Caliber Provides Updates, Confirms No Material Impact on Operations, The Canadian Business Journal

VANCOUVER, British Columbia, October 27, 2022 (GLOBE NEWSWIRE) — Caliber Mining Co., Ltd. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”), in addition to a press release dated October 25, 2022, following discussions with advisors related to the sanctions imposed on the Nicaraguan General. We are pleased to announce that: Internal review of the U.S. Department of the Treasury’s Directorate General of Mines (“Sanctions”) and current and future planned operations on October 24, 2022 confirms that the sanctions will not have a material impact on our operations in Nicaragua To do. The Libertad and Limon complexes are operating according to plan and the company is on track to meet his 2022 consolidated annual production guidance of 220,000 to 235,000 ounces of gold.

Caliber reiterates its commitment to Nicaraguan assets, particularly its employees and host community. Caliber manages these assets in ways that contribute to economic development while protecting people, respecting cultural heritage and acting as stewards of the natural environment. We will continue to strive to deliver sustainable value to all our stakeholders through responsible operations and a disciplined approach to growth.

Caliber, with the assistance of its advisors, will continue to monitor its business to ensure that it remains in compliance with all relevant laws and regulations, including sanctions that may result from Executive Order 13851, as well as international standards and best practices.

on on behalf of the board

“Darren hole”

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. Available at .sedar.com This list is not an exhaustive list of factors that may affect Caliber’s forward-looking statements. Sanctions that may be implemented as a result of U.S. Executive Order 13851, dated October 24, 2022.

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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