Mr. Darren Hall reports

CALIBRE STRENGTHENS ITS EXECUTIVE LEADERSHIP TEAM WITH THE APPOINTMENT OF CHIEF OPERATING OFFICER AND VICE PRESIDENT OF TECHNICAL SERVICES, NICARAGUA

Calibre Mining Corp. has appointed David Schummer as senior vice-president and chief operating officer, effective Oct. 1, 2024, and Stephen McCaughey as vice-president, technical services, Nicaragua.

Darren Hall, president and chief executive officer of Calibre, stated: "I am very pleased to welcome David Schummer as SVP and chief operating officer and Stephen McCaughey as vice-president, technical services, Nicaragua, as we continue to strengthen the team while transitioning from a junior gold producer to an Americas focused, multiasset mid-tier gold producer."

"Dave is a proven leader of large-scale mining companies with a focus on safety, optimizing asset performance, cost reduction and sustainability. Having worked with Dave at Newmont and seeing his capabilities first-hand, coupled with his Canadian, USA and Latin American open-pit and underground experience, I am confident that Dave is the right choice to lead our operations and optimize and grow production with a goal of creating significant value for shareholders.

"Stephen's extensive technical background, along with Latin American experience, will be invaluable in optimizing our operations in Nicaragua.

"I look forward to the contributions of both David and Stephen in their new roles."

Mr. Schummer -- senior vice-president and chief operating officer

Mr. Schummer has over 35 years of mining industry experience working in the United States, Canada, Peru, Indonesia, West Africa and the Middle East. Mr. Schummer is a proven executive leader of large-scale mining companies focused on building a strong health and safety culture and driving value creation through mining efficiencies. Mr. Schummer has seen significantly increasing levels of responsibility throughout his career. Prior to joining Calibre as chief operating officer, Mr. Schummer was the chief operating officer for Perseus Mining; and, prior to that, he was the president of Ma'aden Gold & Base Metals (MGBM) and was the chairman of the board for both MGBM and Ma'aden Barrick Copper Company (MBCC). Mr. Schummer previously held the role of executive vice-president and chief operating officer at New Gold Mining and spent 22 years at Newmont Mining Corp. While at Newmont, Mr. Schummer progressively moved into more senior roles, ultimately becoming the senior vice-president, Africa. Prior to his time in Africa, Mr. Schummer was Newmont's vice-president of North American operations, where he led a group of eight operating mines, including both open-pit and underground operations, which collectively produced approximately two million ounces of gold annually.

Mr. McCaughey -- vice-president, technical services, Nicaragua

Mr. McCaughey is a qualified geologist with a first-class honours degree in geology from Monash University and an MBA from the Melbourne Business School. Mr. McCaughey is a registered member of the Australian Institute of Geoscientists and has over 30 years of experience in the mining industry, including 14 years with BHP. He relocated permanently to Latin America 14 years ago and has been working exclusively in the region since then, with a particular emphasis on Mexico, Central America and South America. Mr. McCaughey has held numerous positions of increasing responsibility throughout his career, including development and exploration manager, Peru (Tintaya), for BHP-Billiton; exploration manager and managing director of Australian Securities Exchange listed Callabonna Resources; technical and operations director for Loyal King International; and vice-president, technical services, for Compania Minera Cerro Negro, Peru. Mr. McCaughey's most recent role prior to joining Calibre was regional manager, technical services, for Endeavour Silver Corp., based in Mexico, where he played a key role in the operational turnaround from 2020 onward.

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.