TORONTO, Aug. 7, 2018 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") (TSX: ANX) (OTCQX: ANXGF) is pleased to announce that, on August 1, 2018, it registered its 100%-owned Goldboro Gold Project ("Goldboro", or the "Project") in
Nova Scotia, Canada, with the Nova Scotia Department of Environment, (the "Registration"). The
Registration is a significant milestone in the continued development of the Goldboro Gold Project which is scheduled to start
pre-production in 2020. The Registration document will be available for public viewing and comment for 30 days.
"The filing of the Registration document for the Goldboro Gold Project starts the clock on the permitting process and gets
us one step closer to pre-production in 2020. We look forward to working with the Government of Nova Scotia, Mi'kmaq of Nova Scotia, Municipality of the District of
Guysborough, and local communities on developing the next gold mine in the Province."
~ Dustin Angelo, President and CEO
A version of this news release will be available in French on Anaconda's website (www.anacondamining.com) in two to three business days.
ABOUT ANACONDA MINING INC.
Anaconda is a TSX-listed gold mining, development, and exploration company, focused in the prospective Atlantic Canadian
jurisdictions of Newfoundland and Nova Scotia. The Company
operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland,
comprised of the Stog'er Tight Mine, the Pine Cove open pit mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill
and tailings facility, deep water port, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also
developing the Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the
potential to leverage existing infrastructure at the Company's Point Rousse Project.
The Company also has a pipeline of organic growth opportunities, including the Great Northern Project on the Northern
Peninsula of Newfoundland and the Tilt Cove Property on the Baie Verte
Peninsula, also in Newfoundland.
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is
based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or
implied by such forward-looking information, including risks associated with the exploration, development and mining such as
economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual
results of current production, development and exploration activities, government regulation, political or economic developments,
environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with
development activities, employee relations, the speculative nature of gold exploration and development, including the risks of
diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans
continue to be refined as well as those risk factors discussed in the annual information form for the fiscal year ended
December 31, 2017, available on www.sedar.com . Although Anaconda has attempted to identify important factors that could cause actual results
to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
SOURCE Anaconda Mining Inc.
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