Calibre Mining Announces Approved Warrant Extension

VANCOUVER, British Columbia, March 20, 2018 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX-V:CXB) (the "Company" or "Calibre") announces that it has received approval from the TSX Venture Exchange for the extension of the expiry date of 26,600,000 common share purchase warrants issued on April 21, 2016 (the "Warrants"). The TSX Venture has approved the Company's request to extend the expiry date of the Warrants from April 21, 2018 to April 21, 2019.  The Warrants were issued as part of a private placement transaction and are exercisable at $0.16.  All other terms of the Warrants will remain the same. 

About Calibre Mining Corp.
Calibre owns a 100% interest in over 413 km² of mineral concessions in the Mining Triangle of Northeast Nicaragua including the Primavera Gold-Copper Project and Santa Maria Gold Project.  Additionally, the Company has a joint venture with IAMGOLD (176 km²) and an option agreement with Centerra Gold (253 km²) on concessions covering an aggregate area of 429 km² and is party to a joint venture on the 33.6 km² Rosita D gold-copper-silver project with Rosita Mining Corporation.  Major shareholders of Calibre include gold producer B2Gold Corp, Pierre Lassonde and management.

Calibre Mining Corp.

"Greg Smith"

Greg Smith, P.Geo.
President and CEO

For further information contact:
Ryan King
604 628-1012
www.calibremining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements".  Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the 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, 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 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.