NEWS RELEASE

Colibri Resource Corporation Announces Results of Annual General Meeting

June 17, 2025

NEWS RELEASE - DIEPPE, N.B., June 17, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce the results of its Annual General Meeting (“AGM”) of shareholders held on June 13, 2025.


A total of 9,451,871 common shares were represented in person or by proxy at the meeting, representing approximately 8.19% of the Company’s issued and outstanding shares as of the record date. Shareholders voted in strong support of all resolutions, each of which was approved with 99.88% of the votes cast.


Election of Directors

The following individuals were elected as directors of the Company until the next annual general meeting or until their successors are duly elected or appointed:

Appointment of Auditors

Shareholders approved the appointment of Kreston GTA LLP as the Company’s auditors for the ensuing year and authorized the board of directors to fix their remuneration:

  • Votes For: 8,441,870 (99.88%)
  • Votes Withheld: 10,000 (0.12%)


Approval of Stock Option Plan

Shareholders also re-approved the Company’s 10% rolling stock option plan, as required annually by TSX Venture Exchange policy:

  • Votes For: 8,441,870 (99.88%)
  • Votes Against: 10,000 (0.12%)


The Company thanks its shareholders for their continued support and confidence. Colibri remains committed to advancing its gold exploration portfolio in Sonora, Mexico, with a focus on the Pilar Gold & Silver joint venture and the EP Gold Project Project.

About Colibri Resource Corporation


Colibri Resource Corporation is a Canadian-based junior gold and silver exploration company focused on high-potential projects in Sonora, Mexico. The Company holds interests in:

  • The Pilar Gold & Silver Project, a joint venture with Tocvan Ventures in which Colibri owns 49%. Pilar hosts a shallow oxide gold system where surface trenching, bulk sampling, and preliminary metallurgy support near-term development potential.
  • The EP Gold Project, 100%-owned and located 25 km east of Mexico’s largest open-pit gold mine, La Herradura. Drilling, surface sampling, geophysical study and mapping have identified multiple structural targets with strong geochemical anomalies.
  • The Diamante Project, now 60%-owned through full ownership of Yaque Minerales. Diamante hosts extensive gold-silver and base metal epithermal systems across multiple mineralized corridors.


For information contact:


Ian McGavney

President, CEO and Director


Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com


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.


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.

Share This.

Related news releases.

Colibri Resource Corporation Announces Grant of Stock Options and Corporate Update

August 31, 2026
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.

Colibri Completes Sale of 49% Interest in Pilar for C$3.6 Million Plus 1% NSR

August 27, 2026
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.

Colibri Announces Definitive Agreement to Sell Remaining 49% Interest in Pilar for C$3.6 Million While Retaining 1% NSR

July 9, 2026
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.
ALL NEWS RELEASES