Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the "Company" or "Calibre") is pleased to announce the appointment of Mr. Douglas Hurst as a Director of the Company effective immediately.
Douglas Forster, Chairman of Calibre stated: "On behalf of the Board of Directors I am delighted to welcome Mr. Douglas Hurst to the Calibre team as a Director. Doug's extensive experience in business, financial and capital markets as well as project evaluations will be a great compliment to our Board. We look forward to working with Mr. Hurst as Calibre advances our 100% owned Projects in Nicaragua as well as our Projects in partnership with B2Gold, IAMGOLD, Centerra Gold, and Rosita Mining."
Mr. Hurst has over 25 years of experience in the mining/resource industries having acted as geologist, consultant, mining analyst, and senior executive. Mr. Hurst holds a Bachelor of Science in geology from McMaster University (1986). He was a mining analyst with McDermid St. Lawrence and Sprott Securities and a contract analyst to Pacific International Securities and Octagon Capital up until 1995. From 1995 to 2003 Mr. Hurst operated D.S. Hurst Inc. a company offering corporate, evaluation and financing consulting services to the mining industry. He was a founding executive of International Royalty Corporation from 2003 to 2006 and a director of the company until 2010 when the company was purchased by Royal Gold for $700 million.
Calibre has granted 500,000 stock options at a price of $0.155 per share for a period of five years to Mr. Hurst. The options are subject to regulatory approval and are granted under the Company's stock option plan and include vesting provisions.
About Calibre Mining Corp.
Calibre controls a 100% interest in over 340 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, an option agreement with Centerra Gold on 253 km2, joint venture exploration programs underway with B2Gold Corp. on 66.1 km2 of concessions which includes the Primavera gold-copper porphyry discovery and the Monte Carmelo Gold Zone, and a joint venture on the 33.6 km2 Rosita gold-copper-silver project with Rosita Mining Corporation. Major shareholders of Calibre include gold producer B2Gold Corp, Pierre Lassonde and Management.
Calibre Mining Corp.
"Douglas B. Forster"
Douglas B. Forster, M.Sc., P.Geo.
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