Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is pleased to report its financial and operating results for the three months ended March 31, 2020 ("Q1 2020"). The condensed interim consolidated financial statements and management discussion & analysis documents can be found at and the Company's website, . All dollar amounts are in Canadian dollars unless otherwise noted.

TORONTO, ON / ACCESSWIRE / April 23, 2020 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) (OTCQX:ANXGF) is pleased to provide an update on its 100%-owned Goldboro Gold Project ("Goldboro" or the "Project") located in Nova Scotia, Canada. Given the revised permitting timelines for the Project as discussed below, as well as COVID-19 related delays, the Company has initiated optimization work on the Project based on opportunities identified as part of work undertaken in connection with the preparation of a Feasibility Study, including a robust drill program designed to upgrade certain Inferred Mineral Resources into Indicated Mineral Resources.

Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) (OTCQX:ANXGF) is pleased to announceproduction results and certain financial information from the three months ended March 31, 2020 ("Q1 2020"), as well as provide a corporate update concerning the ongoing COVID-19 pandemic. All dollar amounts are in Canadian Dollars. The Company expects to file its first quarter financial statements and management discussion and analysis by May 13, 2020.