Calibre Mining Announces Additional Trenching Results Including 8.45 Metres Grading 3.42 g/t Gold from the 100% Owned Montes de Oro Gold Project, Nicaragua

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2015) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce results from the current phase of exploration activities on the 100% owned, high-grade Montes de Oro Gold Project, and additional gold targets within the Siuna District, Nicaragua.

Highlights

• Three additional trenches were completed in the northern half of the 400 metre by 600 metre gold in soil anomaly on the Montes de Oro Project.
  
  
• Step-out trench MTR14-030 located 300 metres north of trench MTR13-009 (52.3 metres grading 7.07 g/t Au) intersected 8.45 metres grading 3.42 g/t Au and 11.34 g/t Ag, Additional trenching is planned to further extend and define gold mineralization at the Montes de Oro Gold Project
  
  
• A 25 line kilometre ground magnetic survey was completed in Q4 2014
  
  
• An Induced Polarization (IP) Survey consisting of five lines each 1.2 kilometres in length is underway and will be completed in January 2015
  
  
• Sampling and Geological Mapping has been commenced on a series of targets which have similar geological and geochemical features to Monte de Oro
  
  

President and CEO, Greg Smith stated: "The results of the additional trenching and ground geophysical programs at Montes de Oro continue to further define the gold mineralization in preparation for drilling of this high priority, 100% owned gold project. In addition to Montes de Oro, Calibre has identified several additional 100% Calibre owned gold targets in the Siuna District which will be further defined by the on-going work programs."

New Trench Results - Monte de Oro Project

Trench ID	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)
MTR14-030	1.85	10.30	8.45	3.42	11.34
MTR14-031	8.30	15.00	6.70	0.11	0.15
MTR14-032	12.50	14.50	2.00	2.63	0.15

Notes;	- Intervals are trench lengths / true width are estimated to be 80-90% of lengths
	- Length weighted averages from uncut assays.

The Montes de Oro target is a 400 metre by 650 metre gold (and multi-element) in soil anomaly which has been successfully tested by trenching with results including 52.3 metres grading 7.1 g/t Au, 27.5 metres grading 4.92 g/t Au and 33.5 metres grading 2.10 g/t Au. Work to date at Montes de Oro has defined two high-grade, sub-parallel gold mineralized zones: one 250 metres long and one 500 metres long. Both zones are open for expansion.