Anaconda Mining Inc. and Orex Exploration Inc. Receive Support From Leading Independent Proxy Advisors ISS and Glass Lewis For Arrangement

TORONTO, ONTARIO--(Marketwired - April 24, 2017) - Anaconda Mining Inc. ("Anaconda") (TSX:ANX) and Orex Exploration Inc. ("Orex") (TSX VENTURE:OX) are pleased to announce that leading proxy advisory firm Institutional Investor Services ("ISS") has recommended that shareholders of Anaconda and securityholders of Orex vote FOR the applicable resolutions in connection with the proposed court-approved plan of arrangement involving Anaconda and Orex pursuant to which Anaconda would acquire 100% ownership of Orex and shareholders of Orex would receive 0.85 of a common share of Anaconda for each common share of Orex (the "Arrangement"). In addition, leading proxy advisory firm Glass, Lewis & Co., LLC ("Glass Lewis") has recommended that shareholders of Anaconda vote FOR the applicable resolution with respect to the Arrangement. Glass Lewis did not issue a recommendation to securityholders of Orex on the proposed Arrangement.