[5] Precipitation runoff from Anniversary Peak drains into Bugaboo Creek which is a tributary of the Columbia River.

Anniversary Peak is more notable for its steep rise above local terrain than for its absolute elevation as topographic relief is significant with the summit rising 1,350 meters (4,429 ft) above Bugaboo Creek in 4 km (2.5 mi).

Anniversary Peak was climbed by 43 persons of the Alpine Club of Canada in five parties in July 1946.

[7] The mountain's toponym was published in "A Climber's Guide to the Interior Ranges of British Columbia" by J.M.

Thorington in 1947,[5] and it was officially adopted on October 29, 1962, by the Geographical Names Board of Canada.