Trench Extension at Calibre's 100% Owned Montes de Oro Project Returns 33.5 Metres Grading 2.1 g/t Gold - Seite 3

At Montes de Oro, gold-skarn target trenching has defined two high-grade, sub-parallel gold mineralized zones each over approximately 250 metres long and open in both directions. Additional trenching is now underway along the Northern zone targeting soil samples located 150 metres southwest of the currently defined mineralized zones and on the northern half of the main soil anomaly which has not to date been tested by trenching.

Calibre 100% owned Eastern Epithermal District (Guapinol & La Sorpresa Gold trend)

The Eastern Epithermal District hosts the Riscos de Oro gold-silver deposit where a small amount of past gold and silver production was documented from open pit and limited underground development. Riscos de Oro has a defined NI-43-101 Inferred Mineral Resource estimate at a cut-off grade of 0.6 g/t AuEq of 2,159,000 tonnes grading 3.20 g/t Au and 59.67 g/t Ag (4.14 g/t AuEq) containing 222,300 ozs gold and 4,142,000 ozs silver (287,100 ozs AuEq.) (see Calibre News Release September 5, 2012). At Riscos de Oro the majority of the 7.0 km long gold-silver trend remains open in all directions and largely untested by diamond drilling. Calibre continues to advance the +10 km long Guapinol and La Sorpresa Gold trend located east of the Riscos de Oro gold deposit with mapping and rock and soil sampling programs underway.

Results have been received for six channel samples collected in the new Guapinol pit extension located along strike of the historic pit. The samples were collected from the leftover "pillars" that divide the pit currently being worked by small miners and the samples were collected over a strike-length of approximately 55 metres. The principal structure was visible in the pillars along with strong argillic and iron oxide alteration. The results returned from are:

Sample ID	Zone	Length (m)	Au g/t	Ag g/t
B13R5317	Guapinol	0.8	6.71	4.2
B13R5318	Guapinol	0.5	43.90	27.9
B13R5319	Guapinol	0.6	2.69	7.5
B13R5320	Guapinol	0.5	0.22	6.1
B13R5321	Guapinol	0.4	7.88	224
B13R5322	Guapinol	0.5	10.90	15.6

The 43.9 g/t Au sample collected within the NE Guapinol pit (B13R5318) is the highest gold value returned to date for the entire Guapinol Trend. The overall composite result for the channel sampling (samples B12R5317 and B13R5318) was 1.3m grading 21.0 g/t Au and 13.3 g/t Ag. The small miners have been recovering gold from the hanging wall approximately 3.0 metres away from the principal structure which shows the potential for greater mineralized widths.