Gold $ 1918.20 -2.70

Silver $ 24.90 -0.04

Palladium $ 2400.40 41.30

Platinium $ 898.40 14.50

Calibre Mining, Proven And Probable

Calibre Makes Final Acquisition Payments Totaling US$15.5 Million to B2Gold Ahead of Schedule; Now Debt-Free and Generating Significant Free Cash Flow

Russell Ball, Chief Executive Officer of Calibre, stated: “I want to once again thank B2Gold for extending the repayment terms when we suspended operations in March due to the pandemic. With a strong third quarter at the operations, significant free cash flow generation and US$56 million on hand at quarter-end, we elected to repay the amounts owed to B2Gold on the original repayment schedule. Because that’s what good partners do.”

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed gold mining and exploration company with two 100%-owned operating gold mines in Nicaragua. The Company is focused on sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon Gold Project, Calibre has proceeded to integrate its operations into a “Hub-and-Spoke” operating philosophy, whereby the Company can take advantage of reliable infrastructure, favorable transportation costs, and multiple high-grade mill feed sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.

For further information, please contact:
Ryan King
Vice President, Corporate Development & IR
T: 604.628.1012
E: calibre@calibremining.com
W: www.calibremining.com

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