Continued Discoveries At The Pan Heap Leach Gold Mine

VANCOUVER - Calibre Mining reported on additional, near surface, resource expansion on its exploration programs at the Pan Heap Leach Gold Mine, located on the prolific Battle Mountain – Eureka gold trend in Nevada. Results at Pan continue to reveal gold grades higher than the stated Mineral Resource grade of 0.4 g/t gold. Drill results across the Pan mine property demonstrate the potential to increase resources, grade, mine life and confidence around the Pan mine.

Darren Hall, President and Chief Executive Officer of Calibre, stated: “Since acquiring Pan in early 2022, we have successfully increased Mineral Reserves by 50% net of two years of production depletion and with exploration success, we anticipate this trend could continue. The majority of today’s drill results contain grades that are higher than our stated Mineral Reserve grade and, in many cases, sit outside our Mineral Reserve pit shell. These results bode well for longevity to Pan’s future mine life.

We remain focused on reinvesting in our future with a demonstrated track record of delivery and growing consolidated Mineral Reserves, after 825,000 ounces of production, over the last four years. We continue to drill Pan and Gold Rock in Nevada, the multi-million-ounce Valentine Gold Mine in Newfoundland and Labrador with an additional 100,000 metre drill program underway and a multi-rig discovery and resource expansion drill program in Nicaragua.

Calibre Mining is proud to announce the release of our Valentine Gold Mine's 2023 Sustainability Brief, highlighting our unwavering commitment to a strong environmental, social, and governance performance across our operations. This report showcases our initiatives aimed at minimizing environmental impact, fostering community engagement, and ensuring the highest standards of responsible mining practices. By integrating robust sustainability performance at all phases of our mining cycle and transparent reporting, we continue to demonstrate Calibre's dedication to sustainable development, reinforcing our position as a leader in the mining industry and our commitment to creating long-term value for all stakeholders.”