News Releases

Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is pleased to announce the closing of a non-brokered, private placement financing consisting of 10.0 million units at a price of $0.05 per unit for gross proceeds of $500,000. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share in Calibre for a period of two years from closing at a price of $0.10 per share in the first year and $0.15 per share in the second year. There was no commission or finders fee payable on the financing. The proceeds of the private placement financing will be used by the Company for general working capital.

Doug Forster, a director of Calibre announced that he has filed an Early Warning Report dated February 27, 2009 advising of his holdings in Calibre pursuant to the requirements of applicable securities legislation.

Mr. Forster acquired beneficial ownership of 1,100,000 units of Calibre at a price of $0.05 per unit through a private placement. Mr. Forster now beneficially owns, directly or indirectly 5,620,464 common shares of Calibre (the “Shares”), 1,100,000 common share purchase warrants (the “Warrants”) and stock options to acquire an additional 200,000 common shares (the “Options”). The Shares represent 9.3% of the issued and outstanding common shares of Calibre as of February 27, 2009. Assuming the exercise of all Warrants and Options, the Shares, Warrants and Options would represent approximately 11.2% of the issued and outstanding common shares of Calibre as of February 27, 2009 (calculated on a partially diluted pro forma basis).

Mr. Forster acquired the securities pursuant to a private placement for investment purposes and may, from time to time acquire additional securities of the Company, dis pose of some of the securities he holds or continue to hold his current position.

Blayne Johnson, a director of Calibre announced that he has filed an Early Warning Report dated February 27, 2009 advising of his holdings in Calibre pursuant to the requirements of applicable securities legislation.

Mr. Johnson acquired beneficial ownership of 1,000,000 units of Calibre at a price of $0.05 per unit through a private placement. Mr. Johnson now beneficially owns, directly or indirectly 5,700,466 common shares of Calibre (the “Shares”), 1,000,000 common share purchase warrants (the “Warrants”) and stock options to acquire an additional 600,000 common shares (the “Options”). The Shares represent 9.4% of the issued and outstanding common shares of Calibre as of February 27, 2009. Assuming the exercise of all Warrants and Options, the Shares, Warrants and Options would represent approximately 11.7% of the issued and outstanding common shares of Calibre as of February 27, 2009 (calculated on a partially diluted pro forma basis).

Mr. Johnson acquired the securities pursuant to a private placement for investment purposes and may, from time to time acquire additional securities of the Company, dispose of some of the securities he holds or continue to hold his current position.

Calibre Mining Corp. is a TSX Venture Exchange listed company (TSX.V: CXB) that is focused on the acquisition, exploration and development of gold and copper deposits. In addition to the on-going exploration programs in Australia, Calibre is continuing to advance the Pt. Leamington gold-zinc massive sulphide deposit in Newfoundland, Canada.

Calibre Mining Corp.

Signed “Robert Brown”
Robert D. Brown, B.Sc., MBA
President and CEO


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements including but not limited to those with respect to the price of gold, silver or copper, potential mineralization, reserve and resource determination, exploration results, and future plans and objectives of the Company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Calibre Mining Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


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