Mr. Dustin Angelo reports

ANACONDA MINING COMMENTS ON PROPOSED "TAKE-UNDER" BID ANNOUNCED BY PLANTRO VENTURE GROUP

Anaconda Mining Inc. has commented on the press release of Plantro Venture Group Ltd. issued on Wednesday, July 29, 2015, which announces its intention to commence an offer to acquire all of the issued and outstanding common shares of Anaconda at a price of 3.5 cents, which is below the recent market price of the company's common shares.

Dustin Angelo, president and chief executive officer of Anaconda, commented: "The Plantro proposed offer is stated to be subject to due diligence and is significantly lower than our share price. When a formal offer is received, the board of directors of the company will meet and carefully review and consider such offer. Until such time, there is no formal offer to consider or respond to. The board will provide shareholders with updates as necessary. In the meantime, shareholders are urged to take no actions in connection with the offer."

We seek Safe Harbor.