(0) NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, ON / ACCESSWIRE / April 30, 2021 / Anaconda Mining Inc. ("Anaconda" or the "Company") (TSX:ANX) (OTCQX:ANXGF) is pleased to announce that its previously announced flow-through private placement of flow-through common shares of the Company ("FT Shares") has been upsized by an additional $2,500,000, up to a total of $8,500,030 (the "Offering"). The Company has entered into an amended agreement with Raymond James Ltd. ("Raymond James") for the upsized Offering which will now offer up to 10,241,000 FT Shares at a price of $0.83 per FT Share. There will no longer be an option to place up to an additional 15% of the number of FT Shares purchased pursuant to the Offering. The FT Shares will be issued as "flow-through shares" with respect to "Canadian exploration expenses" within the meaning of the Income Tax Act (Canada). There can be no assurance as to whether or when the Offering may be completed, or as to the actual final size of the Offering. The Offering is expected to close on or about May 20, 2021, or such other date as agreed to between the Company and Raymond James.