CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

Calibre Mining announces significant gold discoveries at its Valentine Gold Mine in Newfoundland & Labrador, extending 1,000 metres beyond known resources. Notable drill results include 2.43 g/t gold over 172.8 metres, 2.12 g/t gold over 95.4 metres, and 2.26 g/t gold over 78.3 metres at the Frank Zone. The Valentine project, currently 85% complete, is on track for first gold production in Q2 2025, targeting approximately 200,000 ounces annually for 12 years. The property hosts 3.95 Moz of Measured and Indicated Resources and 1.10 Moz of Inferred Resources across only 8 km of the 32 km Valentine Lake Shear Zone.

Calibre Mining announces significant high-grade drill results from its 2024 exploration program at the Limon Mine Complex in Nicaragua. Notable intercepts include 14.22 g/t gold over 37.0 metres at Limon Norte Open Pit and 12.96 g/t gold over 19.9 metres in the VTEM Gold Corridor. The drilling program revealed a new structure near surface at VTEM, and extended the Talavera deposit's strike length by 750 metres beyond historic workings. These results are expected to positively impact the company's year-end 2024 Mineral Resource estimate, with a maiden Talavera Mineral Resource declaration anticipated.

Calibre Mining reported Q3 2024 financial results, delivering 46,076 gold ounces in Q3 and 166,200 ounces year-to-date. The Valentine Gold Mine construction is 81% complete with C$197 million remaining cost, on track for first gold production in Q2 2025. The company holds approximately C$300 million in cash and secured an additional $55 million through a gold prepayment arrangement. Q3 consolidated revenue was $113.7 million with total cash costs of $1,580/oz and AISC of $1,946/oz. Q4 production is expected to be 70,000-80,000 ounces, with Nicaragua forecasting higher ore tonnes and a stockpile build of approximately 30,000 ounces for 2025 processing.

Calibre Mining Corp. announces Q3 and YTD 2024 gold production results and revises 2024 guidance. Key points:

• Q3 consolidated gold sales: 46,076 ounces (Nicaragua: 36,427 oz, Nevada: 9,649 oz)
• YTD consolidated gold sales: 166,200 ounces (Nicaragua: 140,646 oz, Nevada: 25,554 oz)
• 2024 production guidance revised to 230,000-240,000 ounces
• Q4 production expected to be 70,000-80,000 ounces
• Valentine Gold Mine construction 81% complete, on track for Q2 2025 production
• Valentine capital cost increased to C$744 million, fully funded

The company cites lower ore deliveries from Volcan open pit and mine sequencing changes at Limon as reasons for the guidance revision. Despite challenges, Q4 is expected to be the strongest production quarter of the year.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced two key appointments to strengthen its executive leadership team. David Schummer has been appointed as Senior Vice President & Chief Operating Officer, effective October 1, 2024. Schummer brings over 35 years of mining industry experience, having worked in various countries and held leadership positions at companies like Perseus Mining, Ma'aden Gold & Base Metals, and Newmont Mining

Stephen McCaughey has been appointed as Vice President Technical Services, Nicaragua. McCaughey is a qualified geologist with over 30 years of experience in the mining industry, including 14 years focused on Latin America. His most recent role was Regional Manager Technical Services for Endeavour Silver in Mexico.

These appointments are part of Calibre's transition from a junior gold producer to an Americas-focused, multi-asset mid-tier gold producer. The company expects these additions to contribute to optimizing operations, growing production, and creating significant value for shareholders.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced significant drill results from its 2024 exploration program at the Limon Mine Complex in Nicaragua. The company has made a new discovery called San Jose, located 2.5km north of the high-grade Panteon Norte deposit along the VTEM Gold Corridor. Highlights from San Jose include 13.26 g/t Au over 4.9 metres and 4.92 g/t Au over 10.3 metres.

Additionally, drilling at the past-producing Talavera underground gold zone has yielded high-grade results, including 6.38 g/t Au over 10.5 metres and 14.55 g/t Au over 1.0 metres. The company's 2024 Limon exploration program has also produced promising results, with intercepts such as 19.81 g/t Au over 3.8 metres and 16.52 g/t Au over 1.3 metres.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising results from ore control drilling at the Marathon Pit, part of the Valentine Gold Mine in Newfoundland & Labrador, Canada. The drilling revealed 47% higher gold grades and 44% more gold ounces compared to the 2022 Mineral Reserve model. A total of 196 reverse circulation (RC) holes were drilled, covering 4,915 meters in three benches planned for mining in 2025.

President and CEO Darren Hall highlighted the results as a confidence booster, with construction at 77% completion and first gold production expected in Q2 2025. Additionally, diamond drilling is ongoing as part of a 100,000-meter program aimed at discovering new gold mineralization.

These results solidify the 2022 Mineral Reserve estimates and enhance the company's outlook as it advances towards production. QA/QC measures ensured reliable sample analyses, performed at SGS facilities. Calibre remains focused on delivering sustainable value for shareholders and stakeholders.

Calibre Mining (TSX: CXB; OTCQX: CXBMF) has announced promising drill results from its Pan Heap Leach Gold Mine in Nevada. The exploration program revealed near-surface, above-reserve-grade gold mineralization, with highlights including:

- 0.45 g/t Au over 117.4 metres ETW in Hole PR24-113
- 0.56 g/t Au over 59.4 metres ETW in Hole PR24-111
- 0.46 g/t Au over 71.6 metres ETW in Hole PR23-208

These results suggest potential for increased resources, grade, and mine life at Pan. Since acquiring the mine in 2022, Calibre has increased Mineral Reserves by 50% net of production depletion. The company continues to focus on exploration across its assets, including the Valentine Gold Mine in Newfoundland and Labrador.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced promising drill results from its 2024 resource conversion and expansion program at the Eastern Borosi Mine Complex in Nicaragua. The drilling program has intercepted high-grade gold mineralization, with notable highlights including:

- 13.24 g/t Au over 5.8 metres ETW
- 9.24 g/t Au over 6.2 metres ETW
- 11.62 g/t Au over 3.8 metres ETW
- 7.81 g/t Au over 8.6 metres ETW

These results suggest significant potential for mine life extension and resource expansion within the 176 km2 Eastern Borosi land package. The company's CEO, Darren Hall, emphasized that these findings confirm the area's mineral endowment and high discovery potential.