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Advanced Gold, Copper and Silver ExplorationMining Triangle, NicaraguaTSX.V: CXBFEBRUARY 2012
FORWARD LOOKING STATEMENTCertain statements in this document constitute “forward looking statements” which may not
be based on historical fact. Such forward looking statements involve known and unknown
risk, uncertainties and other factors which may cause the actual results, performance
or achievements of the Company, or industry results to be materially different from any
future results, performance, or achievements expressed or implied by such forward looking
statements. Such factors include, among others, the following: actual results of exploration and
development activities; the costs and timing of the development of new deposits; future prices
of precious and base metals; accidents; risks inherent in mineral exploration; risks associated
with development, construction and mining operations; restrictions on foreign ownership; the
Company’s history of operating losses and uncertainty of future profitability; uncertainty of
access to additional capital; and environmental liability claims and insurance. This presentation
is not an offer to purchase securities and does not constitute an offering document under
Securities legislation.
2CALIBREMINING.COM
StAblE EnvironmEnt: ProliFiC mininG DiStriCt
» Stable government, with a political environment favorable to mining
» Prolific “Mining Triangle” has produced over 7.9M oz’s of gold
» Calibre and its partners control over 860 km2 of underexplored project area in the region
tEAm AnD PArtnErS: ExPEriEnCED, SuCCESSFul
» Calibre Mining Proven management with decades of mining and publiccompany experience
» Featherstone Capital Strong history of success. Have created billions of dollars in Shareholder Value
» B2Gold Nicaragua’s largest gold producer with two mines and a strong portfolio of development assets
» Alder Resources Experienced management with focus on exploration inthe Americas
Calibre’s borosi Gold-Copper-Silver Project mining triangle of northeast nicaragua, Central America
INvESTMENT HIGHLIGHTS
nEw DiSCovEry: PrimAvErA GolD-CoPPEr ProJECt
» Primavera porphyry gold/copper discovery
» Discovery drill hole (Jan. 2012): 261.7 m grading 0.78 g/t Au, 0.30% Cu
» Joint Venture with B2Gold. B2Gold(Nicaragua’s largest gold producer) can earn a 51% interest in 322km2 of concessions including Primavera
EStAbliShED ProJECtS: ProvEn PArtnErS
» Calibre 100%-owned NI 43-101 Compliant Inferred Resource totaling 835,000 ozs Gold and 4.3 million ozs Silver
» 100%-owned Riscos de Oro epithermal gold-silver project: 9,427m delineation drilling completed to date
» Joint Venture with Alder Resources Ltd. on the Rosita copper skarn project. Alder will invest up to $4 million, for a 65% earn in. Drilling underway at Rosita
4 5CALIBREMINING.COMCALIBRE INVESTMENT HIGHLIGHTS
CAlibrE mininG CorP
Edward Farrauto, CGA President & CEO, Director » 20+ years experience as CFO and director of public companies; » Founder and director of several public companies;
Paulo Santos, CA Chief Financial Officer » 10+ years experience with public accounting, auditing, and regulatory
compliance
Greg Smith, P.Geo VP Exploration » 23+ years exploration experience with both junior & senior operations; » Involved in successfully outlining 10+ million ounces of gold discoveries.
George Salamis Director » 20+ years exploration, development and operations experience; » President & CEO of Edgewater Exploration Ltd.
Hon. John Reynolds, P.C. Director » 35+ years experience in politics, former Member of Parliament, and a
member of the Queen’s Privy Council for Canada;
» Strategic Senior Advisor at McMillan LLP.
FEAthErStonE CAPitAl
Douglas B. Forster, M.Sc., P.Geo Executive Chairman of the Calibre Board » President & CEO of Featherstone Capital Inc. » 30+ years of resource project development, M&A, equity finance and
public company management; » Founder and director of numerous public companies;
Blayne Johnson Lead Director of Calibre Board » 25 years of capital markets experience; » Former VP of First Marathon Securities » Chairman of Featherstone Capital Inc.
EXPERIENCED TEAM PARTNERS
b2GolD
Vancouver based gold producer led by Clive Johnson and Tom Garagan, with two gold mines in Nicaragua and a strong portfolio of development and exploration assets in Nicaragua, Colombia and Uruguay. B2Gold was founded in 2007 by the former executive and management team of Bema Gold Corporation.
AlDEr rESourCES
Toronto-based junior exploration company with a focus on exploration for base and precious metals in the Americas.
SHARE STRUCTURE issued & outstanding 167,865,918
options 15,900,000
yamana warrants 10,000,000*
Fully Diluted 193,765,918
Fully Diluted Cash Position $13,174,000
working Capital $1,750,000
* In conjunction with the purchase of the Borosi Concessions in 2009, Calibre granted 10 million warrants to Yamana Gold (5 million exercisable at $0.50 and 5 million exercisable at $1.00). The warrants expire in July 2014 and are only exercisable if Calibre delineates at least 2.5 million NI 43-101 Measured and Indicated compliant ounces of gold equivalent (total of gold and copper resources).
6 7CALIBREMINING.COMCALIBRE TEAM
NICARAGUA: STAbLE, UNDER EXPLORED MINING ENvIRONMENT» Democratic Republic with President Ortega elected to a new 5 year term
in Nov. 2011
» Gold is Nicaragua’s No. 3 export
» Gold has helped Nicaragua’s economy grow by 4% annually in the past year, the highest rate in Central America
» Annual gold production has more than doubled in the past 3 years
» Supportive mining laws, including favourable tax regime
» 25 year exploration and 50 year exploitation permits
» Economist Intelligence Unit ranks Nicaragua as one of the safest countries in Central America
HONDURAS
NICARAGUA
BorosiConcessions
Managua
LakeNicaragua
La Libertad (Gold Mine)B2GOLD CORP.
El Limon (Gold Mine)B2GOLD CORP.
Bonanza(Gold Mine)
Siuna Rosita and Primavera
CaribbeanSea
Pacific Ocean
EL SALVADOR
COSTA RICA
PANAMA
Riscos de Oro
Puerto Cabezas (Airport)
0 20 40 80 120 160km
bOROSI CONCESSION AREA
8 9CALIBREMINING.COMWORKING IN NICARAGUA
bOROSI GOLD, SILvER AND COPPER CONCESSIONS – “MINING TRIANGLE”
2
Cerro Cola BlancaForest Reserve
Prospects
100% Calibre
Calibre-Alder Option Area
Calibre-B2Gold Option Area
Cerro BanacruzForest Reserve
NICARAGUA
Borosi Concessions
Managua
275k
m
0 5 10 15 20km
Siuna
Riscos de Oro
Primavera
Cerro Aeropuerto
Rosita
Santa Rita
Bonanza
La Luna
Bonanza (Gold Mine)2.8M OZS PAST PRODUCTION
LA LUZ (Gold Mine)2.7M OZS PAST PRODUCTION
5
4
3
1
CAlibrE/b2GolD1 PrimAvErA Gold-Copper
100% CAlibrE
2 CErro AEroPuErto Gold-Silver
NI43-101 Inferred Resource
707,750 oz Au
3.14M oz Ag
3 lA lunA Gold-Silver
NI43-101 Inferred Resource
127,700 oz Au
1.74M oz Ag
4 riSCoS DE oro Gold-Silver
9,427m of drilling completed
CAlibrE/AlDEr rESourCES
5 SAntA ritA Copper-Gold
Former open pit copper mine
produced 305M lbs Cu
2
10 11CALIBREMINING.COMBOROSI CONCESSIONS AREA
*Proven + Probable: 6.0 M ozs Au; Measured + Indicated : 3.4 M ozs Au (Kinross Gold Corp. website)
* *Proven & Probable: 22 M ozs Au, 5.7 B lbs Cu (Barrick Gold Corp. website)
PRIMAvERA GOLD/COPPER PROJECT NEW PORPHyRy GOLD/COPPER DISCOvERy
ProJECt hiGhliGhtS
» Road accessible with national power grid located 1.2 km from the project, 8km from town of Rosita
» Subdued topography with main land use being subsistence farming and ranching.
» Joint Venture with B2Gold: B2Gold can earn a 51% interest in Primavera, as well as 322 sq km of surrounding concessions, by spending $8M by June, 2014 ($4.0 spent to December 2011). B2Gold may elect, once earn-in is complete, to carry an individual prospect within the concession area through a Preliminary Feasibility Study for an additional 14% interest in the project
» Airborne geophysical survey outlines a large 5km by 5km interpreted intrusive/volcanic complex
» 3 drill holes completed in December 2011. Phase 2 drilling now underway
» Similar style of mineralization to the Maricunga gold deposit, Chile: +6.0M ozs* gold; and the Cerro Casale gold-copper deposit, Chile: +22.0M ozs gold, 5.7B lbs copper.**
AIRbORNE RADIOMETRIC SURvEy
PrimAvErA GolD-CoPPEr DiSCovEry
intrusive/volcanic Complex
Borosi Concessions
0km 20 40
12 PRIMAVERA PROJECT 13CALIBREMINING.COM
PRIMAvERA GOLD/COPPER PROJECT SOIL GEOCHEMISTRy
GOLD IN SOIL GEOCHEMISTRy
TRENCH RESULTS
trench iD interval (m) Gold (g/t) Copper (ppm)
Prtr11-005 51.25 1.53 680
Prtr11-010 107.00 0.78 980
Prtr11-011 179.40 0.63 997
Prtr11-012 58.00 0.70 1313
Prtr11-013 49.50 0.25 1100
Prtr11-014 51.70 0.42 1286
Pr11-001
Pr11-002
Pr11-003
HIGHLIGHTS
COPPER IN SOIL GEOCHEMISTRy
» Over 800 m by 300 m gold/copper soil geochemistry anomaly (open)
» Trenches returned long intervals of continuous gold-copper mineralization including 179.4m grading 0.63g/t Au and 997 ppm Cu
» Very sparse rock outcrop in region with up to 10m of overburden and saprolite
Pr11-001
Pr11-002
Pr11-003
Borosi Concessions
0km 20 40
14 PRIMAVERA PROJECT 15CALIBREMINING.COM
PRIMAvERA GOLD/COPPER PROJECT DRILL RESULTS
JANUARy 2012 PRIMAvERA DRILL HOLE INTERCEPTS
» 668 metres of diamond drilling complete in 3 drill holes (Dec. 2011)
» 2,000m Phase II Drill Program initiated in January, 2012
» Mineralization in the drill holes is comprised of quartz-magnetite-chalcopyrite-bornite veins and vein stockwork within broad zones of potassically-altered intermediate volcanic and intrusive rocks
Drill hole From to length Gold Copper (m) (m) (m) (g/t) (ppm)
Pr-11-001 0.00 276.80 276.80 0.50 2,146
includes 0.00 103.00 103.00 0.85 3,240
Pr-11-002 1.5 263.20 261.70 0.78 2,966
includes 1.5 209.00 207.50 0.89 3,378
includes 74.50 209.00 134.50 1.01 3,561
Pr -11-003 4.00 127.85 123.85 0.65 2,752
includes 50.50 127.85 77.35 0.74 3,114
Borosi Concessions
0km 20 40
16 PRIMAVERA PROJECT 17CALIBREMINING.COM
PR11-002 INTERCEPTED:
» 261.70m grading 0.78 g/t Au, 0.30% Cu
» Continuos Gold-Copper Mineralization
Au (g/t)
PRIMAvERA GOLD/COPPER PROJECT DRILL HOLE PR11-002
Cu (ppm)
PR11-001 INTERCEPTED:
» 103.0m grading 0.85 g/t Au, 0.32% Cu
PICTURED DRILL INTERCEPT ASSAyED
» 2.00m @ 1.11g/t Au and 0.42% Cu (Section 76.00m-78.00m of Hole PR11-001)
DRILL HOLE PR11-001
Borosi Concessions
0km 20 40
18 PRIMAVERA PROJECT 19CALIBREMINING.COM
HONDURAS
NICARAGUA
Caribbean Sea
Pacific Ocean
EL SALVADOR
BELIZE
COSTA RICA
PANAMA
PRIMAVERAPorphyry Gold-Copper Project
CERRO COLORADO24.8 B lbs Copper, 3.5M ozs Gold
COBRA PANAMA19.6 B lbs Copper, 4.9M ozs Gold
Deposit tonnes Au Cu Au Eq. Contained Au Contained Cu (mt) (g/t) (%) (g/t)* (million ozs) (billion lbs)
Cerro Casale 1,200 0.59 0.22 0.94 23.1 5.78
Chapada 429 0.24 0.26 0.65 3.1 2.15
El morro 537 0.49 0.52 1.31 8.2 6.08
Agua rica 908 0.22 0.49 1.00 22.1 9.78
maricung 269 0.70 0.00 0.70 6.0 0.00
Alumbrera 390 0.51 0.47 1.25 6.4 4.03
Kemess South 109 0.71 0.23 1.07 2.5 0.56
mt. milligan 531 0.34 0.20 0.66 6.0 2.12
Cobra Panama 2,143 0.07 0.41 0.72 4.9 19.59
Cerro Colorado 1,400 0.08 0.78 1.31 3.5 24.00
Primavera ** - 0.76 0.30 1.23 - -
PORPHyRy GOLD/COPPER DEPOSITS OF CENTRAL AMERICA AND CORDILLERA
* Au Eq. (g/t): Gold Equivalent calculated using $1,300 oz gold and $3.00/lb copper and metallurgical recoveries and net smelter returns are assumed to be 100%.
** Weighted average grade of first 3 drill hole intercepts PR11-001, PR11-002, PR11-003
Resource Information derived from Website Sources.
20 21CALIBREMINING.COMPORPHYRY GOLD-COPPER DEPOSITS IN THE AMERICAS
RISCOS DE ORO PROJECT DISTRICT POTENTIAL 100% CAlibrE ownED
» Low Sulfidation Epithermal Gold-Silver Vein District
» Comparable to nearby Bonanza Camp in geology, mineralization, and structure (past production of +2.8 million ozs Au)
» Gold – Silver System extends over 7 km from the El Paraiso and Murcielago targets Northeast towards Riscos de Oro
» Completed 9,427m of resource delineation drilling at Riscos in 37 holes with epithermal gold-silver intercepts including 7.69 g/t Au, 211.80 g/t Ag over 10.6m
» Historic trenching at Murcielago adit 7.0 Km SW of Riscos returned 12.4 g/t Au over 3.0 metres
» Multiple parallel veins identified
DRILLING DETAILS» 9,427m of delineation drilling completed
» Former open pit and underground mine to 90m depth only
» Gold-Silver mineralization defined over 725m strike length to a depth of 300m
» Multiple mineralized veins and structures
DRILLING HIGHLIGHTS» rD11-012: 7.69 g/t Au, 211.80 g/t Ag over 10.6m
» rD11-010: 10.25 g/t Au, 288.25 g/t Ag over 5.4m
» rD10-009: 4.23 g/t Au, 384.86 g/t Ag over 8.53m
Borosi Concessions
0km 20 40
22 23CALIBREMINING.COMRISCOS DE ORO PROJECT
RD11-016 INTERCEPTED:
» 7.10m of 2.72 g/t Au & 287.65 Ag
PICTURED DRILL INTERCEPT ASSAyED
» 3.68m @ 3.6 g/t Au and 518 g/t Ag (Section 201.92m – 205.60m of Hole RD11-016)
RISCOS DE ORO PROJECT HIGHLIGHTS
Borosi Concessions
0km 20 40
24 25CALIBREMINING.COM
DRILLING CROSS SECTION (A TO A’)
RISCOS DE ORO PROJECT
NOTES 1 All reported intercepts are core lengths and true widths are estimated at 80 percent of core lengths.
2 Weighted averages calculated usign assays.
3 AuEq (g/t): Gold Equivalent calculated usign $1,300/oz gold and $24.0/oz Ag and metallurgical and net smelter returns are assumed to be 100%.
ASSAy HIGHLIGHTS FROM DRILLING PROGRAMS FROM 2010/2011
hole iD thickness (m)1 Au Grade (g/t)2 Ag Grade (g/t)2 AuEq (g/t)3
rD10-001 5.80 2.44 292.60 7.84
rD10-002 4.90 0.97 28.72 1.50
rD11-003 3.40 8.81 55.74 9.84
rD10-005 4.14 9.04 30.02 9.59
rD10-009 8.53 4.23 384.86 11.34
rD11-010 1.50 5.98 9.10 6.15
and 4.20 2.50 5.16 2.60
rD11-011 3.62 6.41 139.21 8.98
rD11-012 10.60 7.69 211.87 11.60
rD11-013 5.08 0.82 2.76 0.87
rD11-014 3.03 1.54 46.30 2.39
rD11-015 2.20 5.44 405.55 12.93
rD11-016 7.10 2.72 287.65 8.03
and 4.29 3.20 13.30 3.45
rD11-017 3.90 9.31 336.06 15.51
rD11-018 1.39 9.11 14.33 9.37
rD11-019 5.80 9.37 64.8 10.57
rD11-021 8.64 4.4 24.12 4.85
rD11-024 2.35 7.75 15.49 8.04
rD11-025 2.95 4.23 449.8 12.53
rD11-026 2.58 8.74 120.5 10.96
rD11-027 4.60 2.28 11.56 2.49
rD11-029 2.45 10.30 56.71 11.35
rD11-031 2.65 3.33 11.22 3.54
rD11-037 4.21 8.66 37.57 9.35
» Au Eq cutoff equivalent calculated using Wardrop’s estimated gold price of US$1,058/oz and silver price of US$16.57 /oz
» Mineral resources that are not mineral reserves do not have economic viability.
» Metallurgical recoveries and net smelter returns are assumed to be 100%
NI 43-101 GOLD SILvER RESOURCES AT CERRO AEROPUERTO AND LA LUNA 100% CAlibrE ownED
Calibre mining Corp. Global inferred resource (using a 0.6 g/t AuEq 1,3 cutoff grade)2
tonnes and Grade total ounces
Deposit tonnes Gold Silver Au Eq1 Gold Silver Au Eq1 (g/t) (g/t) (g/t) (oz) (oz) (oz)
Cerro Aeropuerto 6,052,000 3.64 16.16 3.89 707,750 3,144,500 757,000
la luna 2,539,000 1.56 14.01 1.78 127,700 1,143,570 146,000
835,450 4,288,070 903,000
CErro AEroPuErto Drill holES
Borosi Concessions
0km 20 40
lA lunA Drill holES
Borosi Concessions
0km 20 40
la luz mine
26 27CALIBREMINING.COMCERRO AEROPUERTO AND LA LUNA PROJECTS
FORMER SANTA RITA COPPER MINE CAlibrE/AlDEr oPtion
» Optioned to Alder Resources; Alder to spend C$4.0 million over the next four years to earn a 65% stake in Calibre’s Rosita D Concession
» Rosita D concession: 3,356 hectares - only 5% of Calibre’s concessions in the Mining Triangle
» Historic open pit Santa Rita copper-gold mine: total historic production from skarn mineralization estimated at 305 M lbs of Cu, 177,737 ozs of Au, and 2,629,720 ozs of Ag from 5,924,572 tons of ore (Arengi, 2002)
» Recent drilling results reported by Alder include: 12m grading 0.91% Cu, 1.00 g/t Au and 16.63 g/t Ag (Alder News Release February 8, 2012)
» Phase One exploration commenced, including 5,000 metres of RC and 8,000 metres of diamond drilling
Borosi Concessions
0km 20 40
SAntA ritA hiStoriCAl oPEn Pit
29CALIBREMINING.COM28 CALIBRE/ALDER OPTION
SUMMARy» Nicaragua provides a favorable, stable, environment
for mining.
» The ‘Mining Triangle’ has proven potential and is under-explored.
» Calibre Mining, Featherstone Capital, B2Gold, and Alder Resources are an established, experienced team who control over 860 km2 of underexplored territory in an area that has already produced more than 7.9M oz’s of gold.
» New and significant porphyry gold-copper discovery at Primavera.
» With up to $8 million in exploration carried by partners, Calibre is able to rapidly advance its opportunities in the Mining Triangle.
EXPLORATION TIME LINE & NEWS FLOW
INFORMATIONMark Carruthers [email protected] (604) 681.9944
Calibre Mining Corp. 1620 – 1066 West Hastings St. Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com
2012 Q1 Q2 Q3 Q4
Exploration for Porphyry
Gold/Copper Systems
Calibre/b2Gold option 100% Calibre owned concessions
Target Delineation
Drilling
Primavera / Calibre/B2Gold
rosita Copper Project / Calibre/Alder Resources Option
Data Reviewriscos de oro / 100% Calibre
Drilling results comparison
rESultS Drill results from Santa rita and Primavera
Calibre mining Corp.1620 - 1066 West Hastings St. Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com
