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Advanced Gold, Copper and Silver Exploration

	
	
	

Mining Triangle, Nicaragua
TSX.V: CXB
December 2013
FORWARD LOOKING STATEMENT
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 is responsible for the accuracy
of the technical data and information.
4

CALIBREMINING.COM

CALIBRE INVESTMENT HIGHLIGHTS

Calibre’s Borosi Gold-Copper-Silver Project
Mining Triangle of Northeast Nicaragua, Central America

InvestMENT Highlights
STABLE ENVIRONMENT: PROLIFIC MINING DISTRICT

NEW DISCOVERY: 100% OWNED MONTES DE ORO GOLD PROJECT

» Stable government and mining favorable political environment


»  rench MTR13-009 - 52.3 metres grading 7.1g/t gold, MTR13-017 grading
T
27.5 metres grading 4.93 g/t gold

» Prolific “Mining Triangle” has produced over 7.9M oz’s of gold
» Calibre and its partners control over 785 km2 in this underexplored region

Team AND PARTNERS: Experienced, Successful

» Calibre Mining Proven management with decades of mining and public
company experience
» Featherstone Capital Strong history of success. Have created billions of dollars in

Shareholder Value
» B2Gold Nicaragua’s largest gold producer with two mines and a strong portfolio
of development assets
Established ProjectS: Proven PARTNERS

» Calibre 100%-owned NI 43-101 Compliant Inferred Resource totaling 1,057,750

ozs Gold and 8,430,070 ozs Silver in three Gold-Silver Deposits
» Calibre/Alder NI 43-101 Compliant Inferred Resource totaling 118,000 ozs 	
Gold, 2.35 million ozs Silver, 108 million lbs Copper
» Calibre/B2Gold primavera gold/copper porphyry with additional drilling planned

in 2014

»  trong gold-silver-copper-zinc soil anomaly extending over a 400 metre by
S
650 metre area and remains open
100% OWNED EASTERN EPITHERMAL GOLD-SILVER DISTRICT

»  argely under-explored +20km strike length on the Risco de Oro-GuopinolL
La Supressa gold-silver trend
» Limited past production from Risco’s De Oro (open pit and underground)
» Eastern Epithermal District is very similar in strike length, geology and
mineralized-style to the nearby Bonanza Gold Mine which has past production
and current reserves in excess of 4.0 million ounces gold.
B2Gold/Calibre (JV) PRIMAVERA GOLD-COPPER PROJECT

»Primavera porphyry gold/copper project: discovery drill hole (Jan 2012):
261.7m grading 0.78g/t Au, 0.30% Cu
»Joint Venture with B2Gold. B2Gold(Nicaragua’s largest gold producer)
who earned a 51% interest in 322km2 of concessions by spending $8M with an
option to go up to 70% interest by spending an additional $6M over 3 years in
project expenditures
» 25km2 porphyry gold/copper target area at Primavera

5
6

CALIBRE TEAM

EXPERIENCED Team
Calibre Mining Corp

Greg Smith, P.Geo President  CEO, Director
	

» 
25+ years exploration experience with both junior  senior operations;

	

»  nvolved in successfully outlining 10+ million ounces of gold discoveries.
I

Paulo Santos, CA Chief Financial Officer
	

» 10+ years experience with public accounting, auditing, and regulatory

compliance

CALIBREMINING.COM

PARTNERS
B2Gold

Vancouver based gold producer led by Clive Johnson and Tom Garagan,
with two gold mines in Nicaragua and a strong portfolio of development and
exploration assets in Nicaragua, Colombia, Uruguay and Namibia B2Gold was
founded in 2007 by the former executive and management team of Bema
Gold Corporation.

Edward Farrauto, CGA Director

Alder Resources

	

» 20+ years experience as CFO and director of public companies;


	

»  ounder and director of several public companies;
F

Toronto-based junior exploration company with a focus on exploration for
base and precious metals in the Americas.

George Salamis Director
	

»  0+ years exploration, development and operations experience;
2

	

» President  CEO of Edgewater Exploration Ltd.


Hon. John Reynolds, P.C. Director

SHARE STRUCTURE

» 
35+ years experience in politics, former Member of Parliament, and a
member of the Queen’s Privy Council for Canada;

Issued  Outstanding	

» Strategic Senior Advisor at McMillan LLP.


Yamana Warrants	

10,000,000

B2Gold Warrants	

10,000,000

Featherstone Capital

Fully Diluted	

222,860,918

Douglas B. Forster, M.Sc., P.Geo Executive Chairman of the Calibre Board

Fully Diluted Cash Position	

$7,067,500

Working Capital	

~$1,300,000

	
	

187,910,918

Options	14,950,000

	

»  resident  CEO of Featherstone Capital Inc.
P

	

»  0+ years of resource project development, MA, equity finance and
3
public company management;

SIGNIFICANT SHAREHOLDERS

	

» Founder and director of numerous public companies;


B2Gold Corp.	

Blayne Johnson Lead Director of Calibre Board
	

»  5 years of capital markets experience;
2

	

»  ormer VP of First Marathon Securities
F

	

» Chairman of Featherstone Capital Inc.


10.6%

Management	10.0%

7
8

CALIBREMINING.COM

WORKING IN NICARAGUA

BOROSI CONCESSION AREA

HONDURAS

Nicaragua: Stable, Under Explored
EL SALVADOR
Mining Environment

Borosi
Concessions
Bonanza
(Gold Mine)
Siuna

»  emocratic Republic with President Ortega elected to a
D
new 5 year term in Nov. 2011
»  old is Nicaragua’s No. 3 export
G
»  old has helped Nicaragua’s economy grow by 4%
G
annually in the past year, the highest rate in Central
America
»  nnual gold production has more than doubled in the
A
past 3 years
»  upportive mining laws, including favourable tax
S
regime
»  5 year exploration and 50 year exploitation permits
2
»  conomist Intelligence Unit ranks Nicaragua as one of
E
the safest countries in Central America

Puerto Cabezas
(Airport)
Riscos de Oro

Rosita and
Primavera

NICARAGUA
El Limon (Gold Mine)
B2GOLD CORP.

Pacific Ocean

Managua

La Libertad (Gold Mine)
B2GOLD CORP.

Caribbean
Sea
Lake
Nicaragua

COSTA RICA

0

20

40

80

120

160km

9
CALIBREMINING.COM 11

BOROSI CONCESSIONS AREA

BOROSI GOLD, SILVER AND COPPER
CONCESSIONS – “Mining triangle”

100% CALIBRE
1	
	
	
	
	

CERRO AEROPUERTO
Gold-Silver
NI43-101 Inferred Resource
707,750 oz Au
3.14M oz Ag

2	 MONTES DE ORO
	
New Discovery	
	Gold-Copper-Silver

5k

m

Borosi Concessions

27

10

Cerro Cola Blanca
Forest Reserve

NICARAGUA

Managua

Riscos de Oro

Bonanza

3

Bonanza (Gold Mine)

4

Blag

Guapinol

2.8M OZS PAST PRODUCTION

7

5

Minnesota
La Luna
Rosita

8
Santa Rita
Cerro Banacruz
Forest Reserve

6

3	
	
	
	
	

RISCOS DE ORO
Gold-Silver
NI43-101 Inferred Resource	
222,300 oz Au	
4.14M oz Ag

4	GUAPINOL
	
Gold-Silver
	
Historical Drilling
5	
	
	
	
	

LA LUNA
Gold-Silver
NI43-101 INFERRED RESOURCE 	
127,700 oz Au 	
1.74 M oz AG

CALIBRE/B2Gold

6	 PRIMAVERA
	
7	
	

Primavera

2

Gold-Copper
MINNESOTA
Gold-Copper

Prospects

Montes de Oro
La Virgen

1

LA LUZ (Gold Mine)

8	 ROSITA
	 Copper-Gold-Silver	

Calibre-B2Gold Option Area

Siuna

2.7M OZS PAST PRODUCTION

CALIBRE/ALDER RESOURCES

Calibre-Alder Option Area

Cerro
Aeropuerto

100% Calibre

0

5

10

15

20km

	
	
	
	

NI43-101 Inferred Resource
108M lbs Cu
118,000 oz Au	
2.35M oz Ag
12

CALIBREMINING.COM 13

SIUNA PROJECT
Borosi Concessions

Siuna District
100% CALIBRE OWNED

0km

20

» 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 silver is located 500-1000 m along strike from the past
producing La Luz Mine. (~2.5M ounces gold)

» New gold-copper porphyry and skarn-style mineralization
discovery at La Virgen and Montes de Oro targets, north of the Cerro
Aeropuerto gold-silver deposit.
» La Virgen target hosts a broad 500 m x 1000 m gold-copper stream
sediment and soil anomaly
» Several placer gold workings
» Montes de Oro located approximately 4km north of La Virgen has
outlined a 400 m x 650 m gold-copper-lead-zinc anomaly.
» Additional ground exploration work on going

HIGHLIGHT TRENCH RESULTS 2013 - MONTES DE ORO
Trench ID	

Interval (m)	

Gold (g/t)	

Copper (%)

MTR13-009	52.3	 7.07	
including	26.9	 12.54	
MTR13-017	27.5	 4.93	
MTR13-026	33.5	 2.1	

0.06
0.10
0.05
0.04

TRENCH/PIT RESULTS 2013 - La VIRGEN
Trench ID	

Interval (m)	

Gold (g/t)	

Copper (%)

VTR 12-001	
45.0	
0.40	
0.12
including	9.00	 1.39	 0.19
VTR 12-021	
10.20	
0.70	
0.11
PIT 11	
2.00	
27.18

40
14

MONTES DE ORO GOLD PROJECT

CALIBREMINING.COM 15
Borosi Concessions

100% Montes De Oro
Gold-Silver-Copper-Zinc

0km

20

40

» New gold-copper-silver-zinc mineralization discovery at the Montes de Oro target, north of the Cerro Aeropuerto gold-silver deposit.
» Outlined in trench MTR13-009 52.3 m grading 7.1g/t gold
» Montes de Oro has outlined a 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.
» Additional exploration work underway on this new discovery

Montes de oro GolD-In-Soil Map

Montes de oro TRENCHES
Trench Results
Trench ID

From (m)

To (m)

Interval (m) Au (g/t)

MTR13-009

0.0

52.3

52.3

incl

10.7

52.3

41.6

8.46

0.07

1.47

incl

10.7

36.9

26.2

12.54

0.10

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

7.07

Cu (%)
0.06

Zn (%)
1.23

Recent Trench Results
Trench ID
MTR13-018

From (m)

Cont.
To (m) Interval (m) Au (g/t)

Cu (%)

Zn (%)

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

2.1

0.04

0.05
16

MONTES DE ORO GOLD PROJECT

CALIBREMINING.COM 17

Montes de oro SOIL GEOCHEM Map

New Zone
Trenching underway

MTR13-009
52.3m @ 7.07 g/t Au

MTR13-026
33.5m @ 2.1 g/t Au

MTR13-017
27.5m @ 4.92 g/t Au
18

EASTERN EPITHERMAL DISTRICT

CALIBREMINING.COM 19

CALIBRE’S 100% OWNED EASTERN EPITHERMAL GOLD DISTRICT DISTRICT
Borosi Concessions

0km

20

40
RISCOS DE ORO PROJECT

20

CALIBREMINING.COM 21
Borosi Concessions

RISCOS DE ORO PROJECT
DISTRICT POTENTIAL
0km

100% CALIBRE OWNED

20

40

Murcielago Trench

»  ow Sulfidation Epithermal Gold-Silver Vein District
L
»  omparable to nearby Bonanza Camp in geology, mineralization, and
C
structure (past production of +2.8 million ozs Au)
»  old – Silver System extends over 7 km from the El Paraiso and Murcielago
G
targets Northeast towards Riscos de Oro
»  ompleted 9,427m of resource delineation drilling at Riscos in 37 holes
C
with epithermal gold-silver intercepts including 7.69 g/t Au,
211.80 g/t Ag over 10.6m
»  istoric trenching at Murcielago adit 7.0 Km SW of Riscos returned
H
12.4 g/t Au over 3.0 metres

NI 43-101 GOLD/SILVER RESOURCE AT RISCOS
DE ORO
100% CALIBRE OWNED

Calibre Mining Corp. Inferred Resource (using a 0.6 g/t AuEq cutoff grade)
	

Tonnes and Grade	

Zone		
		
Upper	

Tonnes	
(g/t)	

Grade	 Grade	
Grade 	 Contained Au	 Contained Ag	 Contained	
(Au g/t)	 (Aq g/t)	 (AuEq g/t)	 (ounces)	
(ounces)	 (ounces AuEq)

1,539,000	2.45	 64.42	 3.46	

Lower	
Total		

Total Ounces

121,200	 3,188,000	

620,000	5.07	47.87	 5.82	 101,000	 954,000	
2,159,000	

3.20	

59.67	

4.14	

222,300	

4,142,000	

287,100	

1. CIM definition standards were followed for the resource estimate.
2. The 2012 resource models used Inverse Distance grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
3. A base cutoff grade of 0.6 g/t AuEq was used for reporting resources with capping of silver grades at 591 g/t.
4. A density of 2.65 g/cm3 was applied.
5. Numbers may not add exactly due to rounding.
6. Gold Equivalent (AuEq) calculated using $1264 /oz Au for gold and $19.78/oz Ag for silver and metallurgical recoveries and net smelter returns are assumed to be 100%.
7. Mineral Resources that are not mineral reserves do not have economic viability
8. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an	
indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

Risco De Oro
22

GUAPINOL GOLD PROJECT

Guapinol TREND

CALIBREMINING.COM 23
Borosi Concessions

»  ocated in the North-eastern portion of the Borosi Concessions where the
L
Riscos de Oro and La Luna gold-silver deposits are located

100% CALIBRE OWNED
0km

20

40

»  omparable geology, mineralization and structure to nearby producing
C
Bonanza camp (past production of ~2.8Moz gold)
»  onsists of a series of anomalous zones, past producing pits, shallow shafts
C
and existing small scale mining areas over eight kilometres
»  xploration at Guapinol has included; mapping, geophysics, geochemistry,
E
trenching and drilling which has identified excellent near surface targets
three kilometres long and averaging 500 metres wide.
»  rab samples from Guapinol consist of 13.1 g/t gold, 18.8 g/t gold while at
G
the California target approximately three kilometres along strike samples
have returned 3.2g/t gold, 21.9 g/t gold and 9.5g/t gold; finally La Sorpresa
located 8.5 kilometres along strike returned grab samples of 14.2 g/t gold,
17.01 g/t gold and 74.0 g/t silver.

10km strike
8km strike
3km strike

»  aps above show detailed Guapinol soil sample targets identified, showing
M
highly anomalous gold-silver anomalies to be followed up on. These
comparied to the previously mined open pit and underground Risco’s de
Oro
24

CALIBREMINING.COM 25

PRIMAVERA PROJECT

PRIMAVERA GOLD/COPPER PROJECT

PRIMAVERA GOLD/COPPER PROJECT DRILL HOLES
PR11-002, PR12-008, PR12-011

PROJECT HIGHLIGHTS

» Road accessible with national power grid located 1.2 km from the project, 8km

from town of Rosita
» Subdued topography with main land use being subsistence farming and

ranching
» Joint Venture with B2Gold: B2Gold have earned a 51% interest in Primavera,

as well as 322 sq km of surrounding concessions, by spending $8M. B2Gold
and Calibre Mining have entered into an agreement granting B2Gold an
option to acquire a further 19% interest into the 322 sq km concessions
including Primavera by spending an additional $6.0 million in project
expenditures over 3 years.

PR-11-002

261.70m grading
0.78 g/t Au, 0.30% Cu

PR-12-011

159.53m grading
0.46 g/t Au, 0.20% Cu

PR-12-008
247.35m grading
0.43 g/t Au, 0.21% Cu

» Updated Airborne geophysical survey completed over a large 5km by 5km

interpreted intrusive/volcanic complex. Additional ground surveys underway
» 32 drill holes completed totaling 13,414m

» Extensive exploration program underway additional drilling in 2013
» Primavera is geologically similar to Newcrest Mining Limited’s Cadia
Ridgeway porphyry gold/copper mine in NSW, Australia where underground
and open pit reserves contain 23.6M oz Au and 8.3B lbs Cu*

Au (g/t)

Cu (%)

PR12-008 INTERCEPTED:

» 172.35m grading 0.48 g/t Au,
0.24% Cu

*Newcrest Mining Limited website

PICTURED DRILL INTERCEPT ASSAYED

» 5.52m @ 0.59g/t Au and 0.29% Cu

(Section 196.93m-202.45m of Hole PR12-008)
26

CALIBREMINING.COM 27

PRIMAVERA PROJECT

PRIMAVERA GOLD/COPPER PROJECT
SOIL GEOCHEMISTRY

Borosi Concessions

AIRBORNE RADIOMETRIC SURVEY

GOLD IN SOIL GEOCHEMISTRY

0km

2 Km

0

COPPER IN SOIL GEOCHEMISTRY

20

HIGHLIGHTS
»  ver 800 m by 300 m gold/copper soil geochemistry anomaly (open)
O
»  dditional gold/copper soil geochem anomalies have been outlined in the
A
25km2 Primavera porphyry target area
»  renches returned long intervals of continuous gold/copper
T
mineralization including 179.4m grading 0.63g/t Au and 997 ppm Cu

TRENCH RESULTS
Trench ID	

Interval (m)	

Gold (g/t)	

Copper (ppm)

PRTR11-005	 51.25	1.53	

680

PRTR11-010	 107.00	0.78	

980

PRTR11-011	 179.40	0.63	

997

PRTR11-012	 58.00	0.70	 1313
PRTR11-013	 49.50	0.25	 1100
PRTR11-014	 51.70	0.42	 1286

40
28

CALIBREMINING.COM 29

PRIMAVERA PROJECT

PRIMAVERA GOLD/COPPER PROJECT RESULTS

PRIMAVERA DRILL PLAN

Borosi Concessions

»  e higher grade Gold/copper porphyry mineralization has been intersected in drill
Th
holes over a 300m by 300m area and to a depth of 300m with mineralization comprised
of quartz-magnetite-chalcopyrite-bornite veins and vein stockwork within broad zones
of potassically and propylitically-altered intermediate volcanic and intrusive rocks
»  rimavera is geologically similar to Newcrest Mining Limited’s Cadia-Ridgeway gold/
P
copper mine (23.6M oz Au and 8.3B lbs Cu)

PRIMAVERA SELECT DRILL RESULT HIGHLIGHTS*
Drill Hole	
		
PR-11-001	

From	
(m)	

To		
Length	
(m)	
(m)	

Gold	
Copper	
AuEq**
(g/t)	 (ppm)	 (g/t)

0.00	 276.80	276.80	 0.50	 2,146	 0.84

	includes	 0.00	

103.00	 103.00	

0.85	

PR-11-002	

1.5	

263.20	261.70	 0.78	 2,966	 1.25

	includes	

1.5	

209.00	 207.50	

0.89	

3,240	

1.36

3,378	

1.42

	includes	 74.50	

209.00	 134.50	

1.01	

3,561	

1.57

PR -11-003	

327.20	

0.41	

1,843	

0.70

0.65	

2,742	

1.08

4.00	

	includes	 4.00	

323.20	

150.50	 146.50	

PR-12-005	 207.50	 372.50	165.00	 0.31	 1,713	 0.58
PR-12-006	 12.00	102.00	
90.00	0.21	1,315	 0.42
PR-12-007	

7.70	 255.00	247.30	 0.22	 1,097	 0.39

	
includes	
156.00	
197.00	
41.00	0.34	1,760	 0.62
PR-12-008	 107.65	 280.00	172.35	 0.48	 2,401	 0.86
	
includes	
131.50	
187.00	
55.50	0.67	3,507	 1.22
PR-12-10	

79.00	 94.40	15.40	0.59	4,325	 1.27

PR-12-11	

6.95	 166.48	159.53	 0.46	 2,008	 0.78

	
Includes	
6.95	 95.65	88.70	0.53	2,225	 0.88
PR-12-013	

24	

46.5	 22.5	 0.44	2,090	 0.77

PR-12-012	

6	

103	 97	 0.34	1,646	 0.60

PR-12-016	

0.00	 201.35	201.35	 0.77	 3,567	 1.34

	
includes	
27.75	 85.6	 57.85	1.08	4,915	 1.86
PR-12-023	

0.00	 455.80	455.80	 0.20	 1,138	 0.39

PR-12-024	 655.60	656.70	 1.10	 18.28	 252	 18.33
	includes	 673.00	

674.50	

1.50	

11.95	

2,373	

12.33

*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 and 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

0km

20

40
30

CALIBREMINING.COM 31

MINNESOTA PROJECT

Borosi Concessions

MINNESOTA PORPHYRY Gold/copper PROJECT
GOLD IN SOIL GEOCHEMISTRY

HIGHLIGHTS

0km

20

» located 20 kilometres northwest of the Primavera gold-copper project
» successfully outlined porphyry-style mineralization delineated over 1.75km
by 1.25km
»5
  00m by 250m gold and copper soil anomaly
»  39.5 metres of face sampling of artisanal workings
3
»  etailed geological mapping over 15 square kilometres and reconnaissance
d
geologic mapping over 52 square kilometres

COPPER IN SOIL GEOCHEMISTRY
Channel RESULTS
Trench ID		
MNTR13-001		
MNTR13-002		

Interval (m)	

Gold (g/t)

7.50	
9.20	

3.93
4.17

TRENCH RESULTS
Trench ID		

Interval (m)	

Gold (g/t)

BRTR11-044		 6.40	
BRTR11-047		 8.00	
BRTR11-053		 4.65	
BRTR11-054		 6.00	
BRTR11-057		 12.80	

5.56
6.35
1.51
2.12
1.27

40
NI 43-101 MINERAL RESOURCE ESTIMATES

32

CALIBREMINING.COM 33

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)
	

Tonnes and Grade	

Total Ounces

Deposit	
Tonnes	
			

Gold	
Silver	
Au Eq1	
(g/t)	(g/t)	 (g/t)	

Gold	
(oz)	

Silver	
(oz)	

Au Eq1
(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

Risco		

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
1. * or Cerro Aeropuerto  La Luna Gold Equivalent (Au Eq) calculated using gold price of US$1,058/oz and silver price
F
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%

Borosi Concessions

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.

NI 43-101 COPPER/GOLD/SILVER RESOURCES AT
ROSITA
Joint Venture with AlDer Resources
Calibre Mining Corp. and Alder Resources Inferred Resource (using a 0.15% Copper cutoff grade)
	

Tonnes and Grade	

Total Resources

Deposit	
Tonnes	 Gold	Silver	 Cu	
			
(g/t)	(g/t)	 (%)	
Rosita Stock Piles	

7,950,000	

0.46	

9.20	

0.62	

Gold	
(oz)	
118,000	

Silver	
(oz)	

Cu
(lbs)

2.35M	

108M

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.

0km

20

40
34

CALIBREMINING.COM 35

CALIBRE/ALDER OPTION

FORMER SANTA RITA
COPPER-GOLD MINE
CALIBRE/ALDER OPTION

Borosi Concessions

0km

20

40

»  ptioned to Alder Resources; Alder to spend C$4.0 million over the
O
next four years to earn a 65% stake in Calibre’s Rosita D Concession
»  osita D concession: 3,356 hectares - only 5% of Calibre’s concessions
R
in the Mining Triangle
»  istoric open pit Santa Rita copper-gold mine: total historic
H
production from skarn mineralization estimated at 305 M lbs of Cu,
177,737 ozs of Au, and 2,629,720 ozs of Ag from 5,924,572 tons of ore
(Arengi, 2002)
»  n May 9, 2012 Alder Resources Announced a NI 43-101 Inferred
O
Resource estimate of 7.95 Mt averaging 0.62% Cu, 0.46 g/t Au, and
9.2g/t Ag. Containing 108 M lbs copper, 118,500 oz gold and 2.35 M
oz of silver
»  hase One exploration commenced, including 8,000 metres of
P
diamond drilling. Results to date include: 8.0m grading 29.54 g/t Au
and 8.0m grading 6.9 g/t Au (Alder news Release Sept 5, 2012)

»  igh grade copper/gold/silver zone identified 5.21% Cu, 4.40 g/t Au
H
and 144g/t Ag over 12.1 metres with additional work ongoing
37

36

Summary
»  icaragua provides a favorable, stable, environment
N
for mining.
»  alibre’s 100% owned gold-silver deposits host
C
inferred resources of 1,057,750 oz Au and 8,430,070
oz Ag (1,190,000 oz AuEq)
»  ew gold-skarn discovery at 100% owned Montes de
N
Oro (52.3 m grading 7.1g/t Au MTR13-009)
»C
  alibre Mining, Featherstone Capital, B2Gold, and
Alder Resources are an established, experienced team
who control over 785 km2 of underexplored territory
in an area that has already produced more than 7.9M
oz’s of gold.
»  ew porphyry gold-copper discovery at Primavera
N
with district potential.
»B
  2Gold have earned a 51% Interest in the Primavera
Gold-Copper discovery as well as 322 sq km of
surrounding concessions, by spending $8M. B2Gold
and Calibre Mining have entered into an agreement
granting B2Gold an option to acquire a further 19%
interest into the concessions including Primavera by
spending an additional $6M over 3 years.

EXPLORATION TIME LINE  NEWS Flow
Q3/13

Q4/13

Exploration for Porphyry
Gold/Copper Systems

Q2/14

Calibre/B2Gold JV
100% Calibre owned concessions

Trenching at Montes de Oro

Q1/14

100% Calibre owned concessions

Target Delineation
Drilling at Primavera

B2Gold/Calibre JV

Data Review

Riscos de Oro / Cerro Aeropuerto / La Luna / 100% Calibre
Rosita Cu/Au project (Alder)

RESULTS

Trenching results Montes de Oro, B2Gold and Alder resources exploration
results Q3, Q4, Q1, Q2

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
Calibre Mining Corp.
1620 – 1066 West Hastings St.
Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com

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Corporate Presentation

  • 1. Advanced Gold, Copper and Silver Exploration Mining Triangle, Nicaragua TSX.V: CXB December 2013
  • 2. FORWARD LOOKING STATEMENT 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 is responsible for the accuracy of the technical data and information.
  • 3. 4 CALIBREMINING.COM CALIBRE INVESTMENT HIGHLIGHTS Calibre’s Borosi Gold-Copper-Silver Project Mining Triangle of Northeast Nicaragua, Central America InvestMENT Highlights STABLE ENVIRONMENT: PROLIFIC MINING DISTRICT NEW DISCOVERY: 100% OWNED MONTES DE ORO GOLD PROJECT » Stable government and mining favorable political environment » rench MTR13-009 - 52.3 metres grading 7.1g/t gold, MTR13-017 grading T 27.5 metres grading 4.93 g/t gold » Prolific “Mining Triangle” has produced over 7.9M oz’s of gold » Calibre and its partners control over 785 km2 in this underexplored region Team AND PARTNERS: Experienced, Successful » Calibre Mining Proven management with decades of mining and public company experience » Featherstone Capital Strong history of success. Have created billions of dollars in Shareholder Value » B2Gold Nicaragua’s largest gold producer with two mines and a strong portfolio of development assets Established ProjectS: Proven PARTNERS » Calibre 100%-owned NI 43-101 Compliant Inferred Resource totaling 1,057,750 ozs Gold and 8,430,070 ozs Silver in three Gold-Silver Deposits » Calibre/Alder NI 43-101 Compliant Inferred Resource totaling 118,000 ozs Gold, 2.35 million ozs Silver, 108 million lbs Copper » Calibre/B2Gold primavera gold/copper porphyry with additional drilling planned in 2014 » trong gold-silver-copper-zinc soil anomaly extending over a 400 metre by S 650 metre area and remains open 100% OWNED EASTERN EPITHERMAL GOLD-SILVER DISTRICT » argely under-explored +20km strike length on the Risco de Oro-GuopinolL La Supressa gold-silver trend » Limited past production from Risco’s De Oro (open pit and underground) » Eastern Epithermal District is very similar in strike length, geology and mineralized-style to the nearby Bonanza Gold Mine which has past production and current reserves in excess of 4.0 million ounces gold. B2Gold/Calibre (JV) PRIMAVERA GOLD-COPPER PROJECT »Primavera porphyry gold/copper project: discovery drill hole (Jan 2012): 261.7m grading 0.78g/t Au, 0.30% Cu »Joint Venture with B2Gold. B2Gold(Nicaragua’s largest gold producer) who earned a 51% interest in 322km2 of concessions by spending $8M with an option to go up to 70% interest by spending an additional $6M over 3 years in project expenditures » 25km2 porphyry gold/copper target area at Primavera 5
  • 4. 6 CALIBRE TEAM EXPERIENCED Team Calibre Mining Corp Greg Smith, P.Geo President CEO, Director » 25+ years exploration experience with both junior senior operations; » nvolved in successfully outlining 10+ million ounces of gold discoveries. I Paulo Santos, CA Chief Financial Officer » 10+ years experience with public accounting, auditing, and regulatory compliance CALIBREMINING.COM PARTNERS B2Gold Vancouver based gold producer led by Clive Johnson and Tom Garagan, with two gold mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia, Uruguay and Namibia B2Gold was founded in 2007 by the former executive and management team of Bema Gold Corporation. Edward Farrauto, CGA Director Alder Resources » 20+ years experience as CFO and director of public companies; » ounder and director of several public companies; F Toronto-based junior exploration company with a focus on exploration for base and precious metals in the Americas. George Salamis Director » 0+ years exploration, development and operations experience; 2 » President CEO of Edgewater Exploration Ltd. Hon. John Reynolds, P.C. Director SHARE STRUCTURE » 35+ years experience in politics, former Member of Parliament, and a member of the Queen’s Privy Council for Canada; Issued Outstanding » Strategic Senior Advisor at McMillan LLP. Yamana Warrants 10,000,000 B2Gold Warrants 10,000,000 Featherstone Capital Fully Diluted 222,860,918 Douglas B. Forster, M.Sc., P.Geo Executive Chairman of the Calibre Board Fully Diluted Cash Position $7,067,500 Working Capital ~$1,300,000 187,910,918 Options 14,950,000 » resident CEO of Featherstone Capital Inc. P » 0+ years of resource project development, MA, equity finance and 3 public company management; SIGNIFICANT SHAREHOLDERS » Founder and director of numerous public companies; B2Gold Corp. Blayne Johnson Lead Director of Calibre Board » 5 years of capital markets experience; 2 » ormer VP of First Marathon Securities F » Chairman of Featherstone Capital Inc. 10.6% Management 10.0% 7
  • 5. 8 CALIBREMINING.COM WORKING IN NICARAGUA BOROSI CONCESSION AREA HONDURAS Nicaragua: Stable, Under Explored EL SALVADOR Mining Environment Borosi Concessions Bonanza (Gold Mine) Siuna » emocratic Republic with President Ortega elected to a D new 5 year term in Nov. 2011 » old is Nicaragua’s No. 3 export G » old has helped Nicaragua’s economy grow by 4% G annually in the past year, the highest rate in Central America » nnual gold production has more than doubled in the A past 3 years » upportive mining laws, including favourable tax S regime » 5 year exploration and 50 year exploitation permits 2 » conomist Intelligence Unit ranks Nicaragua as one of E the safest countries in Central America Puerto Cabezas (Airport) Riscos de Oro Rosita and Primavera NICARAGUA El Limon (Gold Mine) B2GOLD CORP. Pacific Ocean Managua La Libertad (Gold Mine) B2GOLD CORP. Caribbean Sea Lake Nicaragua COSTA RICA 0 20 40 80 120 160km 9
  • 6. CALIBREMINING.COM 11 BOROSI CONCESSIONS AREA BOROSI GOLD, SILVER AND COPPER CONCESSIONS – “Mining triangle” 100% CALIBRE 1 CERRO AEROPUERTO Gold-Silver NI43-101 Inferred Resource 707,750 oz Au 3.14M oz Ag 2 MONTES DE ORO New Discovery Gold-Copper-Silver 5k m Borosi Concessions 27 10 Cerro Cola Blanca Forest Reserve NICARAGUA Managua Riscos de Oro Bonanza 3 Bonanza (Gold Mine) 4 Blag Guapinol 2.8M OZS PAST PRODUCTION 7 5 Minnesota La Luna Rosita 8 Santa Rita Cerro Banacruz Forest Reserve 6 3 RISCOS DE ORO Gold-Silver NI43-101 Inferred Resource 222,300 oz Au 4.14M oz Ag 4 GUAPINOL Gold-Silver Historical Drilling 5 LA LUNA Gold-Silver NI43-101 INFERRED RESOURCE 127,700 oz Au 1.74 M oz AG CALIBRE/B2Gold 6 PRIMAVERA 7 Primavera 2 Gold-Copper MINNESOTA Gold-Copper Prospects Montes de Oro La Virgen 1 LA LUZ (Gold Mine) 8 ROSITA Copper-Gold-Silver Calibre-B2Gold Option Area Siuna 2.7M OZS PAST PRODUCTION CALIBRE/ALDER RESOURCES Calibre-Alder Option Area Cerro Aeropuerto 100% Calibre 0 5 10 15 20km NI43-101 Inferred Resource 108M lbs Cu 118,000 oz Au 2.35M oz Ag
  • 7. 12 CALIBREMINING.COM 13 SIUNA PROJECT Borosi Concessions Siuna District 100% CALIBRE OWNED 0km 20 » 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 silver is located 500-1000 m along strike from the past producing La Luz Mine. (~2.5M ounces gold) » New gold-copper porphyry and skarn-style mineralization discovery at La Virgen and Montes de Oro targets, north of the Cerro Aeropuerto gold-silver deposit. » La Virgen target hosts a broad 500 m x 1000 m gold-copper stream sediment and soil anomaly » Several placer gold workings » Montes de Oro located approximately 4km north of La Virgen has outlined a 400 m x 650 m gold-copper-lead-zinc anomaly. » Additional ground exploration work on going HIGHLIGHT TRENCH RESULTS 2013 - MONTES DE ORO Trench ID Interval (m) Gold (g/t) Copper (%) MTR13-009 52.3 7.07 including 26.9 12.54 MTR13-017 27.5 4.93 MTR13-026 33.5 2.1 0.06 0.10 0.05 0.04 TRENCH/PIT RESULTS 2013 - La VIRGEN Trench ID Interval (m) Gold (g/t) Copper (%) VTR 12-001 45.0 0.40 0.12 including 9.00 1.39 0.19 VTR 12-021 10.20 0.70 0.11 PIT 11 2.00 27.18 40
  • 8. 14 MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 15 Borosi Concessions 100% Montes De Oro Gold-Silver-Copper-Zinc 0km 20 40 » New gold-copper-silver-zinc mineralization discovery at the Montes de Oro target, north of the Cerro Aeropuerto gold-silver deposit. » Outlined in trench MTR13-009 52.3 m grading 7.1g/t gold » Montes de Oro has outlined a 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. » Additional exploration work underway on this new discovery Montes de oro GolD-In-Soil Map Montes de oro TRENCHES Trench Results Trench ID From (m) To (m) Interval (m) Au (g/t) MTR13-009 0.0 52.3 52.3 incl 10.7 52.3 41.6 8.46 0.07 1.47 incl 10.7 36.9 26.2 12.54 0.10 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 7.07 Cu (%) 0.06 Zn (%) 1.23 Recent Trench Results Trench ID MTR13-018 From (m) Cont. To (m) Interval (m) Au (g/t) Cu (%) Zn (%) 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 2.1 0.04 0.05
  • 9. 16 MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 17 Montes de oro SOIL GEOCHEM Map New Zone Trenching underway MTR13-009 52.3m @ 7.07 g/t Au MTR13-026 33.5m @ 2.1 g/t Au MTR13-017 27.5m @ 4.92 g/t Au
  • 10. 18 EASTERN EPITHERMAL DISTRICT CALIBREMINING.COM 19 CALIBRE’S 100% OWNED EASTERN EPITHERMAL GOLD DISTRICT DISTRICT Borosi Concessions 0km 20 40
  • 11. RISCOS DE ORO PROJECT 20 CALIBREMINING.COM 21 Borosi Concessions RISCOS DE ORO PROJECT DISTRICT POTENTIAL 0km 100% CALIBRE OWNED 20 40 Murcielago Trench » ow Sulfidation Epithermal Gold-Silver Vein District L » omparable to nearby Bonanza Camp in geology, mineralization, and C structure (past production of +2.8 million ozs Au) » old – Silver System extends over 7 km from the El Paraiso and Murcielago G targets Northeast towards Riscos de Oro » ompleted 9,427m of resource delineation drilling at Riscos in 37 holes C with epithermal gold-silver intercepts including 7.69 g/t Au, 211.80 g/t Ag over 10.6m » istoric trenching at Murcielago adit 7.0 Km SW of Riscos returned H 12.4 g/t Au over 3.0 metres NI 43-101 GOLD/SILVER RESOURCE AT RISCOS DE ORO 100% CALIBRE OWNED Calibre Mining Corp. Inferred Resource (using a 0.6 g/t AuEq cutoff grade) Tonnes and Grade Zone Upper Tonnes (g/t) Grade Grade Grade Contained Au Contained Ag Contained (Au g/t) (Aq g/t) (AuEq g/t) (ounces) (ounces) (ounces AuEq) 1,539,000 2.45 64.42 3.46 Lower Total Total Ounces 121,200 3,188,000 620,000 5.07 47.87 5.82 101,000 954,000 2,159,000 3.20 59.67 4.14 222,300 4,142,000 287,100 1. CIM definition standards were followed for the resource estimate. 2. The 2012 resource models used Inverse Distance grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids. 3. A base cutoff grade of 0.6 g/t AuEq was used for reporting resources with capping of silver grades at 591 g/t. 4. A density of 2.65 g/cm3 was applied. 5. Numbers may not add exactly due to rounding. 6. Gold Equivalent (AuEq) calculated using $1264 /oz Au for gold and $19.78/oz Ag for silver and metallurgical recoveries and net smelter returns are assumed to be 100%. 7. Mineral Resources that are not mineral reserves do not have economic viability 8. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. Risco De Oro
  • 12. 22 GUAPINOL GOLD PROJECT Guapinol TREND CALIBREMINING.COM 23 Borosi Concessions » ocated in the North-eastern portion of the Borosi Concessions where the L Riscos de Oro and La Luna gold-silver deposits are located 100% CALIBRE OWNED 0km 20 40 » omparable geology, mineralization and structure to nearby producing C Bonanza camp (past production of ~2.8Moz gold) » onsists of a series of anomalous zones, past producing pits, shallow shafts C and existing small scale mining areas over eight kilometres » xploration at Guapinol has included; mapping, geophysics, geochemistry, E trenching and drilling which has identified excellent near surface targets three kilometres long and averaging 500 metres wide. » rab samples from Guapinol consist of 13.1 g/t gold, 18.8 g/t gold while at G the California target approximately three kilometres along strike samples have returned 3.2g/t gold, 21.9 g/t gold and 9.5g/t gold; finally La Sorpresa located 8.5 kilometres along strike returned grab samples of 14.2 g/t gold, 17.01 g/t gold and 74.0 g/t silver. 10km strike 8km strike 3km strike » aps above show detailed Guapinol soil sample targets identified, showing M highly anomalous gold-silver anomalies to be followed up on. These comparied to the previously mined open pit and underground Risco’s de Oro
  • 13. 24 CALIBREMINING.COM 25 PRIMAVERA PROJECT PRIMAVERA GOLD/COPPER PROJECT PRIMAVERA GOLD/COPPER PROJECT DRILL HOLES PR11-002, PR12-008, PR12-011 PROJECT HIGHLIGHTS » Road accessible with national power grid located 1.2 km from the project, 8km from town of Rosita » Subdued topography with main land use being subsistence farming and ranching » Joint Venture with B2Gold: B2Gold have earned a 51% interest in Primavera, as well as 322 sq km of surrounding concessions, by spending $8M. B2Gold and Calibre Mining have entered into an agreement granting B2Gold an option to acquire a further 19% interest into the 322 sq km concessions including Primavera by spending an additional $6.0 million in project expenditures over 3 years. PR-11-002 261.70m grading 0.78 g/t Au, 0.30% Cu PR-12-011 159.53m grading 0.46 g/t Au, 0.20% Cu PR-12-008 247.35m grading 0.43 g/t Au, 0.21% Cu » Updated Airborne geophysical survey completed over a large 5km by 5km interpreted intrusive/volcanic complex. Additional ground surveys underway » 32 drill holes completed totaling 13,414m » Extensive exploration program underway additional drilling in 2013 » Primavera is geologically similar to Newcrest Mining Limited’s Cadia Ridgeway porphyry gold/copper mine in NSW, Australia where underground and open pit reserves contain 23.6M oz Au and 8.3B lbs Cu* Au (g/t) Cu (%) PR12-008 INTERCEPTED: » 172.35m grading 0.48 g/t Au, 0.24% Cu *Newcrest Mining Limited website PICTURED DRILL INTERCEPT ASSAYED » 5.52m @ 0.59g/t Au and 0.29% Cu (Section 196.93m-202.45m of Hole PR12-008)
  • 14. 26 CALIBREMINING.COM 27 PRIMAVERA PROJECT PRIMAVERA GOLD/COPPER PROJECT SOIL GEOCHEMISTRY Borosi Concessions AIRBORNE RADIOMETRIC SURVEY GOLD IN SOIL GEOCHEMISTRY 0km 2 Km 0 COPPER IN SOIL GEOCHEMISTRY 20 HIGHLIGHTS » ver 800 m by 300 m gold/copper soil geochemistry anomaly (open) O » dditional gold/copper soil geochem anomalies have been outlined in the A 25km2 Primavera porphyry target area » renches returned long intervals of continuous gold/copper T mineralization including 179.4m grading 0.63g/t Au and 997 ppm Cu TRENCH RESULTS Trench ID Interval (m) Gold (g/t) Copper (ppm) PRTR11-005 51.25 1.53 680 PRTR11-010 107.00 0.78 980 PRTR11-011 179.40 0.63 997 PRTR11-012 58.00 0.70 1313 PRTR11-013 49.50 0.25 1100 PRTR11-014 51.70 0.42 1286 40
  • 15. 28 CALIBREMINING.COM 29 PRIMAVERA PROJECT PRIMAVERA GOLD/COPPER PROJECT RESULTS PRIMAVERA DRILL PLAN Borosi Concessions » e higher grade Gold/copper porphyry mineralization has been intersected in drill Th holes over a 300m by 300m area and to a depth of 300m with mineralization comprised of quartz-magnetite-chalcopyrite-bornite veins and vein stockwork within broad zones of potassically and propylitically-altered intermediate volcanic and intrusive rocks » rimavera is geologically similar to Newcrest Mining Limited’s Cadia-Ridgeway gold/ P copper mine (23.6M oz Au and 8.3B lbs Cu) PRIMAVERA SELECT DRILL RESULT HIGHLIGHTS* Drill Hole PR-11-001 From (m) To Length (m) (m) Gold Copper AuEq** (g/t) (ppm) (g/t) 0.00 276.80 276.80 0.50 2,146 0.84 includes 0.00 103.00 103.00 0.85 PR-11-002 1.5 263.20 261.70 0.78 2,966 1.25 includes 1.5 209.00 207.50 0.89 3,240 1.36 3,378 1.42 includes 74.50 209.00 134.50 1.01 3,561 1.57 PR -11-003 327.20 0.41 1,843 0.70 0.65 2,742 1.08 4.00 includes 4.00 323.20 150.50 146.50 PR-12-005 207.50 372.50 165.00 0.31 1,713 0.58 PR-12-006 12.00 102.00 90.00 0.21 1,315 0.42 PR-12-007 7.70 255.00 247.30 0.22 1,097 0.39 includes 156.00 197.00 41.00 0.34 1,760 0.62 PR-12-008 107.65 280.00 172.35 0.48 2,401 0.86 includes 131.50 187.00 55.50 0.67 3,507 1.22 PR-12-10 79.00 94.40 15.40 0.59 4,325 1.27 PR-12-11 6.95 166.48 159.53 0.46 2,008 0.78 Includes 6.95 95.65 88.70 0.53 2,225 0.88 PR-12-013 24 46.5 22.5 0.44 2,090 0.77 PR-12-012 6 103 97 0.34 1,646 0.60 PR-12-016 0.00 201.35 201.35 0.77 3,567 1.34 includes 27.75 85.6 57.85 1.08 4,915 1.86 PR-12-023 0.00 455.80 455.80 0.20 1,138 0.39 PR-12-024 655.60 656.70 1.10 18.28 252 18.33 includes 673.00 674.50 1.50 11.95 2,373 12.33 *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 and 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 0km 20 40
  • 16. 30 CALIBREMINING.COM 31 MINNESOTA PROJECT Borosi Concessions MINNESOTA PORPHYRY Gold/copper PROJECT GOLD IN SOIL GEOCHEMISTRY HIGHLIGHTS 0km 20 » located 20 kilometres northwest of the Primavera gold-copper project » successfully outlined porphyry-style mineralization delineated over 1.75km by 1.25km »5 00m by 250m gold and copper soil anomaly » 39.5 metres of face sampling of artisanal workings 3 » etailed geological mapping over 15 square kilometres and reconnaissance d geologic mapping over 52 square kilometres COPPER IN SOIL GEOCHEMISTRY Channel RESULTS Trench ID MNTR13-001 MNTR13-002 Interval (m) Gold (g/t) 7.50 9.20 3.93 4.17 TRENCH RESULTS Trench ID Interval (m) Gold (g/t) BRTR11-044 6.40 BRTR11-047 8.00 BRTR11-053 4.65 BRTR11-054 6.00 BRTR11-057 12.80 5.56 6.35 1.51 2.12 1.27 40
  • 17. NI 43-101 MINERAL RESOURCE ESTIMATES 32 CALIBREMINING.COM 33 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) Tonnes and Grade Total Ounces Deposit Tonnes Gold Silver Au Eq1 (g/t) (g/t) (g/t) Gold (oz) Silver (oz) Au Eq1 (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 Risco 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 1. * or Cerro Aeropuerto La Luna Gold Equivalent (Au Eq) calculated using gold price of US$1,058/oz and silver price F 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% Borosi Concessions 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. NI 43-101 COPPER/GOLD/SILVER RESOURCES AT ROSITA Joint Venture with AlDer Resources Calibre Mining Corp. and Alder Resources Inferred Resource (using a 0.15% Copper cutoff grade) Tonnes and Grade Total Resources Deposit Tonnes Gold Silver Cu (g/t) (g/t) (%) Rosita Stock Piles 7,950,000 0.46 9.20 0.62 Gold (oz) 118,000 Silver (oz) Cu (lbs) 2.35M 108M 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. 0km 20 40
  • 18. 34 CALIBREMINING.COM 35 CALIBRE/ALDER OPTION FORMER SANTA RITA COPPER-GOLD MINE CALIBRE/ALDER OPTION Borosi Concessions 0km 20 40 » ptioned to Alder Resources; Alder to spend C$4.0 million over the O next four years to earn a 65% stake in Calibre’s Rosita D Concession » osita D concession: 3,356 hectares - only 5% of Calibre’s concessions R in the Mining Triangle » istoric open pit Santa Rita copper-gold mine: total historic H production from skarn mineralization estimated at 305 M lbs of Cu, 177,737 ozs of Au, and 2,629,720 ozs of Ag from 5,924,572 tons of ore (Arengi, 2002) » n May 9, 2012 Alder Resources Announced a NI 43-101 Inferred O Resource estimate of 7.95 Mt averaging 0.62% Cu, 0.46 g/t Au, and 9.2g/t Ag. Containing 108 M lbs copper, 118,500 oz gold and 2.35 M oz of silver » hase One exploration commenced, including 8,000 metres of P diamond drilling. Results to date include: 8.0m grading 29.54 g/t Au and 8.0m grading 6.9 g/t Au (Alder news Release Sept 5, 2012) » igh grade copper/gold/silver zone identified 5.21% Cu, 4.40 g/t Au H and 144g/t Ag over 12.1 metres with additional work ongoing
  • 19. 37 36 Summary » icaragua provides a favorable, stable, environment N for mining. » alibre’s 100% owned gold-silver deposits host C inferred resources of 1,057,750 oz Au and 8,430,070 oz Ag (1,190,000 oz AuEq) » ew gold-skarn discovery at 100% owned Montes de N Oro (52.3 m grading 7.1g/t Au MTR13-009) »C alibre Mining, Featherstone Capital, B2Gold, and Alder Resources are an established, experienced team who control over 785 km2 of underexplored territory in an area that has already produced more than 7.9M oz’s of gold. » ew porphyry gold-copper discovery at Primavera N with district potential. »B 2Gold have earned a 51% Interest in the Primavera Gold-Copper discovery as well as 322 sq km of surrounding concessions, by spending $8M. B2Gold and Calibre Mining have entered into an agreement granting B2Gold an option to acquire a further 19% interest into the concessions including Primavera by spending an additional $6M over 3 years. EXPLORATION TIME LINE NEWS Flow Q3/13 Q4/13 Exploration for Porphyry Gold/Copper Systems Q2/14 Calibre/B2Gold JV 100% Calibre owned concessions Trenching at Montes de Oro Q1/14 100% Calibre owned concessions Target Delineation Drilling at Primavera B2Gold/Calibre JV Data Review Riscos de Oro / Cerro Aeropuerto / La Luna / 100% Calibre Rosita Cu/Au project (Alder) RESULTS Trenching results Montes de Oro, B2Gold and Alder resources exploration results Q3, Q4, Q1, Q2 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
  • 20. Calibre Mining Corp. 1620 – 1066 West Hastings St. Vancouver, BC V6E 3X1 TSX.V: CXB calibremining.com