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

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Page 1: Calibre Mining Corporate Presentation

Advanced Gold-Copper-Silver ExplorationBorosi Concessions, Mining Triangle, NicaraguaTSX.V: CXB March 2016

Partnered for

Discovery

Page 2: Calibre Mining Corporate Presentation

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

Page 3: Calibre Mining Corporate Presentation

INVESTMENT HIGHLIGHTSCALIBRE INVESTMENT HIGHLIGHTS CALIBREMINING.COM 3

IAMGOLD PARTNERSHIP: • spending $5M over 3 years / 2015; +6,000m & 2016 +5,500m 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: • 2016 Resource Update / 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% Ownershipin > 500 km2

2016; Estimated $4 million in exploration funded by Partners

Page 4: Calibre Mining Corporate Presentation

PARTNERS

CALIBRE MANAGEMENT / BOARDGreg 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 in politics, former Member of Parliament, and a member of the Queen’s Privy Council for Canada; Senior Advisor at McMillan LLP.

Ryan King, Vice President» 10 years of resource sector, equity financing and public companies

Kristian Dagsaan, CA, Chief Financial Officer» 8 years with public accounting, auditing, and regulatory compliance

Marc Cianci, Senior Project Geologist / Country Manager» sixth year as Senior Geologist for Calibre in Nicaragua

B2Gold Corp.Nicaragua’s largest gold producer led by Clive Johnson and Tom Garagan, withtwo gold mines in Nicaragua and one in the Philippines and one in Namibia as wellas a strong portfolio of development and exploration assets

IAMGOLD Corp.Mid tier gold producer with six operating gold mines on three continents.

Centerra GoldCenterra is a North-American based gold mining company focused on operating,developing, exploring and acquiring gold properties primarily in Asia, NorthAmerica and other markets worldwide. Centerra is the largest Western-basedgold producer in Central Asia.

Rosita Mining CorpToronto-based junior exploration company with a focus on exploration for base and precious metals in Nicaragua.

SHARE STRUCTUREIssued and Outstanding 222,910,918Options 18,575,000Warrants 12,500,000Fully Diluted 253,985,918Working Capital $900,000

Significant ShareholdersB2Gold Corp. 13.50%Pierre Lassonde 11.20%Management 9.00%

CALIBRE TEAM CALIBREMINING.COM 4

FEATHERSTONE CAPITALDouglas 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 companiesBlayne 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 >30 million gold ounces into production in Africa, South America and Australia

CALIBRE – EXPERIENCED TEAM / STRONG PARTNERS

Page 5: Calibre Mining Corporate Presentation

» 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 & SAFEUNDER EXPLORED MINING ENVIRONMENT

WORKING IN NICARAGUA CALIBREMINING.COM 5

NICARAGUA – SAFE COUNTRY / MINING FRIENDLY JURISTITION

Page 6: Calibre Mining Corporate Presentation

7.9 million ozs past gold production – District Underexplored

BOROSI CONCESSION AREA CALIBREMINING.COM 6

1) IAMGOLD Optiona. Riscos de Oro; Gold – Silver resourceb. Guapinol; 2014 High grade Gold Discoveryc. Blag; 2015 High grade Gold Discovery

2) Centerra Optiona. Cerro Aeropuerto; existing 750K AuEq oz Resourceb. La Luz; Past Gold Producer (2.2M oz)

3) Calibre 100% Owneda. Montes De Oro; High Grade Gold Discoveryb. >50,00ha (>500km2)

4) B2Gold Joint Venturea. Monte Carmelo; 2015 Gold Discoveryb. Primavera; Gold/Copper Porphyry Discovery

5) Rosita Mining JVa. Santa Rita; Copper - Gold –Silver resourceb. 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”

Page 7: Calibre Mining Corporate Presentation

BOROSI CONCESSION AREA CALIBREMINING.COM 7

Borosi Concession - High Quality Projects in Historic District a. Past Production; 8M oz Gold and 300 million lbs Copperb. Existing Resources; >1M ozs Goldc. Discovery Potential; 5 Discoveries since 2011c. Geology; Deposits include LS Veins, Porphyries, and Skarns

Strong Partnersa. Mid Tier Mining Companies; IAMGOLD, Centerra, and B2Goldb. Local Support; Continued government & community support

High Grade Golda. Expanding on Drill Discoveries; High Grade Gold Intercepts - openb. New Surface Targets; Successful Programs - High Grade Gold to be tested

Multiple Drilling and Exploration Programs in 2016a. Eastern Borosi Project - IAMGOLD; more drilling step-out an in-fillb. Siuna Project with Centerra; surface exploration and drillingc. B2Gold Joint Venture Project; continued advancementd. 100% Owned Projects; >50,000 hectares

BOROSI CONCESSIONS 2016Continued Exploration – Industry need for Discoveries

Page 8: Calibre Mining Corporate Presentation

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 Oro2014 – 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

>11,400 metres of Drilling Completed in 2014 / 2015

More Drilling in 2016

Gold Anomalous Trends defined by Soil/Rock Samples

Page 9: Calibre Mining Corporate Presentation

EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 9

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)

2014/15GuapinolHighlights;

VancouverHighlights;

2014 – High Grade Gold Discovery at Guapinol2015 – Phase II Drill Program Successful

2016 - Follow-up and In-Fill Drilling

2016 Additional Drilling Planned

Page 10: Calibre Mining Corporate Presentation

EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 10

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 DomeHighlights;

EASTERN BOROSI GOLD PROJECT – 2014/2015 Drilling Blag Main & East Dome Highlights

2016 Additional Drilling Underway

Page 11: Calibre Mining Corporate Presentation

EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 11

2016 Drilling Program of 5,500 metres to test Extensions of Open High Grade Mineralization at; East Dome, Main Blag, Santos Trend,

Guapinol, and Vancouver Vein Systems

EASTERN BOROSI GOLD PROJECT – 2016 Drilling Underway

Page 12: Calibre Mining Corporate Presentation

LA LUZ PROJECT OPTIONED TO CENTERRA CALIBREMINING.COM 12

SIUNA DISTRICT – LA LUZ PROJECTOptioned 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

Page 13: Calibre Mining Corporate Presentation

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LA LUZ PROJECT OPTIONED TO CENTERRA CALIBREMINING.COM 13

» Previous exploration on the La Luz Project by Calibre and others has defined a series of Targets including;

» Existing Targets; geological. geochemical, and geophysical anomalies» Concession wide sampling and mapping completed

La Luz Project – Optioned to Centerra Gold

1) Cerro Aeropuerto; inferred resource 6.05Mt @ 3.64 g/t Au & 16.16 g/t Ag for 707,000 ounces gold & 3.14 Moz silver2) Cerro Potosi; footwall mineralization to historic La Luz Deposit3) Cerro El Coyol – Tiburon Trend; defined by anomalous gold in rock sample and historic work

2016 Additional

Drilling Planned

Cerro Aeropuerto; 2016 Drill Results 71.05 metres grading 2.89 g/t Au incl. 26 metres @ 6.39 g/t Au

30.2m @2.83 g/t Au

91.5m @2.75 g/t Au

Page 14: Calibre Mining Corporate Presentation

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LA LUZ PROJECT OPTIONED TO CENTERRA CALIBREMINING.COM 14

2016 – On-Going Exploration and Drilling Program

» 1500 metre drilling program at Cerro Aeropuerto completed Q1 2016» Results for 2 holes received including; 71.05 metres grading 2.89 g/t Au» Additional Drilling on new Targets to be completed in 2016

71.05m @2.89 g/t Au 71.05m @

2.89 g/t Au

Page 15: Calibre Mining Corporate Presentation

/

LA LUZ PROJECT OPTIONED TO CENTERRA CALIBREMINING.COM 15

2016 – On-Going Exploration and Drilling Program

» In-Fill soil sampling on defined anomalous trends; - Cerro Coyol-Tiburon (2.8km x 1.0km) and Campo Viejo» trenching on new trends to define drill targets

In-FillSoils

On-GoingTrenching

» Additional Drilling on new Targets to be completed in 2016

Intersections High Priority Targets

Page 16: Calibre Mining Corporate Presentation

B2GOLD JOINT VENTURE CALIBREMINING.COM 16

B2GOLD JOINT VENTURE and OPTION (66.2 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

PRIMAVERA AIRBORNE RADIOMETRICS

Monte Carmelo

Primavera

Page 17: Calibre Mining Corporate Presentation

» 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 17

PRIMAVERA GOLD/COPPER PROJECT B2GOLD\CALIBRE 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

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

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

»

Page 18: Calibre Mining Corporate Presentation

MONTE CARMELO GOLD PROJECT CALIBREMINING.COM 18

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 – Auger Program Underway» Project fully permitted for Drilling

Page 19: Calibre Mining Corporate Presentation

MONTE CARMELO GOLD PROJECT CALIBREMINING.COM 19

MONTE CARMELO GOLD PROJECT

» Q1 2016 – Expanded Auger Program Underway» Project fully permitted for Drilling

105m @ 5.47 g/t Au

16.5

g/t Au

m

30.4 38.4

Page 20: Calibre Mining Corporate Presentation

100% CALIBRE PROJECTS CALIBREMINING.COM 20

100% Calibre (586km2)» Calibre maintains 100% ownership on 58,685 hectares (586km2)

a. N. Siuna District = 241 km2

b. Rosita Area = 122 km2

c. Carpatos Area = 73 km2

d. El Paste = 150 km2

» Siuna District includes New Gold-Silver Discovery at Montes de Oro - 2015 Phase I Drilling ProgramCompleted at Montes de Oro

Page 21: Calibre Mining Corporate Presentation

100% Calibre Projects100% CALIBRE PROJECTS CALIBREMINING.COM 21

Rosita District122 km2

CarpatosDistrict 73 km2

N. SiunaDistrict241 km2

Mina Victoria1km x 3km Au/Cu Anomaly

MONTES DE ORO 1.4km x 500m Au/Ag - As/Cu/Zn Anomaly

Targets include kilometer-scale geological, geochemical, and geophysical anomalies

Projects have proven potential for porphyry, skarn, replacement, and

epithermal gold-silver-copper deposits

Page 22: Calibre Mining Corporate Presentation

SIUNA DISTRICT (100% Calibre) – CURRENT EXPLORATIONSIUNA PROJECT 100% CALIBRE CALIBREMINING.COM 22

» Additional Exploration continues on La Luz “Look Alike” Targets

» Multi-kilometer scale geological, geochemical, and geophysical anomalies

ON THE PATH TO NEW DISCOVERIES

» Gold associated with multi-phase intrusions and disseminated to semi-massive to massive sulphide zonesMD15-007; 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)

Page 23: Calibre Mining Corporate Presentation

El Paste Concession - (100% Calibre) Stream sediment program completed 2015100% CALIBRE EL PASTE CALIBREMINING.COM 23

» Two Anomalies Generated;1) 6km x 1-2km area on the

western portion of the Project comprised of 17 anomalous samples (with only one background value)

2) 4km X 3km Area in the eastern portion of the Project. Poorly defined due to limited sampling. Highest sample in survey with >600 ppb Au

81 stream sediment samples collected

Q3 2015

Gold Anomalies

El PasteConcession150 km2

Page 24: Calibre Mining Corporate Presentation

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 in the Rosita D concession: 33.6 km2 - 5% of Calibre’s concessions in the Mining Triangle

ROSITA PROJECT CALIBREMINING.COM 24

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

» 2016 NI 43-101 The resource estimate in stockpiles totals 70.9 million lbs. of copper and 96,660 oz. of gold and 46.2 million lbs. of copper and 50,330 oz. of gold in the Indicated and Inferred categories respectively.

» Metallurgical optimization and permitting process 2016

» High grade copper/gold/silver zone identified at Bambanawith 5.21% Cu, 4.40 g/t Au and 144g/t Ag over 12.1 metres

» 2016 – New Copper/Gold/Silver Resource at Santa Rita

» Q3/Q4 2015 Drilling Program Completed

Page 25: Calibre Mining Corporate Presentation

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 IAMGOLD5. * * Subject to Option Agreement with CENTERRA GOLD

NI 43-101 COPPER/GOLD/SILVER RESOURCES AT ROSITAOPTIONED TO ROSITA MINING CORP.Calibre Mining Corp. and Rosita Mining Inferred Resource (using a 0.15% Copper cutoff grade)

1. Mineral resources which 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, socio-political, marketing, or other relevant issues.2. 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.3. The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.4. A gold price of US$1,200/oz, copper price of US$2.5/lb and silver price of US$16/oz were utilized in the NSR calculations of block values with process recoveries of 80% for gold, 35% for Cu (10% deducted for smelting) and 65% for silver. These values were equated against a cut-off grade of US$10 for stockpiles and 0.3 g/t Au for tailing mineral resources.5. For the cut-off grade, mining costs were assumed at US$1.00/t, process costs at US$7.50/t and G&A costs at US$1.50/t6. Totals in the table may not sum due to rounding.

CALIBRE MINING NI43-101 INFERRED RESOURCES CALIBREMINING.COM 25

Tonnes and Grade Total OuncesDeposit 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 3,144,500 757,000La Luna * 2,539,000 1.56 14.01 1.78 127,700 1,143,570 146,000Riscos 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

Area Class Tonne (kt)

Au (g/t)

Au (koz)

Cu%

Cu (kt)

Ag (g/t)

Ag (koz)

Stockpiles Indicated 6,460 0.47 96.7 0.50 32.2 7.32 1,520.5Stockpiles Inferred 3,437 0.46 50.3 0.61 21.0 8.66 957.5Tailings Inferred 1,956 0.56 35.2 0.21 4.0 9.65 607.0

Page 26: Calibre Mining Corporate Presentation

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 Programa. IAMGOLD – Drilling on Eastern Borosi Projectb. Centerra Gold – Drilling on La Luz Projectc. 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 [email protected](604) 628 1012Calibre Mining Corp.1680-200 Burrard St.Vancouver, BC V6C3L6TSX.V: CXBcalibremining.com

Partnered for

Discovery

>500km 2 of100% owned

Projects

2016; Estimated $4 million in exploration funded by Partners

Page 27: Calibre Mining Corporate Presentation

EXPLORATION TIME LINE & NEWS Flow

Calibre Mining Corp.1680-200 Burrard St.Vancouver, BC V6C 3L6TSX.V: CXBcalibremining.com