Calibre Mining - Corporate Presentation - January 2015

1. Advanced Gold-Copper-Silver Exploration
Borosi Concessions, Mining Triangle, Nicaragua
TSX.V: CXB February 2015
Partnered for Discovery

2. Certain statements in this document constitute “forward
looking statements” which may not be based on historical
fact. Such forward looking statements involve known and
unknown risk, uncertainties and other factors which may
cause the actual results, performance or achievements of the
Company, or industry results to be materially different from
any future results, performance, or achievements expressed
or implied by such forward looking statements. Such factors
include, among others, the following: actual results of
exploration and development activities; the costs and timing
of the development of new deposits; future prices of precious
and base metals; accidents; risks inherent in mineral
exploration; risks associated with development, construction
and mining operations; restrictions on foreign ownership; the
Company’s history of operating losses and uncertainty of
future profitability; uncertainty of access to additional capital;
and environmental liability claims and insurance. This
presentation is not an offer to purchase securities and does
not constitute an offering document under Securities
legislation.
Mr. Gregory Smith, P.Geo, the President and CEO of the
Company, is the Qualified Person as defined by NI 43-101, and
has prepared and approved the technical data and
information in this presentation
FORWARD LOOKING
STATEMENT

3. INVESTMENT HIGHLIGHTS
CALIBRE INVESTMENT HIGHLIGHTS CALIBREMINING.COM 3
• IAMGOLD PARTNERSHIP:
• IAMGOLD spending $5M over 3 years,
• 2015, +5,500 metre Phase II drill program underway
• NEW DISCOVERY; 4.8m grading 25.7 g/t Au and 35 g/t Ag and 6.0m grading 14.4 g/t Au
and 14.5 g/t Ag, 6.5m grading 16.9g/t Au and 20.9 g/t Ag
• 100% CALIBRE :
• Montes de Oro Target in the Siuna District,
• NEW DISCOVERY; 52.3 metres grading 7.1 g/t gold and 27.5 metres grading 4.93 g/t gold
within a 400 metre by 650 metre gold-silver-copper-zinc soil anomaly
• Recent $2M Strategic Investment by Pierre Lassonde
• B2GOLD PARTNERSHIP:
• B2GOLD Spending an additional $6m over 3 years,
• NEW DISCOVERY at Minnesota Gold Project,
• Discovery Trench 109m grading 1.58 g/t gold and open
• CALIBRE HAS MULTIPLE CHANCES FOR SUCCESS ON THE BOROSI CONCESSIONS
Partnered
for
Discovery

4. EXPERIENCED TEAM
PARTNERS
Greg 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.
Paulo Santos, CA Chief Financial Officer
» 10+ years experience with public accounting, auditing, and regulatory
compliance
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 experience in politics, former Member of Parliament, and a
member of the Queen’s Privy Council for Canada;
» Strategic Senior Advisor at McMillan LLP.
Ryan King, Vice President
» 10 years of resource sector, equity financing and public company
experience
B2Gold Corp.
Nicaragua’s largest gold producer led by Clive Johnson and Tom Garagan, with
two gold mines in Nicaragua and one gold mine in the Philippines and a strong
portfolio of development and exploration assets
IAMGOLD Corp.
Mid tier gold producer with six operating gold mines on three continents and one
of the world’s three niobium mines.
Alder Resources
Toronto-based junior exploration company with a focus on exploration for base
and precious metals in the Americas.
SHARE STRUCTURE
Issued and Outstanding 222,910,918
Options 21,200,000
Warrants 12,500,000
Fully Diluted 256,610,918
Fully Diluted Cash Position $7,732,500
Working Capital $2,700,000
Significant Shareholders
B2Gold Corp. 13.50%
Pierre Lassonde 11.20%
Management 9.00%
CALIBRE TEAM CALIBREMINING.COM 4
FEATHERSTONE CAPITAL
Douglas B. Forster, M.Sc., P.Geo Executive Chairman of the Calibre
Board
» 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 companies
Blayne Johnson Lead Director of Calibre Board
» 25 years of capital markets experience;
» Former VP of First Marathon Securities
» Chairman of Featherstone Capital Inc.
SENIOR ADVISOR
Raymond 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
more than 30 million ounces of gold into production in Africa, South
America and Australia

5. » Democratic Republic with President Ortega
elected to a new 5 year term in Nov. 2011
» Gold is Nicaragua’s No. 1 export in 2013
» Gold has helped Nicaragua’s economy grow by 4%
annually in the past year, the highest rate in Central
America
» Annual gold production has more than doubled in
the past 3 years
» Supportive mining laws, and favourable tax regime
» Economist Intelligence Unit ranks Nicaragua as
one of the safest countries in Central America
NICARAGUA: STABLE & SAFE
UNDER EXPLORED MINING ENVIRONMENT
WORKING IN NICARAGUA CALIBREMINING.COM 5

6. 111111xplo
1) IAMGOLD Option
2) Calibre 100% Owned
3) B2Gold Joint Venture
4) Alder Res. Option
BOROSI GOLD, SILVER AND COPPER CONCESSIONS (785 KM2)
“MINING TRIANGLE DISTRICT”
7.9 million ozs past gold production – District Underexplored
BOROSI CONCESSION AREA CALIBREMINING.COM 6
Blag
Riscos
De Oro
Primavera
La Luz
Cerro Aeropuerto
Montes
De Oro
Bambana La Luna
Minnesota
Santa Rita
Guapinol
SIUNA
BONANZA
ROSITA
MANAGUA
BOROSI
CONCESSIONS
a. Riscos de Oro
b. Guapinol; 2014 High
grade Gold Discovery
c. Blag and others
a. Minnesota; 2014 Gold
Discovery
b. Primavera (Gold/Copper)
a. Montes De Oro; High
Grade Gold Discovery
b. Cerro Aeropuerto
c. La Luz; Past Gold Producer
a. Santa Rita
b. Bambana

7. EASTERN BOROSI GOLD DISTRICT – Optioned to IAMGOLD (176 km2)
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 7
» 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
» Multiple trends totaling more than 18 kilometres in
length – each with a series of sub-parallel gold-silver
bearing structures

8. EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 8
5,500m Phase II Diamond Drill Program Underway
EASTERN BOROSI GOLD DISTRICT – Optioned to IAMGOLD
2012 – New Gold Resource at Riscos de Oro
2014 – Phase I Drilling Completed at Guapinol
2015 – Phase II Drill Program Underway
40 Holes
5500 metres
Phase II +5,000m
drill program underway
testing new gold/silver
targets and following up
on high grade
gold/silver intercepts
from the Phase I
program.
Budget: $1.5 million

9. EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 9
EASTERN BOROSI GOLD PROJECT – Phase 1 Drilling

10. EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 10
EASTERN BOROSI GOLD PROJECT – Phase 1 Drill Program
2015 Phase II +5,500 metre Drill Program Underway

11. B2GOLD JOINT VENTURE CALIBREMINING.COM 11
B2GOLD JOINT VENTURE and OPTION (322.3 km2)
» Joint Venture with B2Gold: B2Gold have earned a 51% interest in 322 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
Minnesota
Santo
Thomas

12. C
MINNESOTA GOLD PROJECT
GOLD GEOCHEMISTRY
MINNESOTA GOLD PROJECT CALIBREMINING.COM 12
B2GOLD/CALIBRE MINING JOINT VENTURE
» Soil / Rock Gold Anomaly > 3 km long
ID From (m) To (m) (m) Au (g/t)
MINTR14-001 0.00 14.55 14.55* 0.87
including 1.50 10.00 8.50 1.22
MINTR14-002 0.00 15.00 15.00* 0.41
MINTR14-003 0.00 6.00 6.00 0.21
MINTR14-005 2.00 3.50 1.50 0.77
MINTR14-006 0.00 14.80 14.80* 1.85
MNTR13-001 0.00 7.50 7.50 3.93
MNTR13-002 0.00 9.20 9.20 4.17
BRTR11-044 0.00 6.40 6.40 5.56
BRTR11-047 0.00 8.00 8.00 6.35
BRTR11-053 0.00 4.65 4.65 1.51
BRTR11-054 0.00 6.00 6.00 2.12
BRTR11-057 0.00 12.80 12.80 1.27
Highlight Trench
109.6m grading 1.58 g/t Gold
Seven Reconnaissance drill holes completed in 2014
Highlight drill results include;
MN14-001 31.35m grading 0.63g/t gold and 4.7 g/t Silver
MN14-004 47.00m grading 0.63g/t gold and 4.5g/t silver
Including 25.6-30.1m (4.5m grading 3.43 g/t Au and 11.0g/t Ag)

13. » Road accessible with national power grid located 1.2
km from the project, 8km from town of Rosita
» Airborne geophysical survey completed over a large
5km by 5km interpreted intrusive/volcanic complex.
Additional ground surveys completed
» 32 drill holes completed totaling 13,414m
» The higher grade Gold/copper porphyry mineralization
has been intersected in drill holes over a 300m by 300m
area and to a depth of 300m
PRIMAVERA GOLD/COPPER PROJECT CALIBREMINING.COM 13
COPPER IN SOIL GEOCHEMISTRYGOLD IN SOIL GEOCHEMISTRY AIRBORNE RADIOMETRICS
PRIMAVERA GOLD/COPPER PROJECT; B2GOLDCALIBRE JOINT VENTURE
2011 NEW GOLD/COPPER DISCOVERY
Drill Hole PR11–001
277m grading 0.5 g/t Gold & 0.21 % Cu
» mineralization comprised of quartz-magnetite-
chalcopyrite-bornite veins and vein stockwork within
broad zones of potassically and propylitically-altered
intermediate volcanic and intrusive rocks

14. PRIMAVERA DRILL RESULTS HIGHLIGHTS*
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 GOLD/COPPER PROJECT RESULTS
*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%.
Note: Holes 1-3 Jan. 20, 2012, Holes 4-10 April 16, 2012, holes 11-13 June 28, 2012 holes 14-32 Jan 2013
PRIMAVERA GOLD/COPPER PROJECT CALIBREMINING.COM 14
PICTURED DRILL INTERCEPT ASSAYED
» 5.52m @ 0.59g/t Au and 0.29% Cu (Section 196.93m-202.45m of Hole PR12-008)
Trench ID Interval (m) Gold (g/t) Copper (ppm)
PRTR11-005 51.3 1.53 680
PRTR11-010 107.0 0.78 980
PRTR11-011 179.4 0.63 997
PRTR11-014 51.7 0.42 1286
» >800m by 300m gold/copper soil geochemistry anomaly (open)
with Additional gold/copper soil geochem anomalies outlined in
the 25km2 Primavera porphyry target area.
» Trenches returned long intervals of continuous gold/copper
mineralization
247.35m @
0.43 g/t Au,
0.21% Cu
PR-12-008
261.70m @
0.78 g/t Au,
0.30% Cu
PR-11-002
159.53m @
0.46 g/t Au,
0.20% Cu
PR-12-011
OPEN TO
DEPTH
DRILL HOLES PR11-002, PR12-008, PR12-011

15. SIUNA PROJECT 100% CALIBRE CALIBREMINING.COM 15
SIUNA DISTRICT – 100% Calibre (253km2)
» Past Producing La Luz Mine / 43-101 Resource at Cerro Aeropuerto / New Discovery at Montes de Oro
La Luz
Cerro Aeropuerto
Montes
De Oro
SIUNA
Cerro
La Virgen

16. /
SIUNA DISTRICT (100% CALIBRE OWNED)
SIUNA DISTRICT 100% OWNED CALIBREMINING.COM 16
Historic La Luz Mine
Open Pit
Cerro
Aeropuerto
500m
La Luz Mine
Open Pit
And Underground
Cerro
Potosi
30.2m @
2.83 g/t Au
91.5m @
2.75 g/t Au
» Exploration by Calibre has defined a series of Targets with
the same style as the 2.2Moz La Luz Mine
» The Cerro Aeropuerto gold-silver high grade inferred
resource (6.05Mt @ 3.64 g/t gold & 16.16 g/t silver for
707,000 ounces gold & 3.14 Moz
» Additional ground exploration work on going
La VIRGEN
1km x 3km
Au/Cu Anomaly
MONTES DE ORO;
400 x 650m
Au/Ag/As/Cu/Zn Anomaly

17. » New gold-copper-silver-zinc mineralization discovery at the
Montes de Oro target, north of the Cerro Aeropuerto gold-silver deposit.
» 400 m x 650 m gold-copper-lead-zinc anomaly open along the northeast.
» Trenching has only partially tested a strong coincident gold-silver-copper-lead-zinc anomaly.
» Recent exploration has significantly extended zone
more than 250 metres to the north
Trench Results
Trench From To length Au Cu Zn
ID (m) (m) (m) (g/t) (%) (%)
MTR13-009 0.0 52.3 52.3 7.07 0.06 1.23
incl 10.7 52.3 41.6 8.46 0.07 1.47
incl 10.7 36.9 26.2 12.54 0.1 2.32
MTR13-017 0.0 27.5 27.5 4.93 0.05 0.38
incl 14.0 23.0 9.0 10.15 0.06 0.29
MTR13-018 20.0 29.0 9.0 3.11 0.02 0.41
MTR13-019 4.8 21.0 16.2 4.68 0.05 0.22
MTR13-020 29.5 38.0 8.5 1.66 0.03 0.23
MTR13-022 0.0 6.0 6.0 4.73 0.03 0.07
MTR13-026 0.0 33.5 33.5 2.10 0.04 0.05
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 17
Montes de Oro (SIUNA DISTRICT – 100% Calibre)
Gold – Silver – Copper - Zinc
2013 NEW GOLD DISCOVERY
Trench MNTR13–009
with 52m grading 7.1 g/t Gold

18. MONTES DE ORO (100% Calibre) - SOIL GEOCHEM MAP / TRENCH HIGHLIGHTS
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 18
16.2m @ 4.68 g/t Au
27.5m @ 4.93 g/t Au
33.5m @ 2.10 g/t Au
52.3m @ 7.07 g/t Au
» On-going exploration includes;
Ground geophysics, and
additional trenching
» First Phase diamond drilling to
start in Q1 2015.
» Additional work to be
completed advancing Other
Targets

19. MONTES DE ORO (100% Calibre) – CURRENT EXPLORATION
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 19
» Q4 2014 ground magnetic survey completed over entire Gold in soil anomaly.
» Q1 2015 Induced Polarization Survey underway.
» additional trenching to be completed in Q1 2015.
» Drilling expected Q1 2015
Additional Exploration On-going on “Look Alike” Targets

20. ROSITA OPTION FORMER SANTA RITA
COPPER-GOLD MINE (33.56 km2)
Optioned to Alder Resources
» Optioned to Alder Resources. Spending C$4.0 million
over four years (C$3.6 to date) to earn a 65% stake
» Rosita D concession: 3,356 hectares - 5% of Calibre’s
concessions in the Mining Triangle
ROSITA PROJECT CALIBREMINING.COM 20
Bambana
Santa 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
» 2012 NI 43-101 Inferred Resource at Santa Rita of;
7.95 Mt @ 0.62% Cu, 0.46 g/t Au, and 9.2g/t Ag. with
108 M lbs copper, 118 K oz gold and 2.35 M oz of silver
» High grade copper/gold/silver zone identified at
Bambana with 5.21% Cu, 4.40 g/t Au and 144g/t Ag over
12.1 metres
2012 – New Copper/Gold/Silver Resource at Santa Rita

21. 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 IAMGOLD
NI 43-101 COPPER/GOLD/SILVER RESOURCES AT ROSITA
OPTIONED TO ALDER RESOURCES
Calibre Mining Corp. and Alder Resources Inferred Resource (using a 0.15% Copper cutoff grade)
1. Base case is reported at a 0.15% copper equivalent cut-off grade which incorporates consideration of mining
and processing cost, recoveries, commodity prices and selling cost.
2. Estimate assumes a long term copper price of US$2.90/lb, a gold price of US$1,200/oz and a silver price of
US$24/oz.
3. Rounding as required by NI 43-101 reporting guidelines may result in apparent summation differences.
4. Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy
ounces, contained copper pounds as imperial pounds.
5. Mineral resources that 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, sociopolitical,
marketing, or other relevant issues.
6. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and
there has been insufficient exploration to define these inferred mineral resources as indicated or measured
mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured
mineral resources.
CALIBRE MINING NI43-101 INFERRED RESOURCES CALIBREMINING.COM 21
Tonnes and Grade Total Ounces
Deposit 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 3,144,500 757,000
La Luna * 2,539,000 1.56 14.01 1.78 127,700 1,143,570 146,000
Riscos 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
Tonnes and Grade Total Resources
Deposit Tonnes Gold Silver Cu Gold Silver Cu
(g/t) (g/t) (%) (oz) (oz) (lbs)
Rosita Stock
Piles 7,950,000 0.46 9.2 0.62 118,000 2.35M 108M

22. Summary
» Nicaragua provides a favourable, stable, environment
for mining.
» Calibre has Multiple Chances for Success with
partnerships with Two Mid-Tier Producers as well as
100% owned Ground
» New gold-skarn discovery at Calibre’s 100% owned
Montes de Oro gold project (52.3 m grading 7.1g/t Au
MTR13-009)
» IAMGOLD and B2Gold both with Active Exploration
Program
a. IAMGOLD – Drilling on Eastern Borosi Project
b. B2Gold – Additional work at Minnesota and
Primavera.
» Calibre’s partners to spend up to $12M on exploration
over the next 3 years
INFORMATION
Ryan King
calibre@calibremining.com
(604) 628.1012
Calibre Mining Corp.
1620 – 1066 West Hastings St.
Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com
Partnered
for
Discovery

23. EXPLORATION TIME LINE & NEWS Flow
Calibre Mining Corp.
1620 – 1066 West
Hastings St.
Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com