High-Grade Drill Results From Talavera Deposit Within Limon Mine Complex

VANCOUVER - Calibre Mining Corp. reported on the drill program at the past producing Talavera mine, now known as the Talavera extension, located within the Limon Mine Complex 3 km from the Limon processing plant. These new intercepts continue to demonstrate the resource expansion and new discovery potential at the Limon mine complex.

Drill intercept highlights at Talavera include: 10.22 g/t Au over 4.2 meters including 15.25 g/t Au over 2.0 meters; 15.46 g/t Au over 6.7 meters including 18.09 g/t Au over 5.7 meters; 10.58 g/t Au over 7.9 meters including 15.18 g/t Au over 2.9 meters in Hole LIM-22-4688; 3.89 g/t Au over 2.5 meters including 5.85 g/t Au over 1.5 meters; 4.45 g/t Au over 20.9 meters including 8.09 g/t Au over 5.4 meters and 6.69 g/t Au over 3.5 meters; 9.31 g/t Au over 3.1 meters in Hole LIM-22-4677; 3.92 g/t Au over 3.6 meters in Hole LIM-22-4673; and 4.10 g/t Au over 4.2 meters in Hole LIM-22-4721.

Darren Hall, President, and Chief Executive Officer, said, “I am encouraged by these initial results from the drill program at Talavera, which is located only 3 km west of the Limon processing plant. While not currently included in the Company’s Mineral Resources, Talavera is a former underground producer with past production of 800,000 ounces of high-grade ore and represents another opportunity to grow our resource base given the multiple high-grade vein sets.

We see excellent exploration opportunities across our portfolio of assets I look forward to sharing the results as our 2023 drilling programs progress.”