Anaconda Mining's Dustin Angelo Named One of Top 50 CEOs in Atlantic Canada

TORONTO, May 14, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") – (TSX:ANX, OTCQX: ANXGF) is pleased to announce that Dustin Angelo, President and CEO of Anaconda, was recognized by Atlantic Business Magazine as one of Atlantic Canada's Top 50 CEOs for the third time. Mr. Angelo accepted his award in Halifax, Nova Scotia at an event hosted by Atlantic Business Magazine's publisher Hubert Hutton and emceed by "This Hour Has 22 Minutes" host Mark Critch.

"It was an honour to be in Halifax to receive the Top 50 CEO award and it's been great that Anaconda has been able to expand its presence in the Atlantic Canada region to Nova Scotia in the last year. We have made significant progress at our Goldboro Project and achieved some important value creating milestones. We recently published a positive Preliminary Economic Assessment, have seen exceptional results from our diamond drilling program, and will soon submit an Environmental Assessment application and begin a 10,000-tonne bulk sample. Our team has proven its ability to run a profitable and environmentally sustainable gold mine in Newfoundland and we intend to duplicate that success at Goldboro."

~ Dustin Angelo, President & CEO 

This year Atlantic Business Magazine celebrates the 20^th Anniversary of the Top 50 CEO Awards. Nominations are submitted by readers of the magazine and nominees are judged on their corporate, community and industry involvement, their company's growth in recent years, and their responses to various managerial challenges.

ABOUT ANACONDA MINING INC.

Anaconda is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.

The Company also has a pipeline of organic growth opportunities, including the Great Northern Project on the Northern Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte Peninsula, also in Newfoundland.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, the Company's future exploration, development and operational plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Anaconda's annual information form for the seven months ended December 31, 2017, available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Anaconda Mining Inc.

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