Calibre Grants Options

Jan 24, 2012

Vancouver, British Columbia: Calibre Mining Corp. (TSX-V: CXB) (the "Company" or "Calibre") has granted 4,475,000 stock options at a price of $0.49 per share for a period of five years to officers, directors and consultants of the Company. These 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 Mining Corp. is a, TSX Venture Exchange listed company (TSX.V: CXB) that is focused on the acquisition, exploration and development of gold and silver deposits in Central America. The Company is focused on a delineation drill program at its 100% owned Riscos de Oro gold-silver project, the drilling program at the Primavera gold-copper prospect in conjunction with B2 Gold Corp. and the drilling program on the Rosita copper-gold-silver project in conjunction with Alder Resources Ltd. Major shareholders of Calibre include gold producer Yamana Gold Inc. and investment fund Sun Valley Gold.

Calibre Mining Corp.

"Douglas Forster"

Douglas Forster, M.Sc., P.Geo.
Chairman


For further information contact:
Mark Carruthers -- Vancouver, Canada
604 681 9944
www.calibremining.com


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.

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