CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

Calibre Mining Corp. has successfully completed its acquisition of Fiore Gold Ltd. through a court-approved plan of arrangement. Former Fiore shareholders received 0.994 Calibre shares and C$0.10 cash for each Fiore share. The transaction involved the issuance of 101,321,923 Calibre shares and a cash payment of approximately C$10.2 million. Post-acquisition, current Calibre and former Fiore shareholders own about 77% and 23% of Calibre shares, respectively. Calibre now holds a 100% interest in Fiore's Pan Gold Mine and other projects, and plans to delist Fiore shares from the TSX Venture Exchange.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported strong operating results for Q4 2021, with gold production of 49,218 ounces and total production for the year reaching a record 182,755 ounces. The company also announced the acquisition of Fiore Gold, expected to close on January 12, 2022, enhancing its position as a mid-tier gold producer. For 2022, Calibre projects gold production between 180,000 to 190,000 ounces and aims for cash costs of $1,000 - $1,100 per ounce. The company ended 2021 with cash reserves of $78.4 million, up $25.2 million from the previous year.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced that its shareholders have overwhelmingly approved the issuance of up to 108,199,618 common shares related to the proposed acquisition of Fiore Gold Ltd. This resolution received approximately 99.79% approval. In parallel, Fiore shareholders also approved the acquisition, which is expected to finalize on January 12, 2022, pending court approval and other customary conditions. The shareholder meeting included votes from 68.33% of the outstanding shares.

Calibre Mining Corp. announced a special meeting for shareholders to approve the acquisition of Fiore Gold Ltd. which will strengthen its position as a diversified, Americas-focused gold producer. The acquisition aims for an annual gold production of 245,000 ounces. It includes a strong balance sheet with $96 million in cash and no debt, alongside the purchase of Fiore’s Pan Gold Mine and other projects. The meeting is scheduled for January 5, 2022, with voting deadlines on December 31, 2021.

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.

Calibre Mining Corp. (CXBMF) has announced promising results from its 2021 drilling program in the Volcán trend, revealing high-grade gold mineralization near the Libertad mill. Significant findings include:

• Good continuity of gold mineralization over a 1.5 km strike length, reaching depths of 100 to 250 metres.
• Eight out of nine drilled holes intersected significant gold veins.
• New high-grade zones have been confirmed at depths of 150 to 250 metres.

These results position Calibre for strong growth as it continues to explore and expand its resources.

Calibre Mining Corp. reported robust Q3 2021 results with gold production of 44,579 ounces, generating $79.2 million in revenue at an average price of $1,781/oz. The company experienced a net income of $15 million and cash on hand increased to $72.9 million. Consolidated Total Cash Costs were $980/oz, while All-in Sustaining Costs reached $1,097/oz. Notably, the acquisition of Fiore Gold aims to create a diversified mid-tier gold producer with a targeted annual output of 245,000 ounces. Calibre remains committed to expanding its resource base through strategic developments in Nevada and Nicaragua.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced the appointment of Thomas Gallo as Senior Vice President of Growth, effective immediately. Darren Hall, CEO, emphasized Gallo's expertise in capital markets and technical skills as vital for advancing the company's growth strategies. Calibre has a robust operational framework, including a 50% surplus capacity at the Libertad mill, and is well-positioned for future expansion through acquisitions in prime gold regions. Gallo, previously ranked among top Canadian analysts, expressed enthusiasm for enhancing shareholder value.