Kevin Bullock Joins Board of Directors of Anaconda Mining

TORONTO, July 7, 2015 /CNW/ - Anaconda Mining Inc. ("Anaconda" or "the Company") – (TSX: ANX) is pleased to announce that Kevin Bullock has joined its board of directors. Mr. Bullock is a registered Professional Mining Engineer in the province of Ontario and currently serves on the board of directors of B2Gold Corp. and Metallum Resources Inc. He is also President of Lindsay Mine Services Ltd., a mining industry consultancy. Mr. Bullock was Volta Resources Inc.'s President and CEO and was the founding President and CEO of Goldcrest Resources Ltd. (a Volta predecessor company) since its launch in 2002. He was instrumental in the growth of Volta from a shell company through to the ultimate sale of the company to B2Gold at the end of 2013. Mr. Bullock has over 25 years of experience, at senior levels, in mining exploration, mine development and mine operations. Throughout his career, he has been involved in various projects from inception through exploration to development and production.

President and CEO, Dustin Angelo, said, "On behalf of Anaconda, I would like to welcome Kevin 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. Kevin's experience and expertise will serve us well as Anaconda plans to grow through the development of existing properties and the acquisition of other projects."

ABOUT ANACONDA

Headquartered in Toronto, Canada, Anaconda is a growth oriented gold mining and exploration company with a producing project, called the Point Rousse Project, and approximately 6,000 hectares of exploration property on the Ming's Bight Peninsula located in the Baie Verte Mining District in Newfoundland, Canada. Since 2012, Anaconda has increased its property control by nine-fold. It is currently exploring three primary prospective gold trends which have approximately 20 kilometres of cumulative strike length and include four deposits and numerous prospects and showings, all within 8 kilometres of the Pine Cove mill.  The Company's plan is to discover and develop more resources within the project area and double annual production from its current rate of approximately 15,000 ounces to 30,000 ounces.

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: the expectations of the Company in expanding mineral resources and project mine life and the timing thereof, current and future market trends and growth opportunities and whether the Company will be able to capitalize upon them. 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, including the risks factors outlined in the Company's latest annual information form and other continuous disclosure documents filed at www.sedar.com, 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.

SOURCE Anaconda Mining Inc.