ST.JOHN'S, May 10, 2016 /CNW/ - On Friday May 6th,
representatives of Anaconda Mining (TSX:ANX) and The Golden Tulip participated in a ceremony hosted at Government House with the
Community Foundation of Newfoundland and Labrador (CFNL) to
launch its "We Remember" initiative in commemoration of the 100th anniversary of the Battle of Beaumont Hamel on
July 1, 2016.
The "We Remember" initiative will honour the sacrifices of past generations of Newfoundlanders and Labradorians by supporting
the current generation of men and women who have made the same commitment to serve our country.
Their Honours the Honourable Frank F. Fagan, CM, ONL, MBA and Patricia Fagan were presented with
the first two "We Remember" pins in a ceremony at Government House. This presentation recognizes the Lieutenant Governor's roles as
representative of the Crown, Honorary Colonel of the Royal Newfoundland Regiment, and patron of CFNL.
CFNL has partnered with local jeweller The Golden Tulip and Anaconda Mining to produce a limited edition forget-me-not pin made
of sterling silver and certified Newfoundland gold. Proceeds from the sale of the pin will be
donated to CFNL's Maple Leaf Fund, which provides emergency funding to military service members, veterans, and their families in
Newfoundland and Labrador through Military Family Resource
Centres in St. John's, Gander, and Goose Bay.
"This is the first time that jewellery crafted with certified Newfoundland gold has been
available for purchase. With the province-wide commemoration of the 100th Anniversary of the Battle of Beaumont Hamel,
Anaconda Mining is pleased to donate the gold for this initiative which acknowledges the sacrifices of the past while also
supporting current military personnel and their families."
~ Allan Cramm, Vice President of Mining Operations, Anaconda Mining
"We are proud to present the "We Remember" forget-me-not pin in support of this wonderful cause. Sometimes in business you get a
chance to do some real good. This was an opportunity for us to design and create a unique heirloom piece that not only commemorates
the fallen but honours the living members of Newfoundland and Labrador's military. You might say this pin takes us full circle."
~ Julie and Terry George, Owners, The Golden Tulip
"The Maple Leaf Fund provides direct support to military personnel and their families in this province at times when they're at
risk of falling through the cracks. As we look back on the Battle of Beaumont Hamel, one of the most significant tragedies in this
province's military history, we want to ensure that none of the military service members in our province today are forgotten or
left behind."
~ Paul McDonald, Chair of CFNL's Board of Directors
This custom-designed, sterling silver pin features three forget-me-not blossoms with an inset of certified Newfoundland gold to represent the past, present and future of the Royal Newfoundland Regiment in our
province. It can be worn as a lapel pin or jewellery item in recognition and remembrance of Newfoundland and Labrador's military service members past and present. Pins
are now on sale at The Golden Tulip, Water Street and online at www.TheGoldenTulip.ca
ABOUT THE COMMUNITY FOUNDATION OF NEWFOUNDLAND AND LABRADOR
The Community Foundation of Newfoundland and Labrador (CFNL)
promotes and sustains healthy communities across our province by providing grant funding to a wide range of community
organizations. CFNL combines a broad, province-wide reach with a grassroots focus on small organizations that can have a major
impact in their local communities. The foundation's goal is to address community problems and to enrich the lives of community
members. For more information, visit www.cfnl.ca
ABOUT THE GOLDEN TULIP FINE JEWELLERY
The Golden Tulip, based in St. John's, has built its reputation on European craftsmanship
fused with innovative and original design. This family owned business is the vision of Terry George,
a London trained goldsmith and his artist /designer wife Julia Bursey
George, a native Newfoundlander. Together they have been creating high quality jewellery for over 40 years as well as
representing the work of other top designers from around the world in their downtown store. Probably best known locally for
their "Newfoundland Collection", these award winning jewellers have captured the imagination and culture of Newfoundland and Labrador with such whimsical pieces as The Rolling Caplin,
Iceberg Alley, etc.
As the exclusive jeweller for Anaconda certified Newfoundland gold, The Golden Tulip
has only expanded its commitment to this province and their chosen profession.
It is with great pride that they present the "We Remember" Forget-me-not pin, not only to commemorate the fallen but
to honour the living members of the Newfoundland Regiment.
ABOUT ANACONDA MINING
Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse
Project and an exploration/development project called the Viking Project in Newfoundland.
The Point Rousse Project is approximately 6,300 hectares of 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 ten-fold on the peninsula and gold production to nearly 16,000 ounces per year. In an effort to expand production, it is
currently exploring three primary, prospective gold trends, which have approximately 20 km of cumulative strike length and include
five deposits and numerous prospects and showings, all within 8 km of the Pine Cove mill.
Anaconda also controls the Viking Project, which has approximately 6,225 hectares of property in White Bay, Newfoundland, approximately 100 km by water (180 km via road) from the Pine Cove mill. The project contains
the Thor Deposit and other gold prospects and showings. The company's plan is to discover and develop more resources within these
project areas and double annual production at the Pine Cove mill from its current rate of nearly 16,000 ounces to 30,000
ounces.
As the only pure play gold producer in Atlantic Canada, Anaconda Mining is turning the rock we
live on into a growing and profitable resource. With a young and motivated workforce, innovative technology and the support of
local suppliers, Anaconda is investing in the people of Newfoundland & Labrador and giving
back to the communities in which we operate – building a better future for all our stakeholders, from the ground up.
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.
SOURCE Anaconda Mining Inc.
Image with caption: "His Honour Frank Fagan, Lieutenant Governor of Newfoundland & Labrador and Mrs. Patricia Fagan wearing
the “We Remember” pin featuring certified Anaconda Newfoundland Gold. (CNW Group/Anaconda Mining Inc.)". Image available at:
http://photos.newswire.ca/images/download/20160510_C8123_PHOTO_EN_686430.jpg
Image with caption: "This custom designed, sterling silver pin features three forget-me-not blossoms with an inset of certified
Anaconda Newfoundland Gold representing the past, present and future of the Royal Newfoundland Regiment. (CNW Group/Anaconda Mining
Inc.)". Image available at: http://photos.newswire.ca/images/download/20160510_C8123_PHOTO_EN_686428.jpg
