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TORONTO, ON – September 4, 2019 - Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX: ANX)
(OTCQX: ANXGF) is pleased to announce results from 18 diamond drill holes (BR-19-72 to BR-19-76 and BR-19-86
to BR-19-97 and BR-19-99) drilled in the East Goldbrook Gold System (“EG Gold System”) at the Goldboro Gold
Project in Nova Scotia ("Goldboro"). The 4,391 metres of diamond drilling were part of a recently completed 5,734-
metre diamond drill program announced on February 28, 2019 and were designed to infill portions of the EG Gold
System (6 drill holes) to upgrade resource categorization (the “Infill Drill Program”) and to extend the EG Gold System
(12 drill holes) east of the 2018 resource model limits at Section 9550E (the “Extension Drill Program”) (Exhibit A, B
and C).

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