Mr. Darren Hall reports

CALIBRE RECEIVES COURT APPROVAL FOR ARRANGEMENT WITH EQUINOX GOLD

The Supreme Court of British Columbia has granted the final order in connection with Calibre Mining Corp.'s plan of arrangement with Equinox Gold Corp., whereby Equinox Gold will, among other things, acquire all of the issued and outstanding Calibre shares. Pursuant to the arrangement, Calibre shareholders will receive 0.35 share of Equinox Gold common shares for each Calibre common share held.

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, the arrangement is expected to close by the end of Q2 (second quarter) 2025. Following closing of the arrangement, the Calibre shares are expected to be delisted from the Toronto Stock Exchange and the OTCQX. Following the delisting, it is anticipated that Calibre will apply to cease to be a reporting issuer under applicable Canadian securities laws.

For a more detailed description of the arrangement, please refer to Calibre's management information circular dated March 24, 2025, available on SEDAR+ and on Calibre's website.

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.

We seek Safe Harbor.