The New Anaconda Company Announces Plans For Fully Reporting Status

SALT LAKE CITY, Dec. 14, 1999 (PRIMEZONE) -- Paul A. de Rome, President of The New Anaconda Company (OTCBB:NANA) stated today that filing of Form 10 to complete the company's transition to fully reporting status is expected to be completed within two weeks. Upon the effectiveness of registration under the Securities Act of 1934, the Company is considering applying directly to NASDAQ as it is over the asset qualification threshold for listing.

The following firms currently act as market makers for The New Anaconda Company shares:

-- Alpine Securities Corporation (801) 355-5588 -- Herzog, Heine. Geduld, Inc. (212) 962-0300 -- Hill, Thompson, Majid, & Co. (201) 434-8100 -- Sharpe Capital, Inc. (212) 417-8001

The New Anaconda Company is a technology company specializing in chemical engineering with a current emphasis on the recovery of base and precious metals.

The foregoing contains forward-looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors.


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