TORONTO, ON / ACCESSWIRE / March 26, 2020 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX)(OTCQX:ANXGF) is providing an update on operations in light of the COVID-19 pandemic, including its specific response measures to the risk of COVID-19. As of today, Point Rousse continues to operate and to the Company's knowledge, no employees, contractors, or consultants directly involved with Anaconda, whether at corporate or at site, have been diagnosed with COVID-19. The Company's corporate office remains closed for the foreseeable future, and where possible, employees across the Company, including those in the corporate office, are working from home.

The Company has made the decision to suspend its exploration programs at the Tilt Cove Gold Project several weeks earlier than planned, in light of issues related to personnel travel across multiple regions and ensuring adherence to the principals of social distancing. During this period, the team will continue to work from home and compile and interpret the results of the program completed to date. Certain other programs at Point Rousse, Argyle and Zone 278, will also continue.

"Anaconda is committed to the health and safety of our employees, contractors, and stakeholders and we are continuously monitoring this changing situation with respect to the COVID-19 pandemic. We continue to operate at Point Rousse, observing strict occupational health and safety protocols around social distancing, however we recognize the situation is rapidly evolving. The Company maintains a good financial position and is taking all actions to ensure financial flexibility for many possible scenarios over the short-term."

- Kevin Bullock, President and CEO, Anaconda Mining Inc.

At this point, production activities in Q1 2020 have not been impacted by the COVID-19 pandemic, and a number of strict health and safety protocols have been established to minimize risk to our employees and contractors, including strict social distancing policies, limitations on group sizes, additional cleaning, and sterilization measures. All work-related travel has been banned, and anyone returning from international or out of province travel must adhere to a two-week quarantine period.

The Company has established an internal committee that meets multiple times per week to monitor the situation and refine protocols based on recommendations from medical authorities. Anaconda will continue to closely monitor the situation and will provide updates as they become available.

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