Anaconda Mining Inc. announce further drill results from a completed infill drill program ("Drill Program") at its 100% owned Goldboro Gold Project in Nova Scotia, Canada ("Goldboro" or the "Project"). The Drill Program was comprised of 17,941.7 metres and was designed to convert priority Inferred Mineral Resources into Measured and Indicated Mineral Resources of the Goldboro Deposit as part of the ongoing feasibility study, which recognizes the opportunity for expanded open-pit mining areas as well as underground mining opportunities. Results from the current drilling (3,241.0 metres in 27 diamond drill holes) all reflect shallow drilling (<175 vertical metres) at the East Goldbrook Gold System ("EG Gold System") at the eastern end of the Goldboro Deposit (Exhibit A). These results demonstrate that numerous near-surface mineralized zones exist in the EG Gold System with similar geometry and location to the modelled mineral resource. In particular, the highest-grade intersections reported herein are consistent with other previously reported intervals of high-grade gold (>50.0 grams per tonne ("g/t")). A total of eleven (11) visible gold occurrences were also observed in these drill holes. To date, a total of 17,941.7 metres in 111 drill holes (BR-20-105 to BR-20-215) have been completed under the Drill Program, with assays from drill holes BR-20-105 to BR-20-183 previously reported in news releases dated September 3, 2020; October 5, 2020; November 11, 2020; and November 19, 2020. This release outlines the results for 3,241.0 metres in twenty-seven (27) diamond drill holes from BR-20-184 to BR-20-215 (however they exclude diamond drill holes BR-20-202, -207, -210, -211 and -213, which were drilled within the West Goldbrook Gold System ("WG Gold System")). Drill results from infill drilling in the WG Gold System will be reported once all assays from that area have been received and evaluated. The Drill Program is funded using existing flow through funds but has also benefited from a grant received from the Government of Nova Scotia through a Mineral Resources Development Fund, shared funding exploration grant MRDF-2020-SF-035.