Anaconda Mining Inc. ("Anaconda" or "the Company") - (TSX:ANX) is pleased to
announce certain financial and operating results from the fiscal fourth quarter
and full year ended May 31, 2013. During the fourth quarter, the Company sold
4,367 ounces of gold and generated $6,780,307 in revenue at an average sales
price of $1,552 per ounce. The fourth quarter sales volume and revenue were
approximately 41% and 32% greater than the third quarter sales volume and
revenue, respectively. For fiscal 2013, the Company sold 14,879 ounces of gold
and generated $24,173,439 in revenue at an average sales price of $1,625 per
ounce. Compared to fiscal 2012, sales volume and revenue increased 24% and 21%,
respectively.


President and CEO, Dustin Angelo, stated, "Fiscal fourth quarter was a strong
performance with record results for gold sales volume and throughput. In the
latter half of fiscal 2013, we introduced initiatives to maintain higher
consistency in the operations, which manifested themselves in greater output and
has set the stage for the coming fiscal year. Since fiscal 2011, year-over-year,
the Company has demonstrated the ability to generate better and better operating
results as evidenced by fiscal 2013 sales volume being 24% higher than fiscal
2012 and 178% greater than fiscal 2011. With the improvements in Pine Cove's
operations and higher projected grade, we expect sales volume in FY 2014 to
exceed FY 2013."


FY Q4 2013 Mill Operations Overview:

The Pine Cove mill processed 84,768 dry tonnes of ore during the fourth quarter,
which is the highest quarterly volume achieved to date. The record throughput
represented 982 tonnes per operating day, compared to the budgeted amount of
967. The mill operated for 86 days at an availability rate of 93% and an overall
gold recovery of 84%, slightly exceeding budgeted expectations. The average head
grade of 2.19 grams per tonne, exceeded the 1.99 grams per tonne budgeted for
the quarter. The budgeted grade for the first quarter of fiscal 2014 is expected
to be 1.89 grams per tonne with the average grade for the full fiscal year
budgeted at 2.12 grams per tonne.


The following table summarizes the key operating statistics by quarter for the
fiscal year ended May 31, 2013:




                                  Q1 '13  Q2 '13  Q3 '13  Q4 '13  Total/Avg 
----------------------------------------------------------------------------
OPERATING STATISTICS:                                                       
----------------------------------------------------------------------------
Availability                          80%     94%     85%     93%        88%
----------------------------------------------------------------------------
Dry tonnes processed              62,865  76,292  63,822  84,768    287,747 
----------------------------------------------------------------------------
Tonnes per 24-hour day               856     887     830     982        891 
----------------------------------------------------------------------------
Grade (grams per tonne)             1.85    1.76    2.17    2.19       1.99 
----------------------------------------------------------------------------
Overall mill recovery                 84%     83%     83%     84%        83%
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Gold sales volume (troy oz.)       4,217   3,194   3,101   4,367     14,879 
----------------------------------------------------------------------------



The record throughput performance can be attributed to mechanical improvements
in the crusher and an extension in the crushing schedule. The mechanical
improvements increased availability and a 24-hour crushing schedule enabled Pine
Cove to build and maintain a large crushed ore stockpile during the quarter.
These changes provided a more consistent feed for the mill and allowed
operations to continue unaffected during any planned or mechanical downtime of
the crusher, thus resulting in record throughput for the fourth quarter.


At the end of the fourth quarter, Pine Cove initiated a crusher relocation
program, which will be completed in Q1 FY 2014. The relocation is meant to
further improve consistency in the crusher operations especially during the
winter months when the operations are typically hindered more by weather and
clean-up issues. Heat coils were installed in the new crusher pad to mitigate
snow buildup. The crusher has also been raised to enable easier access for
cleaning with heavy equipment. The operation also experimented with a de-icing
product in the latter part of last winter which will now become part of routine
winter operations. The relocation also allowed for the removal of one high
maintenance conveyor belt from the crushing circuit.


ABOUT ANACONDA

Headquartered in Toronto, Canada, Anaconda is a growth oriented, gold mining and
exploration company with a producing asset located on the Baie Verte Peninsula
in Newfoundland, Canada called the Pine Cove mine.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anaconda Mining Inc.
Dustin Angelo
President and CEO
(647) 260-1248
dangelo@anacondamining.com


ProConsul Capital Ltd.
Andreas Curkovic
Investor Relations
(416) 577-9927
acurkovic@proconsulcapital.com
www.anacondamining.com
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