Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased
to announce results from follow-up trenching and sampling at the Minnesota Gold
Project within the B2Gold Corp. ("B2Gold") (TSX:BTO)(NYSE MKT:BTG) Joint Venture
on the Borosi concessions, northeast Nicaragua. Calibre controls a 49.0%
interest in the joint venture and B2Gold has a 51.0% interest and is project
operator. B2Gold has the right to earn an additional 19.0% in the Borosi
concessions joint venture by spending $6.0 million in additional project
expenditures over three years. The 2014 exploration program on the B2Gold joint
venture is budgeted at $1.2 million. 


The latest results on the Minnesota Gold Project have further extended the
previously defined gold mineralization increasing the trench intercept to 61.9
metres grading 1.76 g/t Au. The trenches continue to expose intensely
sericitized granodiorite with strong hematite staining and variable
silicification. The gold mineralization in the trenches remains open to the
north and south. 


Trenches MINTR14-008 and MINTR14-009 are additional extensions to the south of
Trenches MINTR14-006 and MINTR14-007 which intersected 30.5 m grading 2.01 g/t
Au (see Calibre New Release dated June 17, 2014). 




                                                                     
          Updated Trenching Results - Minnesota Gold Project         
                                                                     
---------------------------------------------------------------------
Trench                          From         To   Interval         Au
ID                               (m)        (m)        (m)      (g/t)
---------------------------------------------------------------------
---------------------------------------------------------------------
MINTR14-006(i)                   0.0       14.8       14.8       1.85
MINTR14-007(i)                   0.0       14.7       14.7       2.31
MINTR14-008                      0.0       14.6       14.6       1.61
MINTR14-009                      0.0       14.8       14.8       1.61
---------------------------------------------------------------------
MINTR14-006/7/8/9(ii)            0.0       61.9       61.9       1.76
---------------------------------------------------------------------
Notes;  (i) previously reported                                             
        Length weighted averages from uncut assays.                         
        Mineralized intervals are open to the north and south.              
        (ii) Combined weighted averages assign zero grade to a 1.0 m gap    
        left unsampled between each of the four trenches                    



Exploration at Minnesota continues with new trenches planned 100 meters
northeast and southwest of Trenches MINTR14- 6 through 9 at high angles to the
apparent trend of the gold mineralization.


The Minnesota gold target area consists of intrusive hosted veinlets within a
structurally prepared area with widespread alteration. The target is defined by
a strong 1.75 km by 1.25 km gold in soil anomaly. Updated maps detailing the
result of the current exploration program at the Minnesota Gold Project will be
posted on the Company's web site at www.calibremining.com. 


Quality assurance and quality control procedures include the systematic
insertion of blanks, standards and duplicates into the rock and soil sample
strings. Samples are placed in sealed bags and shipped directly to Acme Labs in
Managua, Nicaragua for sample preparation and then to Acme Labs in Vancouver,
Canada for gold fire assay and ICP-MS multi element analyses. The technical
content in this news release was read and approved by Gregory Smith, P.Geo,
President and CEO of the Company who is the Qualified Person as defined by NI
43-101. 


About Calibre Mining Corp.

Calibre controls a 100% interest in 253 km2 of mineral concessions in the Mining
Triangle of Northeast Nicaragua. Additionally the Company has an option
agreement with IAMGOLD covering 176 km2 of concessions, joint venture
exploration programs underway with B2Gold Corp. on 322.3 km2 of concessions
which includes the Primavera gold-copper porphyry discovery, and has optioned
the 33.6 km2 Rosita gold-copper-silver project to Alder Resources Ltd. Major
shareholders of Calibre include gold producer B2Gold Corp. 


Calibre Mining Corp.

Greg Smith, P.Geo., President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Calibre Mining Corp.
Ryan King
604 628-1012
www.calibremining.com
Calibre Mining (TSXV:CXB)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Calibre Mining Charts.
Calibre Mining (TSXV:CXB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Calibre Mining Charts.