Tim Casgrain Joins Board of Directors of Anaconda Mining

TORONTO, ONTARIO--(Marketwired - Oct 10, 2013) - Anaconda Mining Inc. ("Anaconda" or "the Company") - (TSX:ANX) is pleased to announce that Tim Casgrain has joined its board of directors. Mr. Casgrain is currently a consultant to, and has been involved since 1997 with, Skyservice Investments Inc., a wholly owned Canadian aviation company. From 1976 to 2002, he served as Executive Vice President of Brookfield Asset Management and from 1988 to 1995 he was seconded to NBS Technologies Inc. as President and Chief Executive Officer. Mr. Casgrain began his career as a teacher with CUSO in Chad, Africa, and later became an accountant with Deloitte & Touche. Mr. Casgrain is currently the Chairman of the Toronto Rehab Foundation and HIPPY Canada. He is also a Honourary Director of the Canadian Foundation for Economic Education.

President and CEO, Dustin Angelo, said, "On behalf of Anaconda, I would like to welcome Tim to our board of directors and look forward to working with him. Over the last few years, Anaconda has been dedicated to strengthening its management team and board of directors as it matures as an operating company. The addition of Tim to the board of directors is another positive step in that direction."

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 growth, and is based on current expectations and assumptions of management that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to: current and future market trends and growth opportunities and whether the Company will be able to capitalize upon them. 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 are based on current expectations and 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 the Company assumes no responsibility to update them or revise them to reflect new events or circumstances, except as required by law.