Mr. Darren Hall of Calibre reports

CALIBRE SECURITYHOLDERS APPROVE BUSINESS COMBINATION WITH EQUINOX GOLD

Holders of Calibre Mining Corp. common shares and holders of options issued under Calibre's amended and restated long-term incentive plan have approved the business combination with Equinox Gold Corp., pursuant to a plan of arrangement, whereby Equinox Gold will, among other things, acquire all the issued and outstanding Calibre shares. The vote was passed at Calibre's special meeting of securityholders held earlier today.

The arrangement was approved by: (i) 75.28 per cent of the votes cast by shareholders present in person or represented by proxy, and entitled to vote at the meeting; (ii) 76.33 per cent of the votes cast by shareholders and optionholders, voting together as a single class, present in person or represented by proxy, and entitled to vote at the meeting; and (iii) 74.87 per cent of the votes cast by shareholders present in person or represented by proxy, and entitled to vote at the meeting, excluding the votes cast by such shareholders that were required to be excluded pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The report of voting results will be available under the company's profile on SEDAR+.

With the approval by the securityholders, Calibre will now seek a final order from the Supreme Court of British Columbia to approve the arrangement at a hearing expected to be held on May 6, 2025. In addition to approval of the court, completion of the arrangement is subject to applicable regulatory approvals, including both Canadian (received) and Mexican competition authorization, the approval of the Toronto Stock Exchange (received) and the NYSE American for the arrangement, and for the listing and posting for trading of the Equinox Gold common shares to be issued in connection with the arrangement, and the satisfaction of certain other closing conditions customary for a transaction of this nature. If all conditions are satisfied or waived, the arrangement is expected to close by the end of Q2 (second quarter) 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.

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