Calibre Mining Corp.
TSX VENTURE : CXB

Calibre Mining Corp.

March 02, 2011 15:49 ET

Calibre Engages Endeavour Financial

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2011) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce it has retained Endeavour Financial International Corporation ("Endeavour") to provide advisory and consulting services with respect to its strategic direction and corporate development.

Calibre has agreed to pay Endeavour a retainer plus expenses for the consulting services for a minimum of three months, following which the contract will extend on a month-to-month basis. In addition, Calibre has granted Endeavour 500,000 stock options exercisable at a price of $0.20 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 include vesting restrictions. The contract also agrees to certain milestone payments. 

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

Calibre Mining Corp.

Robert D. Brown, B.Sc., MBA, President and CEO

Cautionary Note Regarding Forward Looking Statements

Safe Harbour 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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