Anaconda Mining Vice President of Exploration Elected President of CIM NL Branch

TORONTO, Nov. 9, 2017 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX) is pleased to announce that Anaconda's Vice President of Exploration, Paul McNeill has been elected President of the Newfoundland and Labrador branch of the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM NL"), part of the leading not-for-profittechnical society of professionals in the Canadian minerals, metals, materials and energy industries.

"We are proud to say that one of Anaconda's senior management team is giving his time and energy to an important organization like CIM NL as well as the greater mining community in Newfoundland and Labrador. Paul has a tremendous amount of experience in the mining industry and the leadership qualities to advance the agenda of the CIM NL. We know he will bring the same commitment and enthusiasm to CIM NL that he brings to Anaconda."

~ Dustin Angelo, President and CEO

CIM

Founded in 1898, the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") is the leading not-for-profit technical society of professionals in the Canadian minerals, metals, materials and energy industries.The CIM has three strategic goals: to create, curate and deliver relevant, leading-edge knowledge, to foster a robust, connected and engaged CIM community, to expand awareness of the essential contribution mining makes to society. Nationally the CIM has over 11,000 members, convened from industry, academia and government, with 10 Technical Societies and over 30 Branches. Members help shape, lead and connect Canada's mining industry, both within Canada and across the globe.

The vision of the CIM is as a resource sector that is broadly recognized and respected as an engine for sustainable growth and prosperity. The mission of the CIM is to champion the world's best practices and expertise for integrated resource development at home and globally.

PAUL MCNEILL

Paul McNeill joined Anaconda in 2014 as Vice President of Exploration. Formerly, he served as Principal Geologist with Paladin Energy Ltd. and Vice President of Exploration for Aurora Energy Resources Ltd. where he focused on the development of the Michelin Project in Labrador, as well as worked on projects in Australia and in Nevada, USA. Mr. McNeill has a special interest in developing and facilitating positive community and stakeholder relationships. Mr. McNeill is a Professional Geologist registered in the Provinces of Newfoundland and Labrador and Nova Scotia, is a Member of the Board of Mining Industry NL and President of the CIM Newfoundland and Labrador.

ANACONDA MINING INC.

Anaconda is a TSX-listed gold mining, exploration and development 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 Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight deposit, a new discovery called Argyle, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the recently acquired 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 Viking and Great Northern Projects on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation. Forward-looking information includes, but is not limited to, use of proceeds and TSX final acceptance of the Offering. 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 Anaconda's annual information form for the year ended May 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.

SOURCEAnaconda Mining Inc.

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