Mr. Darren Hall reports

CALIBRE ANNOUNCES RECEIPT OF THE FEDERAL ENVIRONMENTAL ASSESSMENT APPROVAL FOR THE BERRY PIT AT THE VALENTINE GOLD MINE, NEWFOUNDLAND & LABRADOR, CANADA

The Honorable Steven Guilbeault, Minister of Environment and Climate Change Canada, has approved the addition of a third open pit, the Berry deposit, at Calibre Mining Corp.'s 100-per-cent-owned Valentine gold mine. In August, 2023, an environmental assessment update was submitted to the Impact Assessment Agency of Canada regarding proposed changes to Valentine to include the Berry pit, and associated infrastructure changes. Following IAAC's thorough analysis of the submitted update, including the results of consultation with indigenous groups, communities and stakeholder organizations, and reviewing the results of IAAC's public comment process, Minister Guilbeault signed an amended decision statement approving the addition of the Berry pit.

Darren Hall, president and chief executive officer of Calibre, stated: "I am pleased to announce that we have obtained federal environmental approval for the development of the Berry pit at Valentine. With this approval and the recent issuance of provincial mining and surface leases for Berry and associated infrastructure, we now have the major approvals required for the three-pit mine plan included in the 2022 feasibility study.

"Since acquiring Valentine in January, we have progressed engineering to 98 per cent, advanced construction from 50 per cent to 77 per cent, and employed an experienced operations team, positioning us to deliver first gold in Q2 2025."

About Calibre Mining Corp.

Calibre is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.