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Advanced Gold-Copper-Silver Exploration
Borosi Concessions, Mining Triangle, Nicaragua
TSX.V: CXB February 2015
Partnered for Discovery
Certain statements in this document constitute “forwardlooking statements” which may not be based on historicalfact. Such forward looking statements involve known andunknown risk, uncertainties and other factors which maycause the actual results, performance or achievements of theCompany, or industry results to be materially different fromany future results, performance, or achievements expressedor implied by such forward looking statements. Such factorsinclude, among others, the following: actual results ofexploration and development activities; the costs and timingof the development of new deposits; future prices of preciousand base metals; accidents; risks inherent in mineralexploration; risks associated with development, constructionand mining operations; restrictions on foreign ownership; theCompany’s history of operating losses and uncertainty offuture profitability; uncertainty of access to additional capital;and environmental liability claims and insurance. Thispresentation is not an offer to purchase securities and doesnot constitute an offering document under Securitieslegislation.
Mr. Gregory Smith, P.Geo, the President and CEO of theCompany, is the Qualified Person as defined by NI 43-101, andhas prepared and approved the technical data andinformation in this presentation
FORWARD LOOKING STATEMENT
INVESTMENT HIGHLIGHTSCALIBRE INVESTMENT HIGHLIGHTS CALIBREMINING.COM 3
• IAMGOLD PARTNERSHIP:
• IAMGOLD spending $5M over 3 years,
• 2015, +5,500 metre Phase II drill program underway
• NEW DISCOVERY; 4.8m grading 25.7 g/t Au and 35 g/t Ag and 6.0m grading 14.4 g/t Au
and 14.5 g/t Ag, 6.5m grading 16.9g/t Au and 20.9 g/t Ag
• 100% CALIBRE :
• Montes de Oro Target in the Siuna District,
• NEW DISCOVERY; 52.3 metres grading 7.1 g/t gold and 27.5 metres grading 4.93 g/t gold
within a 400 metre by 650 metre gold-silver-copper-zinc soil anomaly
• Recent $2M Strategic Investment by Pierre Lassonde
• B2GOLD PARTNERSHIP:
• B2GOLD Spending an additional $6m over 3 years,
• NEW DISCOVERY at Minnesota Gold Project,
• Discovery Trench 109m grading 1.58 g/t gold and open
• CALIBRE HAS MULTIPLE CHANCES FOR SUCCESS ON THE BOROSI CONCESSIONS
Partnered for
Discovery
EXPERIENCED TEAM
PARTNERS
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.
Paulo Santos, CA Chief Financial Officer» 10+ years experience with public accounting, auditing, and regulatory compliance
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
B2Gold Corp.Nicaragua’s largest gold producer led by Clive Johnson and Tom Garagan, withtwo gold mines in Nicaragua and one gold mine in the Philippines and a strongportfolio of development and exploration assets
IAMGOLD Corp.Mid tier gold producer with six operating gold mines on three continents and oneof the world’s three niobium mines.
Alder ResourcesToronto-based junior exploration company with a focus on exploration for base and precious metals in the Americas.
SHARE STRUCTUREIssued and Outstanding 222,910,918Options 21,200,000Warrants 12,500,000Fully Diluted 256,610,918Fully Diluted Cash Position $7,732,500Working Capital $2,700,000
Significant ShareholdersB2Gold Corp. 13.50%Pierre Lassonde 11.20%Management 9.00%
CALIBRE TEAM CALIBREMINING.COM 4
FEATHERSTONE CAPITAL
Douglas B. Forster, M.Sc., P.Geo Executive Chairman of the CalibreBoard » 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 ADVISORRaymond 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 more than 30 million ounces of gold into production in Africa, South America and Australia
» Democratic Republic with President Ortega elected to a new 5 year term in Nov. 2011
» Gold is Nicaragua’s No. 1 export in 2013
» Gold has helped Nicaragua’s economy grow by 4% annually in the past year, the highest rate in Central America
» Annual gold production has more than doubled in the past 3 years
» Supportive mining laws, and favourable tax regime
» Economist Intelligence Unit ranks Nicaragua as one of the safest countries in Central America
NICARAGUA: STABLE & SAFEUNDER EXPLORED MINING ENVIRONMENT
WORKING IN NICARAGUA CALIBREMINING.COM 5
111111xplo
1) IAMGOLD Option
2) Calibre 100% Owned
3) B2Gold Joint Venture
4) Alder Res. Option
BOROSI GOLD, SILVER AND COPPER CONCESSIONS (785 KM2) “MINING TRIANGLE DISTRICT”
7.9 million ozs past gold production – District Underexplored
BOROSI CONCESSION AREA CALIBREMINING.COM 6
BlagRiscosDe Oro
Primavera
La Luz
Cerro Aeropuerto
Montes De Oro
Bambana La Luna
Minnesota
Santa Rita
Guapinol
SIUNA
BONANZA
ROSITA
MANAGUA
BOROSI CONCESSIONS
a. Riscos de Orob. Guapinol; 2014 High grade Gold Discoveryc. Blag and others
a. Minnesota; 2014 Gold Discoveryb. Primavera (Gold/Copper)
a. Montes De Oro; High Grade Gold Discoveryb. Cerro Aeropuertoc. La Luz; Past Gold Producer
a. Santa Ritab. Bambana
EASTERN BOROSI GOLD DISTRICT – Optioned to IAMGOLD (176 km2)
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 7
» 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
» Multiple trends totaling more than 18 kilometres in length – each with a series of sub-parallel gold-silver bearing structures
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 8
5,500m Phase II Diamond Drill Program Underway
EASTERN BOROSI GOLD DISTRICT – Optioned to IAMGOLD
2012 – New Gold Resource at Riscos de Oro2014 – Phase I Drilling Completed at Guapinol
2015 – Phase II Drill Program Underway
40 Holes5500 metres
Phase II +5,000m drill program underway testing new gold/silver
targets and following up on high grade
gold/silver intercepts from the Phase I
program. Budget: $1.5 million
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 9
EASTERN BOROSI GOLD PROJECT – Phase 1 Drilling
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 10
EASTERN BOROSI GOLD PROJECT – Phase 1 Drill Program
2015 Phase II +5,500 metre Drill Program Underway
B2GOLD JOINT VENTURE CALIBREMINING.COM 11
B2GOLD JOINT VENTURE and OPTION (322.3 km2)» Joint Venture with B2Gold: B2Gold have earned a 51% interest in 322 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
SantoThomas
C
MINNESOTA GOLD PROJECT
GOLD GEOCHEMISTRY
MINNESOTA GOLD PROJECT CALIBREMINING.COM 12
B2GOLD/CALIBRE MINING JOINT VENTURE
» Soil / Rock Gold Anomaly > 3 km long
ID From (m) To (m) (m) Au (g/t)
MINTR14-001 0.00 14.55 14.55* 0.87
including 1.50 10.00 8.50 1.22
MINTR14-002 0.00 15.00 15.00* 0.41
MINTR14-003 0.00 6.00 6.00 0.21
MINTR14-005 2.00 3.50 1.50 0.77
MINTR14-006 0.00 14.80 14.80* 1.85
MNTR13-001 0.00 7.50 7.50 3.93
MNTR13-002 0.00 9.20 9.20 4.17
BRTR11-044 0.00 6.40 6.40 5.56
BRTR11-047 0.00 8.00 8.00 6.35
BRTR11-053 0.00 4.65 4.65 1.51
BRTR11-054 0.00 6.00 6.00 2.12
BRTR11-057 0.00 12.80 12.80 1.27
Highlight Trench
109.6m grading 1.58 g/t Gold
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 SilverMN14-004 47.00m grading 0.63g/t gold and 4.5g/t silverIncluding 25.6-30.1m (4.5m grading 3.43 g/t Au and 11.0g/t Ag)
» Road accessible with national power grid located 1.2 km from the project, 8km from town of Rosita
» Airborne geophysical survey completed over a large 5km by 5km interpreted intrusive/volcanic complex. Additional ground surveys completed
» 32 drill holes completed totaling 13,414m
» The higher grade Gold/copper porphyry mineralization has been intersected in drill holes over a 300m by 300m area and to a depth of 300m
PRIMAVERA GOLD/COPPER PROJECT CALIBREMINING.COM 13
COPPER IN SOIL GEOCHEMISTRY GOLD IN SOIL GEOCHEMISTRY AIRBORNE RADIOMETRICS
PRIMAVERA GOLD/COPPER PROJECT; B2GOLD\CALIBRE JOINT VENTURE
2011 NEW GOLD/COPPER DISCOVERY Drill Hole PR11–001
277m grading 0.5 g/t Gold & 0.21 % Cu
» mineralization comprised of quartz-magnetite-chalcopyrite-bornite veins and vein stockwork within broad zones of potassically and propylitically-altered intermediate volcanic and intrusive rocks
PRIMAVERA DRILL RESULTS HIGHLIGHTS*
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 GOLD/COPPER PROJECT RESULTS
*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%.Note: Holes 1-3 Jan. 20, 2012, Holes 4-10 April 16, 2012, holes 11-13 June 28, 2012 holes 14-32 Jan 2013
PRIMAVERA GOLD/COPPER PROJECT CALIBREMINING.COM 14
PICTURED DRILL INTERCEPT ASSAYED
» 5.52m @ 0.59g/t Au and 0.29% Cu (Section 196.93m-202.45m of Hole PR12-008)
Trench ID Interval (m) Gold (g/t) Copper (ppm)
PRTR11-005 51.3 1.53 680
PRTR11-010 107.0 0.78 980
PRTR11-011 179.4 0.63 997
PRTR11-014 51.7 0.42 1286
» >800m by 300m gold/copper soil geochemistry anomaly (open) with Additional gold/copper soil geochem anomalies outlined in the 25km2 Primavera porphyry target area.
» Trenches returned long intervals of continuous gold/copper mineralization
247.35m @0.43 g/t Au,
0.21% Cu
PR-12-008
261.70m @0.78 g/t Au,
0.30% Cu
PR-11-002159.53m @
0.46 g/t Au, 0.20% Cu
PR-12-011
OPEN TODEPTH
DRILL HOLES PR11-002, PR12-008, PR12-011
SIUNA PROJECT 100% CALIBRE CALIBREMINING.COM 15
SIUNA DISTRICT – 100% Calibre (253km2)» Past Producing La Luz Mine / 43-101 Resource at Cerro Aeropuerto / New Discovery at Montes de Oro
La LuzCerro Aeropuerto
Montes De Oro
SIUNA
CerroLa Virgen
/
SIUNA DISTRICT (100% CALIBRE OWNED)
SIUNA DISTRICT 100% OWNED CALIBREMINING.COM 16
Historic La Luz MineOpen Pit
Cerro Aeropuerto
500m
La Luz MineOpen PitAnd Underground
Cerro Potosi
30.2m @2.83 g/t Au
91.5m @2.75 g/t Au
» Exploration by Calibre has defined a series of Targets with the same style as the 2.2Moz 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
» Additional ground exploration work on going
La VIRGEN1km x 3km Au/Cu Anomaly
MONTES DE ORO; 400 x 650m Au/Ag/As/Cu/Zn Anomaly
» New gold-copper-silver-zinc mineralization discovery at the Montes de Oro target, north of the Cerro Aeropuerto gold-silver deposit.
» 400 m x 650 m gold-copper-lead-zinc anomaly open along the northeast.
» Trenching has only partially tested a strong coincident gold-silver-copper-lead-zinc anomaly.
» Recent exploration has significantly extended zonemore than 250 metres to the north
Trench Results
Trench From To length Au Cu Zn
ID (m) (m) (m) (g/t) (%) (%)
MTR13-009 0.0 52.3 52.3 7.07 0.06 1.23
incl 10.7 52.3 41.6 8.46 0.07 1.47
incl 10.7 36.9 26.2 12.54 0.1 2.32
MTR13-017 0.0 27.5 27.5 4.93 0.05 0.38
incl 14.0 23.0 9.0 10.15 0.06 0.29
MTR13-018 20.0 29.0 9.0 3.11 0.02 0.41
MTR13-019 4.8 21.0 16.2 4.68 0.05 0.22
MTR13-020 29.5 38.0 8.5 1.66 0.03 0.23
MTR13-022 0.0 6.0 6.0 4.73 0.03 0.07
MTR13-026 0.0 33.5 33.5 2.10 0.04 0.05
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 17
Montes de Oro (SIUNA DISTRICT – 100% Calibre)Gold – Silver – Copper - Zinc
2013 NEW GOLD DISCOVERY Trench MNTR13–009
with 52m grading 7.1 g/t Gold
MONTES DE ORO (100% Calibre) - SOIL GEOCHEM MAP / TRENCH HIGHLIGHTSMONTES DE ORO GOLD PROJECT CALIBREMINING.COM 18
16.2m @ 4.68 g/t Au
27.5m @ 4.93 g/t Au
33.5m @ 2.10 g/t Au
52.3m @ 7.07 g/t Au
» On-going exploration includes;Ground geophysics, and additional trenching
» First Phase diamond drilling to start in Q1 2015.
» Additional work to be completed advancing Other Targets
MONTES DE ORO (100% Calibre) – CURRENT EXPLORATION
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 19
» Q4 2014 ground magnetic survey completed over entire Gold in soil anomaly.
» Q1 2015 Induced Polarization Survey underway.
» additional trenching to be completed in Q1 2015.
» Drilling expected Q1 2015
Additional Exploration On-going on “Look Alike” Targets
ROSITA OPTION FORMER SANTA RITA
COPPER-GOLD MINE (33.56 km2)Optioned to Alder Resources
» Optioned to Alder Resources. Spending C$4.0 million over four years (C$3.6 to date) to earn a 65% stake
» Rosita D concession: 3,356 hectares - 5% of Calibre’s concessions in the Mining Triangle
ROSITA PROJECT CALIBREMINING.COM 20
BambanaSanta 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
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
NI 43-101 COPPER/GOLD/SILVER RESOURCES AT ROSITAOPTIONED TO ALDER RESOURCESCalibre Mining Corp. and Alder Resources 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 21
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
Summary» Nicaragua provides a favourable, stable, environment for mining.
» Calibre has Multiple Chances for Success with partnerships with Two Mid-Tier Producers as well as 100% owned Ground
» New gold-skarn discovery at Calibre’s 100% owned Montes de Oro gold project (52.3 m grading 7.1g/t Au MTR13-009)
» IAMGOLD and B2Gold both with Active Exploration Programa. IAMGOLD – Drilling on Eastern Borosi Projectb. B2Gold – Additional work at Minnesota and
Primavera.
» Calibre’s partners to spend up to $12M on exploration over the next 3 years
INFORMATIONRyan King
(604) 628.1012
Calibre Mining Corp.
1620 – 1066 West Hastings St.
Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com
Partnered for
Discovery
EXPLORATION TIME LINE & NEWS Flow
Calibre Mining Corp.
1620 – 1066 West
Hastings St.
Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com
