Calibre Mining Corp.
TSX VENTURE : CXB

Calibre Mining Corp.

February 01, 2010 20:00 ET

Calibre Promotes Mr. Santos to Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2010) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") today announced the promotion of Mr. Paulo Santos, CA as the Company's Chief Financial Officer. Mr. Santos moves to this new role from his previous position as Controller for the Company. Mr. Santos will be taking over from Mr. Edward Farrauto who will continue as a director and will continue to advise the Company on securities and other corporate regulatory matters.

Rob Brown, President and CEO of Calibre, stated, "It gives me great pleasure that Paulo has agreed to take on these additional responsibilities and his growth with the Company gives us continuity in this key area. I would especially like to thank Ed for his diligent work on behalf of Calibre and for his counsel and leadership in the development of the Company. We are pleased to have his continued support as a director and in an advisory and consulting capacity."

Mr. Santos is a Chartered Accountant and has been working with Calibre since 2007. Prior to joining Calibre, Mr. Santos was employed as an external auditor at both local and international accounting and advisory firms in Vancouver, focusing his work on public companies in the junior resource sector for five years. Mr. Farrauto commented, "I am confident that Mr. Santos will serve Calibre extremely well in his new role. This change formalizes a transition that has been underway for some months now and allows me to have a continuing role with the Company. I look forward to being a part of the continued development and success of Calibre."

Calibre Mining Corp. is an aggressive, well financed, TSX Venture Exchange listed company (TSX VENTURE:CXB) that is focused on the acquisition, exploration and development of gold and copper deposits in Central America. Major shareholders of Calibre include gold producers Yamana Gold Inc. and Kinross Gold Corp.

On behalf of the Board of Directors

Robert Brown, President and CEO

Cautionary Note Regarding Forward Looking Statements

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements including but not limited to those with respect to the price of gold, silver or copper, potential mineralization, reserve and resource determination, exploration results, and future plans and objectives of the Company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Calibre Mining Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither 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.

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