Mr. Darren Hall reports

CALIBRE DELIVERS FIRST ORE FROM THE VOLCAN OPEN PIT LOCATED 5 KM FROM THE LIBERTAD MILL, LEADING TO A STRONGER H2, 2024

Calibre Mining Corp. has made the first ore delivery to the Libertad mill from its 100-per-cent-owned Volcan deposit, located five kilometres south of the mill. Volcan is anticipated to be a meaningful contributor to the company's production profile during the second half of 2024.

Darren Hall, president and chief executive officer of Calibre, stated: "I am pleased with the rapid progress at the Volcan open pit, considering first ore delivery to the mill during July within a month of receiving environmental permits. Volcan will contribute to higher production in H2 given the initial open-pit resource averages 2.0 grams per tonne gold, and consequently we remain confident in delivering into our annual production guidance of 275,000 to 300,000 ounces. The addition of Volcan demonstrates the effectiveness of our hub-and-spoke operating strategy. With surplus capacity at the Libertad mill, there remains strong potential for low-cost, high-return-on-investment growth.

"Additionally, with engineering of the fully funded Valentine gold mine at 98 per cent, and construction at 77 per cent, we are confident in delivering first gold during Q2 2025, establishing Calibre as a quality mid-tier gold producer."

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, Canada; Nevada and Washington, 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.

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