VANCOUVER, British Columbia, April 25, 2023 (GLOBE NEWSWIRE) — Caliber Mining Corp. CXBCXBMF (the “Company” or “Caliber”) announces that it has exercised its right to acquire a 50% Production Royalty, 1% Net Smelter Return (“NSR”) from Triple Flag Precious Metals Corp. for $2 million. to acquire its 100% owned Eastern Borosi project, reducing the existing royalty to 1% NSR.

said Darren Hall, Caliber’s President and Chief Executive Officer: “I am pleased with the progress being made at the Eastern Borosi Mine as the team has been on time and on budget with the start of our high grade open pit operation. We believe there is excellent potential to expand resources and make new discoveries that will provide additional opportunities for future gold production growth. Based on the proven execution and growth potential at Eastern Borosi, it makes sense to exercise this right given the expected high return on investment.”

ON BEHALF OF THE BOARD OF DIRECTORS

“Darren Hall”

Darren Hall, President and Chief Executive Officer

For more information please contact:

Ryan King
Senior Vice President, Corporate Development & IR
T: (604) 628-1012
E: caliber@calibremining.com
W: www.calibremining.com

About Caliber Mining Corp.

Caliber Mining is a Canada listed, America focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities in Nevada and Washington in the US and Nicaragua. Caliber is focused on creating sustainable value for shareholders, local communities and all stakeholders through responsible action and a disciplined approach to growth. With a strong balance sheet, proven management team, strong operating cash flow, value-added development projects and district-level exploration opportunities, Caliber will unlock significant value.

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This press release contains certain “forward-looking information” and “forward-looking statements” (collectively…