Calibre Along With Joint Venture and Option Partners Continue Advancing Gold-Silver-Copper Projects on the Borosi Concessions, Northeast Nicaragua - Seite 2

• >5900 metres of drilling completed in 2015 resulting in several high grade epithermal gold-silver vein discoveries
• additional exploration and drilling planned for 2016,

Rosita Mining Joint Venture - Rosita D Project

• Rosita Mining has earned a 65% Interest in the Rosita D concession after having spent $4 million on the project over 4 years
• drilling program completed Q4 2015 with results pending,

Calibre's Borosi Concessions, in northeast Nicaragua cover 934 km² of mineral concessions that contain a NI 43-101 Inferred Mineral Resource in three gold-silver deposits (Cerro Aeropuerto, La Luna and Riscos de Oro) at a 0.6 g/t AuEq cut-off of 10.75 million tonnes grading 3.06 g/t Au and 24.38 g/t Ag containing 1,057,000 ozs gold and 8,430,000 ozs silver. Additionally the Rosita D Joint Venture with Rosita Mining hosts a NI 43-101 Inferred Mineral Resource in gold-copper-silver surface stockpiles at a 0.15% CuEq cut-off of 7.9 million tonnes grading 0.46 g/t Au, 0.62% Cu and 9.20 g/t Ag containing 118,000 ozs gold, 108 million lbs copper and 2.35 million ozs silver.

Notes;		- Mineral Resources that are not mineral reserves do not have economic viability.
		- The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

100% Calibre Gold-Silver Projects

Calibre maintains 100% control over 504 km² of mineral concessions in the Borosi district. The largest 100% owned area in the Northern Siuna District which consist of 241 km². This region hosts the Montes de Oro Gold Project were interpretation of the results from the recently completed Phase I drilling program at Montes de Oro is on-going. Drilling intercepts include; 37.7 metres grading 1.19 g/t Au, 12.97 metres grading 2.60 g/t Au, and 18.8 metres grading 0.97 g/t Au. Additionally Calibre continues to advance a number of Montes de Oro "look-alike" targets within the district.