Vancouver, British Columbia: Robert D. Brown, President and CEO of Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) reports that after a strategic review and, in light of current market conditions, the Management and Board of Directors have approved a change in the exploration focus of the company. Calibre will narrow its efforts to strategic opportunities in the Americas, with specific focus on the acquisition, exploration and development of epithermal and porphyry related gold, silver and copper deposits. Generative programs are currently underway with the goal of identifying strategic precious metal and copper deposits for further follow up and acquisition.
In light of this change in strategic direction, the company has reduced its landholdings surrounding the Pt. Leamington zinc-gold deposit in Newfoundland, Canada and will be reviewing opportunities to further rationalize projects in Canada and Australia.
Calibre Mining Corp. is a TSX Venture Exchange listed company (TSX.V: CXB) that is focused on the acquisition, exploration and development of gold, silver and copper deposits in the Americas.
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.
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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.