colibri-resource

Colibri Intersects 7.5 m of 2.92 g/t Gold and 30 m of 0.73 g/t Gold from Surface in Maiden Drill Program at the Plomo Claims, EP Gold Project, Sonora, Mexico

Fri, 13 Mar 2026 05:06:23 GMT

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)

Figure 1 : Phase 1 RC Drill Hole Locations – San Perfecto Target, Plomo Claims

San Perfecto Target - Phase 1 RC Drill Program, Plomo Claims

The Phase 1 RC drill program at the Plomo claims focused primarily on the San Perfecto target, where geological mapping and geophysical interpretation identified a prospective structural corridor extending approximately 1.2 kilometres across the claim block.

Several mineralized intervals occur within the first 25 metres of drilling in multiple holes, indicating the presence of a shallow gold-bearing zone within the San Perfecto structural corridor.

Gold mineralization intersected during drilling is typically associated with quartz veining, silica flooding and sericite alteration accompanied by disseminated pyrite, with locally anomalous copper values observed in several holes. This alteration assemblage is consistent with an intrusion-related hydrothermal system.

The San Perfecto structural corridor runs broadly parallel to historical placer gold workings extending approximately 1.7 kilometres across the Plomo claims. The presence of these historical placer workings, combined with the bedrock gold mineralization intersected in drilling, supports the interpretation that the corridor may represent a primary bedrock source of placer gold historically recovered in the area.

Gold values exceeding the Company’s reporting cutoff of 0.10 g/t Au were encountered in 16 of the 20 holes drilled at the San Perfecto target, demonstrating widespread gold mineralization along the San Perfecto structural corridor.

The widespread distribution of anomalous gold values and the shallow nature of several intercepts suggest that systematic follow-up drilling will be required to evaluate the potential continuity of mineralization along the San Perfecto corridor.

Next Steps

The Company is currently evaluating follow-up drill programs designed to test the continuity of mineralization along the San Perfecto corridor and to further evaluate the potential for near-surface mineralization identified in several drill holes. The Company believes the results of the Phase 1 program demonstrate the effectiveness of the exploration model and provide a strong foundation for systematic follow-up drilling along the San Perfecto structural corridor.

Banco de Oro Target

Two holes were drilled at the Banco de Oro target, located approximately 1.3 kilometres south of the center of the San Perfecto mineralized corridor within the Plomo claim block. Both holes intersected significant gold mineralization, including:

30.0 m grading 0.45 g/t Au from surface, including 6.0 m grading 1.16 g/t Au and 1.5 m grading 2.15 g/t Au (PL25-011)
7.5 m grading 0.46 g/t Au from 3.0 m (PL25-012)

The Banco de Oro target hosts historical underground mine workings where high-grade gold mineralization has been documented, including reported sampling of 298 g/t Au over a length of approximately 2.4 metres from exposed mineralized material within the workings. Additional high-grade grab samples have also been collected from surface exposures across the target area along a mineralized trend interpreted to extend for up to approximately 800 metres.

Drilling completed during the current program was oriented eastward to test the interpreted extension of the mineralized structure associated with the historical workings. The Company is encouraged by the higher-grade intervals intersected and by the consistency in the widths of mineralized intervals observed in the holes drilled to date. Together with the presence of historical workings and high-grade surface sampling, these results highlight Banco de Oro as a compelling exploration target within the broader Plomo claim block and provide a strong foundation for follow-up drilling.

The Company plans to follow up these encouraging results with step-out drilling designed to test the potential extension of mineralization along the Banco de Oro trend. Company geologists will continue to evaluate and model the results from the current program to guide future drilling along this prospective structural zone.

West Sahuaro Target – Evelyn Claim Block

Drill hole EVE26-203 was completed to test the interpreted northwest-trending structural corridor at the West Sahuaro target using a drill orientation of approximately 240°. The hole intersected multiple broad intervals of anomalous gold mineralization hosted within altered and fractured rhyolite, confirming the presence of stacked mineralized panels associated with the structural corridor. The hole was drilled to a total depth of 177 metres and terminated in anomalous gold mineralization, indicating that the system remains open at depth.

Gold mineralization in EVE26-203 occurs within zones of silicification, sericite alteration, fracturing and local quartz veining, consistent with the structural model previously outlined by the Company. The mineralized intervals occur within a series of sub-parallel, low-angle mineralized panels extending over a vertical interval exceeding 100 metres, which are interpreted to be controlled by a northwest-trending fault or shear corridor. This stacked mineralization style is consistent with mineralization intersected in the Company’s earlier drilling at West Sahuaro.

A six-hole drill program completed in 2023 (holes EVE23-196 through EVE23-201) intersected broad intervals of gold mineralization hosted within the same altered rhyolite sequence. Previously reported results from that program included 23 metres grading 0.35 g/t Au in hole EVE23-196 and 66 metres grading 0.27 g/t Au in hole EVE23-198, including higher-grade intervals of 5 metres grading 0.77 g/t Au and 6 metres grading 0.75 g/t Au, respectively. Together, these results outlined a mineralized zone interpreted to consist of stacked gold-bearing panels associated with the northwest-trending structural corridor.

The results from EVE26-203 further strengthen this interpretation and demonstrate that the mineralized system continues along the structural trend . Geophysical interpretation suggests that the Plomo–Evelyn structural corridor extends for more than five kilometres across the Evelyn and Plomo claim blocks, representing a significant district-scale exploration target that remains open along strike and at depth. Holes EVE23-198 and EVE26-203 are located approximately 140 metres south of the northern claim boundary of the Evelyn Project, which adjoins mineral concessions held by Fresnillo plc., one of Mexico’s largest gold producers, and further highlights the prospectivity of this portion of the Caborca Gold Belt.

The Company plans to follow up these encouraging results with additional drilling designed to test the continuity of the stacked mineralized panels along the interpreted structural corridor. Ongoing geological interpretation and modelling will help guide future drilling to evaluate the extension of this mineralized system along strike and at depth.

Table 2 – Selected Composite Results – EVE26-203 (West Sahuaro)

(0.10 g/t Au cutoff, maximum 3 m internal dilution; intervals are downhole lengths)

Figure 2 : West Sahuaro Target Drill Hole Locations – Evelyn Claim Block

Sampling and QA/QC

RC drill samples were collected at 1.5 m intervals and transported in sealed bags to the Company’s secure facility in Caborca, Sonora, where they were subsequently collected by ALS Limited and delivered to the ALS preparation laboratory. Gold analyses were completed by ALS Laboratories using standard fire assay methods with atomic absorption finish.

Qualified Person

The technical information contained in this news release has been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has been reviewed and approved by Jamie Lavigne, P.Geo., an independent Qualified Person as defined by NI 43-101.

About Colibri Resource Corporation

Colibri Resource Corporation (TSXV: CBI) is a Canadian junior mining company engaged in the acquisition, exploration, and development of precious metal properties in Sonora, Mexico. Colibri holds a 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold & Silver Project with partner Tocvan Ventures (CSE:TOC), and an additional 60% interest in highly prospective claims at the Diamante Gold & Silver Project.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially.

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.

Colibri Resource Advances First-Pass Drill Program at San Perfecto and Priority Targets, EP Gold Project, Sonora, Mexico, Within a Region Hosting Projects Operated by Fresnillo Plc, Agnico Eagle, Osis

Thu, 15 Jan 2026 16:17:57 GMT

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.”

About Colibri Resource Corporation

Colibri Resource Corporation (TSXV: CBI) is a Canadian junior mining company engaged in the acquisition, exploration, and development of precious metal properties, with a focus on gold exploration in Sonora, Mexico. Colibri holds a 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold & Silver Project, and a 60% interest in the Diamante Project.

Qualified Person

The technical and scientific information contained in this news release has been reviewed and approved by Jamie Lavigne, P.Geo., an independent Qualified Person as defined in National Instrument 43-101.

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

This news release may contain forward-looking statements. Although Colibri believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as “plan,” “expect,” “anticipate,” “intend,” “believe,” or variations of such words, and include statements with respect to the potential of the EP Gold Project. Forward-looking statements are subject to risks, uncertainties and assumptions, and actual results could differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.

Colibri Resource Reports Drilling Progress at the San Perfecto Target, EP Gold Project, Sonora, Mexico, Within a Region Hosting Projects Operated by Fresnillo Plc, Agnico Eagle, Osisko Development, Mi

Wed, 17 Dec 2025 15:13:12 GMT

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.

Prime Positioning in a Major Mining District

The EP Gold Project is strategically situated within the Caborca Gold Belt, one of Mexico’s most prolific gold-bearing regions, and lies within and adjacent to the extensive concession holdings of Fresnillo plc, the world’s largest primary silver producer and Mexico’s leading gold producer. (The Qualified Person does not have direct knowledge of mineralization on the adjacent ground, and it is not necessarily indicative of mineralization on the EP Property.)

Strategic District-Scale Positioning

The EP Gold Project lies within a highly active portion of the Caborca Gold Belt where Fresnillo plc has assembled an extensive regional land position in excess of 200,000 hectares. Colibri’s EP Gold Project is located approximately 25 kilometres east of Fresnillo’s La Herradura Mine, 8 kilometres from the former Noche Buena Mine, and approximately 17 kilometres north of Fresnillo’s Tajitos gold deposit, which is currently advancing through a preliminary economic assessment.

Regional Mining Environment

Sonora is Mexico’s leading gold-producing state and one of its most historically significant mining jurisdictions, with more than four centuries of gold and silver production. The Caborca Gold Belt is recognized for its robust mineral endowment, long mining history, and well-developed infrastructure that continues to support active exploration and development programs.

Mining and Permitting Environment

Mexico has a long-established mining industry and remains an important jurisdiction for precious metals exploration and development. In recent months, federal authorities have publicly indicated efforts to improve the efficiency of mining-related permitting processes and to address existing application backlogs, recognizing mining as a strategic industry within the national economy. Public disclosures by several companies operating in Mexico, including Silver Tiger Metals and Heliostar Metals, have demonstrated that permitting and project advancement continue to occur within established regulatory frameworks, particularly in active mining jurisdictions such as Sonora.

Management Commentary

“The drilling program at San Perfecto is moving forward as planned, and our focus remains on building a strong geological dataset as the program progresses,” said Ian McGavney, President & CEO of Colibri Resource Corporation. “We will continue to provide updates as work advances.”

Qualified Person

Jamie Lavigne, P. Geo, an independent Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

About Colibri Resource Corporation

Colibri Resource Corporation (TSXV: CBI) is a Canadian junior mining company engaged in the acquisition, exploration, and development of precious metal properties in Sonora, Mexico. Colibri holds a 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold & Silver Project, and additional interests in highly prospective claims at Diamante.

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

Colibri Resource Commences Drilling at EP Gold Project, Sonora, Mexico

Mon, 08 Dec 2025 22:20:30 GMT

Strategically Located Within and Adjacent to Fresnillo Plc Concessions

NEWS RELEASE - DIEPPE, N.B., December 8, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce that drilling has commenced at its flagship EP Gold Project , a 4,766-hectare land package strategically located in the Caborca Gold Belt , Sonora, Mexico. A reverse circulation ("RC") drill rig is now on site, crews have been mobilized, and the first holes are now being drilled—marking the beginning of a new phase of exploration for the Company.

Prime Positioning in a Major Mining District

The EP Gold Project is strategically situated within and adjacent to the extensive concession holdings of Fresnillo plc —the world's largest primary silver producer and Mexico's leading gold producer. Fresnillo's dominant land position in the district underscores the significance of the region and highlights the favourable geological setting in which Colibri operates.

About the Caborca Region

Sonora is one of Mexico's most productive and historically significant mining jurisdictions, with more than four centuries of continuous gold and silver production. The Caborca Gold Belt, in particular, is recognized for its robust mineral endowment, long mining history, and well-developed infrastructure that supports active exploration and mine development.

Regional Mining Environment

The Caborca Gold Belt hosts several producing mines and advanced exploration projects operated by some of Mexico's largest gold and silver companies such as Fresnillo plc at its La Herradura Mine, as well as established operators such as Southern Copper Corporation and Alamos Gold Inc. , underscoring its significance as an active mining district. This long-established mining ecosystem provides strong logistical advantages, experienced labour, and a comprehensive support network for active exploration programs across the region, including Colibri's ongoing RC drilling campaign. Other public companies with exploration or development activities in the region include Osisko Development Corp. , Minera Alamos Inc. , and Aztec Minerals Corp. , each of which maintains mineral projects within the broader Caborca area, reflecting the presence of ongoing mining and exploration activities in the district.

Management Commentary

“The start of drilling is an important catalyst for the Company as we build exploration momentum across the EP Gold Project,” said Ian McGavney, President & CEO of Colibri Resource Corporation. “With drills turning, we have moved decisively into execution mode. Our team is energized, aligned, and committed to advancing the Project with focus and purpose. We appreciate the continued support of our shareholders and community partners as we enter this exciting chapter.”

About Colibri Resource Corporation

Colibri Resource Corporation (TSXV: CBI) is a Canadian junior mining company engaged in the acquisition, exploration, and development of precious metal properties in Sonora, Mexico. The Company holds a 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold & Silver Project, and additional interests in highly prospective claims at Diamante. Colibri is committed to advancing its portfolio through systematic exploration programs in one of Mexico's most prolific mining districts.

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

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.

Colibri Provides Summary of Over-Subscribed Non-Brokered Private Placement

Fri, 14 Nov 2025 22:26:32 GMT

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.

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 surrounded 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) and an additional 60% interest in the highly prospective claims at Diamante Gold & Silver project. Colibri is committed to advancing its portfolio through systematic exploration programs in one of Mexico’s most prolific mining states.

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

Colibri Announces Closing of Second Tranche of Its Over-subscribed Non-Brokered Offering

Fri, 07 Nov 2025 18:04:58 GMT

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.

About Colibri Resource Corporation

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

Colibri Announces Closing of First Tranche of Its Over-subscribed Non-Brokered Offering and Engages CANMEX for Drilling at EP Gold Project

Mon, 03 Nov 2025 17:22:55 GMT

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.

Colibri Upsizes Fully Subscribed Unit Offering; Will Conduct Closing in Two Tranches

Tue, 28 Oct 2025 03:39:21 GMT

NEWS RELEASE - DIEPPE, N.B., October 28, 2025 -- (CBI: TSX-V) Further to its news release of October 17, 2025, Colibri Resource Corporation (“Colibri” or the “Company”) is very pleased to announce that, due to continued strong investor demand, it has increased the size of its previously announced unit offering (the “Unit Offering”) from 8,333,333 units to 10,000,000 units at a price of $0.15 per unit (a “Unit”) for gross proceeds of approximately $1,500,000. To accommodate the increased interest, the Company will be closing the offering in two tranches with the first tranche expected to close by the end of October and the second tranche by mid-November.

Each Unit is comprised of one (1) common share and one (1) common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share of the Company at a price of C$0.25 for a period of 24 months.

Insiders of the Company may acquire securities in the Unit Offering. Any participation by insiders will constitute a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the securities subscribed for by insiders, nor the consideration paid, is expected to exceed 25% of the Company’s market capitalization.

Securities issued in accordance with the Unit Offering will be subject to a statutory four-month-and-one-day hold period. The Company may pay finder’s fees in accordance with TSX Venture Exchange policies. The Unit Offering is subject to approval by the TSX Venture Exchange.

About Colibri Resource Corporation

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

Colibri Announces Increase in Equity Offering Due to Strong Investor Demand; Progress Toward Selection of Drilling Contractor for EP Gold Project

Thu, 16 Oct 2025 16:04:47 GMT

NEWS RELEASE - DIEPPE, N.B., October 6, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce that it intends to conduct two non-brokered private placements as follows:

An equity offering (the “Equity Offering”) of up to 8,666,666 units (the “Units”) at a price of $0.15 for gross proceeds of up to $1,300,000. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the Warrants ). Each Warrant will entitle the holder to acquire one common share (a “Common Share”) of the Company at a price of C$0.25 per Common Share for a period of 24 months. It is anticipated at this time that, of the gross proceeds, approximately $300,000 will be from former debenture holders of the Company whose instruments came due during August 2025 and will not represent new money to the Company. See the Company’s news release of August 6, 2025.
The Company is also intending to conduct a non-brokered private placement of up to 250 convertible debenture units (the “Debenture Units”) for gross proceeds of up to US$250,000 (the “Debenture Offering”). Each Debenture Unit consists of one (1) US$1,000 principal amount 10% unsecured convertible debenture (the “Debenture”) and 5,300 Warrants. Each Debenture will bear interest at 10% per annum, calculated in US dollars, from the date of issuance, payable in arrears quarterly and upon maturity or redemption. The Debentures will mature on the date that is two (2) years from the date of issuance (the "Maturity Date"). The Debentures are convertible into Common Shares, at the holder's option, at a price C$0.25 per Common Share (the "Conversion Price") at any time prior to the Maturity Date. For purposes of the Conversion Price, the Debentures carry a fixed foreign exchange rate of C$1.30 for each US$1 of principal. All interest accrued on the Debentures will be payable in cash only and there can be no conversion of the Debenture interest into Common Shares of the Company. Each Warrant will entitle the holder to acquire one Common Share at a price of C$0.25 per Common Share for a period of 24 months following the closing of the offering.

A significant portion of the offerings are expected to be acquired by former debenture holders whose loans matured in August 2025 (see the Company’s news release dated August 6, 2025). This will significantly strengthen the Company’s capital structure by converting outstanding obligations into equity-linked securities although this will not represent new money to the Company.

Closing of the foregoing offerings is subject to the acceptance of the TSX Venture Exchange (the “Exchange”). Common Shares issuable will be subject to a statutory hold period expiring on the date that is four months and one day after Closing. The Company anticipates that it may pay certain finder’s fees as per the guidelines of the Exchange.

The Offering will be conducted by the Company primarily under the "accredited investor" exemption of National Instrument 45-106 –– Prospectus and Registration Exemptions but may use other exemptions if appropriate.

Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company expects such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, is expected to exceed 25% of the Company's market capitalization.

Net proceeds will fund exploration at Colibri’s flagship Mexican gold projects, including Pilar and EP, and for general working capital.

“ This financing provides us with the resources to advance key exploration initiatives at Pilar and EP while also strengthening our balance sheet. We view this as a significant step forward that enables us to deliver on important near-term objectives and continue positioning Colibri for growth ,” said Ian McGavney, President & CEO of Colibri.

For further details of the Offering, please contact Ian McGavney, President & CEO of the Company at (506) 383-4274 or ianmcgavney@colibriresource.com .

The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. 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 these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 .

ON BEHALF OF THE BOARD

Ian McGavney

President, CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Notice Regarding Forward-Looking Statements

Colibri Announces $1.625M Non-Brokered Private Placements of Equity Units and Convertible Debenture Units To Advance Mexican Gold Projects

Mon, 06 Oct 2025 13:21:32 GMT

An equity offering (the “Equity Offering”) of up to 8,666,666 units (the “Units”) at a price of $0.15 for gross proceeds of up to $1,300,000. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (the Warrants ). Each Warrant will entitle the holder to acquire one common share (a “Common Share”) of the Company at a price of C$0.25 per Common Share for a period of 24 months. It is anticipated at this time that, of the gross proceeds, approximately $300,000 will be from former debenture holders of the Company whose instruments came due during August 2025 and will not represent new money to the Company. See the Company’s news release of August 6, 2025.
The Company is also intending to conduct a non-brokered private placement of up to 250 convertible debenture units (the “Debenture Units”) for gross proceeds of up to US$250,000 (the “Debenture Offering”). Each Debenture Unit consists of one (1) US$1,000 principal amount 10% unsecured convertible debenture (the “Debenture”) and 5,300 Warrants. Each Debenture will bear interest at 10% per annum, calculated in US dollars, from the date of issuance, payable in arrears quarterly and upon maturity or redemption. The Debentures will mature on the date that is two (2) years from the date of issuance (the "Maturity Date"). The Debentures are convertible into Common Shares, at the holder's option, at a price C$0.25 per Common Share (the "Conversion Price") at any time prior to the Maturity Date. For purposes of the Conversion Price, the Debentures carry a fixed foreign exchange rate of C$1.30 for each US$1 of principal. All interest accrued on the Debentures will be payable in cash only and there can be no conversion of the Debenture interest into Common Shares of the Company. Each Warrant will entitle the holder to acquire one Common Share at a price of C$0.25 per Common Share for a period of 24 months following the closing of the offering.

Net proceeds will fund exploration at Colibri’s flagship Mexican gold projects, including Pilar and EP, and for general working capital.

For further details of the Offering, please contact Ian McGavney, President & CEO of the Company at (506) 383-4274 or ianmcgavney@colibriresource.com .

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 Sonora, Mexico. The Company holds three high potential precious metal projects: 1) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, and 3) a 60% interest in the Diamante Gold & Silver Project.

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

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

Tue, 16 Sep 2025 14:42:10 GMT

NEWS RELEASE - DIEPPE, N.B., September 16, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to provide a corporate update, outlining near-term initiatives to advance its 100%-owned EP Gold Project and highlight the significant potential of its 49% interest in the advanced Pilar Gold-Silver Project in Sonora, Mexico.

Positioned for Growth in a Strong Precious Metals Market

With gold and silver trading near historic highs, Colibri is actively advancing initiatives designed to increase shareholder value. The Company is pursuing a staged growth strategy focused on:

Advancing exploration at EP Gold,
Supporting development of Pilar, and
Strengthening market visibility and corporate positioning.

EP Gold Project – District-Scale Potential in the Heart of the Caborca Belt

Colibri’s 100%-owned EP Gold Project (Evelyn/Plomo) covers 4,766 hectares in the Caborca Gold Belt of Sonora, Mexico — one of the country’s most prolific mining districts. The Project is strategically located within 25 kilometres of some of Fresnillo Plc’s most significant gold operations, including the producing La Herradura Mine and Noche Buena Mine, as well as the Tajitos deposit (which is reportedly undergoing an updated Preliminary Economic Assessment).

Work completed to date includes over 12,000 metres of drilling¹, more than 2,500 surface samples with abundant high-grade gold values², and geophysical surveys covering over 1,000 hectares³. Yet, only three of ten high-priority targets have been drill tested¹, leaving considerable exploration upside.

Colibri is preparing for the next stage of work at EP, which will include:

Drill testing new zones,
Expanding areas of known mineralization, and
Applying modern exploration technologies to evaluate the full property and assess additional historical workings for further potential.

These initiatives highlight the opportunity for EP to emerge as a district-scale gold discovery in one of Mexico’s most proven belts. Colibri expects to update investors on the next phases of exploration at EP over the coming months.

Pilar JV

Colibri holds a 49% interest in the Pilar Gold-Silver Project, operated by Tocvan Ventures (CSE: TOC). Pilar has been advanced through >24,000 metres of drilling, trenching, and surface work⁴, as well as a 1,400-tonne bulk sample completed in 2023 that returned an average head grade of 1.9 g/t Au with recoveries of ~63% using simple heap leach methods⁵. Follow-up metallurgical test work demonstrated rapid gold recovery potential of 95–99% under agitated leach conditions⁶.

In August 2025, Tocvan secured permits for a 50,000-tonne pilot mine facility approximately 1 km from Pilar⁷. While decisions on allocation of JV material remain under review, the facility provides a compelling option for larger-scale testing. Pilar is believed to host sufficient mineralized material to support the full 50,000-tonne test, positioning the project for a meaningful demonstration of its potential. The facility offers a timely and strategic opportunity for larger-scale evaluation of Pilar while gold prices remain near record highs.

Near-term catalysts for Pilar include:

Initiation of the 50,000-tonne pilot bulk sample program,
Delivery of a maiden resource estimate, and
Completion of a Preliminary Economic Assessment (PEA).

Strengthening the Balance Sheet & Market Awareness

To support these project milestones, Colibri is advancing a broader corporate strategy that includes:

Debt Conversion/New Debenture : With previous debentures now expired, the Company is encouraging holders to convert outstanding debt into equity or participate in a new debenture financing under revised conditions.
Equity Financing : Evaluating financing options to ensure Colibri is well funded to advance exploration and corporate objectives.
Marketing Initiatives : Targeted campaigns designed to expand visibility and attract new investor interest.

Additional updates on these initiatives are expected in the near term.

Management Commentary

“Colibri is executing a clear, staged growth plan at an opportune time for precious metals,” said Ian McGavney, President & CEO . “With district-scale exploration potential at EP and Pilar advancing toward development with infrastructure now permitted nearby, Colibri is well positioned to deliver meaningful value for shareholders.”

Qualified Person

The technical and scientific information contained in this news release has been reviewed and approved by Mark Smethurst, P.Geo., [Director of Colibri], a Qualified Person as defined by National Instrument 43-101.

References

Colibri Resource Corp. News Release, June 15, 2023. “Colibri Completes 2023 Drilling Program at Evelyn Project.”
Colibri Resource Corp. News Release, Nov 20, 2022. “Surface Sampling Program Returns High-Grade Results at EP Project.”
Colibri Resource Corp. News Release, May 5, 2021. “Colibri Completes Geophysical Survey at Evelyn Project.”
Tocvan Ventures Corp. News Release, March 2024. “Pilar Project Update: Drilling and Surface Work Totals.”
Tocvan Ventures Corp. News Release, Oct 5, 2023. “Bulk Sample Results at Pilar Gold-Silver Project.”
Tocvan Ventures Corp. News Release, Dec 2023. “Follow-Up Metallurgical Testing at Pilar Demonstrates Rapid Recovery.”
Tocvan Ventures Corp. News Release, Aug 14, 2025. “Tocvan Secures Full Permit Approval for Pilot Mine Facility at Gran Pilar.”

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 Sonora, Mexico. The Company holds three high potential precious metal projects: 1) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, and 3) a 60% interest in the Diamante Gold & Silver Project.

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

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

Tue, 19 Aug 2025 17:43:21 GMT

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

About the Pilar Gold & Silver Project

The Pilar gold‑silver property has returned some of the region’s best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near‑term producer. The project is interpreted as a structurally controlled low‑sulphidation epithermal system hosted in andesite rock. Initially, three primary zones of mineralization were identified from historic surface work and drilling—referred to as the Main Zone, North Hill, and 4‑T. Each trend remains open to the southeast and north, and new parallel zones have been discovered. Structural features and zones of mineralization within the structures follow an overall northwest‑southeast trend. Mineralization extends along a 1.2‑kilometre trend, of which only approximately half has been drill‑tested to date.

About Colibri Resource Corporation

Colibri Resource Corporation is a Canadian mineral exploration company focused on acquiring, exploring, and developing prospective gold & silver projects in Sonora, Mexico. Its portfolio includes five projects—four currently under active exploration—with Pilar among the highest‑priority assets.

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

Colibri Resource Corporation Announces Director Change

Mon, 18 Aug 2025 17:35:09 GMT

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.”

About Colibri Resource Corporation

Colibri Resource Corporation is a Canadian precious metals exploration company focused on advancing high-potential gold and silver projects in Sonora, Mexico. The Company holds a 49 % interest in the Pilar Gold & Silver Project, a 100 % interest in the EP Gold Project, and a 60 % interest in the Diamante Gold & Silver Project. Colibri is committed to unlocking long-term shareholder value through strategic exploration and development activities in Mexico’s premier mineral belts.

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

For further information contact:

Ian McGavney

President, CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Notice Regarding Forward-Looking Statements

Colibri Announces Proposed Amendments to Debentures and Warrants

Wed, 16 Jul 2025 03:47:27 GMT

NEWS RELEASE - DIEPPE, N.B., July 16, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) announces its intention to amend certain terms of its currently outstanding 10% unsecured convertible debentures (the “Debentures”) that were originally issued in two tranches by the Company through private placement on August 1 and August 31, 2023 (see the Company’s news releases of August 4, September 12 and September 22, 2023). As at the date hereof, there is US$619,000 of Debentures outstanding. The Company also intends to amend the terms of 3,720,792 outstanding common share purchase warrants (the “Warrants”) and 11,049 finders’ options (the “Finder’s Options”) which were issued in conjunction with the Debentures.

The Debentures mature as to US$444,000 on August 1, 2025 and US$175,000 on August 31, 2025 with 10% annual interest payable quarterly and upon maturity. The principal amount of the Debentures are currently convertible into common shares at a price of C$0.50 per Common Share after adjusting for a share consolidation effected on June 13, 2025 (see the Company’s news release dated June 11, 2025). The Debentures carry a fixed foreign exchange rate of C$1.30 for each US$1 of principal for conversion purposes. Interest on the Debentures may not be converted to Common Shares.

In respect of the Warrants, each Warrant currently entitles the holder to acquire one Common Share at a price of C$0.60 per share (after adjusting for the aforementioned share consolidation) with 2,637,582 Warrants expiring on August 1, 2025 and 1,083,200 expiring on August 31, 2025.

Each Finder’s Options currently entitles the holder to acquire one Common Share at a price of C$0.60 per share (after adjusting for the aforementioned share consolidation) expiring on August 31, 2023.

The Company intends to amend the Debentures as follows:

The maturity date will be extended for an additional two years to August 1, 2027 and August 31, 2027 respectively and the conversion price will be reduced to C$0.25 per Common Share;
alternatively, debenture holders will be offered the option to convert the Debentures at a price of C$0.15 per Common Share on the current maturity date.

All other terms of the Debentures remain unchanged.

The Company intends to amend the term of the Warrants and the Finder’s Options by extending their expiry date an additional two years and reducing the exercise price to C$0.25.

In accordance with TSX Venture Exchange policy, any amended Warrants and Finder’s Options will include an accelerated expiry clause such that the exercise period of the amended Warrants and Finder’s Options will be reduced to 30 days if, for any ten consecutive trading days during the unexpired term of the amended Warrants and Finder’s Options, the closing price of the Company’s Common Shares exceeds $0.30.

Insiders of the Company currently hold 135,400 Warrants (the “Insider Warrants”). The application of any amendments to the Insider Warrants constitutes a "related party transaction" within MI 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") but are exempt from the MI 61-101 valuation and minority approval requirements for related party transactions under sections 5.5(a) and 5.7(1)(a) as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the Related Parties, exceeds 25% of the Company's market capitalization (as determined under MI 61-101).

Any amendments to the Debentures, Warrants and Finder’s options are subject to acceptance of the TSX Venture Exchange.

Reasoning for the Proposed Amendments

Strategic Timing to Advance Pilar and Drive Shareholder Value

The Company is taking proactive steps to strengthen its balance sheet and align capital with its most compelling near-term growth opportunity, the advancement of the Pilar Gold & Silver Project. The Company’s proposed restructuring of the Debentures comes at a pivotal time, as Pilar progresses toward bulk sampling, supported by strong recent and historical exploration results.

Momentum Toward Test Mining

Colibri’s joint venture partner, Tocvan Ventures, announced on June 18, 2025, that engineering and design for a 50,000-tonne pilot leach facility is now complete, with the permitting process well underway. Tocvan has indicated it does not foresee delays in approvals and intends to commence construction following final permit acceptance. If successful, a pilot test mine run of Pilar materials could generate a relatively meaningful amount of cash flow over a short period, helping to reduce Colibri’s near-term capital requirements and further de-risking its 49% interest in the project.

Pilar Drill & Bulk Sample Results Highlight Gold-Silver Potential

Over multiple exploration phases, drilling at Pilar has consistently returned broad zones of oxidized near-surface gold mineralization, along with high-grade intercepts—critical for the economics of the upcoming test mine. Highlights include:

2025 (Diamond Drilling – JES-25 Series):

83.5 @ 1.3 g/t Au from surface, including 10.3 g/t over 9.7m
64.9 m @ 1.2 g/t Au, including 3.0 m @ 21.6 g/t Au and 209 g/t Ag—marking the first high-grade intercept along the North Hill trend (JES-25-108)

2023 Bulk Sample:

A 1,200-tonne surface sample yielded an average head grade of 1.9 g/t Au with a calculated recovery rate of approximately 62%, confirming the presence of near-surface mineralization amenable to heap leach or vat leach processing.

Historical Drilling (2020–2022):

116.9 m @ 1.2 g/t Au, including 10.2 m @ 12.0 g/t Au and 23 g/t Ag (Phase III)
94.6 m @ 1.6 g/t Au, including 9.2 m @ 10.8 g/t Au (Phase I)
47.7 m @ 0.7 g/t Au, including 3.0 m @ 5.6 g/t Au and 22 g/t Ag (Phase II)

(Above technical information cited in Tocvan Ventures Corp. news release dated June 18th, 2025 which was reviewed and approved by Brodie A. Sutherland, qualified person for Tocvan Ventures Corp.)

Together, these results demonstrate the continuity, scale, and metallurgical potential of gold mineralization at Pilar, while outlining multiple high-grade near-surface zones that could meaningfully contribute to the upcoming bulk test mine.

What This Means for Shareholders

The pilot plant is nearing approval, and Colibri’s 49% stake positions it to potentially benefit directly from the Pilar’s bulk sample / test phase’s outcome.

The restructuring of the Debentures will reduce immediate financial obligations, freeing up capital to support the Pilar bulk sample / test mine program and broader exploration.

With gold prices trading near historic highs, the ability to advance a high-grade, near-surface gold system into production under a low-capex pilot structure presents a compelling opportunity to unlock value for shareholders.

By aligning its financial position with Pilar’s development timeline, Colibri is taking a disciplined, shareholder-first approach to unlocking value from one of the most advanced gold projects in Sonora. For Debenture holders, they will now have the opportunity to participate significantly in the potential upside in the Pilar Gold & Silver Project.

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 Sonora, Mexico. The Company holds three high potential precious metal projects: 1) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, and 3) ta 60% interest in the Diamante Gold & Silver Project.

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

For further information contact:

Ian McGavney

President, CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

 Notice Regarding Forward-Looking Statements

Colibri Resource Corporation Announces Results of Annual General Meeting

Tue, 17 Jun 2025 18:49:04 GMT

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

Colibri Announces Effective Date of Share Consolidation

Wed, 11 Jun 2025 01:42:08 GMT

NEWS RELEASE - DIEPPE, N.B., June 11, 2025 -- Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) announces that, further to the Company’s press release on May 14, 2025, Colibril has received approval of the TSX Venture Exchange (the “TSXV”) for the consolidation of its issued and outstanding common shares (each, a “Share”) on the basis of five (5) pre-consolidation Shares for each one (1) post-consolidation Share (the “Consolidation”).

The Consolidation is being effected pursuant to a resolution of the board of directors of the Company dated May 5, 2025. No shareholder approval is required for the Consolidation to come into effect. The Company has obtained a new CUSIP (194168407) and ISIN (CA194168407) in connection with the Consolidation. There will be no name change or trading symbol change in conjunction with the Consolidation.

Effective at the opening of trading on Friday, June 13, 2025 (the “Effective Date”), the Shares will commence trading on the TSXV on a consolidated basis.

As at the date hereof, there are a total of 115,417,625 Shares issued and outstanding. Assuming no other change to the issued and outstanding Shares, a total of 23,083,525 Shares, subject to adjustments for rounding, will be issued and outstanding on the Effective Date.

No fractional post-Consolidation Shares will be issued as a result of the Consolidation. Fractional Shares will be rounded up to the next nearest whole number of Shares if the fraction is at least half of a Share and rounded down to the nearest whole number of Shares if the fraction is less than half a Share.

The exercise or conversion price, and the number of Shares issuable under any of the Company’s outstanding convertible securities, if any, will be proportionately adjusted upon the Effective Date.

A letter of transmittal from the Company’s transfer agent, Computershare Investor Services Inc., will be mailed to registered shareholders providing instructions on how to exchange their physical Share certificates representing pre-Consolidation Shares for new certificates representing post-Consolidation Shares.

Shareholders who hold their Shares in DRS/Book or in brokerage accounts are not required to take action to effect an exchange of their pre-Consolidation Shares for post-Consolidation Shares. Until surrendered, each Share certificate representing pre-Consolidation Shares will represent the number of whole post-Consolidation Shares to which the holder is entitled as a result of the Consolidation.

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) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, and 3) two highly prospective interests in the Sierra Madre (Diamante Gold & Silver Project and Jackie Gold & Silver Project.

For information contact:

Ian McGavney

President, CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Notice Regarding Forward-Looking Statements:

Colibri Resource Corporation Consolidates Ownership of Diamante Project, Prepares for Growth with Strategic Asset Realignment and Share Consolidation

Wed, 14 May 2025 17:23:08 GMT

NEWS RELEASE - Dieppe, NB., May 14th, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") iwishes to announce a series of strategic corporate developments aimed at strengthening its asset base and capital structure. These include:

Increasing its effective ownership of the Diamante Gold-Silver Project in Sonora, Mexico to 60%;
Entering an agreement to acquire its joint venture partner's remaining interest in the project;
Monetizing a non-core asset through the sale of its 50% interest in the Jackie Project; and
Implementing a share consolidation to position the Company for improved capital markets access and long-term growth.

These actions align with Colibri’s sharpened focus on advancing its two most advanced exploration assets. The Company is collaborating with Tocvan Ventures on the potential future development of the Pilar Gold & Silver Project, where drilling, bulk sampling and trenching suggest near-term production potential. In parallel, Colibri is preparing for further advanced exploration activity at its 100%-owned EP Gold Project, located in a multi-million-ounce gold corridor called the Caborca Gold Belt that hosts Mexico’s largest producing gold mine owned by Fresnillo Plc called La Herradura (25km west of EP). The La Herradura, which has been operating since 1994, produced 367,000 ounces of gold in 2024 and has 7.4 milllion ounces of gold remaining in reserves at the end of 2024 (source: Fresnillo Plc - 2024 Annual Report). Colibri geologists believe that EP shares key geological characteristics with nearby gold deposits, including structure, lithology, and geochemistry—underscoring its discovery potential.

Colibri/Silver Spruce - Increases Ownership in Diamante Project to 60%

On May 10 ^th , 2025, Colibri and its joint venture partner Silver Spruce Resources Inc. (TSXV: SSE) (“Silver Spruce”) increased their joint ownership of the Diamante Project from 50% to 60%. This increase is the result of an agreed to ownership dilution with its private Mexico based partner whereby exploration activities carried out in 2024 — including diamond drilling and fieldwork — were funded entirely by Yaque Minerales S.A. de C.V., a private Mexican company owned equally by Colibri and Silver Spruce.

In recognition of this investment, Yaque Minerales will be issued an additional 10% ownership in Bimcol Minera S.A. de C.V., the entity that holds 100% of the Diamante Project.

Colibri to Acquire Silver Spruce’s Interest in Yaque Minerales

Following the earn-in, Colibri entered into an agreement on May 12, 2025 to acquire Silver Spruce’s 50% ownership in Yaque Minerales, which will result in Colibri owning 100% of Yaque Minerales and, thereby, an effective 60% interest in the Diamante Project. Colibri will accept ownership of Silver Spruce’s shares in Yaque in lieu of an approximately $80,000 of outstanding exploration expenditures owing to Colibri, allowing Colibri to consolidate control of the project without equity dilution or additional capital expenditure.

Ian McGavney, President & CEO of Colibri, stated:
“This series of transactions advances our strategic positioning for Colibri’s future. First, by increasing and consolidating our ownership of the Diamante Project, we are enhancing our exposure to a highly prospective gold-silver asset in one of Mexico’s most productive regions. Second, we’ve done so in a non-dilutive manner. And third, this gives us flexibility to chart the Diamante’s future with greater control, which we believe will benefit shareholders.”

Drill Exploration Highlights – Diamante Project

Colibri, through its partnership in Yaque Minerales, has completed two drilling campaigns on the Diamante Gold-Silver Project since acquiring the option in 2021. These programs outlined a high-grade, multi-target epithermal system hosted in veins, breccias, and shear zones typical of the Sierra Madre mineral belt.

Drill results include :

*Au and Ag equivalents were calculated using metal prices of US$1660 per ounce Au, US$18.65 per ounce Ag, US$1.32 per pound Zn, and US$0.83 per pound Pb ; Lengths are intersection length. True widths are not known.

The results confirm multiple high-grade mineralized centers across the Diamante concessions and demonstrate excellent potential for discovery of new shoots and extensions. Many targets remain untested by drilling and will be prioritized in future phases.

For more information about Diamante, please see our website: http://www.colibriresource.com/diamante-project

The Diamante Gold & Silver Project is situated within the Sierra Madre volcanic sequence of Mexico and lies within a district of epithermal mineralization in Sonora that hosts many producing and historic gold, silver, and base metal mines including the La India Mine (Agnico Eagle), the Mulatos Mine (Alamos Gold), and the Santana Mine (Minera Alamos).

Colibri Divests Interest in Jackie Project

In a related transaction, Colibri has agreed to sell its 50% interest in the Jackie Project, located in Sonora, Mexico, to Silver Spruce. In exchange, Colibri will receive:

$25,000 worth of Silver Spruce shares, and
A 1% Net Smelter Return (NSR) royalty on any future production from the Jackie Project.

This transaction allows Colibri to monetize a non-core holding while maintaining future upside exposure through the royalty.

Share Consolidation

The Company announces that, subject to approval of the TSX Venture Exchange (the “Exchange”), it intends to complete a consolidation (the “Consolidation”) of its common shares (the “Common Shares”) on the basis of five (5) pre-Consolidation Common Shares for one (1) post-Consolidation Common Share (a “Consolidated Share”).

Currently there are 115,417,625 Common Shares issued and outstanding. On a post-Consolidation basis, the Company shall have approximately 23,083,525 Consolidation Shares issued and outstanding.

The CUSIP number of the Company will change. The Company's name and stock symbol will remain the same after the Consolidation. No fractional Shares will be issued as a result of the Consolidation. Instead, any fractional share interest of 0.5 or higher arising from the Consolidation will be rounded up to one whole Consolidation Share and any fractional share interest of less than 0.5 will be cancelled.

The Company will issue a further news release notifying shareholders as to when the effective date of the Consolidation will occur and the date on which the Company's Consolidated Shares will commence trading on the Exchange.

Pursuant to the provisions of the Business Corporations Act (British Columbia) and the Articles of the Company, the Consolidation will be approved by way of resolutions passed by the board of directors of the Company but remains subject to the approval of the Exchange.

The Company believes that the Consolidation will enhance its ability to attract new investors, improve trading liquidity, and support its broader strategic and financial initiatives.

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.

Colibri is committed to advancing its asset portfolio through focused exploration, development and strategic transactions that build long-term shareholder value.

Qualified Person

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Notice Regarding Forward-Looking Statements:

For information contact:

Ian McGavney

President, CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Colibri and Partner – Expands Main Zone by 70 metres – Returning 7.2 g/t Gold and 80 g/t Silver Over 2.6 meters within 46.9 meters of 0.5 g/t Gold at the El Pilar Gold-Silver Project

Wed, 16 Apr 2025 04:58:49 GMT

NEWS RELEASE - Dieppe, NB., March 26th, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to share the assay results from the last three holes drilled in its recent 10-hole diamond drilling program (1,167.5 metres) at the advanced exploration stage project El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds a 49% interest in the El Pilar along side its 51% partner Tocvan Ventures, which was the operator of this recent drill program. Colibri is relying on the accuracy of Tocvan’s news release dated April 16th, 2025.

“We are pleased with overall results from this recent diamond drilling program. The footprint of the gold & silver mineralization at Pilar has been expanded and opens the doors for potential future drilling along the Main Zone trend as well as the less understood 4T and North Hill trends. Our attention will now be focussed on working with our partner to advance a maiden estimate as well as finalizing plans and permitting for our upcoming up to 50,000 tonne test mine/bulk sample.” commented, Colibri President & CEO Ian McGavney

Tocvan - News Release – April 16th, 2025

Highlights:

Step-out Drilling 70 meters South, Extends Main Zone
High-Grade Vein Returns 2.6 meters of 7.2 g/t Au and 80 g/t Ag
Duplicate Sample Analysis of High-Grade Vein returns 18 g/t Au over 1.1 meters
Within Broader zone averaging 0.5 g/t Au over 46.9 meters, starting from 54.5 meters depth
Remains Open and Untested to the South

April 16, 2025 / Tocvan Ventures Corp. (the "Company"), is pleased to announce the remaining results from core drilling at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Ten core drillholes totaling 1,167.5 meters were completed earlier this year within the majority owned (51%) Main Zone held in partnership with Colibri Resource Corp. Today's results are highlighted by 7.2 g/t Au and 80 g/t Ag over 2.6 meters, within a mineralized zone that averages 0.5 g/t Au over 46.9 meters starting from 54.5 meters downhole (drillhole JES-25-112). Drill hole JES-25-112 is located 70 meters south of past drill hole JES-22-62, which returned 108.9 meters of 0.8 g/t Au (see April 26, 2022 News Release). Mineralization is hosted in a stockwork of quartz veining, with high grade zones associated with shear zones with quartz and iron oxides filling fractures. JES-25-112 marks the southern most successful hit of significant mineralization to date, the trend remains open to the south. A core duplicate sample through the high-grade zone returned 18 g/t Au over 1.1 meters, the original sample returned 4.4 g/t Au. The variance has been noted as a product of coarse gold in the system. The Company is evaluating additional studies to determine the impact of high-grade variance on resource estimation. Hole JES-25-111, located 450 meters northeast of the Main Zone, within the 4-T Trend returned an anomalous zone of gold and silver that included 0.7 meters of 0.8 g/t Au and 24 g/t Ag. Hole JES-25-110 located 300 meters from the Main Zone, within the North Hill Trend returned an anomalous zone that includes 7.8 meters of 0.1 g/t Au. Intervals reported are drilled widths, true estimated widths are not known at this time.

"Step-out drilling south of the Main Zone has extended the high-grade corridor where we previously thought mineralization stopped." commented, CEO Brodie Sutherland. "This has opened up the opportunity to further extend mineralization to the south adding near surface resource potential. We have been very pleased with the success rate of the core program, adding key geological information for resource modelling whilst enhancing our understanding of high-grade zones and the true size potential of mineralization..."

Note: Please refer to the following news releases for detailed information on each hole.

JES-25-103 & 104, March 11, 2025

JES-25-105 - 106, March 19, 2025

JES-25-107 - 109, March 26, 2025

JES-25-110 - 112, April 16, 2025

Pilar Drill Highlights :

2024 RC Drilling Highlights include (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 3 diamond drilling highlights include (all lengths are drilled thicknesses):

116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t Ag;
108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;

2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):

39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
29 m of 0.7 g/t Au;
35.1 m of 0.7 g/t Au;

2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):

94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;

15,000 m of historic core and RC drilling; highlights include:

61.0 m of 0.8 g/t Au;
21.0 m of 38.3 g/t Au and 38 g/t Ag;
13.0 m of 9.6 g/t Au;
9.0 m of 10.2 g/t Au and 46 g/t Ag.

Pilar Bulk Sample Summary :

62-per-cent recovery of gold achieved over 46-day leaching period;

Head grade calculated at 1.9 g/t Au and seven 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;

Fine fraction indicates rapid recovery with agitated leach:

Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent 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-per-cent recovery of gold;

73- to 97-per-cent recovery of silver;

Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.

Based on management’s strong belief in the project’s potential, the Company is outlining a permitting and operations strategy for a pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000 tonnes of material. Timelines and budget are being prepared with the aim of moving forward with the development early in 2025. With gold prices hitting all-time highs, the Company believes the onsite test mine will provide key economic parameters and showcase the mineral potential of the area. In 2023, the Company completed an offsite bulk sample that produced important data showcasing the potential to recover both gold and silver through a variety of methods including heap leach, gravity and agitated leach (see August 22, 2023, news release for more details).

Quality Assurance / Quality Control

Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.

Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

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) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, 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.

For information contact:

Ian McGavney

President

CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Notice Regarding Forward-Looking Statements:

Colibri Announces Closing of Second and Final Tranche of Non-Brokered Private Placement

Wed, 26 Mar 2025 19:09:54 GMT

NEWS RELEASE - Dieppe, NB., March 26, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to announce that it has closed a second and final tranche of its non-brokered private placement of units (the "Offering") for gross proceeds of $146,500. Combined with the proceeds from Tranche 1 (see the Company’s news release from February 13, 2025), the Company has raised a total of $286,900.

Each unit (a “Unit”) consists 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$0.05 for a period of 24 months following issuance.

Pursuant to the second tranche, the Company has issued 5,860,000 Common Shares and 5,860,000 Warrants for aggregate gross proceeds of $146,500. The Company completed Tranche 1 of the Offering on February 11, 2025, resulting in the issuance of 5,816,000 Shares and 5,816,000 Warrants for aggregate gross proceeds of $140,400. In total, the Company has issued 11,476,000 Common Shares and 11,476,000 Warrants under the Offering for gross proceeds of $286,900.

In connection with the second tranche, the Company paid an eligible arm's length party (the "Finder") a cash fee in the amount of $500 and issued 20,000 finder's warrants (the "Finder's Warrants"). Each Finder Warrant entitles the holder to acquire one Common Share (a "Finder's Warrant Shares") at an exercise price of $0.05 per Finder's Warrant for a period of 24 months from the date of the issue of the Warrants. Combined with the finder’s fees paid on Tranche 1, the Company has paid an aggregate of $2,000 cash and issued 80,000 Finder’s Warrants in connection with the Offering.

All securities issued in connection with the Offering (including any Common Shares issuable upon the exercise of any warrants) are subject to a statutory hold period expiring on the date that is four months and one day after closing of the respective tranches. Closing of the Offering is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals including the acceptance of the TSX Venture Exchange.

Proceeds from the Offering are expected to be applied as follows: approximately 20% for upcoming exploration expenses at Colibri’s highly prospective precious metals projects in Mexico, including the Pilar Gold Project & the EP Gold Project, 65% for arm’s length creditors including payment of interest expenses on outstanding loans and up to 15% to non-arm’s length parties as reimbursement for expenses paid on behalf of the Company by the non-arm’s length parties. No proceeds are being used for investor relations activities.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news 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 the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

Three insiders, two officers and a director of the Company, participated in the Offering for an aggregate amount of $82,475 for 3,299,000 Units. The transactions with the insiders constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions under section 5.5(a) and section 5.7(1)(a) from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the Units issued to the insiders and the consideration paid by them under the Offering does not exceed 25% of Company's market capitalization, as determined in accordance with MI 61-101.

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) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 100% of EP Gold Project in the significant Caborca Gold Belt which has delivered highly encouraging exploration results and is surrounded by Mexico’s second largest major producer of gold on four sides, 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 .

For information contact:

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

Notice Regarding Forward-Looking Statements:

Colibri and Partner - Core Drilling Discovers High Grade Gold Mineralization 300 metres East of Main Zone – Returning 21.6 g/t Gold and 209 g/t Silver Over 3.0 metres at the El Pilar Project

Wed, 26 Mar 2025 17:22:07 GMT

NEWS RELEASE - Dieppe, NB., March 26th, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to share the assay results from the next three holes drilled in its recent 10 hole diamond drilling program (1,167.5 metres) at the El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds 49% interest of the El Pilar along side its partner Tocvan Ventures, which holds 51% ownership in this advanced stage exploration project. Tocvan is the operator of the El Pilar. The final three holes from the program will be announced in due course upon receipt of data from the operator.

“We are pleased to have discovered high grade gold and silver mineralization along the largely untested North Hill Trend, which lies approximately 300 metres away from the Main Zone Trend. The reported 3.0 metre interval of 21.6 g/t gold, 209 g/t silver, 6.71% lead, and 1.58% zinc (starting 8.3m below surface) among other notable gold and silver intervals in hole JES-25-108 provides further substantial evidence that the gold and silver mineralization at the shared El Pilar project could be expanded significantly and create even more meaningful value for our respective shareholders. We will work with our partners to further evaluate this discovery and potentially add material from this area to our planned 50,000 tonne test mine/bulk sample.” commented, Colibri President & CEO Ian McGavney

Tocvan - News Release – March 26th, 2025

Highlights:

New Discovery of High-Grade Gold-Silver 300m East of Main Zone, On North Hill Trend
Highest Grade Interval Ever Outside of Main Zone
Near Surface Findings Ideal for Follow-up Trenching and Early Mine Development
1.2 g/t Au and 14 g/t Ag over 64.9 meters, from surface (Hole JES-25-108)
including 21.6 g/t Au and 209 g/t Ag over 3.0 meters, from 8.3 meters depth
and 2.8 g/t Au and 38 g/t Ag over 3.8 meters, from 49.7 meters depth
Also, East Expansion of Main Zone with Hole JES-25-107
0.2 g/t Au and 5 g/t Ag over 108.2 meters, from surface
Including 0.4 g/t Au and 9 g/t Ag over 56.4 meters
Including 0.9 g/t Au and 20 g/t Ag over 12.6 meters
And 0.5 g/t Au and 8 g/t Ag over 7.4 meters
Also, 0.6 g/t Au and 7 g/t Ag over 4.3 meters
Results Pending for Three Additional Holes

March 26, 2025 / Tocvan Ventures Corp. (the " Company ") is pleased to announce results from the latest core drilling at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Ten core drillholes totalling 1,167.5 meters were completed earlier this year within the majority owned (51%) Main Zone held in partnership with Colibri Resource Corp. Today's results are highlighted by 21.6 g/t Au, 209 g/t Ag and 6.7% Pb over 3.0 meters, also 2.8 g/t Au, 38 g/t Ag and 2.3% Zn over 3.8 meters within a broader anomalous zone averaging 1.2 g/t Au starting from surface to a vertical depth of 64.9 meters (JES-25-108). The significance of this hole is its location 300 meters east of the Main Zone Trend in line with the North Hill Trend, making it the first discovery of high-grade gold mineralization along the southern end of this corridor. The high-grade looks to be hosted within a highly fractured near-surface fault zone with associated quartz veining. Given the proximity to surface this area will be selected for future trenching to further evaluate the extent of high-grade mineralization for potential pilot mine feed. In addition, hole JES-25-107, 100 meters east of the Main Zone has returned the best values to date on the eastern flank of the Main Zone. The hole returned 108.2 meters of 0.2 g/t Au and 5 g/t Ag from surface, including 12.6 meters of 0.9 g/t Au, 20 g/t Ag and 0.5% Cu; 7.4 meters of 0.5 g/t Au and 8 g/t Ag; and 4.3 meters of 0.6 g/t Au and 7 g/t Ag . Mineralization is hosted within a silicified brecciated andesite with coarse veins of pyrite and chalcopyrite. Hole JES-25-109 only returned a few isolated zones mineralization, core logging shows the hole intersected a large fault zone that separates mineralization hit in past drilling (JES-22-53, and JES-24-79). Results for seven core drillholes have now been released, results are pending for the remaining three holes which have tested the outer extents on mineralization.

"Core drilling has just returned the highest-grade interval ever outside of the Main Zone, located 300 meters away on an emerging trend." commented, CEO Brodie Sutherland. "The best part is that it is only meters below the surface allowing us to easily access the area with trenching we have planned in the next phase of exploration. This provides us with another area to source mineralization for potential pilot mine material. Trends like the North Hill remain largely untested and suggest other areas across the broader expansion area hold significant potential for hosting high-grade gold and silver. We look forward to continued drilling across the expansion area to begin targeting additional resource potential."

Pilar Drill Highlights :

2024 RC Drilling Highlights include (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 3 diamond drilling highlights include (all lengths are drilled thicknesses):

116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t Ag;
108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;

2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):

39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
29 m of 0.7 g/t Au;
35.1 m of 0.7 g/t Au;

2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):

94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;

15,000 m of historic core and RC drilling; highlights include:

61.0 m of 0.8 g/t Au;
21.0 m of 38.3 g/t Au and 38 g/t Ag;
13.0 m of 9.6 g/t Au;
9.0 m of 10.2 g/t Au and 46 g/t Ag.

Pilar Bulk Sample Summary :

62-per-cent recovery of gold achieved over 46-day leaching period;

Head grade calculated at 1.9 g/t Au and seven 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;

Fine fraction indicates rapid recovery with agitated leach:

Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent 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-per-cent recovery of gold;

73- to 97-per-cent recovery of silver;

Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.

Quality Assurance / Quality Control

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) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, 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.

For information contact:

Ian McGavney

President

CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Notice Regarding Forward-Looking Statements:

Colibri and Partner - Drilling Returns 1.6 g/t Gold Over 36.6 meters from Surface which Includes High-Grade of 15.2 g/t Gold Over 1.2 meters and 5.8 g/t Gold Over 3 meters at El Pilar Gold Project

Wed, 19 Mar 2025 16:04:10 GMT

NEWS RELEASE - Dieppe, NB., March 19th, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to share the assay results from the next two holes drilled in its recent 10 hole diamond drilling program (1,167.5 metres) at the El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds 49% interest of the El Pilar along side its partner Tocvan Ventures, which holds a 51% ownership in this advanced stage exploration project. Tocvan is the operator of the El Pilar.

“We are very happy with the assay results from hole JES-25-105. The hole is highlighted by 36.3 metres of 1.6 g/t gold (starting at surface and is contained within a longer intercept of 66 metres at 1.0 g/t gold). These are extremely favorable grades to encounter when looking for an open pitable gold deposit in Sonora and confirms the site as a source of moderate grade material for the planned 50,000 tonne test mine/bulk sample. We look forward to releasing the results from the remaining 6 holes of this program in due course as the data is received.” commented, Colibri President & CEO Ian McGavney

Tocvan - News Release – March 19th, 2025

Highlights:

Main Zone Infill Provides Upgrade to Historic Drilling
1.6 g/t Au over 36.3 meters from surface within 66 meters of 1.0 g/t Au (Hole JES-25-105)
including 15.2 g/t Au over 1.2 meters, from 35.1 meters depth
and 5.8 g/t Au over 3.0 meters, from 9.0 meters depth
Mineralization from surface to 97.4 meters averaging 0.7 g/t Au
Results Pending for Six Additional Holes

Calgary, Alberta – March 19, 2025 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; WKN: TV3/A2PE64), is pleased to announce results the latest core drilling at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Ten core drillholes totalling 1,167.5 meters were completed earlier this year within the majority owned (51%) Main Zone held in partnership with Colibri Resource Corp. Today’s results are highlighted by 1.6 g/t Au over 36.3 meters from surface, including 15.2 g/t Au over 1.2 and 5.8 g/t Au over 3.0 meters, starting from 9.0 meters vertical depth (JES-25-105). Mineralization correlates with at surface mineralization and lies within a broader anomalous zone drilled that averages 0.7 g/t Au over 97.4 meters. The result from JES-25-105, is a notable improvement from local historic drilling that returned 76.6 meters of 0.5 g/t Au (hole J-7) and 83.8m of 0.5 g/t Au (hole JESP-10), both drilled vertical from surface. To the southeast 100 meters, core hole JES-25-106 returned anomalous mineralization from surface to 122.2 meters depth with the most significant interval returning 3.45 meters of 0.4 g/t Au. Mineralization is known to weaken through this zone. More testing is required to determine the orientation of higher-grade zones known to occur in the area. Results for four core drillholes have now been released, results are pending for the remaining six holes.

“Infill drilling through the Main Zone is identifying precisely where we can source moderate to high-grade ore during pilot and full-scale mining.” commented, CEO Brodie Sutherland. “Positioned directly below surface trenching, we have a high degree of confidence in the extension of significant mineralization at Pilar. We are excited to evaluate the results for the remaining core holes as they will provide insight towards future development along parallel trends across the property. All information will be fed into our planned maiden resource estimate that will look to outline the resource potential across the Main Zone, an important milestone leading towards unlocking the full property potential.”

Pilar Drill Highlights :

2024 RC Drilling Highlights include (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 3 diamond drilling highlights include (all lengths are drilled thicknesses):

116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t Ag;
108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;

2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):

39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
29 m of 0.7 g/t Au;
35.1 m of 0.7 g/t Au;

2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):

94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;

15,000 m of historic core and RC drilling; highlights include:

61.0 m of 0.8 g/t Au;
21.0 m of 38.3 g/t Au and 38 g/t Ag;
13.0 m of 9.6 g/t Au;
9.0 m of 10.2 g/t Au and 46 g/t Ag.

Pilar Bulk Sample Summary :

62-per-cent recovery of gold achieved over 46-day leaching period;

Head grade calculated at 1.9 g/t Au and seven 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;

Fine fraction indicates rapid recovery with agitated leach:

Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent 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-per-cent recovery of gold;

73- to 97-per-cent recovery of silver;

Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.

Quality Assurance / Quality Control

Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s robust quality assurance / quality control protocol.

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) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, 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.

For information contact:

Ian McGavney

President

CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Notice Regarding Forward-Looking Statements:

Colibri & Partner Drill 83.5 metres at 1.3 grams per tonne Gold (including 10.3 grams per tonne Gold over 9.7 metres) at El Pilar Gold & Silver Project in Sonora Mexico

Tue, 11 Mar 2025 16:17:08 GMT

NEWS RELEASE - Dieppe, NB., February 12, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to share the assay results from the first two holes drilled in its recent 10 hole diamond drilling program (1,167.5 metres) at the El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds 49% interest of the El Pilar along side its partner Tocvan Ventures, which holds a 51% ownership in this advanced stage exploration project. Tocvan is the operator of the El Pilar.

“We are very pleased with the results from these first two drill holes. The near surface nature of this additional higher-grade mineralization only strengthens our belief that the El Pilar could become a profitable near-term gold and silver production asset for Colibri. The work programs planned for Pilar this year, which includes an up to 50,000 tonne bulk sample/test mine and a maiden resource estimate, should further demonstrate this theory. We look forward to releasing the results from the additional 8 holes of this program in due course as data is received from the operator.” commented, Colibri President & CEO Ian McGavney

Tocvan - News Release – March 11th, 2025

Highlights:

Highest Gold Grade Result Since Prospect Discovery in 1996
10.3 g/t Au Over 9.7m, including 1.6m of 60.6 g/t Au (Hole JES-25-104)
Only surpassed by Historic Drill Hole S-10, 16.5 meters of 53 g/t Au (1996 Discovery) *
Anomalous Mineralization from 14.1 to 97.6 meters averaging 1.3 g/t Au
Next to Trench Opened in 2023 for Bulk Sample Material
Surface Channels Averaged, 1.9 g/t Au and 9 g/t Ag over 14m (TR-2023-03)
Northwestern Hole JES-25-103, returns 3.7 meters of 0.4 g/t Au, 39 g/t Ag and 2.6% Cu
Anomalous Mineralization from 19.7 to 54.4 meters averaging 0.1 g/t Au, 8 g/t Ag and 0.54% Cu

Tocvan Ventures Corp. (the “Company” ) (CSE: TOC; OTCQB: TCVNF; WKN: TV3/A2PE64), is pleased to announce results from the first two core holes recently drilled at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Ten core drillholes totalling 1,167.5 meters were completed earlier this year within the majority owned (51%) Main Zone held in partnership with Colibri Resource Corp. Results are highlighted by 10.3 g/t Au over 9.7m, including 60.6 g/t Au over 1.6 meters starting at 87.8 meters vertical depth (JES-25-104). The high-grade mineralization correlates with at surface mineralization and lies within a broader anomalous zone drilled that averages 1.3 g/t Au over 83.5 meters from 14.1 meters below surface. In 2023, a trench exposed material adjacent to the drill hole that averaged 1.9 g/t Au and 9 g/t Ag over 14m. Material from the trench was used in the 2023 Bulk Sample completed by Tocvan. JES-25-104 is also on the same section as RC hole, JES-20-36 (24.4m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag) and later core hole JES-22-58 (21.7m of 0.9 g/t Au, including 4.0m of 4.2 g/t Au). The highest-grade mineralization intersected is related to a fault structure known to host high grade gold and silver. The result is the highest gold value recorded since initial discovery drilling was completed in 1996 by Lundin controlled company, Santa Catalina Mining Corp., where historic hole S-10 returned 53 g/t Au over 16.5 meters (*as reported July 30, 1996 by Santa Catalina Ming Corp.). Further to the northwest, 145 meters, core hole JES-25-103, returned anomalous gold, silver and copper averaging 0.1 g/t Au, 8 g/t Ag and 0.54% Cu over 34.7 meters starting from 19.7 meters downhole. A higher grade zone averages 3.7 meters of 0.4 g/t Au, 39 g/t Ag and 2.6% Cu. Elevated copper values are consistent with results recorded in the North Hill area and seen in trench exposures that may be related to granitoid intrusive rocks first recorded in recent RC drilling further north.

“These near-surface high-grade results showcase the rapid development potential of Pilar.” commented, CEO Brodie Sutherland. “Core drilling has again yielded some of the best results ever from the property. Results are in line with our initial observations of key styles of significant mineralization. The very high-grade interval in JES-25-104 coincides with a fault and adjacent intense, texture destructive hematite and silica alteration. Understanding these high-grade structures is essential for upgrading resource potential and identifying areas of focus for initial mining. Further to the north, hole JES-25-103 has yielded some of the best results to date on the northwestern edge of the Main Zone where surface mapping has outlined key controlling structures with elevated copper and silver. We look forward to sharing the remaining drill results as they become available.”

Pilar Drill Highlights :

2024 RC Drilling Highlights include (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 3 diamond drilling highlights include (all lengths are drilled thicknesses):

116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t Ag;
108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;

2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):

39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
29 m of 0.7 g/t Au;
35.1 m of 0.7 g/t Au;

2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):

94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;

15,000 m of historic core and RC drilling; highlights include:

61.0 m of 0.8 g/t Au;
21.0 m of 38.3 g/t Au and 38 g/t Ag;
13.0 m of 9.6 g/t Au;
9.0 m of 10.2 g/t Au and 46 g/t Ag.

Pilar Bulk Sample Summary :

62-per-cent recovery of gold achieved over 46-day leaching period;

Head grade calculated at 1.9 g/t Au and seven 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;

Fine fraction indicates rapid recovery with agitated leach:

Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent 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-per-cent recovery of gold;

73- to 97-per-cent recovery of silver;

Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.

Quality Assurance / Quality Control

Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s robust quality assurance / quality control protocol.

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) 49% Ownership of the Pilar Gold & Silver Project which is believed to hold the potential to be a near term producing mine, 2) 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, 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.

For information contact:

Ian McGavney

President

CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Notice Regarding Forward-Looking Statements:

Colibri Announces Closing of First Tranche of Its Non-Brokered Private Placement

Thu, 13 Feb 2025 20:13:19 GMT

NEWS RELEASE - Dieppe, NB., February 13, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to announce that, further to its news release of January 31, 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 $140,400.

Colibri has issued 5,616,000 units ("Units") at a price of $0.025 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$0.05 for a period of 24 months following issuance. No insiders participated in this tranche of the Offering.

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. In connection with the closing of this tranche, the Company has agreed to pay a finder's fee of $1,500 and issued 60,000 finder's warrants (the "Finder's Warrants") to an arm's-length party. Each Finder's Warrant entitles the holder to acquire one Common Share of the Company at a price of C$0.05 for a period of 24 months following issuance. The finder's fee is subject to Exchange acceptance.

As disclosed in its news release of January 31, 2025, the proceeds of the Offering are expected to be applied as follows: approximately 20% for upcoming exploration expenses at Colibri's highly prospective precious metals projects in Mexico, including the Pilar Gold Project & the EP Gold Project, 65% for arm's length creditors including payment of interest expenses on outstanding loans and up to 15% to non-arm's length parties as reimbursement for expenses paid on behalf of the Company by the non-arm's length parties. No proceeds are being used for investor relations activities. The Company will be relying on appropriate exemptions from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101 ") for payments to non-arm's length parties.

The Company anticipates completing a second tranche of the Offering within the next few weeks.

Final closing of the Offering (including any second tranche) is subject to acceptance of the TSX Venture Exchange.

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 the 4,766 hectare 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 .

For information contact:

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

Notice Regarding Forward-Looking Statements:

Colibri Update: 1,122 Metres Completed in 10 Holes At The Pilar Gold & Silver Project In Sonora Mexico

Wed, 12 Feb 2025 19:30:12 GMT

NEWS RELEASE - Dieppe, NB., February 12, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to share that a total of 1,122 meters has been drilled in 10 diamond drill holes at its El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds 49% interest of the El Pilar along side its partner Tocvan Ventures, which holds a 51% ownership in this advanced stage exploration project.

Highlights:

1,122 metres drilled in 10 diamond holes a Pilar Gold & Silver Project
Samples for first three drill holes have been sent to laboratory for analysis
Initial review of drill core indicates key structures and favourable rock characterization have been encountered
Advancing plans for up to 50,000 tonne bulk sample/pilot facility

The core program was designed and managed by Tocvan with the aim to infill and step out on known mineralization corridors. The information collected will assist in building a robust geological model set to go into a maiden resource estimate and ultimately a Preliminary Economic Assessment for Pilar’s Main Zone. Samples for the first three drillholes (JES-25-103 to JES-25-105) have been delivered to the local ALS Prep Laboratory in Hermosillo, Sonora.

In a news release dated February 12, 2025, Brodie Sutherland, the President & CEO of Tocvan Ventures reported the following:

“… The majority of past drilling has been RC, core drilling provides us with key information on the complex structural nature hosting mineralization that will drive future resource expansion. It is clear the host rock has undergone substantial multi-phase preparation making it an excellent target. We look forward to the results.”

Tocvan has also reported that core reviewed from this drill program displays indications of key lithologies and structures known to host and control gold & silver mineralization at Pilar. A summary of these mineralization types is summarized below in Plate 1. The Company cautions these are visual indications; assay results are pending to verify the grade of mineralization and width.

Pilar Pilot Mine Facility / Large Tonnage Bulk Sample

Based on management's strong belief in the project's potential to be a near term mine, the JV companies are presently outlining a permitting and operations strategy to build a pilot facility at Pilar. The facility will support a robust test mine scenario with an aim to process up to 50,000 tonnes of material. Timelines and budgets are being prepared with the goal of moving forward on its development in very near term to potentially take advantage of the historically high gold prices.

In 2023, Tocvan completed a smaller offsite bulk sample at Pilar which showcased the potential to recover both gold and silver through a variety of methods including heap leach, gravity and agitated leach. Datasets recovered from 2023 program will serve as a guide for this upcoming one.

About the Pilar Property

The Pilar gold-silver property has returned some of the region's best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. The project is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rock. Initially, three primary zones of mineralization were identified on the original property from historic surface work and drilling, and are referred to as the Main zone, North Hill and 4-T. Each trend remains open to the southeast and north, and new parallel zones have been discovered. Structural features and zones of mineralization within the structures follow an overall northwest-southeast trend of mineralization. Mineralization extends along a 1.2-kilometre trend. Only half of that trend has been drill tested so far.

Pilar Drill Highlights :

2022 phase 3 diamond drilling highlights include (all lengths are drilled thicknesses):

116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t Ag;
108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;

2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):

39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
29 m of 0.7 g/t Au;
35.1 m of 0.7 g/t Au;

2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):

94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;

15,000 m of historic core and RC drilling; highlights include:

61.0 m of 0.8 g/t Au;
21.0 m of 38.3 g/t Au and 38 g/t Ag;
13.0 m of 9.6 g/t Au;
9.0 m of 10.2 g/t Au and 46 g/t Ag.

Pilar bulk sample summary :

62-per-cent recovery of gold achieved over 46-day leaching period;

Head grade calculated at 1.9 g/t Au and seven 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;

Fine fraction indicates rapid recovery with agitated leach:

Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent 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-per-cent recovery of gold;

73- to 97-per-cent recovery of silver;

Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.

Technical information expressed in this news release is the view of Brodie A. Sutherland, chief executive officer for Tocvan, a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

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 the 4,766 hectare 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.

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Forward-looking information in this news release includes statements regarding the use of proceeds from the offering. Such forward-looking information is often, but not always, identified by the use of words and phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks related to the speculative nature of the Company’s business, the Company’s formative stage of development and the Company’s financial position. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws.

There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

For information contact:

Ian McGavney

President

CEO and Director

Tel: (506) 383-4274

Email: ianmcgavney@colibriresource.com

Colibri Reports: Six Holes Completed At The Pilar Gold & Silver Project In Sonora Mexico

Tue, 28 Jan 2025 20:43:34 GMT

NEWS RELEASE - Dieppe, NB., January 8th, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to share an update with its shareholders and interested parties in regard to its up to 1,250 metre diamond drilling program presently underway at its jointly held El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds 49% interest of the El Pilar along side its partner Tocvan Ventures, which holds 51% ownership.

Drilling Update

Six holes have now been completed totalling 672.2 metres and a seventh hole is presently underway. Cores from the first several holes have been logged and are presently being prepared to be shipped for geochemical analysis. The Company will report results in due course upon review of the data.

On January 22 ^nd , 2025, Tocvan Ventures reported the following in regard to the first four diamond drill holes completed in our 2025 program at Pilar: “The aim of the core program is to build out a more robust geological model across the area. Each hole completed has successfully intersected lithologies and structures (vein zones, breccia zones and/or large fault gouges) known to host and control gold - silver mineralization at Pilar that will aid in modelling. The Company cautions these are visual indications; assay results are pending to verify the grade of mineralization.”

Ian McGavney, President & CEO of Colibri states, “The Company is excited to move forward with its partner Tocvan Ventures to unlock Pilar’s significant potential. The new data derived from this diamond core drilling program will be added to the project’s geological model as well as to an upcoming Maiden Resource Estimate. We look forward to updating our shareholders on these drill results and our other progress at Pilar as we move towards our goal of being a near term gold & silver producer.”

About the Pilar property

Pilar drill highlights :

2022 phase 3 diamond drilling highlights include (all lengths are drilled thicknesses):
116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t silver;
108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;

2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):
39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
29 m of 0.7 g/t Au;
35.1 m of 0.7 g/t Au;

2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):
94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;

15,000 m of historic core and RC drilling; highlights include:
61.0 m of 0.8 g/t Au;
21.0 m of 38.3 g/t Au and 38 g/t Ag;
13.0 m of 9.6 g/t Au;
9.0 m of 10.2 g/t Au and 46 g/t Ag.

Previous Pilar bulk sample summary :

62-per-cent recovery of gold achieved over 46-day leaching period;
Head grade calculated at 1.9 g/t Au and seven g/t Ag; extracted grade calculated at 1.2 g/t Au and three g/t Ag;
Bulk sample only included coarse fraction of material;
Fine fraction indicates rapid recovery with agitated leach:
Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent 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-per-cent recovery of gold;
73- to 97-per-cent recovery of silver;
Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.

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 the 4,766 hectare 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 .

Notice Regarding Forward-Looking Statements:

For information contact:

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

Colibri And Partner Commences Diamond Drilling At Pilar Gold & Silver Project

Wed, 08 Jan 2025 06:12:56 GMT

NEWS RELEASE - Dieppe, NB., January 8th, 2025 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to announce that the Company and its partner Tocvan Ventures Corp. (“Tocvan”) (CSE:TOC) have commenced a diamond core drilling program of up to 1,250 metres focussed on the Main Zone target at the Pilar Gold & Silver Project in Sonora Mexico.

Ian McGavney, President & CEO of Colibri commented, " We believe that 2025 will be a transformational year for Colibri shareholders in terms of project advancement and value creation. We firmly believe that Pilar contains the potential to be a modest low-cost gold producing asset and the new geochemical assays and other geological data derived from this drilling program at Pilar will enhance the geological model and be utilized in an upcoming maiden resource estimate. In conjunction, we are also rapidly advancing our plans for a test mine/bulk sample of up to 50,000 tonnes of material, which is forecast for Q3 this year. The partners are presently reviewing several proposals which will potentially allow for a non-dilutive method to fully finance the test mine."

Test Mine / Bulk Sample Plans

With the price of gold continuing to be very strong, the advancement plans at Pilar include a near term program for the extraction and processing of up to 50,000 tonnes of materials as bulk sample/ test mine in the third quarter of 2025. The ground preparation for the test mine is expected in the first quarter of 2025 and will include systematic trenching and channel sampling.

About the Pilar property

Pilar drill highlights :

2022 phase 3 diamond drilling highlights include (all lengths are drilled thicknesses):
116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t silver;
108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;

2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):
39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
29 m of 0.7 g/t Au;
35.1 m of 0.7 g/t Au;

2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):
94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;

15,000 m of historic core and RC drilling; highlights include:
61.0 m of 0.8 g/t Au;
21.0 m of 38.3 g/t Au and 38 g/t Ag;
13.0 m of 9.6 g/t Au;
9.0 m of 10.2 g/t Au and 46 g/t Ag.

Previous Pilar bulk sample summary :

62-per-cent recovery of gold achieved over 46-day leaching period;
Head grade calculated at 1.9 g/t Au and seven g/t Ag; extracted grade calculated at 1.2 g/t Au and three g/t Ag;
Bulk sample only included coarse fraction of material;
Fine fraction indicates rapid recovery with agitated leach:
Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent 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-per-cent recovery of gold;
73- to 97-per-cent recovery of silver;
Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.

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 the 4,766 hectare 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 .

Notice Regarding Forward-Looking Statements:

For information contact:

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

Colibri Announces Closing of First Tranche of Its Non-Brokered Private Placement and Sale of Its RC Drill Rig

Fri, 06 Sep 2024 03:05:22 GMT

Dieppe, New Brunswick --(Newsfile Corp. - September 6, 2024) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that, further to its news release of August 23, 2024, it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") of units ("Units") for aggregate gross proceeds of $305,500. Each Unit consists of one (1) common share (a "Common Share") and one (1) common share purchase warrant (the Warrants) of the Company. Each Warrant entitles the holder to acquire one additional Common Share of the Company at a price of C$0.075 for a period of 24 months following issuance.

Certain insiders of the Company have acquired an aggregate of 550,000 Units in the Offering for gross proceeds of $27,500. Participation by insiders in the private placement constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. This participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units subscribed for by the insiders, nor the consideration for the units paid by such insiders, exceeds 25% of the Company's market capitalization.

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.

The Company anticipates completing a second tranche of the Offering within the next few weeks.

The Offering, including the terms of the Offering, received the conditional approval of the Exchange prior to closing but is subject to the final approval of the Exchange. The net proceeds of the offering will be used for exploration expenses at the Company's highly prospective precious metals projects in Mexico, including the Pilar gold project and the EP gold project as well as for working capital.

The Company also wishes to announce that it has sold its RC Drill Rig to a private company in Hermosillo Mexico for a total consideration of USD $395,000 which consisted of cash and drill credits. A portion of the proceeds is expected to be applied to an upcoming drilling program at the EP Gold Project where the Company intends to complete its first drilling program at the high priority San Perfecto target.

The San Perfecto target area is characterized by variably to strongly altered volcanic and intrusive rocks and has a mineralized footprint of approximately 1,250m by 700m which remains open to the southeast. A total of 616 samples are reported from the San Perfecto target surface area (102 by Colibri and 514 historical) of which 315, approximately 50 per cent, have returned values greater than 0.10 g/t Au and 213, approximately 35 per cent, have returned assay values greater than 0.25 g/t Au. Ninety-one samples (approximately 15 per cent of the total) have returned Au assays greater than 1.00 g/t with the highest grades, up to 58.9 g/t Au being associated with strong silicification and veins in faults zones.

A number of historical (artisanal) pits have been developed in the San Perfecto area including a larger production pit with a surface opening approximately of 35 m by 30 m. Only two exploration holes have been historically drilled in the area and both intersected significant mineralization.

Supported by interpretation of magnetic and IP data sets, the Company has interpreted the San Perfecto area as being indicative of a well-developed, high-level orogenic gold system with the potential to host economically significant mineralization.

QUALIFIED PERSON

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

The securities of the Company in this Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. 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 these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

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 forwardlooking 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

Email: ianmcgavney@colibriresource.com

Colibri Announces Non-Brokered Private Placement

Fri, 23 Aug 2024 03:09:25 GMT

Dieppe, New Brunswick --(Newsfile Corp. - August 23, 2024) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that it intends to conduct a non-brokered private placement (the "Offering") of up to 9,000,000 units (the "Units") at a price of $0.05 for gross proceeds of up to $450,000, each Unit consisting of one (1) common share (a "Common Share") and one (1) common share purchase warrant (the Warrants). Each Warrant will entitle the holder to acquire one additional Common Share of the Corporation at a price of C$0.075 for a period of 24 months following the closing of the Offering.

The net proceeds of the Offering will be used for upcoming exploration expenses at its highly prospective precious metals projects in Mexico, including the Pilar Gold Project & the EP Gold Project and for working capital.

The Offering is anticipated to close towards mid-September 2024 (the "Closing"). Closing may occur in one or more tranches. Closing of the Offering remains subject to the acceptance of the TSX Venture Exchange. Common Shares issuable will be subject to a statutory hold period expiring on the date that is four months and one day after Closing. The Company may pay finders fees to qualified finders as per the guidelines of the TSX Venture Exchange.

The Offering will be conducted by the Company utilizing the "accredited investor" exemption of National Instrument 45-106 -- Prospectus and Registration Exemptions and other applicable exemptions available to the Company.

Interested parties may request further details by contacting: Ian McGavney, President & CEO at (506) 383-4274 or ianmcgavney@colibriresource.com .

Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company, however, expects that such participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, will exceed 25% of the Company's market capitalization.

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 .

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

Forward-Looking Statements

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 news release.

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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Colibri Samples 4.64 g/t Au At The Ep Project, Caborca Gold Belt, Sonora, Mexico

Thu, 22 Aug 2024 22:20:58 GMT

NEWS RELEASE - Dieppe, NB., August 22, 2024 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to report the results of geological mapping and outcrop sampling recently completed on the Plomo property at the EP gold project located in the Caborca Gold Belt, NW Sonora. Highlights include outcrop grab samples which returned values up to 2.99 grams per tonne (“g/t”) Au which extend the footprint of surface mineralization at the San Perfecto target approximately 350 meters (“m”) and samples from La Culebra target area that returned values up to 4.64 g/t Au occurring over a strike length of approximately 650 m.

Ian McGavney, President & CEO of Colibri commented: “ The southwest part of the San Perfecto area is on the books as a priority drill target for Colibri. We are extremely pleased with the results of the recent mapping and sampling at San Perfecto which expanded the area of known mineralization and thereby the scope and potential of our drill target. The work at La Culebra has confirmed historical sampling and demonstrates discovery potential over a 650 m strike length which remains open. We are very encouraged by the common copper occurrences at La Culebra. Reporting these new results from our most advanced, highest priority target and from one of our earlier stage targets clearly demonstrates the significant discovery potential of the large EP property position.”

San Perfecto Target

Work recently completed at the San Perfecto target area includes geological mapping and the collection and assay of 29 outcrop grab samples. Results include 14 samples which returned values greater that 0.1 g/t Au, including 9 samples greater than 0.5 g/t Au and 6 samples greater than 1.0 g/t Au, that define a cluster of mineralized outcrops which extend the footprint of known surface mineralization at San Perfecto approximately 350 m to the east-southeast. The footprint of mineralization at San Perfecto is now approximately 1,250 m by 700m and remains open to the southeast (see figure 1). The mineralization is hosted by moderately to strongly foliated and altered diorite. Alteration consists of strong silicification and sericite with disseminated and oxidized fine grained pyrite. Quartz micro-veinlets are locally recognized in the higher-grade samples. The diorite host rock and style of mineralization is continuous for approximately 1 km to the northeast at the San Perfecto target. The domain of foliated, altered, and mineralized diorite is coincident with a northeast magnetic low trend and overlies a strong apparent chargeability anomaly.

The San Perfecto target area is characterized by variably to strongly altered volcanic and intrusive rocks. Anomalous to high grade gold mineralization is associated with fine grained pyrite bearing altered rocks, altered rocks with veinlets and vein stockworks, and with larger veins hosted by fault zones. A total of 616 samples are reported from the San Perfecto Target surface area (102 by Colibri and 514 historical) of which 315, approximately 50%, have returned values greater than 0.10 g/t Au and 213, approximately 35%, have returned assay values greater than 0.25 g/t Au. Ninety-one samples (approximately 15% of the total) have returned Au assays greater than 1.00 g/t with the highest grades, up to 58.9 g/t Au being associated with strong silicification and veins in faults zones. A number of historical (artisanal) pits have been developed in the San Perfecto area including a larger production pit with a surface opening approximately of 35 m x 30 m. Only two exploration holes have been drilled in the area and both have intersected significant mineralization. Supported by interpretation of magnetic and IP data sets, the Company has interpreted the San Perfecto area as being indicative of a well developed high level orogenic gold system with the potential to host economically significant mineralization. The San Perfecto is a top priority target on the EP project.

La Culebra Target

La Culebra target area is located approximately 3 km to the southeast of the prioritized core target areas on the Plomo property. The recently completed work was undertaken to follow up on historical assays with reported values up to 4.28 g/t Au. A total of 34 grab samples were taken from La Culebra target area; 14 of the samples returned assay vales greater than 0.1 g/t Au, which includes 9 samples greater than 0.5 g/t Au, 5 samples greater than 1 g/t Au, and high values of 4.64 and 4.46 g/t Au. Mineralization is hosted by rusty zones which were mapped over a 650 m strike length in a northeast direction and coincident with an andesite-rhyolite contact (Figure 2). The rusty zones host historical test pits. Alteration consists of quartz, sericite and oxidized pyrite and common malachite occurrences.

About the EP Project and Next Steps

The EP Gold Project is located within the Caborca Gold Belt (“CGB”) of northwestern Sonora and is comprised of the Evelyn and the Plomo properties covering a total of 4,766 hectares (“Ha”). The northwest trending CGB is approximately 500 km in length and is characterized by a number of orogenic-type gold deposits, prospects, and occurrences including the > 15 million ounce La Herradura Mine, located 25 km west of EP, the > 2-million-ounce Noche Buena Mine located approximately 8 km southwest of EP, and the past producing Soledad-Dipolos Mine (> 3 Moz Au) located approximately 32 km to the northwest of EP (see figure 3).

The Company is continuing to advance its EP project-wide interpretation and exploration model and has identified 14 target areas (see figure 4) with recent and historical work that includes high grade grab samples from outcrop, high grade grab and channel samples from historical mine working, and drill intercepts that are both locally high grade and are consistent with grades being mined in the Caborca Gold Belt. Current work includes interpretation and inclusion of the airborne (drone) magnetic survey over a selected part of the Plomo property that was completed in January, 2024 and recent mapping and sampling to plan and prioritize drilling and continued surface exploration.

Qualified Person

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

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 .

Notice Regarding Forward-Looking Statements:

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

COLIBRI PARTNER REPORTS PLANS FOR FURTHER DRILLING AND A POTENTIAL ON-SITE TEST MINE AT THE PILAR MAIN ZONE

Tue, 13 Aug 2024 18:44:02 GMT

NEWS RELEASE - Dieppe, NB. August 13 ^th , 2024 - Colibri Resource Corporation (CBI-TSXV) ("Colibri" or the "Company") is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has released an update regarding the plans for the next phase(s) of resource definition drilling and outlines a permitting and operations strategy for a pilot facility at the jointly held Pilar Main Zone.

Tocvan Pilar News Release – August 13 ^th , 2024: (Partnership Relevant Excerpts)

Highlights:

Upcoming Core Drill Program at Pilar Main Zone Scheduled for September Start
Outlines Plans for Resource Drilling with Core and RC

CALGARY, AB / ACCESSWIRE / August 13, 2024 / Tocvan Ventures Corp. (the "Company") is pleased to provide an update from its gold-silver projects in mine-friendly Sonora, Mexico. The Company will refer to the consolidated area that includes the Pilar Main Zone and the adjacent 22 km ² as Gran Pilar. This signifies the broader scale project size the Company is focusing on as it advances to a maiden resource at the Pilar Main Zone as well as defining large-scale targets beyond.

Based on management's strong belief in the project's potential, the Company is outlining a permitting and operations strategy for a pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000 tonnes of material. Timelines and budget are being prepared with the aim of moving forward with the development early in 2025. With gold prices hitting all-time highs, the Company believes the onsite test mine will provide key economic parameters and showcase the mineral potential of the area. In 2023, the Company completed an offsite bulk sample that produced important data showcasing the potential to recover both gold and silver through a variety of methods including heap leach, gravity and agitated leach (see August 22, 2023 news release for more details).

Also, preparations are being made for the next phases of core and RC drilling that will focus on resource definition. Between 1,200 to 2,000 meters of core drilling are being considered along with 1,700 to 2,500 meters of RC drilling before the end of the year. Core drilling will focus on building a robust geological model across Pilar with emphasis on the Main Zone. RC drilling will concentrate on additional infill and step-out targeting across the Main Zone, North Hill and 4-T trends. Upon completion of drilling the Company anticipates a maiden resource estimate will be finalized for the initial Pilar Main Zone and adjacent trends providing an initial step of showcasing the full potential of the project area.

Brodie Sutherland Tocvan CEO states: "We are also preparing for the next phases of drilling which will include important core drilling through our Main Zone and other prospective trends. The last core program we completed in 2022 was a huge success, giving us a better understanding of the host rocks and the pervasive alteration and brecciation one would expect from a robust mineralized system. Drilling completed before the end of the year will go into a maiden resource estimate for Pilar, a starting point for establishing initial resources for development. Along with these preparations the Company is evaluating a pilot mine facility to process material at site. A logical step-forward as we showcase the accessibility of gold and silver whilst taking advantage of current market prices for the commodities. The Company anticipates necessary equipment setup and permitting can be completed by early 2025, with the objective of processing up to 50,000 tonnes of material directly from Pilar. A key differentiator for the Company and project. Our core objective is to unlock the potential of the greater project area while advancing mine development.” “The Company maintains a positive outlook on the future of mining in Mexico and looks forward to advancing its initiatives of transitioning to producer. Taking full advantage of the excellent infrastructure and talented work force Sonora provides."

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 .

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

COLIBRI REPORTS 3rd BATCH OF DRILL RESULTS FROM ONGOING DRILL PROGRAM AT THE PILAR GOLD AND SILVER PROJECT IN SONORA

Thu, 06 Jun 2024 03:07:11 GMT

NEWS RELEASE - Dieppe, NB. June 6 ^th , 2024 - Colibri Resource Corporation (CBI-TSXV) ("Colibri" or the "Company") is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has announced the results from six holes drilled in the ongoing Phase 4, RC drill program. Colibri owns a 49% interest of the Pilar Gold & Silver Project.

Highlights from Tocvan Pilar News Release – June 6 ^th , 2024:

Infill Drilling on Main Zone Trend Hits Several Zones Expanding Resource Potential
JES-24-73, 16.8 meters of 0.8 g/t Au and 19 g/t Ag
Including Polymetallic Zone of 4.6 meters of 2.2 g/t Au, 49 g/t Ag, 0.46% Cu and 1.48% Zn
Also, 3.1 meters of 0.9 g/t Au, 10 g/t Ag and 3.2% Zn
Also, 10.7 meters of 0.8 g/t Au and 2 g/t Ag
And, 3.0 meters of 3.8 g/t Au and 4.7 g/t Ag
Within 152.5-meter anomalous zone from surface averaging 0.3 g/t Au and 3 g/t Ag
JES-24-84, 10.7 meters of 0.6 g/t Au and 3 g/t Ag
Including 1.5 meters of 3.3 g/t Au, 14 g/t Ag and 0.67% Cu
Within 97.6-meter anomalous zone from 48.8-meter depth of 0.1 g/t Au and 1 g/t Ag
Large Step-out Exploration Drilling Hits Best Results to Date in Southeast Targets, Expands 4-T Trend 400m SE
JES-24-87, Including 0.6 g/t Au and 7 g/t Ag and 0.6 g/t Au and 15 g/t Ag both over 1.5 meters
Within 53.4 meters of 0.1 g/t Au and 2 g/t Ag
Six Holes Released, All Six Intersect Mineralization
Additional Results Pending. Over 2,700 meters Drilled to Date in 23 Holes

For full details please see the Tocvan Ventures news release dated June 6 ^th , 2024 below:

Calgary, Alberta – June 6, 2024 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased to announce drill results from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico.

Results today highlight four infill holes along the Main Zone Trend, three of which are located on the northwest extent of the trend. Two exploration holes along the far southeast extent of the 4-T trend are also included in today’s results. Infill holes are highlighted by drillhole JES-24-73 which returned four distinct zones of mineralization that include two zones of high copper and zinc values, including 4.6 meters of 2.2 g/t Au, 49 g/t Ag, 0.46% Cu and 1.48% Zn (results are summarized in Table 1) Anomalous mineralization extends from surface to 152.5 meters vertical depth averaging 0.3 g/t Au and 3 g/t Ag across all four mineralized sections. Infill hole JES-24-84 returned 10.7 meters of 0.6 g/t Au and 3 g/t Ag within a broad anomalous zone of 97.6 meters of 0.1 g/t Au starting from 48.8 meters vertical depth. It is important to note both holes represent the extension of the Main Zone along the edges, the continuation of mineralization is a positive sign for further resource advancement. As for exploration drilling, two holes 400 meters southeast along the 4-T Trend have returned values indicating mineralization continues along this corridor. This is highlighted by JES-24-87 which returned 53.4 meters of 0.1 g/t Au and 2 g/t Ag, the broadest zone of gold-silver mineralization recorded in exploration drilling to date and over 700 meters from the Main Zone.

Over 2,700 meters have been drilled to date for the 2024 program. Results for eight drill holes are currently pending analysis (green squares on Figure 1). Drilling is ongoing at Pilar.

“The results today give us numerous reasons to be excited about the potential of Pilar.” commented Brodie Sutherland, CEO. “Not only are we continuing to increase the resource potential on the outer edges of the Main Zone but have successfully hit significant mineralization in two exploration holes 700 meters away. With all good exploration, it takes time to focus in on key targets, the latest results are providing us with the evidence needed to further evaluate the southeast extent of the several known trends. The polymetallic results returned at the Main Zone are likely related to breccia phases encountered in previous core drilling (JES-22-61) 40m to the northwest, where elevated gold, silver and zinc were recorded. The presence of multiple breccia and vein phases at Pilar is what makes it an attractive target, it is a complex and robust system that we feel is just starting to take shape. In addition, the interest from a major producer in the greater expansion area potential is a clear sign we are taking the right steps to advance the area further and getting the attention we feel the project deserves.”

Discussion of Results

JES-24-73

The drillhole targeted near surface mineralization next to and down-dip of past core drillhole JES-22-62, which returned 108.6 meters of 0.8 g/t Au and 3 g/t Ag. Important to note that JES-22-62 was a significant 125-meter step out southeast of the Main Zone at the time representing a significant increase in resource size. JES-24-73 returned anomalous mineralization from surface to a vertical depth of 152.5 meters, with four distinct higher-grade intervals. Two of which returned intervals with elevated copper and zinc with gold and silver, represented by 4.6 meters of 2.2 g/t Au, 49 g/t Ag, 0.46% Cu, 1.48% Zn from 54.9 meters depth and 3.1 meters of 0.9 g/t Au, 10 g/t Ag and 3.2% Zn from 77.8 meters depth. These zones look to correlate with a silicified magnetite rich breccia encountered in past drillhole JES-22-61 (63.4m of 0.6 g/t Au and 11 g/t Ag) 40 meters to the northwest. The Company is encouraged by these results and further infill drilling to the north has been completed with results pending.

North Extent of Main Zone Trend

JES-24-83, 84 and 85

Three drillholes targeted gaps in the database along the northern extent of the Main Zone Trend. All three holes returned anomalous mineralization. JES-24-83 returned 102.2 meters of 0.1 g/t Au from 10.7 meters vertical depth, this includes near surface gold values up to 3.5 g/t Au over 1.5 meters from 10.7 meters. Copper values up to 0.69% Cu over 1.5 meters were returned along with gold and silver (0.2 g/t Au, 14 g/t Ag). Elevated copper values are common on the north end of the Main Zone and North Hill Trends. JES-24-84 returned 97.6 meters of 0.1 g/t Au from 48.8 meters vertical depth, including 10.7 meters of 0.6 g/t Au, 3 g/t Ag and 0.17% Cu from 108.3 meters vertical depth. JES-24-85 was drilled off the same pad as JES-24-84, westward at a 45-degree angle. Four weaker zones of mineralization were recorded to a downhole depth of 123.5 meters.

Exploration Drill Results

4-T Trend South Extensions

Drillholes JES-24-86 and 87 tested the far southern extension (400m southeast) of the 4-T Trend where limited data exists. The two holes were drilled from the same pad in opposite directions (315 and 135 azimuths). Both returned anomalous mineralization with JES-24-87 returning the best result thus far, 53.4 meters of 0.1 g/t Au and 2 g/t Ag from 45.8 meters downhole depth, including two, 1.5-meter zones of 0.6 g/t Au. The Company views these early exploration results as extremely positive as they greatly expand the mineralization potential along the southern extent of these corridors.

Table 1. Summary of Drill Results Released Today from Pilar Project.

All interval lengths are drilled widths. 10,000 ppm = 1%

Table 2. Drillhole locations released today.

Table 3. Exploration Drill Results and Pathfinder Geochemistry

The Pilar Gold-Silver property has returned some of the regions best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. Pilar is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. Initially three primary zones of mineralization were identified on the original property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-T. Each trend remains open to the southeast and north and new parallel zones have been discovered. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization.

Mineralization extends along a 1.2-km trend, only half of that trend has been drill tested so far.

Pilar Drill Highlights:

· 2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):

o 116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag

o 108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag

o 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 Highlights include (all lengths are drilled thicknesses):

o 39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au

o 47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag

o 29m @ 0.7 g/t Au

o 35.1m @ 0.7 g/t Au

· 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):

o 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;

o 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;

o 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. Highlights include:

61.0m @ 0.8 g/t Au

o 21.0m @ 38.3 g/t Au and 38 g/t Ag

o 13.0m @ 9.6 g/t Au

o 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

o 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

o 95 to 99% Recovery of Gold

o 73 to 97% Recovery of Silver

o Includes the Recovery of 99% Au and 73% Ag from Drill Core Composite at 120-meter depth.

Quality Assurance / Quality Control

RC samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s robust quality assurance / quality control protocol.

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 five 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) three highly prospective interests in the Sierra Madre (Diamante Gold & Silver Project, Jackie Gold & Silver Project, and Mezquite Gold & Silver Project.

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

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

Colibri Lists Common Shares On Frankfurt Stock Exchange

Mon, 03 Jun 2024 22:24:50 GMT

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 .

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

Colibri Reports Drill Results Of 42.7 Metres Of 1.0 G/T Gold - Including 3.1 Meters Of 10.9 G/T Gold At North Hill Target On The Pilar Gold And Silver Project In Sonora

Thu, 23 May 2024 22:41:31 GMT

NEWS RELEASE - Dieppe, NB. May 23rd, 2024 - Colibri Resource Corporation (CBI-TSXV) ("Colibri" or the "Company") is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has announced the results from five holes drilled in the ongoing Phase 4, RC drill program. Hole JES-24-79 was drilled in the North Hill Trend area and is reported to be the second-best gold intersection to date outside of the Main Zone. Colibri owns a 49% interest in the Pilar Gold & Silver Project.

Highlights from Tocvan Pilar News Release – May 23rd, 2024 :

Drilling Intersects 42.7 meters of 1.0 g/t Au, 22.9 meters from Surface in Drillhole JES-24-79
Including 3.1 meters of 10.9 g/t Au, 38.1 meters from surface
Second Best Intersect Outside of Main Zone to Date, 300 meters Northeast of Main Zone
300 meters west-northwest of Previously Released JES-24-77, 56.4m of 1.0 g/t Au and 1 g/t Ag
Continues to Build Resource Potential Along North Hill Corridor
Anomalous Exploration Results Provide Key Indications to Trend Extensions
Additional Results Pending

For full details please see the Tocvan Ventures news release dated May 23rd, 2024 below:

Calgary, Alberta – May 23, 2024 – Tocvan Ventures Corp. (the “Company”) (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased to announce drill results from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico.

Results today are highlighted by drillhole JES-24-79 which returned 42.7 meters of 1.0 g/t Au from 22.9 meters vertical depth, including 3.1 meters of 10.9 g/t Au. Anomalous gold values averaging 50.3 meters of 0.8 g/t Au was encountered in the hole. A high-grade center to the mineralized zone returned 10.9 g/t Au and 2 g/t Ag over 3.1 meters, including 1.5 meters of 21.4 g/t Au. Like the Main Zone, the North Hill trend is exposed at surface along a rounded ridge top, allowing the potential for a low strip ratio during early development. The hole tested near-surface mineralization and was stopped at 125.1 meters, mineralization at North Hill remains open along trend and to the east. In addition, four exploration holes on the northeastern flanks of known mineralization (JES-24-78, 80, 81 and 82) are also included in this release.

Results for six drill holes are currently pending analysis. Drilling is ongoing at Pilar.

“The results today support the significant resource potential beyond the Main Zone.” commented Brodie Sutherland, CEO. “Today’s results hit one of the best holes ever off the North Hill Trend providing added confidence in identifying additional high-grade mineralization. Much of the trend has yet to be tested and remains open for expansion. The proximity to parallel trends bodes well for tying together a large bulk tonnage target. Early exploration results are showing great indications a larger robust mineralized system is present. With each phase we are get closer to identifying new mineralization close to surface that can be added to our maiden resource estimate. As drilling continues we look forward to updating our shareholders on additional results.”

Discussion of Results
JES-24-79
The drillhole targeted near surface mineralization vertically below a previous drillhole completed by Tocvan in 2021, JES-21-53, which returned 15.3 meters of 1.1 g/t Au . JES-24-79 returned 42.7 meters of 1.0 g/t Au from 22.9 meters depth including high-grade mineralization up to 21.4 g/t Au over 1.5 meters . The hole is located 300 meters to the west-northwest of the previously announced JES-24-77 ( 56.4 meters of 1.0 g/t Au ) and 300 meters northeast of the Main Zone centered around drillhole JES-22-59 ( 116.9 meters of 1.2 g/t Au and 7 g/t Ag ). The trend remains open to the northwest, southeast and east. The North Hill corridor is a 500-meter-long trend that extends from surface mineralization to the north, southward towards past drillhole JES-22-72 which returned 10.7 meters of 0.6 g/t Au and 40 g/t Ag from 27.5 meters downhole depth. Today’s result greatly increases the near surface resource potential along this trend.

Exploration Drill Results
4-T Trend North Extensions
Drillholes JES-24-78, 81 & 82 all tested the northern extension of the 4-T Trend where little data exists. The Company is encouraged by the early results of ideal host lithologies, alteration and elevated pathfinder elements. The upper part of hole JES-24-78 hosted elevated silver, arsenic and antimony, all key pathfinder elements for close proximity to epithermal mineralization. JES-24-81 returned a zone from surface down to 42.7 meters of elevated gold, silver, arsenic and antimony all great indications of continued mineralization to the north. Hole JES-24-82 returned a 10.7-meter zone of elevated gold, silver and arsenic further verifying the continuation of mineralization along trend.

North Hill Extension
Drillhole JES-24-80 tested the northeastern edge of the North Hill Trend. Elevated values of silver, copper, zinc, molybdenum, and antimony were reported. A 13.7-meter zone of elevated silver, copper, arsenic, molybdenum and antimony was reported from 80.8 meters vertical depth. An excellent indicator to close proximity to mineralization and elevated copper as seen at surface and across other drillholes at North Hill.

About the Pilar Property

Pilar Drill Highlights:

2022 Phase III Diamond Drilling Highlights include (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 Highlights include (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. Highlights include:

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.

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 five 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) three highly prospective interests in the Sierra Madre (Diamante Gold & Silver Project, Jackie Gold & Silver Project, and Mezquite Gold & Silver Project.

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

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

COLIBRI REPORTS DRILL RESULTS OF 56.4 METRES OF 1.0 G/T GOLD - INCLUDING 9.2 METERS OF 5.3 G/T GOLD AT 4-T TARGET ON THE PILAR GOLD AND SILVER PROJECT IN SONORA

Tue, 14 May 2024 02:48:35 GMT

NEWS RELEASE - Dieppe, NB. May 14 ^th , 2024 - Colibri Resource Corporation (CBI-TSXV) ("Colibri" or the "Company") is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has announced the results from the initial four of fifteen holes drilled to date in the ongoing Phase 4 RC drill program. Hole JES-24-77 was drilled in the 4-T Trend area and is reported to be the longest and highest-grade gold intersection to date outside of the Main Zone. Colibri owns a 49% interest in the Pilar Gold & Silver Project.

Highlights from Tocvan Pilar News Release – May 14 ^th , 2024:

Best Intersection to date from 4-T Trend (400 meters East of Main Zone) in Drillhole JES-24-77
Drilling Intersects 56.4 meters of 1.0 g/t Au, 18.3 meters from Surface in Drillhole JES-24-77
Including 9.2 meters of 5.3 g/t Au, 27.5 meters from surface

Top 5 Drill Result from Tocvan Programs to Date
1. JES-20-32, 94.6m of 1.6 g/t Au and 9 g/t Ag (RC)
2. JES-22-59, 116.9m of 1.2 g/t Au and 7 g/t Ag (Core)
3. JES-22-62, 108.6m of 0.8 g/t Au and 3 g/t Ag (Core)
4. JES-20-36, 24.2m of 2.5 g/t Au and 73 g/t Ag (RC)
5. NEW – JES-24-77, 56.4m of 1.0 g/t Au and 1 g/t Ag (RC)
Result of JES-24-77 Opens Up Resource Potential Along Eastern Corridor
Additional Results Pending

For full details please see the Tocvan Ventures news release dated May 14 ^th , 2024 below:

Calgary, Alberta – May 14, 2024 – Tocvan Ventures Corp. (the " Company ") (CSE: TOC; OTCQB: TCVNF; FSE: TV3), is pleased to announce first drill results from its 2024 Reverse Circulation (RC) drill program at its road accessible Pilar Gold-Silver project in mine-friendly Sonora, Mexico. A total of 1,825.4 meters has been drilled to date in 15 drillholes.

Results today are highlighted by drillhole JES-24-77 which returned 56.4 meters of 1.0 g/t Au from 18.3 meters vertical depth, including 9.2 meters of 5.3 g/t Au . The entire length of the hole returned anomalous gold values averaging 76.3 meters of 0.8 g/t Au . A high-grade center to the mineralized zone returned 5.3 g/t Au and 3 g/t Ag over 9.2 meters , including 1.5 meters of 26.7 g/t Au . Like the Main Zone, the 4-T trend is exposed at surface along a rounded ridge top, allowing the potential for a low strip ratio during early development. The hole tested near-surface mineralization and was stopped at 76.3 meters, mineralization at 4-T remains open at depth.

Results for eleven drill holes are currently pending analysis, including holes further northwest, along the 4-T trend.

"We are extremely excited with the results today highlighting the additional resource potential that exists along the several parallel trends to the Main Zone which we believe can be tied together into a sizable area." commented Brodie Sutherland, CEO. "Today's results are the best from the 4-T Trend to date and rank as a top five drill intersect in Tocvan's history of drilling at Pilar. Gold mineralization intersected in hole JES-24-77 is close to surface, projecting to workings exposed along a low rolling ridgeline much like the Main Zone. This allows for low-strip ratio potential in future mine development, reducing costs for extraction. We are confident the 4-T Trend will continue to develop into another key resource area for Pilar, being just 400 meters from the heart of our Main Zone. Part of our bulk sample was extracted from 4-T adding to that confidence of resource viability. More results from the trend are pending. As for our exploration drill targets, it is still early in testing these areas and the data available suggests more work is needed to fully evaluate and target mineralization. Surface mapping and geochemistry strongly suggests the known trends extend to the southeast and northwest, while new trends have yet to be tested. Recent sampling across the expansion area supports this thesis, indicating much more is to be uncovered."

In addition, three exploration holes on the southeastern flanks of known mineralization (JES-24-74, 75 and 76) are also included in this release, testing known areas of significant surface mineralization. Although anomalous intervals were encountered, no significant mineralization has been recorded yet.

Discussion of Results

JES-24-77

The drillhole targeted near surface mineralization vertically below the Four Trench (4-T) prospect. The Prospect gets its name from four trenches completed historically across a known area of artisanal underground workings. The prospect was first drilled in 1996 by Santa Catalina, a Lundin Company evaluating Pilar. First drilling hit 7.5 meters of 3.3 g/t Au and 31 g/t Ag in drillhole K-16 (hole was stopped at 7.5m). Follow-up drilling over 15 years later by a private operator returned 30.5 meters of 0.7 g/t Au (JESP-18). In 2021, Tocvan drilled 15.3 meters of 1.1 g/t Au along the same ridgeline 300 meters to the northwest. The result released today from JES-24-77 is the most significant result along the 4-T trend drilled to date and ranks as the fifth best drill result ever from the over 60 drillholes Tocvan has completed thus far at Pilar. JES-24-77 was a vertical drillhole testing the down-dip projection of surface mineralization, successfully intersecting several zones of low-grade gold and silver and one high-grade zone. Follow-up work is to be completed along this developing trend.

Exploration Drill Results

Drillholes JES-24-74 and 75 tested an area southeast of the Main Zone where local surface mineralization hosted along structures and veins had returned 5.1 g/t Au and 24 g/t Ag . Although no significant mineralization was recorded in these holes, anomalous values of silver warrant further investigation. Drillhole JES-24-76 tested the southernmost flank of the 4-T trend, alteration and veining was recorded in logging although no significant mineralization was recorded.

About the Pilar Property

Pilar Drill Highlights:

2022 Phase III Diamond Drilling Highlights include (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 Highlights include (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. Highlights include:
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.

Quality Assurance / Quality Control

RC samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.

Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person (" QP ") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.

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 five 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) three highly prospective interests in the Sierra Madre (Diamante Gold & Silver Project, Jackie Gold & Silver Project, and Mezquite Gold & Silver Project.

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

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

Colibri And Partner Begins Infill Drilling At Main Zone Of Pilar Gold And Silver Project In Sonora

Wed, 03 Apr 2024 21:55:41 GMT

NEWS RELEASE - Dieppe, NB. April 3rd, 2024 - Colibri Resource Corporation (CBI-TSXV) ("Colibri" or the "Company") is pleased to report that its partner Tocvan Ventures (CSE:TOC) has announced that infill drilling has commenced in the Main Zone at the advanced exploration stage Pilar Gold and Silver Project in Sonora, Mexico. Colibri holds a 49% interest in the Pilar Gold & Silver Project.

Please see select excerpts from Tocvan’s news release below:

Tocvan News Release: (April 3, 2024) – Brodie A. Sutherland, P.Geo. reports:

“CALGARY, AB / ACCESSWIRE / April 3, 2024 / Tocvan Ventures Corp. (the " Company ") (CSE:TOC)(OTCQB:TCVNF)(FSE:TV3), is pleased to announce the much awaited restart of drilling at its road accessible Pilar gold-silver project in the mine-friendly State of Sonora, Mexico. The Company has been busy reviewing all past data with an independent resource professional to determine the most effective use of drill meters for the upcoming campaign. Work completed has outlined 7,000 meters of drilling required within the Pilar concessions held along with minority partner, Colibri Resources. This includes, 4,000 meters of infill drilling within known areas of mineralization and 3,000 meters of step-out and exploration drilling on the peripherals of drilled mineralization and/or strong surface geochemistry indicating highly prospective targets. All proposed drilling is fully permitted. The outcome of the proposed drilling will go into the definition of a maiden resource estimate for the Pilar Main Zone, providing an important building block for the Company. The first drill hole will follow-up on JES-22-62, which returned 108.6m of 0.8 g/t Au and 3 g/t Ag. The drill rig mobilized to site April 1st and began drilling hole JES-24-73 on April 2nd. The Company will update as drilling progresses.

"We are excited to report the drill is back onsite and turning at Pilar." commented Brodie Sutherland, CEO. "It's been nearly two years since we last drilled at Pilar, with the previous drill program identifying new areas of mineralization to the east and southeast of Pilar's Main Zone. We now look to continue to expand the overall footprint while we build towards a maiden resource at Pilar. With gold prices hitting all time highs, we feel this is the right time to aggressively advance our projects."

About the Pilar Property
The Pilar Gold-Silver property has returned some of the region’s best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. Pilar is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rocks. Initially three primary zones of mineralization were identified on the original property from historic surface work and drilling and are referred to as the Main Zone, North Hill and 4-T. Each trend remains open to the southeast and north and new parallel zones have been discovered. Structural features and zones of mineralization within the structures follow an overall NW-SE trend of mineralization. Mineralization extends along a 1.2-km trend, only half of that trend has been drill tested so far.

Pilar Drill Highlights:

2022 Phase III Diamond Drilling Highlights include (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 Highlights include (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. Highlights include:
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

61.0m @ 0.8 g/t Au

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.

About Colibri Resource Corporation:

Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in Mexico. The Company holds six high potential precious metal projects.

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

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

Colibri Retains 49% Interest In Pilar And Will Enter Into A JV

Thu, 21 Mar 2024 22:02:04 GMT

NEWS RELEASE - Dieppe, NB., March 21st, 2024 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") announces that Tocvan Ventures Corp. (“Tocvan”) has elected not to exercise its Right of First Refusal to purchase 49% ownership in the Pilar Gold and Silver Project (“Pilar”) held by Colibri. As per the original agreement, the two companies will now form a joint venture (“JV”) on a 51 % Tocvan / 49% Colibri basis to advance the project.

“ The Pilar Gold and Silver Project has advanced significantly since we entered into the option and joint venture agreement in September 2019. We believe that the Tocvan team has done an excellent job in creating substantial project value and has positioned Pilar to potentially become a low cost gold producer in the near term. The head grade of the bulk sample reported in May 2022 of 1.9 g/t Au is very encouraging as are the recovery factors for gold and silver attained from various metallurgical tests. Further potential expansion of known mineralization is indicated by mineralized trends that are open to the southeast and by detailed interpretation of geophysical surveys completed in 2020 which indicate the potential continuity of controlling structures at depth. We are extremely excited about the potential opportunities that Colibri now has on the table for its 49% ownership at Pilar. ” said Ian McGavney, President/ CEO of Colibri.

About the Pilar Project Agreement and JV

The Pilar Gold & Silver Project is an advanced exploration project located near the town of Suaqui Grande in central Sonora, Mexico. In September 2018, the two Companies entered into a 5 year option work one agreement whereby Colibri granted Tocvan the right to earn 51% ownership of Pilar by:

issuing a total of 5 million shares of Tocvan to Colibri,
completing a total of $2 million of exploration expenses,
making cash payments totalling $400,000.

The agreement also granted Tocvan, upon earning its 51% interest in Pilar, a six month exclusivity period to purchase the remaining 49% owned Colibri by paying CAD$2 million and granting Colibri a 2% net smelter royalty (“NSR”). Tocvan successfully completed its Earn-In of 51% ownership of Pilar on September 18th, 2023, triggering the exclusivity clause which expired at the end of business on March 18th, 2024. As a result, 49% ownership of Pilar remains with Colibri and the Companies will now form a JV to advance the project towards production.

About Colibri Resource Corporation:

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

For information contact:

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

Colibri Discovers New Zone Of Gold Mineralization On The Ep Property In Sonora, Mexico

Tue, 19 Dec 2023 23:51:11 GMT

NEWS RELEASE - Dieppe, NB., December 19, 2023 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is very pleased to announce that its recently completed drilling program has resulted in the discovery of a promising new zone of gold mineralization on the Evelyn property at the EP gold project located in the Caborca Gold Belt, NW Sonora. The new area of mineralization has been named West Sahuaro. Drilling highlights of the West Sahuaro includes:

Gold mineralization was intersected in all 6 holes that tested the target
Longer intercepts of continuous mineralization include:
23 m intersection length at an average grade of 0.350 g/t Au in hole EVE23-196
66 m intersection length at an average grade of 0.273 g/t Au in hole EVE23-198
Higher grade intercepts included in the longer zones of mineralization include:
5 m intersection length at an average grade of 0.770 g/t Au in hole EVE23-196
6 m intersection length at an average grade of 0.753 g/t Au in hole EVE23-198
Of a total of 570 assays completed on 1 m samples, only 7 samples returned Au less than detection limit
The longer intercepts are apparently continuous in three shallowly east dipping zones with a footprint of approximately 200 metres x 300 metres
The mineralization is open in all directions and at depth
Four of the six holes drilled ended in mineralization.
The deepest intercept is at a vertical depth of approximately 125 m

Ian McGavney, President & CEO of Colibri commented: “Our new discovery at the West Sahuaro Zone is the thickest, most continuous, and highest grade gold mineralization intersected to date on the Evelyn property. We are extremely pleased with these results. The grade of mineralization discovered is approaching the reported production and resource grades at mines and development stage projects in the Caborca Gold Belt. The longer intercepts calculated at a 0.1 g/t Au cutoff grade and the occurrence of pervasively anomalous Au indicates that we have moved into a favourable litho-structural setting on the property. Geophysical and surface mapping indicates that the northwesterly structure that West Sahuaro sits on extends at least 2.5 km in length. We will begin building on this success with further exploration drilling in the West Sahuaro area and by leveraging our exhaustive exploration data set to further target areas along this and other identified mineralized structures.”

Recently Completed Drilling Program

Seventeen reverse circulation (“RC”) drill holes totaling 2,200 metres were completed in two target areas; the West Sahuaro (“WS”) target located in the northeastern part of the Evelyn property immediately west of the El Sahuaro target and the Main Zone area located in the central part of the property (Figure 1).

West Sahuaro – (New Discovery Area)

Six holes (764 m) were drilled on 2-3 hole, E-W, sections spaced at approximately 150 m. All holes intersected significant mineralization consisting of longer intersection lengths calculated at a 0.1 g/t Au cutoff grade and which include higher grade intervals (see table of significant intercepts). Utilizing the 0.1 g/t cutoff grade intervals, the ESW mineralization is consistently interpreted as 3 shallowly east dipping lenses (Figures 2a and 2b below) with a projected to surface extent of approximately 200 m x 300 m. Intersected mineralization is open in all directions, up and down dip and along strike. Four of the six holes ended in mineralization > 0.1 g/t Au. Au assays have been completed on 600 samples and only 7 of these samples returned assays below detection limit.

Table 1: West El Sahuaro Significant Drill Assays

The West Sahuaro drill target was prioritized based on a coherent Au in soil anomaly that trends north northwesterly over approximately 500 m length. The Au soil anomaly is spatially associated with a similarly oriented north northwesterly structure that has been derived from geological mapping as well as IP resistivity interpretation. The interpretation of said steep resistivity gradient extends through the IP data sets to the southeast of Evelyn and onto the Plomo property over a total distance of approximately 2.5 km (Figure 3). The trend of the resistivity gradient, when projected approximately 1 km further to the southeast, intersects Banco de Oro, a historical small scale Au mine which is a prioritized target for the Company. The Company is evaluating the significance of the north-northwest trending structure and West Sahuaro mineralization spatial association and anticipates further testing of this setting across the Evelyn and Plomo properties.

Main Zone Area Drilling

A total of 1,436 m was drilled at the Main Zone. Three separate targets were tested (see figure 4):

The northern extension of interpreted east dipping mineralization lenses:
Three holes were drilled in a westerly trending drill fence to test the northern projection of moderately easterly dipping lenses of Main Zone mineralization. Hole EVE23-190 and 191 collared to the east and planned to test the deeper extension of mineralization were both terminated due to ground conditions above target depth. Both holes intersected anomalous to low grade mineralization above target depth and both holes ended in mineralization. Hole EVE23-192 successfully intersected 3 zones of mineralization consistent with the up-dip projection of previously interpreted mineralization. Intersected mineralization is reported in table 2.
The intersection of interpreted (under alluvium cover) structures coincident with a geochemical anomaly derived from a previously reported short-hole drill program:
Holes EVE23-193, 194, and 195 were drilled to test this target which is located 100 m north of the Main Zone drilling. All holes intersected numerous narrow 1 to 2 m zones of Au > 0.1 g/t Au but failed to intersect the thicker zone characterizing the Main Zone.
The SGH anomaly south of the Main Zone:
Drill hole EVE23-186 was collared adjacent (footwall) to the Main Zone vein and planned for 300 m length to test the interpreted SGH anomaly and related structure at depth. The hole was terminated well above the target due to ground conditions at 137 m. EVE23-186 intersected consistently anomalous Au values from surface to a drill depth of 101 m. Assays and intercepts > 0.1 g/t Au are reported in table 2. Hole EVE23-202 was drilled to the south to intersect the SGH anomaly coincident with the previously interpreted (projected) structure. EVE23-202 intersected a zone containing vein quartz with disseminated pyrite over a 5 m interval from 173 m to 178 m all of which contained anomalous gold values including a high of 0.967 g/t Au over 1 m.

Table 2: Significant Assays from Main Zone Drilling

About Main Zone

The Main Zone is the most advanced target on the Evelyn property. It is interpreted as a series of north-northeasterly striking and moderately east dipping lenses occurring over an approximate strike length of 250 m and previously drilled to a vertical depth of approximately 120 m. Mineralization exposed on surface and in historical mine workings consists of a north-northeast striking and moderately easterly dipping quartz vein that is discontinuously exposed over a strike length of approximately 120 m. The quartz vein pinches and swells along the strike length on surface reaching a maximum exposed thickness of approximately 1.5 m. Grab samples from surface exposures of the vein have returned assay values of 43.9 g/t Au and 40.1 g/t Au. Previous drilling has intersected similarly high-grade mineralization and includes 12.19 g/t Au over an intersection length of 3 m. Mineralization in both the hangingwall and footwall of the Main Zone vein includes multiple quartz vein intersections and low to locally moderate grade Au assay values in chlorite-carbonate-pyrite altered host rocks. Longer mineralized intercepts of veined and altered host rock comprising the easterly dipping lenses at the Main Zone include:

87 m at an average grade of 0.13 g/t Au including an interval of 8 m at 0.34 g/t Au
86 m at an average grade of 0.17 g/t Au including an interval of 10 m at 0.55 g/t Au
34.7 m at an average grade of 0.28 g/t Au including 5.65 m at 1.0 g/t Au
29.0 m at an average grade of 0.47 g/t Au including 6.0 m at 0.97 g/t Au

South of the exposed Main Zone vein, the north-northeast trending structure is interpreted to extend under colluvium cover. To explore the southern extension of the Main Zone, the Company completed a Soil Gas Hydrocarbon (“SGH”) survey which resulted in a well-defined anomaly.

About the EP Project and Next Steps

The Company is continuing to advance its EP project-wide interpretation and exploration model and has identified 14 target areas (see figure 6) with recent and historical work that includes high grade grab samples from outcrop, high grade grab and channel samples from historical mine working, and drill intercepts that are both locally high grade and are consistent with grades being mined in the Caborca Gold Belt. Current work includes interpretation and inclusion of the drill results reported here and the prioritization of future drill targets. To support this work, the Company will complete an airborne (drone) magnetic survey over a selected part of the Plomo property in January 2024 and will be completing detailed geological mapping on selected targets and areas of the EP Project.

QUALIFIED PERSON

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

ABOUT COLIBRI RESOURCE CORPORATION:

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

Notice Regarding Forward-Looking Statements:

For information contact:

Ian McGavney

President, CEO and Director

Tel: (506) 383-4274,

Email: ianmcgavney@colibriresource.com

COLIBRI COMPLETES 2,200m DRILLING PROGRAM AT “EP PROJECT” IN CABORCA GOLD BELT

Tue, 10 Oct 2023 02:50:31 GMT

NEWS RELEASE - Dieppe, NB., October 10th, 2023 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to report that it has completed its Phase 3 drilling campaign at selected targets on its 4766 Ha EP Project in the prolific Caborca Gold Belt of Sonora Mexico. The Company’s team of drillers and geologists completed 2,200 metres of drilling in 17 holes. Gold assays are pending.

Targeted areas included:

1) West El Sahuaro which is a target that consists of a large gold in soil anomaly and is spatially associated with a northwest trending structure that was derived from mapping as well as IP resistivity interpretation. Recent interpretation of Plomo exploration data suggests that this northwest trending structure extends to the southeast and possibly controls the occurrence of gold mineralization on the Plomo property. (6 holes)

2) An area north of Main Zone testing for northwest trending fault zones located north of the Main Zone lenses and interpreted as a control on the occurrence of the north-northeast trending mineralization in the Main Zone. (6 holes)

3) An area to the south of Main Zone targeting a mapped northwest trending structure that is approximately coincident with a well-defined Soil Gas Hydrocarbon (“SGH”) anomaly. (5 holes)

About El Sahuaro

El Sahuaro is characterized by north-northeast trending magnetic anomalies. Detailed structural mapping in the northeast part of the property indicates a dominant north-northwestern strike and easterly dip to foliation and veins. The structural orientations observed are consistent with north-northwest trending structures interpreted from magnetic intensity contrasts and an apparent dislocation and offset of the north-northeastern magnetic trend. The El Sahuaro area is underlain by Jurassic rhyolite and andesite and by Proterozoic (?) metasedimentary rocks. All holes drilled at El Sahuaro have intersected Au mineralization. Highlights of drilling at El Sahuaro include:

· 15 m at an average grade of 2.36 g/t Au

· 22 m at an average grade of 0.17 g/t Au

· 25 m at an average grade of 0.10 g/t Au

· 3 m at an average grade of 0.92 g/t Au

· 6 m at an average grade of 0.627 g/t Au

· 2 m at an average grade of 1.943 g/t Au

About Main Zone

The Main Zone is interpreted as a series of north-northeasterly striking and moderately east dipping lenses occurring over an approximate known strike length of 250 m and previously drilled to a vertical depth of approximately 120 m.

Mineralization exposed on surface and in historical mine workings consists of a north-northeast striking and moderately easterly dipping quartz vein that is discontinuously exposed over a strike length of approximately 120 m. The quartz vein pinches and swells along the strike length on surface reaching a maximum exposed thickness of approximately 1.5 m. Grab samples from surface exposures of the vein have returned assay values of 43.9 g/t Au and 40.1 g/t Au. Previous drilling has intersected similarly high-grade mineralization and includes 12.19 g/t Au over an intersection length of 3 m. Mineralization in both the hangingwall and footwall of the Main Zone vein includes multiple quartz vein intersections and low to locally moderate grade Au assay values in chlorite-carbonate-pyrite altered host rocks. Longer mineralized intercepts of veined and altered host rock at the Main Zone include:

· 87 m at an average grade of 0.13 g/t Au including an interval of 8 m at 0.34 g/t Au

· 86 m at an average grade of 0.17 g/t Au including an interval of 10 m at 0.55 g/t Au

· 34.7 m at an average grade of 0.28 g/t Au including 5.65 m at 1.0 g/t Au

· 29.0 m at an average grade of 0.47 g/t Au including 6.0 m at 0.97 g/t Au

Planned Next Steps:

The Company is currently planning exploration on the recently acquired Plomo property which includes an airborne (drone) high resolution magnetic survey, detailed geological and structural mapping over selected targets, and reconnaissance geological mapping and prospecting over the less explored parts of the property. The Company will be evaluating the Main Zone and West El Sahuaro drilling results including assay pending and will be prioritizing targets from across the EP project for drilling in Q1 2024.

About the EP Gold Project

The Evelyn property was acquired by the Company in 2012 and the acquisition of the Plomo property was completed in March of 2023. On the Evelyn property, Colibri has completed comprehensive surface exploration including soil sampling, geological mapping and outcrop sampling, an airborne magnetic survey, and a property wide induced polarization survey. Since February 2020, Colibri has drilled a total of 12,333 metres (total of reverse circulation and core drilling) and is advancing mineralized zones at the Main Zone and El Sahuaro. On the Plomo property, the Company has compiled historical exploration data and has completed its first exploration program which included geological mapping and outcrop sampling at selected target areas on the property. The Company is continuing to advance its EP project-wide interpretation and exploration model and has identified 13 target areas with historical work that includes high grade grab samples from outcrop, high grade grab and channel samples from historical mine working, and drill intercepts that are both locally high grade and are consistent with grades being mined in the Caborca Gold Belt. The Company is prioritizing additional target areas on the EP property for drilling and is also planning further field work to evaluate and advance earlier stage targets and to comprehensively evaluate and explore the complete project area.

QUALIFIED PERSON

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

ABOUT COLIBRI RESOURCE CORPORATION:

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

Notice Regarding Forward-Looking Statements:

For information contact:

Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

COLIBRI ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

Tue, 12 Sep 2023 02:54:51 GMT

NEWS RELEASE - DIEPPE, N.B., September 12, 2023—Further to its news release of August 4, 2023, Colibri Resource Corporation (“Colibri” or the “Company”) (CBI: TSX-V) is pleased to announce that, effective August 31, 2023, it has closed a second and final tranche of its non-brokered private placement originally announced on June 30, 2023. Under this second tranche, the Company has issued 200 Units (the "Units") for gross proceeds of US$200,000. Combined with a first tranche of 487 Units which closed on August 1, 2023 (see the Company’s news release dated August 4, 2023), the Company has issued an aggregate of 687 Units for gross proceeds of US$687,000.

Each Unit is comprised of: (i) US$1,000 principal amount of 10% secured convertible debentures (the "Debentures") issued by the Company with a maturity date ("Maturity Date") of 2 years from the date of issuance; and (ii) 5,416 common share purchase warrants of the Company (each, a "Warrant").

Each Debenture will bear interest at 10% per annum, calculated in US dollars, from the date of issuance, payable in arrears quarterly and upon maturity or redemption. The Debentures will mature on the date that is two (2) years from the date of issuance (the "Maturity Date"). All interest accrued on the Convertible Debentures will be payable in cash only.

The principal amount of the Debentures are convertible into Shares, at the holder's option, at a price of (i) C$0.08 per Common Share upon issuance and 12 months thereafter; and (ii) at C$0.10 per Common Share between 12 months and one day to the Maturity Date (the "Conversion Price"), at any time prior to the Maturity Date. The Debentures carry a fixed foreign exchange rate of C$1.30 for each US$1 of principal for conversion purposes only.

Each Warrant is exercisable to acquire one Common Share at an exercise price of $0.12 per share for a period of 24 months from the date of issuance.

In connection with the Offering, the Company paid finder's fees to certain registered dealers which was comprised of cash payments totalling US$2,040 and the issuance of 11,049 finders' options exercisable at a price of $0.12 per Common Share and having a term of 24 months after issuance.

The Offering is subject to final acceptance of the Exchange. The Units issued in tranche 1 and the securities underlying them will be subject to a hold period which expires on December 2, 2023 while the Units and the securities underlying them issued in tranche 2 will be subject to a hold period which expires on January 1, 2024.

The Company intends to use the proceeds of the Offering for general working capital purposes and exploration expenses including drilling on the Evelyn/Plomo (“EP” Project) and Diamante/El Mezquite/Jackie projects.

Insider Participation in the Offering

As certain officers, directors and 10%+ shareholders of the Company participated in the second tranche of the Offering, the Offering is considered a "related party" transaction subject to and in accordance with Multilateral Instrument 61-101 ("MI 61-101") and policy 5.9 of the Exchange. The Company relied on the exemptions from the valuation and minority shareholder approval requirements contained in Sections 5.5(a) and (b) and 5.7(1)(a) and (b) of MI 61-101. Neither the Company nor, to the knowledge of the Company after reasonable inquiry, a related party, has had knowledge of any material information concerning the Company or its securities that has not been generally disclosed.

About Colibri Resource Corporation

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

Forward-Looking Statements

This news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

For further information, please contact:

Ronald J. Goguen, President, CEO and Director

Tel: (506) 383-4274

rongoguen@colibriresource.com

COLIBRI BEGINS PHASE 3 DRILLING AT THE EVELYN PROPERTY

Tue, 15 Aug 2023 02:42:27 GMT

NEWS RELEASE - Dieppe, NB., August 15, 2023 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is pleased to report that it has received permission from the Mexican environmental authority (SEMARNAT) to drill up to 2,000 metres (“m”) on the Evelyn Property at the EP Gold Project (“EP”) on targets in the Main Zone and West El Sahuaro areas. Mobilization of Colibri’s RC drill rig took place over the past weekend and is scheduled to begin work today.

Main Zone Drill Plan and Description

The drill plan for the Main Zone will test northwesterly trending fault zones located to both the south and north of the already defined Main Zone lenses. These faults zones are interpreted to be controls on the occurrence of the north-northeast trending mineralization in the Main Zone.

To the south of the Main Zone, the mapped fault/structure is approximately coincident with a well-defined Soil Gas Hydrocarbon (“SGH”) anomaly. To the north of Main Zone, the drilling will test a geochemical anomaly resulting from a recently completed short hole drill program coincident with a northwest structure inferred under alluvium. One thousand-two hundred metres of RC drilling is planned for the Main Zone targets.

If results of this drilling program at the Main Zone further validates the Company’s current interpretation & geological model it has the potential to double, or more, the footprint of the Main Zone. Northwest trending structures are very important at established gold mines in the Caborca Gold Belt and if they are confirmed with our Main Zone drilling it may provide the structural setting required to realize increased average grades.

The Main Zone is located in the central part of the Evelyn property (see Illustration 1). It is interpreted as a series of north-northeasterly striking and moderately east dipping lenses occurring over an identified strike length of approximately 250 m and drilled to a vertical depth of approximately 120 m.

87 m at an average grade of 0.13 g/t Au including an interval of 8 m at 0.34 g/t Au
86 m at an average grade of 0.17 g/t Au including an interval of 10 m at 0.55 g/t Au
34.7 m at an average grade of 0.28 g/t Au including 5.65 m at 1.0 g/t Au
29.0 m at an average grade of 0.47 g/t Au including 6.0 m at 0.97 g/t Au

West El Sahuaro Drill Target and Description

The drill plan at West El Sahuaro targets a large gold in soil anomaly spatially associated a northwest trending structure that was derived from mapping as well as IP resistivity interpretation. An addition, interpretation of the newly acquired Plomo property data suggests that we can trace this northwest trending structure onto the Plomo property and success with our West Sahuaro drill program could significantly expand the exploration potential at the EP project as a whole.

El Sahuaro Zone is located in the northeastern part of the property (see Illustration 2 and 4) and is a priority target area for the Company. West of El Sahuaro zone, a sharp north-northwest trending gradient in apparent resistivity (Illustration 2) is interpreted as a fault zone that separates dominantly rhyolite to the southwest with a mixed succession of rhyolite and andesite with Proterozoic metamorphic rocks to the northeast.

To further explore the interpretation of apparent resistivity, the Company completed in-fill soil sampling of the historical soil geochemistry survey which resulted in a coherent soil anomaly over an approximately 500 m length and 200 m width with a north-northwest trend: parallel to the resistivity gradient. Anomalous soil samples in the anomaly area are interpreted to be locally derived. The plan at El Sahuaro includes drilling a series of holes in a southwest direction across the soil anomaly and through the resistivity gradient. Eight hundred metres of RC drilling is planned for the West Sahuaro target.

· 15 m at an average grade of 2.36 g/t Au

· 22 m at an average grade of 0.17 g/t Au

· 25 m at an average grade of 0.10 g/t Au

· 3 m at an average grade of 0.92 g/t Au

· 6 m at an average grade of 0.627 g/t Au

· 2 m at an average grade of 1.943 g/t Au

About the EP Gold Project

The Evelyn property was acquired by the Company in 2012 and the acquisition of the Plomo property was completed in March of 2023. On the Evelyn property, Colibri has completed comprehensive surface exploration including soil sampling, geological mapping and outcrop sampling, an airborne magnetic survey, and a property wide induced polarization survey. Since February 2020, Colibri has drilled a total of 10,133 metres (total of reverse circulation and core drilling) and is advancing mineralized zones at the Main Zone and El Sahuaro. On the Plomo property, the Company has compiled historical exploration data and has completed its first exploration program which included geological mapping and outcrop sampling at selected target areas on the property. The Company is continuing to advance its EP project-wide interpretation and exploration model and has identified 13 target areas with historical work that includes high grade grab samples from outcrop, high grade grab and channel samples from historical mine working, and drill intercepts that are both locally high grade and are consistent with grades being mined in the Caborca Gold Belt. In addition to the plans reported here, the Company is prioritizing additional target areas on the EP property for drilling and is also planning further field work to evaluate and advance earlier stage targets and to comprehensively evaluate and explore the complete project area.

QUALIFIED PERSON

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

ABOUT COLIBRI RESOURCE CORPORATION:

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

Notice Regarding Forward-Looking Statements:

For information contact:

Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

COLIBRI REPORTS AGM RESULTS

Wed, 12 Jul 2023 02:31:17 GMT

NEWS RELEASE - Dieppe, NB., July 12 ^th , 2023 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") announces that all matters submitted to shareholders for approval, as set out in the Company’s “Notice and Management Proxy Circular” dated June 6 ^th , 2023 (“Circular”), were approved by the requisite majority of votes cast at its Annual General and Special Meeting held on July 7 ^th , 2023, including resolutions:

Electing Ronald Goguen Sr., Jamie Lavigne, Kevin O’Connor, William MacDonald, Camilla Cormier, and Ian McGavney as directors of the Company;
Re-appointing Wasserman Ramsey, Chartered Professional Accounts as auditors of the Company for the ensuing year; and
Approving the continuation of the incentive stock option plan of the Company (“Option Plan”)

ABOUT COLIBRI RESOURCE CORPORATION:

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

Notice Regarding Forward-Looking Statements:

For information contact:

Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

COLIBRI PROVIDES TERMS OF ITS ACQUISITION OF THE 4,260 HA PLOMO GOLD PROJECT IN CABORCA GOLD BELT

Tue, 21 Mar 2023 17:50:14 GMT

NEWS RELEASE - Dieppe, NB., March 21st, 2023 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company"), provides additional details of terms to acquire the Plomo Gold Project and further background as a follow up to its release of March 16, 2023.

Overview of Plomo Gold Project

The Plomo property covers an area of approximately 4,260 hectares (“Ha”) and is contiguous with the Company’s Evelyn Property. The additional land increases Colibri’s area footprint by 842% to a total of 4,766 hectares.

The current database includes 1,853 surface rock samples of which 132 samples are greater than 1.0 g/t Au, 15 high grade samples are greater than 10 g/t Au and 524 samples are greater than 0.1 grams per tonne (“g/t”) Au. Surface exploration included prospecting, a 14.1 line Km 3D induced polarization study, mapping, and rock sampling. To date, 9 target areas have been identified on the Plomo property. (See: Figure 2 below).

Underground sampling completed in the adit at the Banco de Oro prospect in 2008 is reported to have included 298.0 g/t Au over a chip length of 2.4 metres

The Plomo property has been subject to only very limited exploration drilling, which was very early on in its exploration, with a total of 1,570 meters completed in 10 holes. A highlight of the drilling is the intercept of 0.66 g/t Au over an intersection length of 11.65 metres (“m”) completed in the San Perfecto target area.

The Evelyn and Plomo properties are located in the 500 km long, northwest trending Caborca Gold belt which includes the > 15 million ounce Au La Herradura Mine (located 30 km west of Plomo) and the > 2 million ounce Au Noche Buena Mine (located approximately 8 km southwest of Plomo). Both mines are owned by Fresnillo Plc who is the largest gold producer in Mexico. The Plomo and Evelyn claims are surrounded by claims held by Fresnillo Plc. (See: Figure 1 below)

Terms

Colibri paid $100,000 CAD cash to acquire the Plomo project by way of buying 100% of the shares outstanding in Great Panther Mining’s (“Great Panther”) wholly owned subsidiaries, which hold the Plomo. The deal was successfully concluded with Great Panther’s Trustees in Bankruptcy.

Plomo History & Background

Plomo was originally acquired by Cangold Ltd. in 2006 for $100,000 in cash payments, issuance of 700,000 shares of Cangold stock (shares were trading at approximately $0.50 at the time) and issuing the vendor an additional 500,000 share purchase warrants at $0.50 per share.

The project was the target of intense exploration activity in 2006, 2007, and 2008 when Cangold completed a significant amount of mapping, geochemical sampling (1100 samples), and a 1,570m diamond drill program. The company returned to its field exploration at Plomo in 2012, sending several hundred more samples for assay and completing increasingly detailed mapping.

In 2015, Cangold was acquired by Great Panther Mining. The Plomo continued to be retained as an exploration asset with all property taxes paid semi annually.

Encouraged by its discoveries at Evelyn, Colibri signed a mutual non-disclosure agreement with Great Panther to share data mid year 2021. Based on its due diligence, Colibri forwarded an offer to purchase the Plomo Gold project for $1 million CAD in December of that year. The offer was rejected, and it was understood that Great Panther management had instead decided to complete further exploration of the Plomo in an effort to grow the company’s resources organically.

The following year, from April to November 2021, Great Panther completed exploration activities at Plomo to better understand the structures and lithologies associated with previously identified gold mineralization to determine targets for future drilling. To support this work, they retained TMC Geofisica to perform a 14.1 line kilometre 3D IP study covering the area bordering Colibri’s Evelyn project over to Plomo’s San Perfecto target. We now know that the results generated from these studies were very encouraging, however Great Panther had been experiencing significant cashflow problems due to its mining operations (as illustrated by its financial statements in published early 2022). As a result, no further exploration was funded at Plomo in 2022.

In September 2022, Great Panther filed for CCAA protection from its creditors. Colibri management reached out GPR to determine if there may now be an opportunity to buy the Plomo project and received a positive response.

Colibri geologists reviewed the updated Plomo database and in December 2022 submitted an offer to buy the Plomo Gold project, however, was subsequently informed that Great Panther had already formally filed for bankruptcy with the courts and its management were no longer the custodians of its assets. Colibri in turn submitted a modified offer of $100,000 CAD to the trustees of the GPR bankruptcy and the offer was accepted.

Ian McGavney COO of Colibri states "I am extremely happy that we were able to acquire this large piece of ground in this prime district, along with its significant geological database. Great Panther/Cangold did excellent exploration work at Plomo and unveiled a great deal of potential. The fact that we offered $1 million CAD for the project two years ago and that it was rejected by Great Panther would seem to indicate that their management also saw its upside potential. Review of their 2021 field work has only added more reasons for us to want to own this project. We were in the right place at the right time and seized the opportunity.”

ABOUT COLIBRI RESOURCE CORPORATION:

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

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:

Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

COLIBRI ACQUIRES 4260 HECTARE “PLOMO GOLD” PROPERTY IMMEDIATELY EAST OF ITS EVELYN PROJECT IN CABORCA GOLD BELT, SONORA, MEXICO

Thu, 16 Mar 2023 17:40:00 GMT

NEWS RELEASE - Dieppe, NB., March 16, 2023 - Colibri Resource Corporation (TSX.V:CBI) (OTC:CRUCF) ("Colibri" or the "Company") is very pleased announce the strategic acquisition of the “Plomo Gold” property located in the Caborca Gold Belt, northwest Sonora, Mexico.

HIGHLIGHTS INCLUDE:

The Plomo property covers an area of approximately 4,260 hectares (“Ha”) and is contiguous with the Company’s Evelyn Property. The additional land increases Colibri’s footprint by 842% to a total of 4,766 hectares.

The Plomo and Evelyn properties are located in the 500 km long, northwest trending Caborca Gold belt which includes the > 15 million ounce La Herradura Mine, located 30 km west of Plomo and the > 2 million ounce Noche Buena Mine located approximately 8 km southwest of Plomo.

The current (historical) database totalling 1,853 surface rock samples includes 524 samples greater than 0.1 grams per tonne (“g/t”) Au, 132 samples greater than 1.0 g/t Au, and 15 high grade samples greater than 10 g/t Au. Surface exploration including prospecting, mapping, and rock sampling since 2007 has resulted in the identification of 9 target areas on the Plomo property.

Underground sampling completed in the adit at the Banco de Oro prospect in 2008 are reported to have included 298.0 g/t Au over a chip length of 2.4 metres

The Plomo property has been the subject of only very limited exploration drilling, completed in 2008, with a total of 1,570 meters completed in 10 holes. A highlight of the drilling is the intercept of 0.66 g/t Au over an intersection length of 11.65 metres (“m”) completed in the San Perfect target area.

The Plomo property has had small scale artisanal mining including, pits, adits, and placer mining dating back to the 18 ^th century. First recorded exploration was in 2006 and the property has been the subject of only episodic exploration since that time.

Due diligence mapping and sampling completed by Colibri geologists has confirmed vein style mineralization consisting of veins, veinlets, and vein stockworks, altered host rocks that include intense silicification, sericite, disseminated pyrite, and locally tourmaline bearing stockworks and breccias.

Compilation and due diligence related field work completed by Colibri has provided the foundation for continued exploration planning which includes the prioritization of drill targets on the newly combined Evelyn-Plomo property, the planning and execution of field exploration programs to advance targets to the drill stage, and property scale surveys to completely evaluate and realize the property potential.

Ron Goguen, President & CEO of Colibri commented, “Plomo is a great addition to our property portfolio in Sonora. We have been very encouraged with the progress made on our Evelyn property over the last 18 months and the acquisition of Plomo provides us with a much expanded footprint for discovery. Our technical due diligence on the Plomo property confirmed significant continuity of alteration and structure especially in the San Perfecto target area and most significantly confirms the application of our exploration model developed to date through our work at Evelyn”.

Plomo Location and Geological Setting

The Plomo Gold property is located in northwestern Sonora, approximately 50 kilometres (“km”) northwest of the town of Caborca (Map 1). The Plomo property consists of 2 exploration concessions covering an area of 4,260 Ha located immediately to the east of the Company’s Evelyn property. The Plomo property is located within the Caborca Gold belt which consists of vein, replacement, and disseminated styles of Au mineralization interpreted as Orogenic type gold mineralization emplaced during the Laramide Orogeny. Major deposits currently or recently in production include La Herradura, San Francisco-Llano, El Chante, Soledad-Dipolos, and Noche Buena (see map 1). The Caborca Gold belt remains a very active exploration district with development projects occurring at Tajitos (920,000 Oz Au Indicated Resource and 173 Oz Au Inferred Resource).

Plomo Historical Exploration and Results

The Plomo property has been the object of historical, very small scale mining activity consisting of test pits and adits and likely minor gold production thought to date back to the 18 ^th century. It appears that modern exploration and evaluation of Plomo was initiated with geological mapping and sampling in 2006 with the collection and analyses of several hundred out crop samples. Mapping, sampling, and assaying of outcrop grab samples was completed in 2007 and 2008 also with the collection and analyses of several hundred samples. Diamond drilling was completed on the Plomo property during 2008 with the completion of 10 holes totalling 1,570 m. The next recorded exploration on the property was 2012 with the further collection of outcrop samples and mapping and during this time geological mapping completed to date was compiled. The next phase of work recorded was completed in 2021 and consisted of further geological mapping and sampling as well as 14.1 line kilometres of Induced Polarization (“IP”) survey which borders the eastern boundary with Evelyn.

The field work completed on the Plomo property since 2006 has resulted in the collection of a large number of high grade outcrop samples (Figure 2). A total of 1,853 surface rock samples includes 424 samples greater than 0.1 grams per tonne (“g/t”) Au, 132 samples greater than 1.0 g/t Au, and 15 high grade samples greater than 10 g/t Au. The sampling has resulted in the identification of 9 prospect areas on the Plomo property (Figure 2).

Colibri has completed compilation of historical exploration data and information and has completed due diligence field work. Based on this work, Colibri has prioritized targets for continued exploration on the Plomo property.

Highlights include:

The Banco de Oro prospect area occurs over an area of approximately 1,000m x 450m which includes a narrow south-southeast striking and shallow west dipping open cut developed on surface over an approximately 70 m strike length. The extent of underground development is unknown to the Company. Numerous historical surface grab samples > 1 g/t, including 5 samples > 5 g/t Au, from Banco de Oro form a north-northeast trend over an approximately 1 km distance. Historical sampling of the fault zone exposed in the open cut at surface and underground returned 298.0g/t Au over 2.35 metres, 15.1g/t Au over 0.65 metres, 14.5g/t Au over 0.80 metres and 11.0g/t Au over 0.60 metres. Mineralization at Banco de Oro consists of brecciated quartz veins hosted in foliated sericitized rhyolite and is interpreted to be at the intersection northwest trending and northeast trending fault zones. The Banco de Oro is a priority target area with the objective of developing a drill plan.

The San Perfecto target includes numerous grab samples with Au > 1 g/t occurring over a over a NE-SW trend length of approximately 950 m and a NW-SE trend length of approximately 700m and includes several samples > 5 g/t Au (see Figures 2 and 3). The San Perfecto area is the target of recent alluvium placer mining and contains several older pits of uncertain age. Due diligence field work by the Company confirms that the area is underlain by well developed and continuous zones of quartz-sericite-hematite+/- pyrite alteration and is characterized by numerous faults and shears zones trending both NE and NW. Two drill holes have been completed in the San Perfecto target area one of which which intersected 0.66 g/t Au over 11.65 m. The San Perfecto area is coincident on a NW trend with the Company’s Sahuaro target on the Evelyn property. The San Perfecto is a priority target area with the objective of developing a drill plan. As a priority, the Company will also be evaluating structural controls and the potential continuity of the San Perfecto and the Evelyn’s Sahuaro zone along a NW trending structural domain.

The Pavorreal target is located NE of the San Perfecto target area and similarly contains zones of pervasive quartz-sericite-hematite-pyrite alteration. However, historical work also recognizes tourmaline alteration including tourmaline in NW trending structures reported to be traced over a 600 m strike length and containing anomalous gold values including 5.82 g/t Au. Due diligence mapping by the Company confirms the presence of tourmaline-quartz alteration locally forming overprinting stock work and breccia textures. Preliminary observations by the Company indicate that the quartz-sericite-pyrite + tourmaline alteration is hosted, at least in part, by granodiorite. The Pavorreal is a priority target area to complete advanced geological mapping and sampling with the objective of advancing the target to the drill stage.

The Bonancita target area is located in the north-central part of the property northeast of the San Perfecto and Pavorreal targets and consists of 4 prospect areas; Bonancita, and Bonancita NW1, NW2, and NW3. Historical work in the Bonancita target area notes very strong NW trending foliation development. The extent and significance of the foliated zone remains unknown to the Company. However, the Company notes that three of the occurrences, Bonancita, and Bonancita NW1, and NW2, which all contain historical grab samples greater than 1 g/t Au, form a well defined NW trending linear. Compilation by the Company confirms that the alignment of the 3 prospects, is coincident with both a strong topographic lineament and with a strong, NW trending, regional scale magnetic gradient lineament. Recent exploration reports on Plomo have recommended drilling at both the Bonancita NW1 and NW2 prospects. Colibri views the Bonancita target area as an earlier stage opportunity to evaluate the potential for a large gold system through geological mapping and possibly geophysics to support future drill hole planning.

Plomo Geology and Mineralization

The Plomo property is underlain by a variety of rock types that include Paleoproterozoic metamorphic rocks, a sequence of Jurassic volcanic rocks ranging in composition from andesite to rhyolite, and intrusive rocks that include diorite, granodiorite, and monzonite. Based on the Company’s due diligence data compilation and field work, and correlation with mapping completed on the Evelyn property, Colibri interprets the intrusive rocks to be part of both the Jurassic volcanic-sedimentary sequence and the subsequent Cretaceous/Paleocene Laramide tectonic-magmatic event.

Structures previously mapped on the Plomo property trend dominantly northwest-southeast and to a lesser extent to the northeast-southwest. These fault and shear zone orientations are recognized as a regional control on the occurrence and distribution of gold mineralization in the Caborca Gold belt. Through compilation, evaluation of available geophysical data sets, and field due diligence work, Colibri correlates faults and structural domains mapped on the Evelyn property onto the Plomo property. Preliminary evaluation of geophysical data sets suggests that a major NNW-SSE trending structure, mapped and also interpreted from resistivity data, on the Evelyn property is continuous on the southwestern Plomo property.

Gold mineralization on the Plomo property consists of quartz veins, veinlets, and stockworks with disseminated pyrite, oxidized pyrite associated with dominantly quartz-sericite-hematite-pyrite alteration. Anomalous gold values from historical work are also associated with quartz-pyrite-tourmaline bearing alteration assemblages. Colibri’s due diligence field work confirmed the presence of historically sampled gold mineralization to be hosted by multiple rock types including andesite, diorite, granodiorite, and rhyolite.

Ian McGavney, COO of Colibri commented, “The Plomo property, like our Evelyn property, has a great address. It contains all the ingredients that characterize large gold deposits in the Caborca Gold Belt and contains targets we consider to be drill ready. We are of the opinion that while Plomo been the object of very well executed surface exploration programs that have advanced very promising prospects, it has not yet seen a sustained and systematic approach to exploration. Minimal drilling has been completed and it was completed very early on in the exploration history of the property without the benefit of recent work. However, we are of the opinion that the work completed to date provides an excellent framework for continued exploration and combined with our Evelyn property provides over 4,776 Ha from which to prioritize drill programs and ground exploration programs”

Plomo and Evelyn Next Steps

The compilation and due diligence field work completed in the acquisition phase provides an excellent start to exploring Plomo. The review has provided the Company a much greater understanding of the high quality targets on the Plomo property. The Company is continuing its geo-compilation with the objective of completing a seamless dataset across the Evelyn-Plomo property and further developing its exploration model to include observations and data from Plomo.

The combined Evelyn-Plomo property provides Colibri with discovery opportunities that range from advanced (drill ready), intermediate, and early stage. The planned exploration strategy includes:

Prioritization of drill targets
Development of drill targets from existing prospects
Property wide evaluation

Prioritization of drill ready targets: The combined property provides a number of high-quality drill targets. On the Evelyn side targets include the Main Zone and El Sahuaro. On the Plomo side, drill targets include Banco de Oro, San Perfecto, and the Pavorreal prospects. The Company will be evaluating these targets, deriving drill plans for each.

Development of additional drill targets: Current and planned exploration on the Evelyn property include ‘short hole’ drilling under alluvial cover immediately north of the Main Zone, evaluation of the Central Evelyn prospect, evaluation of a potentially major structure mapped and interpreted from a very strong resistivity gradient, and evaluation and drill testing a very well defined soil anomaly. On the Plomo property, the compilation completed to date points to the Bonancita target area and potentially related large NW trending structure as an area for continued exploration to develop a drill target.

Property Wide Evaluation: A near term priority for Colibri is the completion of a seamless (GIS) compilation of all Evelyn and Plomo geology, geophysics, and geochemistry. In addition to other possible initiatives, the Company anticipates completing a high resolution airborne magnetic survey over the Plomo property, similar to that completed at Evelyn in 2021, completing property wide geological mapping, and completing a property wide soil geochemistry survey. The Company is of the opinion that this work will support the interpretation of drill ready and advanced targets as well as providing the opportunity for early stage discovery.

QUALIFIED PERSON

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

ABOUT COLIBRI RESOURCE CORPORATION:

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

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:

Ronald J. Goguen

President, Chairperson and Director

Tel: (506) 383-4274,

rongoguen@colibriresource.com

COLIBRI AND PARTNER HAVE EARNED 50% OF DIAMANTE PROJECT

Wed, 08 Feb 2023 19:25:44 GMT

NEWS RELEASE - Dieppe, NB. February 8 ^th , 2023 - Colibri Resource Corporation (CBI-TSXV) ("Colibri" or the "Company") is pleased to report that the Company and its partner Silver Spruce Resources (“Silver Spruce”) have earned a 50% ownership interest in the Diamante Gold & Silver Project (“Diamante” or “Project”) located in Sonora Mexico. Vendor Bimsa Minera SA de CV of Mexico (“Bimsa”), a privately owned Mexico based mineral exploration company retains 50% ownership in the Property. Highlights of drilling completed on the property during the summer of 2022 are summarized in the table below.

“We are extremely pleased to have completed the required exploration to earn an initial 50% of this large and highly prospective project. Diamante is located in the Sierra Madre volcanic sequence of Mexico and within a district of epithermal mineralization which hosts many producing and historic gold, silver and base metal mines. Diamante drilling completed in mid 2022, which returned very encouraging assays, was on just two of eight already defined drill targets. We will plan to expand on these results and test other targets in 2023 in conjunction with additional field exploration and possibly a geophysics program.” said Ian McGavney, Chief Operating Officer of Colibri.

2022 DRILLING HIGHLIGHTS

*Au and Ag equivalents were calculated using metal prices of US$1660 per ounce Au, US$18.65 per ounce Ag, US$1.32 per pound Zn, and US$0.83 per pound Pb; Lengths are intersection length. True widths are not known.

ABOUT THE DIAMANTE PROPERTY

The Diamante is located within a belt of Epithermal Au-Ag mineralization hosted by the Sierra Madre Occidental Volcanic Complex. Major gold mining operations in the area of the Diamante property include Alamos Golds’ Los Mulatos Mine and Agnico Eagles’ El India and Pinos Altos Mines. The Property is located approximately 12 kilometres (“km”) northwest of Minera Alamos’ Santana Au development project which is anticipated to commence commercial production within the near term. The Property is located approximately 170 km southeast of Sonora state capital Hermosillo and approximately 10 km northwest of the town of Tepoca. The property is accessed directly from Sonora state Highway 16.

The 1,057-hectare Diamante property is located adjacent to the Company’s Mezquite and Jackie properties which cover 180 and 1113 hectares respectively providing the company with a total of 2,351 hectares of exploration ground. Drilling results at El Mezquite in 2021, located approximately 1.5 km west of El Pillado, include 0.83 g/t Au over an intersection length of 3.0 m and 2.95% Zn over an intersection length of 1.5 m. The Diamante property hosts a number of historical showings and combined with mineralization on the Mezquite and Jackie properties exhibit the geological characteristics of epithermal low to intermediate sulfidation Ag-Au (Pb-Zn), high sulfidation Au-Cu, and potential transition zones within and peripheral to porphyry style Au-Cu defined within the system.

BACKGROUND OF AGREEMENTS

Colibri, by way of its Mexico subsidiary Yaque Minerales Sa de CV, entered into an earn-in agreement which was announced February 2021 with Bimsa Minera to purchase up to 100% of the Diamante property. The Diamante project was then placed into a new company called BIMCOL Minera SA de CV. Fifty percent of the shares in BIMCOL were then placed into trust on behalf of Yaque Minerales (to be released upon completion of the first phase of the agreement).

Terms with Bimsa Minera

To earn an initial 50% the Company agreed to pay Bimsa $100,000 USD, complete 2,000 metres of exploration drilling at Diamante, and complete a comprehensive drilling report that would be written to standards such that it could be used in the future to help create a Technical Report written to National Instrument 43-101 standards. Colibri also agreed to pay 100% of the additional exploration expenses and surface access rights expenses in addition to paying half of the land taxes payable to the Government of Mexico. The Company has satisfied all of these commitments and has been given notice that the vendor has instructed legal council to release shares equating to 50% of Bimcol Minera to Yaque Minerales.

Terms with Silver Spruce Resources

In April 2021, Colibri entered into a sidecar agreement with Silver Spruce Resources whereby Silver Spruce could earn 50% of Colibri’s potential 50% of the project by paying Colibri $75,000 USD and paying 75% of the project costs with the exception of property taxes where Silver Spruce pays Colibri 50% of the portion owed to Bimsa. The 75% portion paid by Silver Spruce included field exploration, lab costs for samples, road & pad building, and drilling.

Now that Yaque Minerales has earned/purchased fifty percent of the shares of Bimcol Minera (the holder of the Diamante) the project will be operated by Colibri/Silver Spruce. BIMCOL Minera will have four Directors, two representatives from Bimsa Minera and two from Colibri/Silver Spruce with the Chairperson from Colibri holding the ability to break a tie vote.

The completion of this collective purchase of 50% of Diamante now triggered a six-month exclusivity period for Yaque Minerales (Colibri/Silver Spruce) to purchase the remaining 50% of the shares of Bimcol Minera from Bimsa Minera. Bimsa’s shares can be purchased by Yaque Minerales for either $2.1 million USD or for $1.4 million USD and by issuing Bimsa a 2% Net Smelter Royalty on the project. Should Yaque decide not to execute its rights to purchase the remaining 50% of Diamante, all parties will continue as a joint venture partnership and participate in cash calls as per their proportional ownership.

GOING FORWARD

Colibri and its partners are currently reviewing all project data and determining the next steps to be taken on the project. Plans will be released as they are finalized.

QUALIFIED PERSON

Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

ABOUT COLIBRI RESOURCE CORPORATION

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

Notice Regarding Forward-Looking Statements:

For information contact: Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

colibri-resource

Colibri Intersects 7.5 m of 2.92 g/t Gold and 30 m of 0.73 g/t Gold from Surface in Maiden Drill Program at the Plomo Claims, EP Gold Project, Sonora, Mexico

Colibri Resource Advances First-Pass Drill Program at San Perfecto and Priority Targets, EP Gold Project, Sonora, Mexico, Within a Region Hosting Projects Operated by Fresnillo Plc, Agnico Eagle, Osis

Colibri Resource Reports Drilling Progress at the San Perfecto Target, EP Gold Project, Sonora, Mexico, Within a Region Hosting Projects Operated by Fresnillo Plc, Agnico Eagle, Osisko Development, Mi

Colibri Resource Commences Drilling at EP Gold Project, Sonora, Mexico

Strategically Located Within and Adjacent to Fresnillo Plc Concessions ﻿

Colibri Provides Summary of Over-Subscribed Non-Brokered Private Placement

Colibri Announces Closing of Second Tranche of Its Over-subscribed Non-Brokered Offering

Colibri Announces Closing of First Tranche of Its Over-subscribed Non-Brokered Offering and Engages CANMEX for Drilling at EP Gold Project

Colibri Upsizes Fully Subscribed Unit Offering; Will Conduct Closing in Two Tranches

Colibri Announces Increase in Equity Offering Due to Strong Investor Demand; Progress Toward Selection of Drilling Contractor for EP Gold Project

Colibri Announces $1.625M Non-Brokered Private Placements of Equity Units and Convertible Debenture Units To Advance Mexican Gold Projects

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

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

Colibri Resource Corporation Announces Director Change

Colibri Announces Proposed Amendments to Debentures and Warrants

Colibri Resource Corporation Announces Results of Annual General Meeting

Colibri Announces Effective Date of Share Consolidation

Colibri Resource Corporation Consolidates Ownership of Diamante Project, Prepares for Growth with Strategic Asset Realignment and Share Consolidation

Colibri and Partner – Expands Main Zone by 70 metres – Returning 7.2 g/t Gold and 80 g/t Silver Over 2.6 meters within 46.9 meters of 0.5 g/t Gold at the El Pilar Gold-Silver Project

Colibri Announces Closing of Second and Final Tranche of Non-Brokered Private Placement

Colibri and Partner - Core Drilling Discovers High Grade Gold Mineralization 300 metres East of Main Zone – Returning 21.6 g/t Gold and 209 g/t Silver Over 3.0 metres at the El Pilar Project

Colibri and Partner - Drilling Returns 1.6 g/t Gold Over 36.6 meters from Surface which Includes High-Grade of 15.2 g/t Gold Over 1.2 meters and 5.8 g/t Gold Over 3 meters at El Pilar Gold Project

Colibri & Partner Drill 83.5 metres at 1.3 grams per tonne Gold (including 10.3 grams per tonne Gold over 9.7 metres) at El Pilar Gold & Silver Project in Sonora Mexico

Colibri Announces Closing of First Tranche of Its Non-Brokered Private Placement

Colibri Update: 1,122 Metres Completed in 10 Holes At The Pilar Gold & Silver Project In Sonora Mexico

Colibri Reports: Six Holes Completed At The Pilar Gold & Silver Project In Sonora Mexico

Colibri And Partner Commences Diamond Drilling At Pilar Gold & Silver Project

Colibri Announces Closing of First Tranche of Its Non-Brokered Private Placement and Sale of Its RC Drill Rig

Colibri Announces Non-Brokered Private Placement

Colibri Samples 4.64 g/t Au At The Ep Project, Caborca Gold Belt, Sonora, Mexico

COLIBRI PARTNER REPORTS PLANS FOR FURTHER DRILLING AND A POTENTIAL ON-SITE TEST MINE AT THE PILAR MAIN ZONE

COLIBRI REPORTS 3rd BATCH OF DRILL RESULTS FROM ONGOING DRILL PROGRAM AT THE PILAR GOLD AND SILVER PROJECT IN SONORA

Colibri Lists Common Shares On Frankfurt Stock Exchange

Colibri Reports Drill Results Of 42.7 Metres Of 1.0 G/T Gold - Including 3.1 Meters Of 10.9 G/T Gold At North Hill Target On The Pilar Gold And Silver Project In Sonora

COLIBRI REPORTS DRILL RESULTS OF 56.4 METRES OF 1.0 G/T GOLD - INCLUDING 9.2 METERS OF 5.3 G/T GOLD AT 4-T TARGET ON THE PILAR GOLD AND SILVER PROJECT IN SONORA

Colibri And Partner Begins Infill Drilling At Main Zone Of Pilar Gold And Silver Project In Sonora

Colibri Retains 49% Interest In Pilar And Will Enter Into A JV

Colibri Discovers New Zone Of Gold Mineralization On The Ep Property In Sonora, Mexico

COLIBRI COMPLETES 2,200m DRILLING PROGRAM AT “EP PROJECT” IN CABORCA GOLD BELT

COLIBRI ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

COLIBRI BEGINS PHASE 3 DRILLING AT THE EVELYN PROPERTY

COLIBRI REPORTS AGM RESULTS

COLIBRI PROVIDES TERMS OF ITS ACQUISITION OF THE 4,260 HA PLOMO GOLD PROJECT IN CABORCA GOLD BELT

COLIBRI ACQUIRES 4260 HECTARE “PLOMO GOLD” PROPERTY IMMEDIATELY EAST OF ITS EVELYN PROJECT IN CABORCA GOLD BELT, SONORA, MEXICO

COLIBRI AND PARTNER HAVE EARNED 50% OF DIAMANTE PROJECT

Strategically Located Within and Adjacent to Fresnillo Plc Concessions