Calibre Exceeds High-End of 2020 Production Guidance Range; 2021 Production Guidance of between 170,000 and 180,000 ounces of Gold Represents Top-Line Growth of ~30% - Seite 2

Description	Limon	Libertad
Ore Milled (tonnes)	120,109	381,118
Ore Milled Grade (g/t Au)	5.48	1.97
Au Recovery (%)	89.5	92.2
Gold Production (ounces)	19,006	23,567
Gold Sales (ounces)	18,872	23,463

2021 Guidance

			Consolidated
Gold Production/Sales (ounces)			170,000 - 180,000
Total Cash Costs ($/ounce)(1)			$950 - $1,050
AISC ($/ounce)(1)			$1,040 - $1,140
Growth Capital ($ million)			$35 - $40
Exploration Capital ($ million)			$14 - $17
G&A ($ million)			$7 - $8

2021 Growth Capital: Summary/Analysis - Figure 1

2021 Exploration Capital: Summary/Analysis - Figure 2

Q4 and 2020 Financial Results and Conference Call Details

The fourth quarter and 2020 financial results will be released after market close on February 24, 2021, and management will be hosting a conference call to discuss the results and outlook in more detail. 

Date:	Thursday, February 25, 2021
Time:	10:00 a.m. (EDT)
Dial-in:	[phone] or [phone] (International)
Webcast Link:	https://edge.media-server.com/mmc/p/yk6etyhw
Conference ID:	9476435

The live webcast can be accessed here or at www.calibremining.com under the Events and Media section under the Investors tab.  The live audio webcast will be archived and made available for replay at www.calibremining.com.  Presentation slides which will accompany the conference call will be made available in the Investors section of the Calibre website under Presentations, prior to the conference call.