Do you think regular exercise can reduce anxiety significantly?

I have not been diagnosed with anxiety but I have realised I am getting anxiety. The anxiety that I have is not that bad at all. I am quite anxious in certain situations but I can handle it. I know that a person should take up regular exercise anyway for their well-being. But, I have read that somewhere that exercise (60 minute sessions a couple of times a week), could reduce anxiety and maybe even eliminate anxiety.
What are your thoughts on this?

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