VANCOUVER, British Columbia, Oct. 28, 2022 (GLOBE NEWSWIRE) — Caliber Mining Corp. CXBCXBMF (“Caliber” or the “Company”) is pleased to announce that the Company has received key environmental permits for the development and production of the open pit and underground mines within the Eastern Borosi Project (“EBP”) from the relevant Nicaraguan authorities .

The Company is also pleased to announce that it has signed a two-year contract with CEPAM (Comercializadora de Energía para America) to ensure that 100% of the energy purchased for Nicaragua operations is certified clean energy. The agreement eliminates all of Caliber’s scope 2 carbon emissions (purchased electricity) in Nicaragua, accounting for approximately 30% of our total emissions (CO2e) within the country.

Caliber is advancing the high-grade EBP open pit and underground satellite deposits, which are expected to come on stream during 2023 and feed into the Company’s Libertad processing facility. EBP represents Caliber’s third major environmental mine development permit in three years and demonstrates the Company’s unyielding commitment to stakeholder engagement and transparent communication within a well-defined mining regulatory environment. EBP is a large 176 km² Land package containing numerous low-sulphidation gold-silver vein targets and strong potential for discovery of new zones and expanded resources.

Darren Hall, Caliber’s President and Chief Executive Officer, explained: “The approval of the EBP permits is another significant milestone in the Company’s efforts to organically increase gold production. The permits were obtained three months ahead of schedule thanks to a positive community engagement process and a successful public consultation. This achievement will allow Caliber to develop EBP and help improve the quality of life for host communities in the Atlantic region of Nicaragua. With open pit reserves at EBP grading 6.8 g/t Au combined with the high grade 6.5 g/t oh…