Pan Gold Mine Resource Expansion Results From 2023 Program

VANCOUVER - Calibre Mining Corp. reported additional near surface, resource expansion drill results from its 2023 program at the Pan Gold Mine, located on the Battle Mountain – Eureka gold trend in Nevada. Results at the Dynamite North and Palomino targets located immediately north and south of the current open pit operation, respectively, continue to expand zones with grades higher than Pan’s stated Mineral Resource grade of 0.4 g/t gold. These additional higher-grade results, in combination with the newly discovered Coyote target announced earlier this year, located south of the operation, continue to demonstrate the potential to increase resources, grade, and confidence around the Pan mine.

Highlights from the Palomino and Dynamite targets include: Palomino Target - 1.23 g/t Au over 38.1 metres including 2.97 g/t Au over 12.2 metres in Hole PR23-080; 0.87 g/t Au over 16.8 metres and 1.58 g/t Au over 21.3 metres including 2.56 g/t Au over 10.7 metres in Hole PR23-088; 1.13 g/t Au over 22.9 metres including 2.82 g/t Au over 4.6 metres in Hole PR23-056; 0.89 g/t Au over 54.9 metres including 1.17 g/t Au over 4.6 metres, 1.41 g/t Au over 9.1 metres and 1.19 g/t Au over 10.7 metres in Hole PR23-066; 1.26 g/t Au over 13.7 metres including 1.72 g/t Au over 9.1 metres and 1.07 g/t Au over 10.7 metres including 1.75 g/t Au over 4.6 metres in Hole PR23-076; and 0.59 g/t Au over 32.0 metres in Hole PR23-086. Dynamite North Target - 0.70 g/t Au over 18.3 metres and 0.79 g/t Au over 32 metres including 2.31 g/t Au over 6.1 metres and 1.21 g/t Au over 3.1 metres in Hole PR23-047; 0.54 g/t Au over 27.4 metres in Hole PR23-049; and 0.50 g/t Au over 91.4 metres in Hole PR23-050.

Darren Hall, President, and Chief Executive Officer, said. “The highly encouraging drill results expand upon our Palomino target results announced on June 21, 2023, and immediately surround the current open pit operations. We look forward to additional results as we continue to advance our discovery and resource expansion drill programs across the operation and mineral concessions where we have identified numerous highly prospective targets.”