Anaconda Mining Inc. announced the filing of a technical report prepared in accordance with National Instrument 43-101 with respect to a Feasibility Study for its 100%-owned Goldboro Gold Project in Nova Scotia, Canada. Highlights of the Feasibility Study: Total gold recovered of over 1.10 million ounces over an approximately 11-year open pit life of mine ("LOM") with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne ("g/t") gold; Pre-tax Net Present Value at a 5% discount rate ("NPV 5%") of CAD 484 million and a pre-tax Internal Rate of Return ("IRR") of 31.2%, with a projected pre-tax payback of 2.7 years; After-tax NPV 5% of CAD 328 million and an after-tax IRR of 25.5%, projected after-tax payback of 2.9 years; Maiden Open Pit Probable Mineral Reserves of 1,150,200 ounces of gold (15.8 million tonnes ("Mt") at 2.26 g/t gold); Open pit Measured and Indicated Mineral Resources of 1,422,000 ounces (15.7 Mt at 2.82 g/t gold) and Underground Measured and Indicated Mineral resources of 1,159,000 ounces (5.9 Mt at 6.09 g/t gold); Open pit Inferred Mineral Resources of 66,000 (0.98 Mt at 2.11 g/t gold) and Underground Inferred Mineral Resources of 418,000 ounces (2.2 Mt at 5.89 g/t gold); Initial capital cost ("Capex") of CAD 271 million and LOM sustaining capital of CAD 63.1 million; LOM Operating Cash Costs of CAD 966 (USD 773) per ounce1 and All-In Sustaining Costs ("AISC") of CAD 1,062 (USD 849) per ounce1; Projected creation of approximately 345 direct full-time jobs during construction and 215 direct full-time jobs during operations, while generating in excess of CAD 226 million in federal and provincial tax payments; Mill capacity of 4,000 tonnes per day ("tpd") based on a combined gravity and leaching circuit, yielding an average gold recovery of 95.8%; and At a gold price of CAD 2,200 (~USD 1,760), Goldboro could generate cumulative after-tax net cash flows of approximately CAD 684 million, an after-tax NPV 5% of over CAD 442 million and an after-tax IRR of 31.7%.