Vancouver, B.C. – January 10, 2023: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”)
is pleased to announce operating results for the three months and year ended December 31, 2022, and 2023
production, sales, and cost guidance (all financial amounts are expressed in U.S. dollars).
Record Q4 and Full Year 2022 Production
• Consolidated full year gold production of 221,999 ounces:
o Nicaragua full year gold production of 180,490 ounces and Nevada gold production of 41,509 ounces
• Consolidated Q4 gold production of 61,294 ounces:
o Nicaragua Q4 gold production of 49,854 ounces and Nevada gold production of 11,440 ounces
Full Year 2022 Highlights
• Excellent drill results and milestones achieved across numerous assets, reaffirming the Company’s multi-year,
grade-driven production growth strategy;
• Pavon Central open pit mining permit approved Q2, 2022, on track for production Q1, 2023;
• Substantial progress made at the Eastern Borosi Project (“EBP”), with production on track for Q2, 2023:
o Receipt of mining permits in Q4 2022 (see news release dated October 28, 2022)
o Advancement of road upgrades, site development and purchase of new mining fleet;
• High-grade gold discovery at Panteon North within the Limon Complex (see news releases dated September 7
and December 6, 2022):
o 52.59 g/t Au over 3.8 m Estimated True Width (“ETW”); 43.09 g/t Au over 3.3 m ETW;
o 22.47 g/t Au over 4.9 m ETW; 17.80 g/t Au over 7.9 m ETW;
o High-grade mineralization over 400 metres will contribute positively to the 2022 Resource and Reserve
statement expected in Q1 2023;
• New high-grade gold zone discovered 2.5 km north along the Panteon/VTEM geophysical corridor (see news
release dated December 8, 2022), remains open for expansion:
o 11.61 g/t Au over 9.3 m ETW including 23.93 g/t Au over 1.7 m ETW and 15.34 g/t Au over 3.9 m ETW
• Pan Mine drill results demonstrate strong expansion potential (see news release dated August 17, 2022):
o 3.35 g/t Au over 18.3 m; 0.82 g/t Au over 10.7 m; 0.80 g/t Au over 47.2 m;
o Excellent opportunities for growth and, in some cases shallow, higher-grade zones are open for expansion
• Drilling indicates the potential for a new, high-grade, Carlin-type feeder system at depth at the Gold Rock
Project (see news release dated November 22, 2022)
o 6.8 g/t Au over 4.6 m and 6.6 g/t Au over 5.8 m;
• Launched the Company’s five-year sustainability strategy, ensuring responsible and sustainable mining
practices.
2023 Consolidated Gold Production and Cost Guidance
• Consolidated gold production and sales of between 250,000 and 275,000 ounces;
• Consolidated Total Cash Costs1
(“TCC”) between $1,000 and $1,100 per ounce of gold;
• Consolidated All-in Sustaining Costs1
(“AISC”) between $1,175 and $1,275 per ounce of gold;
• Growth Capital of between $55 and $65 million; and
• Exploration Capital of between $25 and $30 million.
Darren Hall, President & Chief Executive Officer of Calibre, stated: “The team delivered record production in 2022,
for the third consecutive year, positioning us well for a further 20% production growth in 2023. Strong cash flows
continue to drive Calibre’s organic growth strategy as we progressed development at Pavon Central and Eastern
Borosi for production in 2023, setting ourselves up for another grade-driven production increase.
With multiple drill rigs turning across our asset portfolio, our exploration investment continues to yield exciting
results as we expand the high-grade gold discovery at Panteon North and the VTEM geophysical corridor that runs
2
north of Panteon at the Limon Complex. Drilling also continues to demonstrate the strong expansion potential at
the Pan mine in Nevada as well as at the Gold Rock project where drilling indicates the potential of a high-grade,
Carlin-type feeder system at depth.
We continue to integrate our sustainability initiatives across the business, publishing our 2021 Sustainability Report
and launching the Company’s five-year strategy, enabling Calibre the social license to operate as we remain
committed to delivering positive and sustainable benefits to all stakeholders.
I believe 2023 will be a transformational year, driven by an organic 20% increase in production, strong free cash flow,
and significant exploration to expand recent high-grade gold discoveries not included in our multi-year, grade driven
production increase strategy. Calibre has a solid, clear, and sustainable path to profitable growth.”
2023 GUIDANCE
CONSOLIDATED NICARAGUA NEVADA
Gold Production/Sales (ounces) 250,000 - 275,000 210,000 - 230,000 40,000 - 45,000
Total Cash Costs ($/ounce)1 $1,000 - $1,100 $950 - $1,050 $1,300 - $1,400
AISC ($/ounce)1 $1,175 - $1,275 $1,100 - $1,200 $1,350 - $1,450
Growth Capital ($ million) $55 - $65
Exploration Capital ($ million) $25 - $30
Q4 and Full Year 2022 Financial Results and Conference Call Details
The fourth quarter and full year 2022 financial results will be released after market close on Wednesday, February
22, 2023, and management will be hosting a conference call to discuss the results and outlook in more detail.
Date: Thursday, February 23, 2023
Time: 10:00 a.m. (ET)
Webcast Link: https://edge.media-server.com/mmc/p/5qjci7oa
Instructions for obtaining conference call dial-in numbers:
1. All parties must register at the link below to participate in Calibres’ Q4 and full year 2022 conference call.
2. Register by clicking https://register.vevent.com/register/BI868e1e65f2574b20a557a2de7726fd1b
3. Once registered you will receive the dial-in numbers and PIN number for input at the time of the call.
The live webcast and registration link can be accessed here and at www.calibremining.com under the Events and
Media section under the Investors tab. The live audio webcast will be archived and available for replay for 12 months
after the event at www.calibremining.com. Presentation slides that will accompany the conference call will be made
available in the Investors section of the Calibre website under Presentations prior to the conference call.
Qualified Person
Darren Hall, MAusIMM, President and Chief Executive Officer, of Calibre Mining Corp. is a “qualified person” as set
out under NI 43-101 and has reviewed and approved the scientific and technical information in this press release.
ON BEHALF OF THE BOARD

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