CALIBRE MINING CORP ORD - CXBMF STOCK NEWS

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced significant additions to its senior management. New Vice President of Sustainability Petri Salopera brings extensive experience in community relations and sustainability, while Senior Manager of Regional Exploration Greg Myers adds geological expertise. Ground Transportation Manager Rigoberto Anaya will enhance transport efficiency. Additionally, Ryan King was promoted to Senior Vice President of Corporate Development and Investor Relations, and Paulo Santos to Vice President of Finance. These appointments are expected to strengthen Calibre's operational capabilities.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced positive results from its 2021 drilling program at the Limon Mine Complex. Key findings include:

• 13.35 g/t Au over 3.2 metres at Veta Nueva
• 5.5 g/t Au over 7.1 metres at Atravesada
• 4.85 g/t Au over 5.5 metres from hole LIM-21-4548.

CEO Darren Hall highlighted strong resource expansion potential with over 15 rigs operating. The company aims to commence high-grade ore production within the quarter, positioning itself favorably for continued growth.

Calibre Mining Corp. reported strong Q1 2021 results, with gold production of 45,452 ounces, the highest since Q3 2016. Key highlights include revenue of $82 million from gold sales, net income of $16.6 million, and a 13% increase in working capital to $79 million. The company achieved an AISC of $1,095 per ounce and a significant 200% increase in mineral reserves to 864,000 ounces. The Pavon Norte mine contributed to the production growth, showcasing Calibre's effective 'hub-and-spoke' strategy. The outlook for 2021 remains positive, with expected production of 170,000 - 180,000 ounces.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) will announce its first quarter 2021 financial results on May 3, 2021, after market close. The company will host a conference call and webcast on May 4, 2021, at 10:00 a.m. EDT to discuss these results. The conference can be accessed by dial-in or through a webcast link provided. Calibre Mining is focused on sustainable operations and growth, with two 100%-owned gold mines in Nicaragua, leveraging a hub-and-spoke strategy to optimize throughput and ore processing.

Calibre Mining Corp. announces the advancement of its 100% owned Eastern Borosi Project (EBP) in Nicaragua. A diamond drilling program was initiated to upgrade resources in three high-grade gold deposits. The EBP, covering 176 km², contains 700,500 ounces of gold and 11.4 million ounces of silver across six deposits. The project aims to become a key component of Calibre's 'Hub-and-Spoke' operating strategy, with exploration drilling planned for Q3 2021. The company anticipates a 30% production increase in 2021 compared to 2020.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) reported strong operating results for Q1 2021, achieving gold production of 45,452 ounces, the highest since Q3 2016. The company advanced the Pavon Norte mine, showing effective development with a 200% increase in Mineral Reserves to 864,000 ounces. Cash reserves rose to $58.2 million, up $5.1 million from last year. Positive drill results were noted, with ongoing exploration demonstrating growth potential. The production and cost guidance for 2021 remain on track amidst a growing operational strategy.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced an update on the Borosi exploration project, held under an agreement with Rio Tinto Exploration. This partnership allows Rio Tinto to earn a 75% interest by investing $45 million over 11 years. The exploration program covers a 667km² area and includes 5,500 meters of initial diamond drilling planned for 2021. Key targets like Carpatos, Doña Francesca, Timbuco, and Mina Victoria have been prioritized based on favorable geological settings. Over $20 million has been invested in exploration by Calibre over the last decade.

Calibre Mining Corp. (CXBMF) announced a substantial 202% increase in Mineral Reserves at its El Limon and La Libertad mining complexes as of December 31, 2020, translating to 864,000 ounces, the highest in a decade. The average reserve grade reached a record 4.49 g/t Au. This growth supports a multi-year production strategy. The company’s exploration efforts led to new discoveries at the Atravesada and Panteon zones and initiated a 60,000-metre drilling program. The expansion potential at several deposits positions Calibre for sustained growth and cash flow generation.

Calibre Mining Corp. announced the results of its Pavon Open Pit Gold Mine Pre-Feasibility Study (PFS), utilizing the Libertad mill's 2.2 million tonne per annum capacity. Key highlights include:

• Mine life: 4 years
• Average production: 47,000 ounces of gold annually
• Average cash costs: $650 per ounce
• After-tax NPV (5%): $106.4 million

With ore deliveries commenced, Calibre expects a consolidated gold production of 170,000 to 180,000 ounces in 2021. Exploration drilling aims to expand resources. The PFS report will be available on SEDAR in March 2021.