CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced promising results from its ongoing drill program at the Pan Mine in Nevada. The multi-rig program includes 85,000 metres of drilling, with 50,000 metres dedicated to the Pan site. Significant assay results were reported from multiple targets including Black Stallion, Pegasus, Palomino, Dune, Syncline, and Dynamite, revealing potential for resource expansion. CEO Darren Hall emphasized the opportunity for growth, especially around higher-grade zones. Calibre continues to focus on enhancing resources and extending mine life.

Calibre Mining Corp. reported solid Q2 2022 financial results with gold sales of 59,783 ounces totaling $111.3 million in revenue, at an average price of $1,861/oz. Year-to-date figures show sales of 112,270 ounces and revenue of $210.8 million. Total cash costs were $1,174/oz, while all-in sustaining costs (AISC) were $1,284/oz. Adjusted net income for Q2 was $15.5 million, or $0.03 per share. The company anticipates continued growth with increased mineral reserves and has $92.3 million in cash on hand, allowing for funding of exploration and development projects.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported a record gold production of 59,723 ounces for Q2 2022, a 37% increase from the same quarter last year. With year-to-date production at 111,621 ounces, the company is on track for its guidance of 220,000 - 235,000 ounces for the full year. As of June 30, 2022, cash reserves reached $92.3 million, up $15 million from Q1 2022, with no debt. New drill results indicate significant exploration potential. An environmental permit has been received for the Pavon Central open pit development, poised to enhance long-term production.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced significant progress in its 35,000-meter drilling program at the Gold Rock project in Nevada. Results include high-grade intercepts such as 2.01 g/t Au over 45.7 m and 3.10 g/t Au over 18.3 m in various drill holes. The project, with a total land package of 78 km², is federally permitted, and Calibre expects to declare mineral reserves by the end of 2022. Ongoing metallurgical tests show promising gold recovery rates from heap leaching, enhancing the project's viability for further development.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced high-grade drilling results from its Panteon North zone at the Limon Mine Complex. Key findings include:

• 66.03 g/t Au over 5.6 metres in Hole LIM-22-4630
• 30.33 g/t Au over 5.0 metres in Hole LIM-22-4628
• 22.55 g/t Au over 4.9 metres in Hole LIM-22-4632
• 17.58 g/t Au over 2.4 metres in Hole LIM-22-4627
• 4.66 g/t Au over 1.7 metres in Hole LIM-22-4637

The results exceed expectations and indicate substantial opportunities for resource expansion.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced a multi-year outlook projecting increased gold production of 250,000 to 275,000 ounces for 2023, reflecting a 15% rise from 2022. Looking ahead to 2024, production is expected to reach 275,000 to 300,000 ounces, a 25% increase. This growth is supported by high-grade reserves developments, particularly at Pavon Central (6.5 g/t Au) and Eastern Borosi (6.8 g/t Au). The company also boasts $77.3 million cash at Q1 2022, no debt, and ongoing drilling programs to expand resources in Nevada and Nicaragua.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced the approval of the environmental permit for the Pavon Central open-pit mine in Nicaragua. This milestone allows the company to utilize excess capacity at its Libertad mill, contributing to production growth in 2023 and 2024 from a gold reserve of 6.49 g/t. The company aims to start production in Q1 2023 and has identified further resource expansion potential. Calibre continues to collaborate with local communities and regulatory authorities to ensure responsible development.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced that all matters presented at its Annual General Meeting (AGM) on June 15, 2022, were approved by shareholders. A total of 258,667,540 common shares were represented, equivalent to 57.73% of issued shares. Key approvals included the election of the Board of Directors and the re-appointment of PricewaterhouseCoopers LLP as external auditors for 2022. The election saw overwhelming support, with votes for directors exceeding 90% in most cases.