Calibre Mining Corp.

Calibre Mining Corp.

September 16, 2010 11:59 ET

Calibre Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 16, 2010) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") has granted a total of 6,750,000 incentive stock options to directors, officers, and employees of the Company. The exercise price of the stock options is $0.15 per share and they have a term of five years. The grant of the stock options is subject to regulatory and exchange approval.

"With the exploration success of the Borosi programs in Nicaragua, this upcoming year is promising to be an exciting and pivotal one for Calibre," stated Robert Brown, President and CEO. In support of the management at this key juncture, current Calibre Chairman Douglas Forster, M.Sc., P.Geo. will move to the position of Executive Chairman. Mr. Forster has been associated with the mining industry for the past 29 years and has extensive experience in resource project development, mergers and acquisitions, equity finance and public company management. Current Director Mr. Blayne Johnson will assume the role Lead Director and will be responsible for overseeing equity raising and mergers and acquisitions. Mr. Johnson has been involved in the investment and mining business for the past 23 years and has a proven track record in equity and debt financing for natural resource companies. Director Edward Farrauto, CGA, will continue to oversee corporate governance and compliance.

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 and copper deposits in Central America. Major shareholders of Calibre include gold producer Yamana Gold and investment fund Sun Valley Gold.

On behalf of the Board of Directors

Robert Brown, President and CEO

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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