Calibre Mining Receives Key Environmental Permits for Volcan Gold Deposit in Nicaragua

Calibre Mining has announced that the Nicaraguan authorities have granted the necessary environmental permits for the development and production of the open-pit mines at the Volcan gold deposit, located approximately 5 km south of the Libertad mill.

Darren Hall, President and Chief Executive Officer of Calibre, commented, "The approval of the Volcan permit demonstrates the value of our hub and spoke operating strategy as we achieve another significant milestone in Calibre's efforts to organically grow gold production. With an initial open pit resource averaging 2.0 g/t gold, 2023 drilling confirms that the deposit can host higher-grade, near-surface gold mineralization. With receipt of this key permit, combined with Volcan's proximity to the Libertad mill, which has in excess of one million tonnes of surplus capacity, we expect the deposit to contribute to the Company's production profile in the second half of this year."