Caliber comments on doing business in Nicaragua, Canadian Business Journal

VANCOUVER, British Columbia, October 25, 2022 (GLOBE NEWSWIRE) — Caliber Mining Co., Ltd. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or “Company”) is a Canadian company operating in Nevada and Nicaragua since 2009 with a United States We are analyzing recent Treasury Department announcements (US Treasury Department announcements can be found here) related to sanctions imposed on the Nicaraguan Mines Authority.

Caliber is actively reviewing recent sanctions and has reached out to the U.S. Treasury Department to ensure full compliance with these provisions. Caliber reaffirms its commitment to continue to comply with all relevant international laws and restrictions.

We will provide a market update as additional information becomes available, after consultation with our advisors and the US Treasury Department.

On behalf of the Board of Directors

“Darren Hall”

Darren Hall, President and CEO

For more information, please contact:

Ryan King
Senior Vice President of Corporate Development and Investor Relations
Phone: 604.628.1010
E: [email protected]
W: www.calibremining.com

About Caliber Mining Corporation

Caliber is a Canadian-listed, growing gold producer focused on the Americas, with a strong pipeline of development and exploration opportunities in Nevada and Washington, USA, and Nicaragua. Caliber is focused on delivering sustainable value to its shareholders, communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, no debt, proven management team, strong operating cash flow, increasing development projects and district-wide exploration opportunities, Caliber unlocks significant value.

Cautionary Note Regarding Forward-Looking Statements
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements regarding anticipated future events or developments contained in this news release are forward-looking statements. Forward-looking statements are statements that are not historical facts and include “expects,” “plans,” “predicts,” “projects,” “goals,” “could,” are identified by words such as “budget”, “estimate”, “intend” or “believe” and similar expressions or negative connotations thereof or that event or condition “will”, “will”, “could” , “may”, “should” or “may” occur. Forward-looking statements necessarily involve assumptions, risks and uncertainties that Some of which are beyond Caliber’s control.For a list of risk factors that apply to us, please refer to Caliber’s Annual Information Form for the year ended December 31, 2021. www.sedar.comThis list is not an exhaustive list of factors that may affect Caliber’s forward-looking statements.

Caliber’s forward-looking statements are based on applicable assumptions and factors that management believes to be reasonable as of the date hereof based on information available at the time. Caliber undertakes no obligation to update any forward-looking statements if circumstances or management’s beliefs, expectations or opinions change, except as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements may differ materially from those expressed or implied in these forward-looking statements. . Therefore, undue reliance should not be placed on forward-looking statements.

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