Mr. Darren Hall reports

CALIBRE ANNOUNCES CLOSING OF C$115 MILLION FINANCING

Calibre Mining Corp. has closed its previously announced bought deal financing for aggregate gross proceeds of $115,147,200.

Pursuant to the Offering, a total of 68,540,000 common shares of the Company ("Common Shares"), including 8,940,000 Common Shares issued pursuant to the exercise in full of the over-allotment option, were sold at a price of C$1.68 per Common Share. The Common Shares issued pursuant to the Offering were offered by way of a short form prospectus filed in all provinces and territories of Canada, except Quebec. The Offering was conducted through a syndicate of underwriters comprised of BMO Capital Markets, as lead underwriter, and Canaccord Genuity Corp., Scotia Capital Inc., Haywood Securities Inc. and Cormark Securities Inc.

This news release is not an offer to the public to subscribe for Common Shares or otherwise acquire Common Shares or other financial instruments in the Company.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Calibre

Calibre is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Newfoundland & Labrador in Canada, Nevada and Washington in the USA, 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.