DRILLING INTERSECTS INCLUDE 111.92 G/T GOLD OVER 4.1 METRES AND 33.60 G/T GOLD OVER 2.6 METRES
Vancouver, B.C. – January 30, 2024: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre")
is pleased to announce additional exciting results from its 2023 exploration and delineation drilling program at the
Panteon VTEM Gold Corridor at the Limon Mine Complex. Previous results led to the discovery of the Panteon North
deposit which yielded over 240,000 ounces of Proven and Probable Mineral Reserves (944,000 tonnes at 9.4g/t Au).
The continued high-grade success within the Limon Complex continues to confirm the potential for resource
expansion in the region.
Drill intercept highlights along the Panteon VTEM Geophysical Gold Corridor include:
• 111.92 g/t Au over 4.1 metres ETW in Hole LIM-23-4866;
• 15.63 g/t Au over 5.7 metres ETW including 33.60 g/t Au over 2.6 metres ETW in Hole LIM-23-4869;
• 36.07 g/t Au over 2.2 metres ETW in Hole LIM-23-4799;
• 9.38 g/t Au over 9.9 metres ETW including 19.32 g/t Au over 4.5 metres ETW in Hole LIM-23-4817;
• 9.92 g/t Au over 9.6 metres ETW including 19.15 g/t Au over 3.9 metres ETW in Hole LIM-23-4843;
• 3.30 g/t Au over 11.2 metres ETW including 5.35 g/t Au over 3.3 metres ETW in Hole LIM-23-4794;
• 6.12 g/t Au over 5.8 metres ETW in Hole LIM-23-4862;
• 6.23 g/t Au over 5.1 metres ETW including 10.05 g/t Au over 2.4 metres ETW in Hole LIM-23-4850;
• 4.32 g/t Au over 6.5 metres ETW including 13.71 g/t Au over 1.8 metres ETW in Hole LIM-23-4853;
• 4.00 g/t Au over 12.0 metres ETW including 24.54 g/t Au over 1.7 metres ETW in Hole LIM-23-4855; and
• 7.19 g/t Au over 1.9 metres ETW including 14.90 g/t Au over 0.9 metres ETW in Hole LIM-23-4865.
Note: Estimated True Widths for reported vein intercepts are based on 3D models of the individual veins. Estimates are determined in cross-section by measuring the
modelled vein thickness perpendicular to the vein margins and through the midpoint of the drill hole intercept. Percentage based differences between individual ETWs
and down-hole interval lengths will vary between drill holes depending on drill hole inclination, variations in vein strike and dip, and overall geometries of the different
vein systems.
Darren Hall, President and Chief Executive Officer of Calibre, stated: “I am very pleased to see continued drilling
success along the multi-kilometre VTEM Gold Corridor at Limon. The latest results are impressive and show a
combination of new high grades and broad widths which should prove beneficial for future production, providing
further opportunity to leverage the surplus processing capacity at our Libertad mill. The Limon District continues to
demonstrate its significant value, reinforcing our confidence that resource conversion and high-grade additions will
be possible with these results.”
Tom Gallo, Senior Vice President, Strategy and Growth of Calibre, stated: “The team is stepping out along this gold
corridor with a focus between these latest drill holes and Panteon North, an area of approximately 750m of strike.
Additionally, large step out drill programs north and east toward the historic Santa Pancha project are underway.
To date, we have drilled 250 m below surface and mineralization remains open at depth. As such, we are testing
holes to a depth of up to 450 m to fully realize the untapped potential of this region. Limon is a priority during our
2024 drill program with approximately 50,000 m of drilling planned in and around the complex.”

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