Calibre Mining has gold, silver, and copper exploration projects covering over 934 square kilometers in Nicaragua's historic Borosi Mining District. The company has partnerships with major mining companies IAMGOLD, Centerra Gold, and B2Gold to explore projects within Calibre's land package. Recent drilling at the Eastern Borosi Gold Project, which is optioned to IAMGOLD, has yielded multiple high-grade gold intercepts, including 1.39 meters grading 98.72 g/t gold. IAMGOLD plans additional drilling in 2016 to expand on these discoveries.

1. Advanced Gold-Copper-Silver Exploration
Borosi Concessions, Mining Triangle, Nicaragua
TSX.V: CXB January 2016
Partnered
for
Discovery

2. Certain statements in this document constitute “forward
looking statements” which may not be based on historical
fact. Such forward looking statements involve known and
unknown risk, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company, or industry results to be materially different from
any future results, performance, or achievements expressed
or implied by such forward looking statements. Such factors
include, among others, the following: actual results of
exploration and development activities; the costs and timing
of the development of new deposits; future prices of precious
and base metals; accidents; risks inherent in mineral
exploration; risks associated with development, construction
and mining operations; restrictions on foreign ownership; the
Company’s history of operating losses and uncertainty of
future profitability; uncertainty of access to additional capital;
and environmental liability claims and insurance. This
presentation is not an offer to purchase securities and does
not constitute an offering document under Securities
legislation.
Mr. Gregory Smith, P.Geo, the President and CEO of the
Company, is the Qualified Person as defined by NI 43-101, and
has prepared and approved the technical data and
information in this presentation
FORWARD LOOKING
STATEMENT

3. INVESTMENT HIGHLIGHTS
CALIBRE INVESTMENT HIGHLIGHTS CALIBREMINING.COM 3
 IAMGOLD PARTNERSHIP:
• spending $5M over 3 years / 2015; +6,000m & 2016 +6,000m metre drill programs
• NEW DISCOVERIES; 4.8m grading 25.7 g/t Au and 12.9m grading 8.7 g/t Au
 CENTERRA GOLD PARTNERSHIP:
• La Luz Project; 1200 ha with past producer / existing Gold Resource / New Gold Targets
• CENTERRA drilling program Q4 2015 / Q1 2016 on La Luz Project
• On-going geochemical, geophysical, and trenching Programs
 B2GOLD PARTNERSHIP:
• B2GOLD Spending an additional $6m over 3 years to earn 70%
 ROSITA MINING PARTNERSHIP:
• 2015 Drilling program / earned into 65% / on-going studies
 100% CALIBRE :
• Calibre maintains 100% Ownership in >500 km2
• Montes de Oro Project in the Siuna District - NEW DISCOVERY
• ddh MD15-007 with 37.7m grading 1.2 g/t Au
 $2M Strategic Investment by Pierre Lassonde in 2014
CALIBRE HAS MULTIPLE CHANCES FOR SUCCESS ON THE BOROSI CONCESSIONS
Partnered
for
Discovery
100%
Ownership
in > 500 km2
2016; Estimated $4 million in exploration funded by Partners

4. PARTNERS
CALIBRE MANAGEMENT / BOARD
Greg Smith, P.Geo President & CEO, Director
» 25+ years exploration experience with both junior & senior operations;
» Involved in successfully outlining 10+ million ounces of gold discoveries.
Edward Farrauto, CGA Director
» 20+ years experience as CFO and director of public companies;
» Founder and director of several public companies
George Salamis, Director
» 20+ years exploration, development and operations experience;
» President & CEO of Edgewater Exploration Ltd.
Julie Lassonde, Director
» 17 years experience in financial, advisory, and engineering roles.
Hon. John Reynolds, P.C. Director
» 35+ years experience in politics, former Member of Parliament, and a
member of the Queen’s Privy Council for Canada;
» Strategic Senior Advisor at McMillan LLP.
Ryan King, Vice President
» 10 years of resource sector, equity financing and public company
experience
Kristian Dagsaan, CA Chief Financial Officer
» eight years experience with public accounting, auditing, and regulatory
compliance
B2Gold Corp.
Nicaragua’s largest gold producer led by Clive Johnson and Tom Garagan, with
two gold mines in Nicaragua and one in the Philippines and one in Namibia as well
as a strong portfolio of development and exploration assets
IAMGOLD Corp.
Mid tier gold producer with six operating gold mines on three continents.
Centerra Gold
Centerra is a North-American based gold mining company focused on operating,
developing, exploring and acquiring gold properties primarily in Asia, North
America and other markets worldwide. Centerra is the largest Western-based
gold producer in Central Asia.
Rosita Mining Corp
Toronto-based junior exploration company with a focus on exploration for base
and precious metals in Nicaragua.
SHARE STRUCTURE
Issued and Outstanding 222,910,918
Options 18,575,000
Warrants 12,500,000
Fully Diluted 253,985,918
Working Capital $1,000,000
Significant Shareholders
B2Gold Corp. 13.50%
Pierre Lassonde 11.20%
Management 9.00%
CALIBRE TEAM CALIBREMINING.COM 4
FEATHERSTONE CAPITAL
Douglas B. Forster, M.Sc., P.Geo Calibre Board Executive Chairman
» President & CEO of Featherstone Capital Inc.
» 30+ years of resource project development, M&A, equity finance and
public company management;
» Founder and director of numerous public companies
Blayne Johnson Lead Director of Calibre Board
» 25 years of capital markets experience;
» Former VP of First Marathon Securities
» Chairman of Featherstone Capital Inc.
SENIOR ADVISOR
Raymond Threlkeld
» 30+ years of experience in the mineral resource industry
» Previously held position of President and CEO of Rainy River Resources ltd
and Western Goldfields before begin acquired
» Former VP, Development of Barrick Gold Corp., responsible for placing >30
milliongold ounces into production in Africa, South America and Australia
CALIBRE – EXPERIENCED TEAM / STRONG PARTNERS

5. » Democratic Republic with President Ortega
elected to a 2nd 5 year term in Nov. 2011
» Gold was Top 3 Export for Nicaragua each of
2013, 2014, and 2105
» Gold has helped Nicaragua’s economy grow by
4% annually, the highest rate in Central America
» Annual gold production has more than
doubled in the past 5 years
» Supportive mining laws, and favourable tax
regime
» Economist Intelligence Unit ranks Nicaragua as
one of the safest countries in Central America
NICARAGUA: STABLE & SAFE
UNDER EXPLORED MINING ENVIRONMENT
WORKING IN NICARAGUA CALIBREMINING.COM 5
NICARAGUA – SAFE COUNTRY / MINING FRIENDLY JURISTITION

6. 7.9 million ozs past gold production – District Underexplored
BOROSI CONCESSION AREA CALIBREMINING.COM 6
1) IAMGOLD Option
a. Riscos de Oro; Gold – Silver
resource
b. Guapinol; 2014 High grade
Gold Discovery
c. Blag; 2015 High grade Gold
Discovery
2) Centerra Option
a. Cerro Aeropuerto; existing
750K AuEq oz Resource
b. La Luz; Past Gold Producer
(2.2M oz)
3) Calibre 100% Owned
a. Montes De Oro; High
Grade Gold Discovery
b. >50,00ha (>500km2)
4) B2Gold Joint Venture
a. Monte Carmelo; 2015 Gold
Discovery
b. Primavera; Gold/Copper
Porphyry Discovery
5) Rosita Mining JV
a. Santa Rita; Copper - Gold –
Silver resource
b. Bambana; high grade target
GOLD, SILVER AND COPPER PROJECTS COVERING 934 KM2
BOROSI CONCESSIONS – HISTORIC MINING DISTRICT / EXISTING
RESOURCES / PROVEN POTENTIAL FOR DISCOVERY
“BOROSI MINING TRIANGLE
DISTRICT”

7. BOROSI CONCESSION AREA CALIBREMINING.COM 7
Borosi Concession - High Quality Projects in Historic District
a. Past Production; 8M oz Gold and 300 million lbs Copper
b. Existing Resources; >1M ozs Gold
c. Discovery Potential; 5 Discoveries since 2011
c. Geology; Deposits include LS Veins, Porphyries, and Skarns
Strong Partners
a. Mid Tier Mining Companies; IAMGOLD, Centerra, and B2Gold
b. Local Support; Continued government & community support
High Grade Gold
a. Expanding on Drill Discoveries; High Grade Gold Intercepts
b. New Surface Targets; Successful Programs with High Grade Gold
Multiple Drilling and Exploration Programs in 2016
a. Eastern Borosi Project - IAMGOLD; more drilling step-out an in-fill
b. Siuna Project with Centerra; surface exploration and drilling
c. B2Gold Joint Venture Project; continued advancement
d. 100% Owned Projects; >50,000 hectares
BOROSI CONCESSIONS 2016
Continued Exploration in Down Market – Industry need for Discoveries

8. EASTERN BOROSI GOLD DISTRICT – Optioned to IAMGOLD (176 km2)
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 8
» IAMGOLD has the right to earn 51% of the Eastern Borosi
Project by spending $5 million and cash payments of
$450,000 over three years
» IAMGOLD can earn a further 19% for a total of 70% by
spending an additional $5 million and further payments of
$450,000 over a second three year period
» Low Sulphidation Epithermal Gold-Silver District
» existing Inferred Gold Resource;
4.7Mt @ 2.87 g/t Au Eq (2.31 g/t Au & 35 g/t Ag)
433,000 ozs Au Eq (350k oz Au & 5.3M oz Ag)
2012 – New Gold Resource at Riscos de Oro
2014 – High Grade Gold Discovery at Guapinol
2015 – Phase II Drill Program Successful
» Multiple trends totaling
more than 18 kilometres in
length each with a series of
sub-parallel gold-silver
structures

9. EASTERN BOROSI GOLD DISTRICT – Optioned to IAMGOLD
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 9
>11,400 metres of Drilling Completed in 2014 / 2015 – More Drilling planned for 2016
Multiple High Grade
Discoveries
2014/2015 Drilling Program
successful in discovering
several high grade zones
including; Guapinol,
Vancouver, Blag Main, East
Dome, and Cadillac
Hole_ID Zone From m To m Length (m) Au g/t Ag g/t
GP15-034 Guapinol 332.23 333.62 1.39 98.72 49.1
GP14-003 Guapinol 69.75 74.56 4.81 25.66 35.2
GP14-010 Vancouver 91.60 104.50 12.90 8.73 11.5
GP14-010 including Vancouver 98.40 102.10 3.70 27.45 33.1
GP14-010 and Vancouver 100.28 102.10 1.82 45.79 32.4
BL15-011 Blag Main 21.86 32.60 10.74 3.08 381.3
BL15-011 including Blag Main 26.00 31.50 5.50 5.18 553.7
BL15-011 including Blag Main 26.00 27.80 1.80 11.19 1321.0
GP14-002 Guapinol 112.53 118.56 6.03 14.39 14.5
GP14-002 including Guapinol 116.00 117.80 1.80 29.79 33.2
BL15-017 East Dome 120.50 139.66 19.16 1.11 223.4
BL15-017 including East Dome 126.27 138.04 11.77 1.80 346.3
BL15-009 Blag Main 135.33 145.25 9.92 5.36 194.6
BL15-009 including Blag Main 137.87 140.86 2.99 11.50 309.7
BL15-010 Blag Main 64.38 77.20 12.82 2.52 246.4
BL15-010 including Blag Main 73.15 75.20 2.05 5.18 1026.0
GP14-030 Guapinol 158.92 163.07 4.15 17.70 16.5
BL15-018 East Dome 91.44 100.88 9.44 0.69 488.6
BL15-018 including East Dome 98.00 100.88 2.88 2.13 1432.0
GP14-028 Guapinol 191.53 196.60 5.07 13.44 14.5
GP14-028 including Guapinol 192.02 193.80 1.78 34.13 33.7
BL14-005 Blag Main 77.45 89.92 12.47 2.18 133.8
BL14-005 including Blag Main 80.50 86.87 6.37 4.11 235.9
GP15-037 Vancouver 102.40 109.48 7.08 6.26 41.4
GP15-037 including Vancouver 103.63 106.00 2.37 17.93 118.6
GP14-001 Guapinol 76.97 77.97 1.00 39.90 132.0
LS15-008 LS - Cadillac 65.60 69.70 4.10 8.93 57.4
BL15-006 Blag Main 149.83 155.68 5.85 5.97 56.1
BL15-006 including Blag Main 151.25 154.67 3.42 9.70 91.2
GP15-037 including Vancouver 104.50 105.10 0.60 59.80 224.0
BL15-023 Santos Trend 60.96 67.40 6.44 5.74 4.8
BL15-023 including Santos Trend 60.96 65.64 4.68 7.84 6.0

10. EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 10
EASTERN BOROSI GOLD PROJECT – 2014/2015 Drilling Guapinol & Vancouver Highlights
GP15-034; 1.39m @ 98.72 g/t Au and 49.1 g/t Ag (332.23 – 333.62m)
GP14-003; 4.81m @ 25.66 g/t Au and 35.2 g/t Ag (69.75 – 74.56m)
GP14-002; 6.03m @ 14.39 g/t Au and 14.5 g/t Ag (112.53 – 118.56m)
GP14-010; 12.90m @ 8.73 g/t Au and 11.5 g/t Ag (91.60 – 104.50m)
GP15-037; 7.08m @ 6.26 g/t Au and 41.4 g/t Ag (102.40 – 109.48m)
2014/15
Guapinol
Highlights;
Vancouver
Highlights;
2014 – High Grade Gold Discovery at Guapinol
2015 – Phase II Drill Program Successful
2016 - Follow-up and In-Fill Drilling
2016 Additional
Drilling Planned

11. EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 11
BL15-009; 9.92m @ 5.36 g/t Au and 194.6 g/t Ag (135.33 – 145.25m)
BL15-010; 12.82m @ 2.52 g/t Au and 246.4 g/t Ag (64.38 – 77.20m)
BL15-011; 10.74m @ 3.08 g/t Au and 381.3 g/t Ag (21.86 – 32.60m)
BL15-017; 19.16m @ 1.11 g/t Au and 223.4 g/t Ag (120.5 – 139.7m)
BL15-018; 9.44m @ 0.69 g/t Au and 488.60 g/t Ag (91.44 – 100.88m)
2015 – High Grade Gold Discovery
at Blag Gold-Silver Vein System
2015
Blag Main
Highlights;
2015
East Dome
Highlights;
EASTERN BOROSI GOLD PROJECT – 2014/2015 Drilling Blag Main & East Dome Highlights
2016 Additional
Drilling Planned

12. LA LUZ PROJECT OPTIONED TO CENTERRA CALIBREMINING.COM 12
SIUNA DISTRICT – LA LUZ PROJECT
Optioned to Centerra Gold (12.0 km2)
» Past Producing La Luz Mine / 43-101 Resource at Cerro Aeropuerto
OPTION AGREEMENT SIGNED SEPTEMBER 2015
» Centerra Gold has the right to earn 51% of the La Luz
Project by spending $3 million by Dec. 31, 2017 with a
commitment to begin a 2015 Drill Program
» Centerra Gold can earn a further 19% for a total of
70% by spending an additional $4 million prior to
December 31, 2019

13. /
La Luz Project – Optioned to Centerra Gold
LA LUZ PROJECT OPTIONED TO CENTERRA CALIBREMINING.COM 13
» Exploration by Calibre has defined a series of Targets in the same
style as the 2.2Moz Past Producer La Luz Mine
» The Cerro Aeropuerto gold-silver high grade inferred
resource; 6.05Mt @ 3.64 g/t gold & 16.16 g/t silver for
707,000 ounces gold & 3.14 Moz silver
Historic La Luz Mine
Open Pit
Cerro
Aeropuerto
500m
La Luz Mine
Open Pit
And Underground
Cerro
Potosi
30.2m @
2.83 g/t Au
91.5m @
2.75 g/t Au
» Concession wide sampling program
completed
» additional exploration underway
» Q4 2015 / Q1 2016 Diamond Drilling
Cerro
Aeropuerto
Cerro
Potosi

14. /
LA LUZ PROJECT OPTIONED TO CENTERRA CALIBREMINING.COM 14
» Previous exploration by Calibre and others has defined a series of Targets within the La Luz
Project including;
» Existing Targets; geological.
geochemical, and geophysical anomalies
» Concession wide sampling and
mapping completed
La Luz Project – Optioned to Centerra Gold
1) Cerro Aeropuerto; existing Inferred Resource / open
along strike and to depth
» current drilling with approximately 1500 metre
Drilling Program Q4 2015 / Q1 2016
2) Cerro Potosi; footwall mineralization to historic La
Luz Deposit
3) Cerro El Coyol – Tiburon Trend; defined by
anomalous gold in rock sample and historic work
2016
Additional
Drilling
Planned

15. SIUNA PROJECT 100% CALIBRE CALIBREMINING.COM 15
100% Calibre (504km2)
» Calibre maintains 100% ownership on 50,385
hectares (504km2)
a. Siuna District = 241 km2
b. Hemco II = 114 km2
a. El Paste = 150 km2
» Siuna District includes New Discovery at
Montes de Oro / 2015 Phase I Drilling Program
La VIRGEN
1km x 3km
Au/Cu Anomaly
MONTES DE ORO;
1.4km x 500m
Au/Ag/As/Cu/Zn
Anomaly

16. MONTES DE ORO (100% Calibre) – CURRENT EXPLORATION
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 16
» Montes de Oro; 1.4 km x 500 m gold-copper-lead-zinc anomaly
MD15-007; 37.71m @ 1.19 g/t Au (69.04 – 106.75m)
incl; 12.13m @2.42 g/t Au (86.70 – 98.83m)
MD15-010; 12.97m @ 2.60 g/t Au (160.88 – 173.85m)
MD15-003; 18.80m @ 0.97 g/t Au (30.00 – 48.80m)
2015 Drilling
Montes De Oro
Highlights;
» Gold associated with multi-phase intrusions and disseminated to semi-massive
to massive sulphide zones
» Phase I Drilling completed 2015

17. SIUNA DISTRICT (100% Calibre) – CURRENT EXPLORATION
SIUNA PROJECT 100% CALIBRE CALIBREMINING.COM 17
» Additional Exploration continues on “Look Alike” Targets
» Multi-kilometer scale geological, geochemical, and geophysical anomalies
ON THE PATH
TO NEW
DISCOVERIES

18. B2GOLD JOINT VENTURE CALIBREMINING.COM 18
B2GOLD JOINT VENTURE and OPTION (208.8 km2)
» B2Gold have earned a 51% interest in 208.8 sq km of concessions, by spending $8M. B2Gold and Calibre Mining have
entered into an agreement granting B2Gold an option to acquire a further 19% interest by spending an additional $6.0
million in project expenditures over 3 years.
Primavera
Minnesota
Santo
Thomas
GOLD IN SOIL GEOCHEMISTRY COPPER IN SOIL GEOCHEMISTRY
GOLD IN SOIL GEOCHEMISTRY
Minnesota
Primavera
PRIMAVERA AIRBORNE RADIOMETRICS
Monte
Carmelo
Primavera

19. » The higher grade Gold/copper porphyry zone has been intersected in
drill holes over a 300m by 300m area and to a depth of 300m
B2GOLD JOINT VENTURE CALIBREMINING.COM 19
PRIMAVERA GOLD/COPPER PROJECT
B2GOLDCALIBRE JOINT VENTURE
» mineralization comprised of quartz-magnetite-chalcopyrite-bornite
veins and vein stockwork within broad zones of potassically and
propylitically-altered intermediate volcanic and intrusive rocks
Seven Reconnaissance drill holes completed in 2014
Highlight drill results include;
MN14-001 31.35m grading 0.63g/t gold and 4.7 g/t Silver
MN14-002 20.05m grading 0.40g/t gold and 5.7 g/t Silver
MN14-004 47.00m grading 0.63g/t gold and 4.5g/t silver
Including 25.6-30.1m (4.5m @ 3.43 g/t Au and 11.0g/t Ag)
MN14-007 14.65m grading 0.44g/t gold and 6.2 g/t Silver
MINNESOTA GOLD PROJECT
B2GOLD/CALIBRE MINING JOINT VENTURE
247.35m @
0.43 g/t Au,
0.21% Cu
PR-12-008
261.70m @
0.78 g/t Au,
0.30% Cu
PR-11-002
159.53m @
0.46 g/t Au,
0.20% Cu
PR-12-011
OPEN TO
DEPTH
DRILL HOLES PR11-002, PR12-008, PR12-011
Drill Hole From To Length Gold Copper AuEq**
(m) (m) (m) (g/t) (ppm) (g/t)
PR-11-001 0.00 276.80 276.80 0.50 2146 0.84
PR-11-002 1.50 263.20 261.70 0.78 2966 1.25
PR -11-003 4.00 327.20 323.20 0.41 1843 0.70
includes 4.00 150.50 146.50 0.65 2742 1.08
PR-12-005 207.50 372.50 165.00 0.31 1713 0.58
PR-12-008 107.65 280.00 172.35 0.48 2401 0.86
PR-12-011 6.95 166.48 159.53 0.46 2008 0.78
PR-12-016 0.00 201.35 201.35 0.77 3567 1.34
PR-12-023 0.00 455.80 455.80 0.20 1138 0.39
PR-12-024 655.60 656.70 1.10 18.28 252 18.33
and 673.00 674.50 1.50 11.95 2373 12.33
PRIMAVERA DRILL RESULTS HIGHLIGHTS*
*Complete drill results available on Calibre Mining’s website
**AuEq (g/t) Gold Equivalent calculated using 1,300/oz gold and $3.00/lb copper
Metallurgical recoveries and net smelter returns are assumed to be 100%.
» Road accessible near national
power grid
» 32 drill holes completed
totaling 13,414m
» Airborne geophysical survey
completed over a large 5km by
5km interpreted
intrusive/volcanic complex.
Additional ground surveys
»

20. PRIMAVERA GOLD/COPPER PROJECT CALIBREMINING.COM 20
MONTE CARMELO GOLD PROJECT
» New Gold Target identified by exploration and sampling in 2015
» gold mineralization consists of garnet skarn and structurally controlled zones
» Q1 2016 – Trenching Program Underway
» Project fully permitted for Drilling

21. ROSITA JOINT VENTURE; FORMER SANTA
RITA COPPER-GOLD MINE (33.56 km2)
Joint Venture with Rosita Mining Corporation
» Rosita Mining spent C$4.0 million over four years to
earn a 65% stake
» Rosita D concession: 33.6 km2 - 5% of Calibre’s
concessions in the Mining Triangle
ROSITA PROJECT CALIBREMINING.COM 21
Bambana
Santa Rita
SANTA
RITA
R13
» Historic Santa Rita open pit Cu/Au mine: past production
305 M lbs Cu, 177k ozs Au, and 2.6M ozs Ag from 5.9Mt
» 2012 NI 43-101 Inferred Resource at Santa Rita of;
7.95 Mt @ 0.62% Cu, 0.46 g/t Au, and 9.2g/t Ag. with
108 M lbs copper, 118 K oz gold and 2.35 M oz of silver
» High grade copper/gold/silver zone identified at Bambana
with 5.21% Cu, 4.40 g/t Au and 144g/t Ag over 12.1 metres
» 2012 – New Copper/Gold/Silver
Resource at Santa Rita
» Q3/Q4 2015 Drilling Program Completed

22. NI 43-101 GOLD/SILVER RESOURCES
CERRO AEROPUERTO, LA LUNA & RISCOS
100% CALIBRE OWNED
Calibre Mining Corp. Inferred Resource (using a 0.6 g/t AuEq cutoff grade)
1. *For Cerro Aeropuerto & La Luna Gold Equivalent (Au Eq) calculated using gold price of US$1,058/oz and silver
price of US$16.57 /oz and for Riscos a gold price of US$1264/oz and silver price of US$19.78/oz. Assumes
metallurgical recoveries and net smelter returns are to be 100%
2. Mineral resources that are not mineral reserves do not have economic viability.
3. A base cutoff grade of 0.6 g/t AuEq was used. Riscos estimate used a capping of silver grades at 591 g/t.
a density of 2.65 g/cm3 was applied. Numbers may not add exactly due to rounding.
4. * Subject to Option Agreement with IAMGOLD
5. * * Subject to Option Agreement with CENTERRA GOLD
NI 43-101 COPPER/GOLD/SILVER RESOURCES AT ROSITA
OPTIONED TO ROSITA MINING CORP.
Calibre Mining Corp. and Rosita Mining Inferred Resource (using a 0.15% Copper cutoff grade)
1. Base case is reported at a 0.15% copper equivalent cut-off grade which incorporates consideration of mining
and processing cost, recoveries, commodity prices and selling cost.
2. Estimate assumes a long term copper price of US$2.90/lb, a gold price of US$1,200/oz and a silver price of
US$24/oz.
3. Rounding as required by NI 43-101 reporting guidelines may result in apparent summation differences.
4. Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy
ounces, contained copper pounds as imperial pounds.
5. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of
mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical,
marketing, or other relevant issues.
6. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and
there has been insufficient exploration to define these inferred mineral resources as indicated or measured
mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured
mineral resources.
CALIBRE MINING NI43-101 INFERRED RESOURCES CALIBREMINING.COM 22
Tonnes and Grade Total Ounces
Deposit Tonnes Gold Silver Au Eq1 Gold Silver Au Eq1
(g/t) (g/t) (g/t) (oz) (oz) (oz)
Cerro **
Aeropuerto 6,052,000 3.64 16.16 3.89 707,750 3,144,500 757,000
La Luna * 2,539,000 1.56 14.01 1.78 127,700 1,143,570 146,000
Riscos de Oro * 2,159,000 3.20 59.67 4.14 222,300 4,142,000 287,000
1,057,750 8,430,070 1,190,000
Tonnes and Grade Total Resources
Deposit Tonnes Gold Silver Cu Gold Silver Cu
(g/t) (g/t) (%) (oz) (oz) (lbs)
Rosita Stock
Piles 7,950,000 0.46 9.2 0.62 118,000 2.35M 108M

23. Summary
» Nicaragua provides a favourable, stable, environment
for mining.
» Calibre has Multiple Chances for Success with
partnerships with areas optioned toThree Mid-Tier
Producers as well as >500 km2 of 100% owned Ground
» Borosi “Mining Triangle” District with proven High
Grade Gold Potential in LS Epithermal, Structurally
Controlled, Skarn, and Porphyry Deposits
» IAMGOLD, Centerra Gold, and B2Gold all with
Active 2016 Exploration Program
a. IAMGOLD – Drilling on Eastern Borosi Project
b. Centerra Gold – Drilling on La Luz Project
c. B2Gold – Additional work at Monte Carmelo and
Primavera.
» Calibre’s partners to spend overall up to $35M on
exploration to earn into Calibre Projects
INFORMATION
Ryan King
calibre@calibremining.com
(604) 628 1012
Calibre Mining Corp.
1680-200 Burrard St.
Vancouver, BC V6C3L6
TSX.V: CXB
calibremining.com
Partnered
for
Discovery
>500km 2 of
100% owned
Projects

24. EXPLORATION TIME LINE & NEWS Flow
Calibre Mining Corp.
1680-200 Burrard St.
Vancouver, BC V6C 3L6
TSX.V: CXB
calibremining.com