NEWS RELEASE - Dieppe, New Brunswick – August 31, 2026 – Colibri Resource Corporation (TSXV: CBI) (“Colibri” or the “Company”) announces that its Board of Directors has approved the grant of an aggregate of 2,750,000 stock options to directors, officers, employees and consultants of the Company pursuant to the Company’s stock option plan. The options are exercisable at a price of $0.10 per common share. Of the options granted, 2,250,000 are exercisable for a period of five years and 500,000 are exercisable for a period of two years. The options are subject to the terms of the Company’s stock option plan and the policies of the TSX Venture Exchange. Diamante and Jackie Transaction Update Further to the Company’s news releases dated May 12, 2025 and June 15, 2026, Colibri reports that the final documentation relating to the Company’s acquisition of Silver Spruce Resources Inc.’s interest in Yaque Minerals Inc., resulting in Colibri holding an effective 60% interest in the Diamante Gold & Silver Project, and the disposition of Colibri’s 50% interest in the Jackie Gold & Silver Project to Silver Spruce Resources Inc. has been submitted to the TSX Venture Exchange for final approval. The Company will provide a further update upon receipt of final Exchange approval and completion of the transactions.
NEWS RELEASE - Dieppe, New Brunswick – August 27, 2026 – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce the successful completion of the transaction previously announced on July 9, 2026, pursuant to which the Company has sold its 49% interest in the Pilar Gold Project, located in Sonora, Mexico, to Tocvan Ventures Corp. (CSE: TOC) ("Tocvan"). Under the terms of the transaction, Colibri received C$2.0 million at closing and will receive an additional C$1.6 million on or before the first anniversary of closing. Colibri has also retained a 1.0% Net Smelter Return Royalty ("NSR") on the Pilar Gold Project. Tocvan may repurchase the NSR at any time for C$1.0 million. The transaction represents total cash consideration of C$3.6 million while allowing Colibri to retain long-term exposure to the Pilar Gold Project through the retained royalty. The transaction materially improves the Company's financial position and positions Colibri to focus on advancing its wholly-owned EP Gold Project while continuing to evaluate additional growth opportunities in Sonora, Mexico. Ian McGavney, President and Chief Executive Officer of Colibri, commented: "The successful completion of this transaction marks an important milestone for Colibri. We believe the transaction delivers significant value to our shareholders through the non-dilutive monetization of our interest in the Pilar Gold Project while retaining long-term upside through the retained royalty. The proceeds materially strengthen our financial position and provide the flexibility to advance our wholly-owned EP Gold Project while continuing to evaluate additional value-enhancing opportunities in Sonora.” The Company intends to use the proceeds from the transaction to strengthen its balance sheet, provide additional working capital, advance exploration at its wholly-owned EP Gold Project and evaluate additional strategic opportunities in Sonora, Mexico. Following completion of the transaction, the Company's principal exploration focus will be its 100%-owned EP Gold Project. In addition, the Company will continue to evaluate opportunities to enhance value across its remaining project portfolio while pursuing strategic opportunities consistent with its long-term growth strategy. The transaction remains subject to final acceptance of the TSX Venture Exchange.
NEWS RELEASE - Dieppe, New Brunswick – July 9, 2026 – Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that it has entered into a definitive Arm's Length purchase and sale agreement, dated July 8th, 2026 with Tocvan Ventures Corp. (CSE: TOC) ("Tocvan"), pursuant to which Tocvan has agreed to acquire Colibri's remaining 49% interest in the Pilar Gold & Silver Project ("Pilar") located in Sonora, Mexico. The transaction is expected to significantly strengthen Colibri's financial position while allowing shareholders to retain long-term exposure to the Pilar Project through the retained 1% Net Smelter Return ("NSR") royalty. The proceeds are expected to provide the Company with increased financial flexibility to advance its wholly owned EP Gold Project and broader exploration portfolio in Sonora, while continuing to evaluate additional exploration and development opportunities to enhance shareholder value. Under the terms of the agreement, Colibri will receive total cash consideration of C$3.6 million comprised of: • C$2.0 million payable upon closing; and • C$1.6 million payable twelve (12) months following closing. In addition, Colibri will retain a 1.0% Net Smelter Return ("NSR") royalty on the Pilar Project. Tocvan will retain the right to repurchase the NSR for a one-time cash payment of C$1.0 million. Closing of the transaction remains subject to customary closing conditions, including completion of the required Mexican transfer documentation and TSX Venture Exchange approval. The parties currently anticipate closing the transaction shortly following satisfaction of the closing conditions. No finder's fees are payable in connection with the transaction. Ian McGavney, President, CEO and Director of Colibri, stated: "We believe this transaction represents a compelling outcome for Colibri shareholders. The agreement unlocks significant value from our minority interest in Pilar, substantially strengthens the Company's financial position without shareholder dilution, while allowing Colibri shareholders to maintain long-term exposure to Pilar through the retained royalty interest. Most importantly, the transaction allows Colibri to focus its financial and technical resources on advancing its wholly owned EP Gold Project and broader exploration portfolio in Sonora while maintaining long-term exposure to Pilar through the retained royalty. We believe this creates a strong foundation for the Company's next phase of growth." About the EP Gold Project Colibri’s wholly owned EP Gold Project hosts multiple high-priority target areas across a broader district scale land package, several of which have already returned encouraging drill results supporting the Company’s belief that the project has the potential host one or more significant gold zones, while numerous additional targets remain. Recent drilling previously reported by the Company at the Plomo Claims within the EP Gold Project returned several notable near-surface gold intercepts including: • 7.5 metres grading 2.92 g/t gold from 6 metres, including 1.5 metres grading 9.95 g/t gold; • 30.0 metres grading 0.73 g/t gold from 3 metres, including 1.5 metres grading 7.51 g/t gold; • 30.0 metres grading 0.45 g/t gold from surface, including 6.0 metres grading 1.16 g/t gold; and • 19.5 metres grading 0.44 g/t gold from 3 metres, including 4.5 metres grading 1.29 g/t gold. The Company recently reported gold mineralization intersected in 18 of 22 holes completed during its Phase 1 drill program across the San Perfecto and Banco de Oro target areas at EP, supporting the interpretation of a broad mineralized structural corridor extending across the property. For more details, please refer to the Company's news release dated March 13, 2026. The EP Gold Project is strategically situated within the Caborca Gold Belt of Sonora, Mexico and lies within and adjacent to extensive regional concession holdings of Fresnillo plc. The EP Gold Project is located approximately 25 kilometres east of Fresnillo's La Herradura Mine, 8 kilometres from the Noche Buena Mine and approximately 17 kilometres north of Fresnillo's Tajitos gold deposit. Regional information is provided for context only and there can be no assurance that mineralization, geological characteristics or economic results observed on nearby properties are indicative of mineralization on the EP Gold Project. The technical information contained in this news release has been reviewed and approved by Jamie Lavigne, P.Geo., an independent Qualified Person as defined by National Instrument 43-101. The locations of Fresnillo's Caborca Belt gold assets are based on information available on Fresnillo plc's website.
NEWS RELEASE - DIEPPE, N.B., March 13, 2026 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to report assay results from its maiden Phase 1 reconnaissance reverse circulation (“RC”) drill program completed at the Plomo claims within the Company’s 100% owned EP Gold Project located in the prolific Caborca Gold Belt of Sonora, Mexico, a region that hosts several significant gold deposits and mining operations including La Herradura and Noche Buena, which are operated by Fresnillo plc. The Phase 1 program comprised 22 RC drill holes completed across the San Perfecto (20 holes) and Banco de Oro (2 holes) targets within the Plomo claim block, along with one RC drill hole completed at the West Sahuaro target located within the Evelyn claim block of the EP Gold Project. The program represents the first modern drill testing of multiple targets identified through geological mapping, geophysical interpretation and surface sampling across the Plomo claims. Highlights 7.5 m grading 2.92 g/t Au from 6 m, including 1.5 m grading 9.95 g/t Au (PL26-017) 30.0 m grading 0.73 g/t Au from 3 m, including 1.5 m grading 7.51 g/t Au (PL26-015) 30.0 m grading 0.45 g/t Au from surface, including 6 m grading 1.16 g/t Au (PL25-011) 19.5 m grading 0.44 g/t Au from 3 m, including 4.5 m grading 1.29 g/t Au (PL25-004) 1.5 m grading 12.55 g/t Au from surface (PL25-005) Gold mineralization intersected in 18 of 22 holes drilled in the Phase 1 program Gold mineralization intersected across an interpreted ~1.2 km mineralized structural corridor at the San Perfecto target Ian McGavney, President and CEO of Colibri Resource Corporation, commented : “We are extremely pleased with the results from our maiden drill program at the Plomo claims. Intersecting gold mineralization in 18 of 22 holes, including 7.5 metres grading 2.92 g/t gold and 30.0 metres grading 0.73 g/t gold from near surface, represents a strong start and provides compelling evidence of a broad mineralized system along the San Perfecto corridor. In addition, the results from Banco de Oro, where drilling intersected 30 metres grading 0.45 g/t gold including higher-grade intervals, further demonstrate the potential for multiple mineralized zones within the Plomo claim block. Together with the encouraging results from West Sahuaro, these results continue to strengthen our belief that the EP Gold Project hosts one or more significant gold system within the Caborca Gold Belt.” Table 1 – Significant Gold Intercepts – Plomo (0.10 g/t Au cutoff, maximum 3 m internal dilution; intervals are downhole lengths)
NEWS RELEASE - DIEPPE, N.B., January 15, 2026 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce that it has resumed reverse circulation (“RC”) drilling in the Plomo area of its 100%-owned EP Gold Project in Sonora, Mexico. The current phase of work is designed to systematically evaluate priority structures and targets identified within the Plomo area, which has seen limited historical drilling, using a disciplined, first-pass exploration approach. Prior to the year-end break, the Company completed an initial phase of drilling at the San Perfecto and Banco de Oro targets consisting of eleven (11) RC drill holes totaling approximately 906 metres, with samples submitted for assay in December. The resumed program continues the first-pass evaluation of the San Perfecto target, while expanding testing to additional priority targets identified within the Plomo area. The Company plans to complete an additional six (6) to ten (10) RC drill holes as part of this phase of work. The Plomo area hosts multiple exploration targets within the broader EP Gold Project and has experienced minimal historical drilling. Colibri’s ongoing work at Plomo is part of a systematic, staged exploration strategy aimed at evaluating multiple targets across the area through a reverse circulation (RC) drilling program at the EP Gold Project. Samples from the Company’s December drilling campaign are currently at the laboratory. Based on current laboratory guidance, the Company anticipates that assay results from these initial drill holes may begin to be received in early February, subject to laboratory turnaround times. Results will be reported once received, compiled, and reviewed. “This phase of work represents a disciplined continuation of our first-pass exploration strategy at Plomo,” said Ian McGavney, President & CEO of Colibri Resource Corporation. “Our focus remains on systematically evaluating priority targets through careful execution and data collection, while maintaining operational momentum as we await results from the initial drill program.”
NEWS RELEASE - DIEPPE, N.B., December 17, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to provide an update on its ongoing reverse circulation (“RC”) drilling program at the San Perfecto target within the Company’s 100%-owned EP Gold Project, located in the Caborca Gold Belt, Sonora, Mexico. Since mobilization, the Company has completed eleven (11) RC drill holes totaling approximately 906 metres at the San Perfecto and Banco de Oro targets. Drilling is continuing as planned, with crews focused on systematically advancing the current phase of the program. Samples from completed drill holes are currently being prepared for submission to an independent laboratory. Subject to laboratory turnaround times, initial assay results from the first holes are anticipated in January. Regional Mining Activity The State of Sonora hosts a concentration of producing and advanced-stage gold projects operated by several established precious metals companies. Mining and development activities in Sonora include projects operated by Fresnillo plc (La Herradura and Noche Buena mines), Alamos Gold (Mulatos Mine and Mulatos District), Agnico Eagle Mines (La India Project), Osisko Development (San Antonio Project), Minera Alamos (Santana Mine and Cerro de Oro Project), and Aztec Minerals (Cervantes Project), among others. These projects are cited for regional context only and illustrate Sonora’s long-standing role as one of Mexico’s most active and infrastructure-supported mining jurisdictions. San Perfecto Target – Drilling Progress The San Perfecto target represents one of several priority exploration areas identified within the EP Gold Project. Current drilling activities are focused on methodically advancing the target area while maintaining steady operational momentum early in the program.
Strategically Located Within and Adjacent to Fresnillo Plc Concessions
NEWS RELEASE - DIEPPE, N.B., November 7, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce that, further to its news release of November 3, 2025, it has closed a second tranche (“Tranche 2”) of its non-brokered private placement (the “Offering”) for gross proceeds of $140,980. In connection with closing of Tranche 2 of the Offering, Colibri has issued 939,867 units (“Units”) at a price of $0.15 per Unit. Each Unit is comprised of one (1) common share (a “Common Share”) and one (1) common share purchase warrant (“Warrants”) of the Company. Each Warrant entitles the holder to acquire one additional Common Share of the Company at a price of C$0.25 for a period of 24 months following issuance. No finder's fees or commissions will be paid in relation to Tranche 2 of the Offering. Combined with Tranche 1, which closed on October 31, 2025, the Company has raised gross proceeds of $1,491,702. Net proceeds will be used to fund the exploration at Colibri’s flagship Mexican gold projects, including Pilar and EP, and for general working capital. The Common Shares and Warrants are subject to a statutory hold period expiring on the date that is four months and one day after closing. Completion of the Offering remains subject to final acceptance of the TSX Venture Exchange. ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
NEWS RELEASE - DIEPPE, N.B., November 7, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce that, further to its news release of November 3, 2025, it has closed a second tranche (“Tranche 2”) of its non-brokered private placement (the “Offering”) for gross proceeds of $140,980. In connection with closing of Tranche 2 of the Offering, Colibri has issued 939,867 units (“Units”) at a price of $0.15 per Unit. Each Unit is comprised of one (1) common share (a “Common Share”) and one (1) common share purchase warrant (“Warrants”) of the Company. Each Warrant entitles the holder to acquire one additional Common Share of the Company at a price of C$0.25 for a period of 24 months following issuance. No finder's fees or commissions will be paid in relation to Tranche 2 of the Offering. Combined with Tranche 1, which closed on October 31, 2025, the Company has raised gross proceeds of $1,491,702. Net proceeds will be used to fund the exploration at Colibri’s flagship Mexican gold projects, including Pilar and EP, and for general working capital. The Common Shares and Warrants are subject to a statutory hold period expiring on the date that is four months and one day after closing. Completion of the Offering remains subject to final acceptance of the TSX Venture Exchange. ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE US. SECURITIES ACT OF 1933 (THE “1933 ACT”) AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
NEWS RELEASE - DIEPPE, N.B., November 3, 2025 -- (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that, further to its news release of October 28, 2025, it has closed, subject to final TSX Venture Exchange (the “Exchange”) acceptance, a first tranche of its previously announced non-brokered private placement of units (the “Offering”) for aggregate gross proceeds of $1,350,722. Colibri has issued 9,004,816 units (“Units”) at a price of $0.15 per Unit. Each Unit consists of one (1) common share and one (1) common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.25 for a period of 24 months following issuance. The Common Shares and Warrants are subject to a statutory hold period expiring four months and one day after closing. In connection with the closing of this tranche, the Company has agreed to pay finder’s fees totaling $71,504 and issue 476,693 Finder’s Warrants, each exercisable to acquire one common share at $0.25 for 24 months, all subject to final Exchange acceptance. Mr. Ian McGavney, Director and CEO, purchased 269,000 Units for proceeds of $40,350. His participation constitutes a related party transaction under Multilateral Instrument 61-101 but is exempt under subsections 5.5(a) and 5.7(a) as the value does not exceed 25% of the Company’s market capitalization. Net proceeds will be used to advance exploration at Colibri’s flagship Mexican gold projects, including Pilar and EP, and for general working capital. The Company anticipates completing a second tranche of the Offering in the coming days. Colibri Retains CANMEX for Upcoming EP Gold Program The Company is also pleased to announce that it has engaged CANMEX Perforaciones y Servicios SA de CV (“CANMEX”) to conduct its next phase of drilling at the EP Gold Project, located in Sonora, Mexico. The upcoming program will focus primarily on the San Perfecto and Banco de Oro target areas—marking the first drilling by Colibri in these highly prospective zones. Drill targets have been defined through the integration of surface sampling, geological mapping, and geophysical surveys. The work has outlined multiple areas of coincident structural and geochemical signatures believed to represent extensions of known mineralized systems. The EP Gold Project lies within the prolific Caborca Gold Belt, host to numerous multi-million-ounce deposits and producing mines. “With gold prices at all-time highs and strong investor interest in quality exploration stories, we’re excited to be advancing the EP Gold Project with a fully funded program,” said Ian McGavney, President & CEO of Colibri. “We’re very pleased to be working with CANMEX, a proven operator in Sonora, as we look to build on the promising results already achieved at EP.”
