Calibre Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 9, 2014) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") has granted 6,750,000 stock options at a price of $0.16 per share for a period of five years to various employees, officers, consultants, and directors of the Company. The options are subject to regulatory approval and are granted under the Company's stock option plan and include vesting provisions.

The Company is proceeding with a submission to the TSXV for approval of amendments to the Company's stock option plan, as more particularly described in the Company's information circular dated April 17, 2013 and approved by shareholders on May 22, 2013. Under the shareholder approved amended stock option plan, the maximum number of common shares of the Company that may be issued upon exercise of stock options is 25,000,000.

About Calibre Mining Corp.

Calibre controls a 100% interest in 253 km² of mineral concessions in the Mining Triangle of Northeast Nicaragua. Additionally the Company has an option agreement with IAMGOLD covering 176 km² of concessions, joint venture exploration programs underway with B2Gold Corp. on 322.3 km² of concessions which includes the Primavera gold-copper porphyry discovery, and has optioned the 33.6 km² Rosita gold-copper-silver project to Alder Resources Ltd. Major shareholders of Calibre include gold producer B2Gold Corp., Pierre Lassonde and Management.

Calibre Mining Corp.

Greg Smith, P.Geo., President and CEO

Neither the 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.