Calibre Mining Responds to Condor Gold Announcement

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VANCOUVER, British Columbia, Dec. 01, 2024 (GLOBE NEWSWIRE) – Caliber Mining Company (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is referred to in a Condor Gold press release. Condor Gold began the process of selling its La India gold assets two years ago. During this time, Caliber acknowledged that it was involved in discussions with Condor regarding the potential acquisition of La India’s gold assets, which aligns well with Caliber’s Hub & Spoke operation. However, Caliber confirms that it is not currently in discussions with Condor, nor does it have an active offer. At this time, unless Condor is prepared to re-engage in meaningful discussions, Caliber does not envision completing the acquisition.

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About caliber

Caliber (TSX:CXB) is a Canadian-listed mid-tier gold producer focused on the Americas with a strong pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the USA and Nicaragua. Caliber is focused on delivering sustainable value to shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, proven management team, strong operating cash flow, accretive development projects and region-wide exploration opportunities, Caliber will unlock significant value.

For more information, please contact:

Ryan King
Senior Vice President of Corporate Development and Investor Relations
T: 604.628.1012
Email: calibre@calibremining.com
Th: www.calibremining.com

Caliber’s principal office is located at Suite 1560, 200 Burrard St., Vancouver, British Columbia, V6C 3L6.

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The Toronto Stock Exchange has not reviewed or accepts responsibility for the adequacy or accuracy of this news release.

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Cautionary note regarding forward-looking information

This press release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this press release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as “expect”, “plan”, “anticipate”, “project”, “goal”, “potential”, “schedule”, “forecast”, “budget” or “estimate”. “or “assumption”, “intent”, “strategy”, “objective”, “goal”, “possible”, “belief” and similar expressions or their negative connotations, or that events or circumstances “will”, “were” , “may,” “could,” “should,” or “might” occur, and includes information regarding: (1) expectations regarding whether the transaction will be consummated, including whether the conditions to consummation of the transaction will be met, or the timing for consummation; The transaction and obtaining the required approvals; (2) the expected timing of Condor’s stockholder meeting and court-ordered hearing; (iii) expectations regarding the potential benefits and synergies of the transaction; (4) projections regarding Condor’s mineral reserves and estimates of mineral resources, additional mineral reserves and future production; (5) expectations regarding the use of surplus processing capacity; and (6) expectations of other economic, business and/or competitive factors.

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Forward-looking statements necessarily involve assumptions, risks and uncertainties, some of which are beyond Caliber’s control. For a list of risk factors applicable to the Company, please refer to Caliber’s Annual Information Form (“AIF”) for the year ended December 31, 2023, Management’s Discussion and Analysis for the year ended December 31, 2023 and other disclosure documents The Company has filed the Company’s SEDAR+ profile at www. .sedarplus.ca.

Caliber’s forward-looking statements are based on applicable assumptions and factors that management considers reasonable as of the date hereof, based on information available to management at that time. Caliber undertakes no obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions change other than 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 in or implied by such forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements.

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