Mr. Dustin Angelo of Anaconda reports

ANACONDA MINING WITHDRAWS OFFER TO MARITIME SHAREHOLDERS

Anaconda Mining Inc. has withdrawn its previously announced premium takeover bid to acquire all the issued and outstanding shares of Maritime Resources Corp. Anaconda will not take up any of the Maritime shares tendered in connection with the offer.

"With the recently completed private placement, Maritime shareholders made it clear that they stood with management and wanted to pursue a stand-alone strategy to advance the Hammerdown project. Anaconda continues to believe that its offer was compelling and provided shareholders immediate appreciation in their Maritime shares. In addition, over the long term, Anaconda could have created more value for Maritime shareholders through the combination of the two companies' assets than what Maritime could have done on its own. Now that Maritime is behind us, we will focus on other opportunities we have in Atlantic Canada to grow our business," Dustin Angelo, president and chief executive officer, Anaconda Mining.

Notice to Maritime shareholders in the United States

The offer was made for the securities of a foreign company. The offer was subject to disclosure requirements of a foreign country that are different from those of the United States. Financial statements included in, or incorporated by reference into, the offer to purchase and circular of Anaconda to Maritime shareholders filed on SEDAR on April 13, 2018, if any, were prepared in accordance with foreign accounting standards that may not be comparable with the financial statements of U.S. companies.

You should be aware that Anaconda may purchase securities of Maritime at its discretion in open-market or privately negotiated purchases.

About Anaconda Mining Inc.

Anaconda is a Toronto Stock Exchange-listed gold mining, development and exploration company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, comprising the Stog'er Tight mine, the Pine Cove open-pit mine, the Argyle mineral resource, the fully permitted Pine Cove mill and tailings facility, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the Goldboro project in Nova Scotia, a high-grade mineral resource with the potential to leverage existing infrastructure at the company's Point Rousse project.

We seek Safe Harbor.