NEWS RELEASE

Colibri Lists Common Shares On Frankfurt Stock Exchange

June 3, 2024

NEWS RELEASE - Dieppe, NB. June 3rd, 2024 - Colibri Resource Corporation (TSXV: CBI) (the "Colibri" or "the Company") is pleased to announce the listing of the Company's common shares on the Frankfurt Stock Exchange (the "FSE") under the trading symbol "2CO1".


The Company intends to introduce European investors to its high potential precious metals exploration projects which includes the 49% owned Pilar Gold & Silver Project, and its 100% owned EP Gold Project.


The FSE is one of the world's largest international trading centers (behind only the NASDAQ and NYSE) organized exchange-trading market in terms of turnover and dealings in securities. The electronic trading platform of the FSE, XETRA, has made it the world's second largest fully electronic cash market responsible for approximately 90 percent of all securities traded in Germany with direct linkage to all other major European financial hubs.


Pilar Drilling Update


The Pilar Gold & Silver Project is still presently being drill tested (Phase IV Drilling) by the 51% majority owners Tocvan Ventures (Colibri owns 49%) . To date, over 2,200 metres have been completed in 20 drillholes. Results for nine drillholes have been release to date. Two holes returned the best to date results outside of the Main Zone trend, returning 56.4 metres of 1.0 g/t Au and 42.7 metres of 1.0 g/t Au from the 4-T and North Hill trends respectively. Both intersects were encountered near surface and are considered significant step outs (over 300 metres). Results for six drillholes are pending analysis and release. Samples for ongoing holes are delivered to the laboratory for geochemical analysis on a weekly basis.


The recent highlighted results open Pilar’s deposit expansion opportunities. A NI 43-101 complaint resource estimate, which will incorporate results from the current drill program and historical drilling programs, is expected to be completed for Pilar in Q4 2024.


To review the results of the Phase IV program to date please refer to the News Release tab on our website.


Mezquite Project


The Company has made the decision to return the Mezquite project claim in the Tepoca area of the Sierra Madre to the original vendor and cancelling the corresponding long term convertible debt. By returning the project to the vendor, Colibri will significantly reduce its long-term liabilities.


Colibri will continue to hold its interests in the very promising Diamante and Jackie projects, which lie in the prolific Sierra Madre Occidental of Sonora.


About Colibri Resource Corporation:


Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring, exploring, and developing prospective gold & silver properties in Mexico. The Company holds four high potential precious metal projects: 1) 100% of EP Gold Project in the significant Caborca Gold Belt which has delivered highly encouraging exploration results and is surround by Mexico’s second largest major producer of gold on four sides, 2) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, and 3) two highly prospective interests in the Sierra Madre (Diamante Gold & Silver Project and Jackie Gold & Silver Project).


For more information about all Company projects please visit: www.colibriresource.com.


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.


Notice Regarding Forward-Looking Statements:


This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.


For information contact: Ian McGavney, President, CEO and Director, Tel: (506) 383-4274, ianmcgavney@colibriresource.com

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Colibri Resource Corporation Advances Growth Strategy to Unlock Value at EP Gold Project and Pilar Joint Venture

September 16, 2025
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Colibri Congratulates JV Partner on Test Mine Permit; Pilar Positioned as Near-Term Bulk Sample Opportunity

August 19, 2025
NEWS RELEASE - DIEPPE, N.B., August 19, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) congratulates its joint venture partner, Tocvan Ventures Corp. (“Tocvan”), on receiving permit approval for a 50,000-tonne pilot mine facility in Sonora, Mexico (announced August 14, 2025). Located in close proximity to the Pilar Gold & Silver Project (“Pilar”), a 49% Colibri – 51% Tocvan joint venture, the facility presents an excellent opportunity to consider processing a bulk sample at a time when gold prices remain near record highs. The permitted facility will be located in very close proximity to the “Pilar Gold & Silver Project “(“Pilar”), a 49% Colibri – 51% Tocvan joint venture. Although no plans have been finalized regarding the use of the facility for Pilar material, its location and scale present a highly compelling opportunity for the partners to consider processing a bulk sample from Pilar in an efficient, cost-effective manner. Pilar is particularly well suited for this purpose: a 1,400‑tonne bulk sample completed in 2023 returned an average head grade of 1.9 g/t Au with recoveries of approximately 62% using simple heap leach methods. Combined with extensive drilling and surface work, sufficient material could be sourced quickly—making Pilar an immediately available, high‑quality feed source for the newly permitted facility at a time when gold prices remain near historical highs. “With a permitted processing facility now secured nearby, Pilar stands out as a ready and logical candidate for a larger bulk sample program,” said Ian McGavney, President & CEO of Colibri. “With a prior bulk sample already delivering an average grade of 1.9 g/t Au and demonstrating recoveries above 60%, and with significant amounts of mineralized material already identified to move quickly, Pilar is clearly positioned for near-term evaluation. Advancing Pilar in this way would be highly advantageous to both Colibri and Tocvan shareholders, particularly with gold trading near all-time highs.” Previously Released Drill Highlights at Pilar (Colibri/Tocvan JV licenses): 2025 Diamond Drilling (all lengths are drilled thicknesses): 83.5 m at 1.3 g/t Au from surface, including 10.3 g/t over 9.7 m 64.9 m at 1.2 g/t Au, including 3.0 m at 21.6 g/t Au and 209 g/t Ag — first high-grade intercept along the North Hill trend 116.9 m at 1.2 g/t Au, including 10.2 m at 12.0 g/t Au and 23 g/t Ag 2024 RC Drilling (all lengths are drilled thicknesses): 42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au 56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au 16.8m @ 0.8 g/t Au and 19 g/t Ag 2022 Phase III Diamond Drilling (all lengths are drilled thicknesses): 116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag 108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag 63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag 2021 Phase II RC Drilling (all lengths are drilled thicknesses): 39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au 47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag 29m @ 0.7 g/t Au 35.1m @ 0.7 g/t Au 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses): 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag; 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ; 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag 15,000m of Historic Core & RC drilling (all lengths are drilled thicknesses): 61.0m @ 0.8 g/t Au 21.0m @ 38.3 g/t Au and 38 g/t Ag 13.0m @ 9.6 g/t Au 9.0m @ 10.2 g/t Au and 46 g/t Ag Pilar Bulk Sample Summary : 62% Recovery of Gold Achieved Over 46-day Leaching Period Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag Bulk Sample Only Included Coarse Fraction of Material (+3/4” to +1/8”) Fine Fraction (-1/8”) Indicates Rapid Recovery with Agitated Leach Agitated Bottle Roll Test Returned Rapid and High Recovery Results : 80% Recovery of Gold and 94% Recovery of Silver after Rapid 24-hour Retention Time Additional Metallurgical Studies: Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned 95 to 99% Recovery of Gold 73 to 97% Recovery of Silver Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth

Colibri Resource Corporation Announces Director Change

August 18, 2025
NEWS RELEASE - DIEPPE, N.B., August 18, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) today announces that Jamie Lavigne, P. Geo, has resigned from his position as Director of the Company, effective immediately. The Board extends its sincere gratitude to Mr. Lavigne for his dedicated service and valuable contributions to Colibri over the years. His technical expertise and commitment have been invaluable, and his insights as both a Director and Qualified Person under NI 43-101 have been instrumental to advancing Colibri’s strategic initiatives. We wish Jamie all the best in his future endeavors and thank him for his leadership and professionalism. The Company is pleased to announce the appointment of Mark Smethurst, P. Geo, MSc, CFA-Level III Candidate, to the Board of Directors, effective immediately. Mr. Smethurst brings over 25 years of extensive experience in exploration and development within the mining industry. Currently serving as Director, Technical Manager, and Geology Consultant at Canadian Gold Resources Ltd., he is a Qualified Person under NI 43-101 standards and contributes both deep geological insight and technical leadership. Prior to his role at Canadian Gold Resources, Mr. Smethurst held several senior leadership positions across the sector, including: Director and Manager – Technical & Geology Consultant, Canadian Gold Resources Ltd. (since 2024) Director, Newpath Resources Inc. (2021–2022) Chief Operating Officer, Tocvan Ventures Corp. (2020–2021) Vice President Exploration, Rockcliff Resources Inc. Senior Geologist, Hercules Metals Corp. Mr. Smethurst holds a B.Sc. in Geology from the University of Toronto and an M.Sc. in Geophysics & Geology from the University of Windsor. He is also pursuing his CFA designation and has paused his Level 3 studies to focus on helping to build companies and continuing to make gold-silver discoveries. Mr. Smethurst is recognized as a Qualified Person under NI 43-101. “We are delighted to welcome Mark Smethurst to our Board,” said Ian McGavney, President & CEO of Colibri. “Mark’s wide-ranging experience—from technical leadership to corporate governance—will be a significant asset as we continue to advance exploration at EP Gold, Pilar, and Diamante.” McGavney added, “I have greatly enjoyed working closely with Jamie Lavigne over the years and sincerely appreciate his friendship and his contributions to Colibri.”
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