Anacortes Mining Corp. announced drill results from the first two completed diamond drill holes at Tres Cruces. Both holes demonstrate the near-surface high grade continuity of the deposit and represent the first two of 22 planned drill holes currently underway in the prolific Quiruvilca Mining District in northern Perú.

ATC-500 is an infill hole with the objective of confirming gold grade, lithology, alteration, and metallurgical material type from the surrounding reverse circulation drill holes (RTC-003, RTC-222, and RTC-238) and core hole DTC-222. ATC-500 was drilled to a final depth of 150 m and intersected three significant intervals[1] tabulated in the Drill Results Table below. ATC-501 is a twin hole to confirm gold grade, lithology, alteration, and metallurgical material type reported in reverse circulation drill hole RTC-255.

The hole was drilled to a final depth of 496.30 m. The drilling program is being run by personnel from the Company's 100%-owned Peruvian subsidiary Aurifera Tres Cruces S.A. ("ATC"). All Anacortes sample assay results have been monitored through a rigorous quality control /quality assurance ("QA/QC") protocol which includes the random insertion of blind standards, coarse blanks, pulp blanks, pulp duplicate and reject duplicate samples. Samples will be randomly selected and sent for check assaying at a second laboratory as a further check as the drill program progresses.

Logging and sampling are conducted at Anacortes's core handling facility located in Trujillo, Peru. Drill core is diamond sawn at the Trujillo facility. The half drill-core samples are securely transported to ALS Global's Peruvian subsidiary, ALS Perú S.A, in Lima, Peru, where the samples are crushed, pulverized, and analyzed.

The gold content is determined by fire assay of a 50-gram charge, with Atomic Absorption finish. Silver and other elements are determined by ICP analysis. Samples reporting 5 g/t or more gold are assayed with a gravimetric finish.

Samples with a reported gold value 0.2 g/t or more undergo a cyanide leach assay for gold, silver and copper. Anacortes is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy of reliability of the data referred to herein. ALS laboratories is independent of Anacortes.