mining Retires Provincial Government Loan; No Longer has Interest Bearing Debt

Anaconda Mining Inc. ("Anaconda" or "the Company") - (TSX:ANX) is pleased to
announce that on June 13, 2013, the Company made its final payment on a 5.5%
interest bearing loan, originally advanced in the amount of $500,000, from the
Newfoundland and Labrador Government's Department of Innovation Business and
Rural Development (formerly INTRD). The Company no longer has any interest
bearing debt on its balance sheet. There is just one outstanding interest-free,
federal government loan with approximately $230,000 in principal payments
remaining. The maturity date of this loan is December 1, 2014. 


President and CEO, Dustin Angelo, stated, "The partnership between Anaconda and
the Newfoundland and Labrador government has been fruitful for both parties. We
appreciate the government's commitment to both Anaconda and other local mining
projects. We feel that our relationship with the government is a valued asset
and we look forward to working with various departments like Innovation Business
and Rural Development in the future as we execute on our growth plans. The
elimination of the interest bearing debt frees up financial resources for other
initiatives such as our ongoing exploration and capital programs."


ABOUT ANACONDA

Headquartered in Toronto, Canada, Anaconda is a growth oriented, gold mining and
exploration company with a producing asset located on the Baie Verte Peninsula
in Newfoundland, Canada called the Pine Cove mine. 


FORWARD LOOKING STATEMENTS

This document contains or refers to forward-looking information. Such
forward-looking information includes, among other things, statements regarding
targets, estimates and/or assumptions in respect of future production, mine
development costs, unit costs, capital costs, timing of commencement of
operations and future economic, market and other conditions, and is based on
current expectations that involve a number of business risks and uncertainties.
Factors that could cause actual results to differ materially from any
forward-looking statement include, but are not limited to: the final approval of
the private placement by the Toronto Stock Exchange; the grade and recovery of
ore which is mined varying from estimates; capital and operating costs varying
significantly from estimates; inflation; changes in exchange rates; fluctuations
in commodity prices; delays in the development of the any project caused by
unavailability of equipment, labour or supplies, climatic conditions or
otherwise; termination or revision of any debt financing; failure to raise
additional funds required to finance the completion of a project; and other
factors. Additionally, forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on the
business. Forward-looking statements may include words such as "plans," "may,"
"estimates," "expects," "indicates," "targeting," "potential" and similar
expressions. These forward-looking statements, including statements regarding
Anaconda's beliefs in the potential mineralization, are based on current
expectations and entail various risks and uncertainties. Forward-looking
statements are subject to significant risks and uncertainties and other factors
that could cause actual results to differ materially from expected results.
Readers should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date hereof and we assume no
responsibility to update them or revise them to reflect new events or
circumstances, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anaconda Mining Inc.
Dustin Angelo
President and CEO
[phone]
[e-mail]
www.anacondamining.com


ProConsul Capital Ltd.
Andreas Curkovic
Investor Relations
[phone]
[e-mail]