Calibre Mining Corp.
TSX VENTURE : CXB

Calibre Mining Corp.

May 19, 2009 09:30 ET

Calibre Sells Interest in Trundle

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2009) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce the sale of its interest in the Trundle Property to Clancy Exploration Limited (ASX:CLY) ("Clancy") of Perth, Western Australia. The consideration for the sale will consist of the issue by Clancy of 1,750,000 common shares at a deemed value of $0.12 per share. Upon completion of the sale, Calibre will own 2.7% of the issued and outstanding common shares of Clancy.

The acquisition is effected by the signing of a conditional agreement with the Australian subsidiary of Calibre to acquire all of its interest in an Option Agreement with Western Plains Resources Limited (ASX:WPR) ("Western Plains") over the Trundle project. The agreement contains several conditions including the requirement of consent by Western Plains to the transaction.

Clancy is an Australian-focused copper, gold and base metals explorer. The Company's portfolio has been built up over a number of years and consists of highly prospective copper-gold projects in the Lachlan Fold Belt of North South Wales, base metal projects in the Mount Read Volcanic Belt of Tasmania, Nadbuck near Broken Hill and Yalgoo adjacent to the Golden Grove mine in Western Australia.

Calibre Mining Corp. is a TSX Venture Exchange listed company that is focused on the acquisition, exploration and development of gold and copper deposits.

On behalf of the Board of Directors

Robert Brown, CEO and President

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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