Calibre Mining Appoints David Splett as Senior Vice President & Chief Financial Officer

Rhea-AI Summary

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announces the appointment of David Splett as Senior Vice President and Chief Financial Officer effective November 29, 2021. Darren Hall, President & CEO, expressed enthusiasm about Splett's extensive experience, which spans over 30 years in financial and operational roles across various sectors, including precious metals. Prior to Calibre, Splett held CFO positions at Elevation Gold and Goldcorp, among others. This strategic addition aims to enhance Calibre's leadership as it continues to develop into a mid-tier gold producer.

Positive

• David Splett's extensive experience in financial and operational roles could bring fresh perspectives to Calibre.
• Splett's background includes significant roles in successful companies, enhancing the credibility of Calibre's executive team.

Negative

• Potential concerns about continuity and integration of Splett into the existing leadership structure.

VANCOUVER, British Columbia, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to announce the appointment of David Splett as Senior Vice President and Chief Financial Officer effective November 29, 2021.

Darren Hall, President & Chief Executive Officer of Calibre, stated: “I am delighted to welcome David Splett to the Calibre team as SVP & CFO. David’s demonstrated leadership in both C-suite and operational roles will strengthen our executive team as we continue our journey of becoming a multi-jurisdictional quality mid-tier gold producer.”

Mr. Splett comes to Calibre with 30 years of international experience, and a demonstrated track record of success in financial and operational roles spanning base & precious metals, industrial minerals, and oil & gas. Prior to joining Calibre, Mr. Splett was the CFO of Elevation Gold. He has also held the positions of CFO Latin America at Goldcorp, Vice President Finance at Mosaic, CFO at Minera Panama and CFO at Antamina. David has degrees in Economics and Administration, along with a Master’s degree in Operations Research and an MBA. David is a Certified Public Accountant.

ON BEHALF OF THE BOARD

"Darren Hall"

Darren Hall, President & Chief Executive Officer

For further information, please contact:

Ryan King
Senior Vice President Corporate Development & IR

T: (604) 628-1012
E: calibre@calibremining.com
W: www.calibremining.com

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed international gold mining and exploration company with three 100%-owned operating gold mines and strong exploration assets located in highly prospective gold regions across Nicaragua. The Company is focused on unlocking resources and generating value through sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon Gold Project, Calibre has proceeded to integrate its operations into a 'hub-and-spoke' operating philosophy whereby the Company can take advantage of reliable infrastructure, favorable transportation costs, and multiple high-grade ore sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.

Cautionary Note Regarding Forward Looking Information

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond Calibre's control. For a listing of risk factors applicable to the Company, please refer to Calibre's annual information form for the year ended December 31, 2020, available on www.sedar.com. This list is not exhaustive of the factors that may affect Calibre's forward-looking statements.

Calibre's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Calibre does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements.

FAQ

Who is David Splett and what experience does he bring to Calibre Mining Corp. (CXBMF)?

David Splett is the newly appointed Senior Vice President and Chief Financial Officer of Calibre Mining Corp. He brings over 30 years of experience in financial and operational roles in sectors like precious metals, previously serving as CFO of Elevation Gold and Goldcorp.

When will David Splett officially start his role at Calibre Mining Corp. (CXBMF)?

David Splett will officially start as Senior Vice President and Chief Financial Officer effective November 29, 2021.

Why did Calibre Mining Corp. (CXBMF) appoint David Splett as CFO?

Calibre Mining Corp. appointed David Splett due to his extensive leadership experience in financial roles, which is expected to strengthen the company's executive team and support its growth strategy.