Anaconda Mining Hosts "Exploration Summit" in St. John's, NL

TORONTO, ONTARIO--(Marketwired - Apr 9, 2014) - Anaconda Mining Inc. ("Anaconda" or "the Company") - (TSX:ANX) is pleased to announce that on Monday April 14, 2014, it will host an innovative exploration workshop at the Johnson Geo Centre in St. John's, NL (the "Exploration Summit"), focused on the Company's 6,000-hectare land package located on the Ming's Bight Peninsula, which is part of the greater Baie Verte Peninsula. The Exploration Summit will be attended by 24 participants who will discuss their relevant experiences, both regionally and internationally, and new technology that could benefit the Company in optimizing its exploration efforts. The Research and Development Corporation of Newfoundland and Labrador (the "RDC") has been assisting Anaconda by providing organizational support to the workshop.

The goal of the Exploration Summit is to help identify key geologic features and exploration tools that will advance the Company's known gold targets. Anaconda has invited individuals from the academic world and from industry who have relevant experience and expertise as it relates to the geology and gold mineralization around the Pine Cove project. The participants include individuals that have "on-the-ground" experience at Pine Cove and the surrounding area as well as those with international experience in similar geological environments and gold deposits. The expertise of the individuals varies across many geologic disciplines including structural geology, geochemistry and geophysics.

The Company anticipates that the Exploration Summit will help define potential new exploration targets. In addition, with the assistance of the RDC, Anaconda will attempt to develop research topics that could benefit the Pine Cove project and the Baie Verte / Ming's Bight area.

President and CEO, Dustin Angelo, stated, "We are very excited and optimistic about the opportunities that could come from the Exploration Summit. Never before has such an endeavor been contemplated in Newfoundland and Labrador. It is this kind of innovative thinking and coordination with academia, the RDC and other parts of government that will help Anaconda grow and continue to be a successful junior gold mining company. We appreciate the interest and contribution by all of those involved with bringing the Exploration Summit to fruition."

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.