Anaconda Mining Receives $200,000 In Funding for In-House Continuing Education Program

TORONTO, April 26, 2018 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the "Company") (ANX: TSX) is pleased to announce that it has launched the development of an in-house continuing education system for its workforce. In conjunction with the launch, Anaconda has received $200,000 in non-repayable funding from the Newfoundland and Labrador Department of Advanced Education, Skills and Labour to create the first course, plan various delivery methods for the training, and assess the optimal delivery model. The Company has engaged Training Works Inc. of St. John's, Newfoundland ("Training Works") to manage the first stage of the development and then assist in ultimately creating four more courses in 2018. These courses will serve as the foundation of a fully integrated skills development system for Anaconda that will grow over time.

"As with any organization, our people are our greatest asset and we must invest in them for the long-term success of our Company. The purpose of creating an in- house continuing education program is to provide a systematic approach to training that can be offered to all of our employees. We want to give them continuing education in their particular technical discipline as well as other areas like management, finance, safety, innovation and continuous improvement. An employee that has a full range of skillsets and understands the bigger picture of what we are trying to accomplish at Anaconda will enable the Company to execute, at the highest level, on its goals and initiatives. The value of having a highly skilled, well trained and motivated workforce will ultimately accrue to our shareholders and other stakeholders."

~Dustin Angelo, President and CEO, Anaconda Mining Inc.

The first course will be developed in conjunction with the Baie Verte Campus of the College of the North Atlantic and the Canadian Manufacturers and Exporters (CME). The primary purpose of the first training program is to increase employee awareness around the costs of operating gold mines, in particular Anaconda's projects, and in doing so, empowering the employee to engage in process improvements. The project will involve the development of a customized training course that will utilize the key financial metrics of Anaconda's operations. The course will be delivered using three different models: classroom based, on-line and blended. A comprehensive evaluation will be conducted to determine the effectiveness of each model in regard to behaviour change and the impacts on Anaconda's bottom line.

"This innovative continuing education program is an example of the collaboration our government is encouraging through the Cabinet Committee on Jobs. As outlined in The Way Forward, the mining sector is one of this year's priority sectors for the committee. Our government's support for the continuing education program helps enhance employee retention and ultimately, the success of the company. I commend Anaconda Mining for taking a leadership role in the skills development of its workers."

~The Honourable Al Hawkins, Minister of Advanced Education, Skills and Labour, Newfoundland and Labrador

"It has been a privilege working with Anaconda on this project. They have an acute understanding that workplace learning is rapidly changing, and they are committed to creating a comprehensive learning ecosystem for their employees that is adaptable and agile, and that is incredibly innovative"

~Tamara Vatcher, Partner, Training Works Inc.

In 2017, Anaconda engaged with Training Works to work side-by-side with employees to better understand how they learned and to determine the key skills priorities for development. This process saw the identification of five key training priorities and the conception of a research-based approach to skills development to determine the best delivery model for training in the workplace. Anaconda will be sharing the results of this project with the Government of Newfoundland and Labrador as well as industry.

"We are committed to collaborating with key stakeholders to share knowledge, information and best practices. Upskilling the workforce of the future is a complex task and we are all facing the same reality. We need to work together to solve this challenge."

~Allan Cramm, Vice President Innovation and Development, Anaconda Mining Inc.

A version of this press release will be available in French on Anaconda's website (www.anacondamining.com) in two to three business days.

ABOUT ANACONDA MINING INC.

Anaconda Mining 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 Pine Cove open pit mine, the Stog'er Tight mine, the Argyle Mineral Resource, the fully-permitted Pine Cove Mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro Gold 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 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. 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.

SOURCE Anaconda Mining Inc.