Calibre Mining Corp.
TSX VENTURE : CXB

Calibre Mining Corp.

October 22, 2010 17:53 ET

Calibre Announces Investor Relations Contract

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2010) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce that it has retained the services of Mark Carruthers to provide in-house investor relations services on a month to month basis beginning October 21, 2010. Mr. Carruthers has previously worked in a marketing and support function for other junior public companies. In consideration of the services to be provided, the Company has agreed to pay a monthly fee of C$4,000 and has granted Mr. Carruthers 250,000 stock options exercisable at a price of $0.15 for a period of five (5) years from the date of grant. These options are granted subject to the Company's Stock Option Plan, and will have vesting provision such that 25% of the options are available upon the date of the grant, and 25% become available every six months thereafter. These agreements are subject to regulatory approval and all terms will be subject to and in accordance with the policies and rules of the TSX Venture Exchange.

Calibre Mining Corp.

Robert D. Brown, B.Sc., MBA, 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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