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.”
About Colibri Resource Corporation
Colibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (TSX-V: CBI) and focused on acquiring, exploring, and developing prospective gold and silver properties in Mexico. The Company holds four high-potential precious-metal projects: (1) 100% ownership of the EP Gold Project in the prolific Caborca Gold Belt, (2) 49% of the Pilar Gold & Silver Project (near-term production potential), and (3) a 60% interest in the Diamante Gold & Silver Project in the Sierra Madre region.
For more information about all Company projects please visit:
www.colibriresource.com.
ON BEHALF OF THE BOARD
Ian McGavney
President, CEO and Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.com
Notice Regarding Forward-Looking Statements
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain “forward-looking statements”. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company’s financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
Neither 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.
