First Phase Diamond Drilling Program At The Golden Eagle Project

VANCOUVER - Calibre Mining Corp. reported on the first phase diamond drill program at the Golden Eagle Project located in the Republic/Eureka Mining District in Ferry County, Washington. Golden Eagle hosts a pit constrained, Measured and Indicated resource of 2.02 million ounces at 1.4g/t gold with an Inferred resource of 155,000 ounces at 0.9g/t gold.

Initial drill results from the Golden Eagle program include: 4.30 g/t Au over 92.42 meters including 7.80 g/t Au over 17.3 meters in Hole GEC22-001; 2.90 g/t Au over 195.1 meters in Hole GEC22-003; and 2.38 g/t Au over 114.3 meters; 2.66 g/t Au over 19.8 meters and 2.65 g/t Au over 25.7 meters in Hole GEC22-006.

Darren Hall, President, and Chief Executive Officer, said, “The results from Golden Eagle reinforce the potential for this project to provide significant value to Calibre shareholders. The first phase of this drill program confirms a robust mineral system with consistent gold grades over broad widths. The Golden Eagle Project is a key asset within our United States operating platform which includes the Pan mine and the Gold Rock and Illipah projects in Nevada. I look forward to results from the second phase of drilling as well as the commencement of a comprehensive metallurgical program to fully assess this strategic assets’ potential. Golden Eagle is a meaningful contributor to the Company’s overall mineral resource estimate with 2.0 million ounces in Measured and Indicated Mineral Resource, adding positively to our organic growth strategy.”