High-grade, resource expansion opportunities at Volcan, Tranca, Panteon Northeast, Talavera extension and Southwest Riscos De Oro which are not yet included in the Company’s Resources.

Approved a US$22 million exploration budget for 2022 including 85 km of drilling focused on resource expansion and discovery with nine drill rigs currently operating across the assets.

Infill drilling to advance technical studies at the Eastern Borosi Project (“EBP”) including Riscos de Oro underground and Guapinol/Vancouver open pit mines.

2022 programs have been designed to target >250,000-ounce deposits to help bolster the Company’s project pipelines, providing a solid base for future growth.

Completed in excess of 100 km of drilling with the objective of putting five years of mine life into Reserves (End of Year 2021 Resource and Reserve update planned for end of Q1 2022).

Year end 2020 reserves increased 200% to 864,000 ounces grading 4.49 g/t gold after depletion 1.

(TSX: CXB OTCQX: CXBMF) (the 'Company' or 'Calibre') is pleased to provide an update in respect of the Company's 2022 discovery and resource expansion drilling programs at Limon, Libertad, Pavon and Eastern Borosi in Nicaragua, highlighting results from 2021 and outlining key 2022 targets and objectives.Ģ021 Exploration Highlights and 2022 Key Objectives

03, 2022 (GLOBE NEWSWIRE) - Calibre Mining Corp.

Calibre program