Mr. Ryan King reports

CALIBRE MINING ANNOUNCES C$100 MILLION BOUGHT DEAL FINANCING

Calibre Mining Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy, on a bought deal basis, 59.6 million common shares of the company at a price of $1.68 per common share for gross proceeds of $100-million. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about April 16, 2024, and is subject to Calibre receiving all necessary regulatory approvals.

The net proceeds of the offering will be used: (i) toward the continued development of the company's Valentine gold project, El Limon mine, La Libertad mine and Pan mine; (ii) to advance exploration programs; and (iii) for general corporate and working capital purposes.

The common shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada, excluding Quebec, and may also be offered by way of private placement in the United States.

About Calibre Mining Corp.

Calibre is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities, Calibre will unlock significant value.

We seek Safe Harbor.