Gold $ 1833.60 4.50

Silver $ 27.54 0.09

Palladium $ 2940.10 46.60

Platinium $ 1262.70 14.70

Calibre Reports Strong First Quarter 2021 Production and Costs, Including Initial High-Grade Ore Delivery from Pavon Norte

Darren Hall, President and Chief Executive Officer of Calibre, stated: “Calibre had a strong start to the year reflecting the integration and expansion of our ‘hub-and-spoke’ strategy. Limon to Libertad ore transport continues steadily at approximately 1,000 tonnes per day. As previously disclosed, we initiated mining and hauling high grade ore from Pavon Norte, leading to a 39% increased average grade milled during the quarter compared to Q1 2020. The addition of Pavon, which will continue to ramp up throughout the year, demonstrates the value of adding new mining spokes without the significant capital cost. The strong production numbers re-enforce our ability to meet guidance and therefore we expect to generate solid operating cash flows to self-fund our exploration and growth investments. With this in mind, we have turned our attention to the Eastern Borosi Project, where we have another high-grade inferred resource which we believe we can expand and develop to be our next mining spoke to feed Libertad.”

For further information, please contact:

Ryan King
Vice President, Corporate Development & IR
T: 604.628.1010
E: calibre@calibremining.com
W: www.calibremining.comhttp://www.calibremining.com

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