Mr. Greg Smith reports

CALIBRE MINING STRENGTHENS MANAGEMENT AND BOARD OF DIRECTORS

Calibre Mining Corp. has appointed two seasoned mining professionals to its board of directors. Effective immediately, Russell Ball has been appointed as executive chair and Raymond Threlkeld joins the board as a director. Concurrent with these appointments, John Reynolds has stepped down from the Calibre board and will be continuing with the company as a member of the new strategic advisory board. Darren Hall has also joined the company as a member of the strategic advisory board.

Douglas Forster, director of Calibre Mining, commented: "We are very pleased to welcome Russell Ball and Raymond Threlkeld to the board. Both have long and successful track records in value creation in the mining sector and extensive experience in mergers and acquisitions, mine permitting, mine building, and operations.

"The board of directors would like to thank John Reynolds for his significant contributions to the growth of Calibre and we look forward to working with him as a member of the strategic advisory board. Having worked with Darren Hall when he was chief operating officer at Newmarket Gold, I am very pleased to welcome Darren to the Calibre team as a member of the strategic advisory board. As chief operating officer of Newmarket, Darren was instrumental in optimizing our gold operations, which ultimately led to the $1-billion merger with Kirkland Lake Gold in 2016."

Mr. Ball commented: "I am excited to join the Calibre team and look forward to helping grow the business. With over two million ounces of defined gold equivalent resources, two mid-tier gold partners in Iamgold and Centerra Gold, and an experienced management team and board, Calibre has an excellent foundation upon which to grow the business through strategic and value-accretive acquisitions."

Russell Ball, executive chair

Mr. Ball joined Goldcorp in May, 2013, as executive vice-president of projects and capital management. In December, 2014, he was appointed as executive vice-president of corporate development and capital projects. He served as chief financial officer and executive vice-president of corporate development from March, 2016, to October, 2017. Prior to joining Goldcorp, Mr. Ball served as executive vice-president and chief financial officer of Newmont Mining Corp. Over his 19 years with Newmont, Mr. Ball worked in internal audit, finance, treasury, operations/project and investor relations before joining the executive team as chief financial officer. Prior to Newmont, Mr. Ball was a manager with PricewaterhouseCoopers in Durban, South Africa. He qualified as a chartered accountant from the Institute of Chartered Accountants of South Africa and as a certified public accountant in Colorado.

Raymond Threlkeld, director

Mr. Threlkeld has over 32 years of experience in mineral exploration, mine operations and construction, and executive management. Most recently, Mr. Threlkeld was the president and chief executive officer of New Gold Inc., a New York Stock Exchange-listed mid-tier gold producer, and was a member of the New Gold board of directors from 2009 to 2018. Prior to his leadership at New Gold, Mr. Threlkeld was the president and chief executive officer of Rainy River Resources until 2013, when Rainy River was acquired by New Gold. Mr. Threlkeld was also a director of Northern Empire Resources Corp. from March, 2017, until Northern Empire was acquired by Coeur Mining Inc. in October, 2018. Mr. Threlkeld was the executive chairman of Newmarket Gold Inc. from July, 2015, to November, 2016, when the company merged with Kirkland Lake Gold in a $1-billion transaction. From 1996 to 2005, Mr. Threlkeld held a variety of senior executive positions with Barrick Gold Corp., rising to the position of vice-president of project development. During his tenure at Barrick, he was responsible for placing more than 30 million ounces of gold resources into production, including the development of the Pierina and Lagunas Norte mines in Peru, the Bulyanhulu mine in Tanzania, the Veladero mine in Argentina, and the Cowell mine in Australia. Mr. Threlkeld holds a BSc degree in geology from the University of Nevada.

Darren Hall, member of the strategic advisory board

Mr. Hall has over 30 years of experience in the mining industry and has proven to be a successful and trusted leader through his operational accomplishments. He has a proven record of increasing production, reducing operating costs, improving capital effectiveness, and promoting health, safety and business excellence. Mr. Hall joined Newmarket Gold in 2015 and was responsible for maintaining a strong foundation of quality gold production that yielded record operational results. Newmarket Gold was merged with Kirkland Lake Gold in a $1-billion transaction in 2016. Prior to joining Newmarket Gold, Mr. Hall worked for Newmont Mining, where he held roles of increasing responsibility throughout the organization for almost 30 years. Under his leadership as group executive operations for Newmont Asia Pacific, Mr. Hall managed a team of 14,000 employees producing 1.8 million ounces of gold annually from six operating mines across three countries. He also worked with Newmont in Peru, Indonesia and the United States, as well as in Australia as general manager of the Boddington gold mine, where he led a team of 1,800 employees producing 750,000 ounces of gold annually. Mr. Hall graduated with a bachelor of mining engineering (honours) degree from the Western Australia School of Mines in Kalgoorlie. Mr. Hall currently serves as principal of Hall Mining Services.

Following the board changes, Calibre Mining's board of directors now consists of the eight members listed in the attached table.

Name                                       Title

Russell Ball                     Executive chair          
Greg Smith           President, CEO and director
Douglas Forster                         Director                 
Blayne Johnson                          Director                 
Douglas Hurst                           Director                 
Raymond Threlkeld                       Director                 
George Salamis                          Director                 
Edward Farrauto                         Director                 

The strategic advisory board consists of two members: Mr. Reynolds and Mr. Hall.

Calibre Mining has granted 1.4 million stock options to directors, officers, employees and consultants of the company at a price of 45 cents for a period of five years. These options are subject to regulatory approval and are granted under the company's stock option plan. Following the completion of the company's recent financing, Calibre Mining has approximately $4.7-million in working capital, no debt, and 42.8 million shares issued and outstanding.

About Calibre Mining Corp.

Calibre Mining owns a 100-per-cent interest in over 413 square kilometres of mineral concessions in the mining triangle of northeast Nicaragua, including the Primavera gold-copper project and Santa Maria gold project. Additionally, the company has optioned to Iamgold (176 square kilometres) and Centerra Gold (253 square kilometres) concessions covering an aggregate area of 429 square kilometres, and is party to a joint venture on the 33.6-square-kilometre Rosita D gold-copper-silver project with Rosita Mining Corp. and Century Mining.

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