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Calibre Mining Corp.

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Summary

Project:

Pavon

Deposit:Pavon
Location:Nicaragua
Commodities:Gold-Silver
Date:12/4/2019
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:4-12-2019: Calibre Mining Corp. announces a Resource Estimation report for its Pavon deposit at the Pavon project. Indicated resource increases by 318%. Vancouver, B.C. – December 3, 2019 – Calibre Mining Corp. (“Calibre” or the “Company”)(TSX: CXB; OTC
Resources:(Resource): 1.388Mt @ 5.16g/t Au, 7.73g/t Ag (Ind) and 0.567Mt @ 3.38g/t Au, 4.90g/t Ag (Inf)
CP/QP:[Resources]: Todd McCracken (WSP Canada Inc.)
ABSTRACT:Vancouver, B.C. – December 3, 2019 – Calibre Mining Corp. (“Calibre” or the “Company”)(TSX: CXB; OTCQX: CXBMF) is pleased to provide an updated National Instrument 43-101 (“NI 43-101”) indicated and inferred resource estimate on its 100%-owned Pavon high-grade, open-pit, development stage gold project. A NI 43-101 Technical Report prepared by WSP Canada Inc. (“WSP”) will be filed on SEDAR within 45 days of this release. Russell Ball, Chief Executive Officer of Calibre stated: “The positive results from the updated Pavon resource estimate, with an average indicated resource grade in excess of 5 g/t Au, provides us with an opportunity to unlock significant value for all our stakeholders by processing the Pavon open pit material at our existing La Libertad mill. The Pavon resource is open at depth and along strike and we will be aggressively investing in resource expansion drilling and project development in 2020.”

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