Colibri Resource Corporation (CBI)

Colibri Provides Update on Diamante Project Acquisition and Jackie Project DispositionJune 15, 2026 3:30 PM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - June 15, 2026) - Colibri Resource Corporation (TSXV: CBI) (the "Company") wishes to provide the following updates regarding its acquisition of an additional 10% in its Diamante project to 60% and the disposition of its 50% interest in the Jackie project to Silver Spruce Resources Inc. (see the Company's news release dated May 12, 2025).Diamante ProjectAs previously disclosed on May 12, 2025, the Company and SSE entered into an agreement whereby SSE will transfer its 50% ownership in Yaque Minerals Inc. ("Yaque") to the Company in exchange for the forgiveness of $80,000 of outstanding exploration expenditures owed to the Company by SSE. The transaction will result in the Company owning 100% of Yaque and an effective 60% interest in the Diamante Project. As there is a common director between the Company and SSE (Kevin O'Connor), the transaction is deemed to be non-arm's length under TSX Venture Exchange rules (the "Exchange") and is therefore subject to Exchange approval. The transaction, however, is not subject to Multilateral Instrument 61-101 or TSXV Policy 5.9 and as such, minority shareholder approval or valuation requirements are not required.The acquisition will result in Colibri holding 60% interest in the Diamante Project. The transaction simplifies the ownership structure, provides the Company with greater flexibility in managing its investment in Diamante, and eliminates the need to coordinate future decisions through a joint venture ownership arrangement. Management believes the transaction represents an attractive opportunity to increase the Company's exposure to a highly prospective gold-silver project without share dilution or additional cash consideration.Since earning its initial interest in the Diamante Project, Colibri and its partners have completed drilling, geophysical surveys, geological mapping and geochemical sampling programs that have identified multiple mineralized targets and expanded the project's exploration potential. The Company remains encouraged by the exploration results generated to date and believes Diamante continues to represent a valuable component of its Mexican precious metals portfolio.Jackie PropertyAs previously disclosed, on May 12, 2025, the Company and SSE entered into an agreement whereby the Company agreed to sell its 50% interest in the Jackie Property to SSE in exchange for $25,000 of shares of SSE and a 1% Net Smelter Return royalty on any future production from the Jackie Project. The agreement was amended on November 12, 20225 whereby it was confirmed that SSE would be issuing 166,667 common shares to the Company. As there is a common director between the Company and SSE (Kevin O'Connor), the transaction is deemed to be non-arm's length and is therefore subject to Exchange approval. The transaction, however, is not subject to Multilateral Instrument 61-101 or TSXV Policy 5.9 and as such, minority shareholder approval or valuation requirements are not required. SSE has already obtained conditional approval from the Exchange (see SSE's news release dated June 5, 2026).The disposition of the Company's 50% interest in the Jackie Project is consistent with management's strategy of focusing capital and technical resources on its core assets, including the EP Gold Project, the Pilar Gold & Silver Project and the Diamante Project. The Company also retains a 1% Net Smelter Return royalty on the Jackie Project, preserving exposure to potential future project success.Kevin O'Connor, the common director of the Company and SSE, has abstained from voting on both transactions.About Colibri Resource CorporationColibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (TSXV: 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 highly prospective EP Gold Project in the prolific Caborca Gold Belt, (2) 49% of the advanced exploration staged Pilar Gold & Silver Project, and (3) a 60% interest in the Diamante Gold & Silver Project in the Sierra Madre region.For more information, please visit: www.colibriresource.comContact:Ian McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.comForward-Looking StatementsNeither 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301587 Original: Colibri Provides Update on Diamante Project Acquisition and Jackie Project Disposition

Colibri Resource Corporation Announces Director ResignationJune 5, 2026 3:20 PM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - June 5, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") announces that it has received the resignation of Mr. Mark Smethurst as a director of the Company, effective immediately.The Company thanks Mr. Smethurst for his service and wishes him well in his future endeavors.About Colibri Resource CorporationColibri 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), and an additional 60% interest in highly prospective claims at the Diamante Gold & Silver Project.ON BEHALF OF THE BOARDIan McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.comNotice Regarding Forward-Looking Statements: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.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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300372 Original: Colibri Resource Corporation Announces Director Resignation

Silver Spruce Resources Inc. Provides an Update On Jackie and Diamante ProjectsMay 5, 2026 12:10 PM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / May 5, 2026 / Silver Spruce Resources Inc. (TSXV:SSE) ("Silver Spruce" or the "Corporation") is pleased to provide an update regarding its Jackie and Diamante Projects located in Sonora, Mexico. As previously announced (see News Releases dated May 14, 2025 and November 12, 2025), the Corporation has entered into an agreement with Colibri Resource Corporation ("Colibri") (TSXV:CBI) pursuant to which Silver Spruce will acquire Colibri's 50% ownership interest in the Jackie Au-Ag property ("Jackie").The 1,130-hectare Jackie property is a precious metal project located 8km west-southwest of the town of Tepoca, and 170 km southeast of the capital city of Hermosillo, eastern Sonora, Mexico. Jackie Property is situated within the west-central portion of the Sierra Madre Occidental Volcanic Complex of northern Mexico. Mining and exploration in the surrounding area is active with adjacent and nearby properties held by Alamos Gold, Argonaut, Agnico Eagle, Evrim, Newmont, Garibaldi, Kootenay Silver, and Penoles, among others. In consideration for Colibri's 50% interest, Silver Spruce will issue C$25,000 of common shares in the capital of the Corporation (the "Common Shares") to Colibri and grant a 1% Net Smelter Return royalty on any future production from the Jackie property. Following completion of the acquisition, Silver Spruce will own 100% interest in the Jackie property. The Company has applied for the approval of the Jackie transaction by the TSX Venture Exchange (the "TSXV") and the transaction remains subject to TSXV final approval.Additionally, as previously announced (see News Release dated May 14, 2025), Silver Spruce has entered into an agreement with Colibri pursuant to which is has agreed to relinquish to Colibri its 25% interest in the Diamante Project held via its 50% holding in Yaque Minerales SA de CV in exchange for forgiveness of approximately C$80,000 in outstanding exploration expenditures incurred by Colibri on the Diamante Project on behalf of Silver Spruce. The Diamante transaction is not subject to disinterested shareholder approval under the TSXV Policies but remains subject to the approval of the TSXV.Kevin O'Connor is a director of both Silver Spruce and Colibri and has abstained from voting on both transactions.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio now includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located

Colibri Resource Corporation Announces Adoption of Quarterly Reporting Exemption Under Coordinated Blanket Order 51-933April 24, 2026 12:41 PM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - April 24, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") announces adoption of semi-annual financial reporting ("SAR"). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. By adopting SAR, Colibri aims to reduce the administrative and financial burden associated with quarterly reporting allowing management to focus its resources on the Company's exploration and development programs.As a result of adopting SAR, the Company will not file interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three-month period ending March 31 and the nine-month period ending September 30 of each applicable fiscal year. Colibri will continue to file audited annual financial statements (due within 120 days of December 31) and six-month interim financial reports and related MD&A (due within 60 days of June 30).The Company remains committed to timely and transparent disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.ABOUT COLIBRI RESOURCE CORPORATIONColibri 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.ON BEHALF OF THE BOARDIan McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.comFORWARD-LOOKING STATEMENTSThis news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the Company's intention to adopt the SAR Pilot Program, the anticipated benefits of semi-annual reporting, and the Company's continued compliance with applicable securities legislation. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include, but are not limited to, changes in securities legislation or regulatory requirements, the Company ceasing to meet the eligibility criteria under the Blanket Order, and general economic and market conditions. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by applicable securities laws.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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294173
Original: Colibri Resource Corporation Announces Adoption of Quarterly Reporting Exemption Under Coordinated Blanket Order 51-933

Colibri Intersects 7.5 m of 2.92 g/t Gold and 30 m of 0.73 g/t Gold from Near Surface in Maiden Drill Program at the Plomo Claims, EP Gold Project, Sonora, MexicoMarch 13, 2026 9:47 AM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - March 13, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") 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. Highlights7.5 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 programGold mineralization intersected across an interpreted ~1.2 km mineralized structural corridor at the San Perfecto targetIan 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)Hole IDFrom (m)To (m)Interval (m)Au (g/t)PL25-00115.024.09.00.75PL25-0020.015.015.00.34PL25-00248.067.519.50.25PL25-00291.596.04.50.90PL25-0030.012.012.00.18PL25-0043.022.519.50.44PL25-00464.569.04.51.29PL25-0050.01.51.512.55PL25-00510.522.512.00.28PL25-00710.515.04.50.37PL25-0099.013.54.50.53PL25-01013.515.01.51.61PL25-0113.033.030.00.45(including)3.09.06.01.16(including)25.527.01.52.12PL25-0123.010.57.50.46PL26-0130.01.51.50.80PL26-0153.033.030.00.73(including)6.012.06.01.01PL26-0176.013.57.52.92(including)12.013.51.59.95PL26-02027.028.51.51.66PL26-02042.046.54.50.64PL26-02061.564.53.00.58PL26-0217.516.59.00.34PL26-0229.015.06.00.16 Figure 1: Phase 1 RC Drill Hole Locations - San Perfecto Target, Plomo ClaimsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4269/288399_39d158ded47a4970_001full.jpgSan Perfecto Target - Phase 1 RC Drill Program, Plomo ClaimsThe 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 StepsThe 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 TargetTwo 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 BlockDrill 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)Hole IDFrom (m)To (m)Interval (m)Au (g/t)EVE26-20313.552.539.00.13EVE26-20367.5123.055.50.12EVE26-203136.5141.04.50.27EVE26-203175.5177.0 (EOH)1.50.14 Figure 2: West Sahuaro Target Drill Hole Locations - Evelyn Claim BlockTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4269/288399_39d158ded47a4970_002full.jpgSampling and QA/QCRC 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 PersonThe 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 CorporationColibri 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.ON BEHALF OF THE BOARDIan McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.comNotice Regarding Forward-Looking Statements: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.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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288399
Original: Colibri Intersects 7.5 m of 2.92 g/t Gold and 30 m of 0.73 g/t Gold from Near Surface in Maiden Drill Program at the Plomo Claims, EP Gold Project, Sonora, Mexico

Colibri Closes Debenture Units OfferingFebruary 9, 2026 3:13 PM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - February 9, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to announce that, further to its news release of February 2, 2026, it has issued 115 convertible debenture units (the "Debenture Units") for gross proceeds of US$115,000 (the "Debenture Offering"). The Debenture Units were acquired by two former debenture holders whose original debentures matured in August 2025. The Debenture Offering does not represent new money to the Company.Each Debenture Unit consists of one (1) US$1,000 principal amount 10% unsecured convertible debenture (the "Debenture") and 5,200 common share purchase warrants (the "Debenture Warrants"). Each Debenture will bear interest at the rate of 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 February 9, 2028 (the "Maturity Date"). The principal amount of the Debentures are convertible into Common Shares, at the holder's option, at the rate C$0.25 per Common Share (the "Conversion Price") 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 the principal amount. 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 Debenture 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. This Debenture Offering has received TSXV consent. Securities issued under the Debenture Offering will be subject to a statutory four-month-and-one-day hold period. No finder's fees will be payable in connection with this placement.About Colibri Resource CorporationColibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (TSXV: 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, please visit: www.colibriresource.comIan McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.comForward-Looking StatementsNeither 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283287
Original: Colibri Closes Debenture Units Offering

Colibri to Conduct Placement of Debenture UnitsFebruary 2, 2026 4:21 PM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - February 2, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to announce that, further to its news release of October 17, 2025, it will be conducting a revised placement of up to 115 convertible debenture units (the "Debenture Units") for gross proceeds of up to US$115,000 (the "Debenture Offering"). The Debenture Offering is expected be taken up in its entirety by former debenture holders whose debentures matured in August 2025. Those persons participating on this basis will not represent new money to the Company.Each Debenture Unit consists of one (1) US$1,000 principal amount 10% unsecured convertible debenture (the "Debenture") and 5,200 common share purchase warrants (the "Debenture Warrants"). Each Debenture will bear interest at the rate of 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 principal amount of the Debentures are convertible into Common Shares, at the holder's option, at the rate C$0.25 per Common Share (the "Conversion Price") 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 the principal amount. 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 Debenture 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. This placement is subject to TSXV consent. Securities issued under the Debenture Offering will be subject to a statutory four-month-and-one-day hold period. No finder's fees will be payable in connection with this placement.About Colibri Resource CorporationColibri Resource Corporation is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (TSXV: 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, please visit: www.colibriresource.comContact:Ian McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.comForward-Looking StatementsNeither 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282432
Original: Colibri to Conduct Placement of Debenture Units

Colibri Announces Debt ConversionJanuary 29, 2026 2:39 PM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - January 29, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that, further to its news release of October 17, 2025, it has completed the conversion of $600,995 of debt to units of the Company (the "Debt Conversion"). Of the amount converted, $505,995 represents the principal amount and interest accrued of certain debentures which had matured in August 2025. The remaining $95,000 represents amounts owed to two arm's length trade creditors who have agreed to accept units in lieu of payment on accounts.Under the Debt Conversion, Colibri has issued 3,848,300 units ("Units") in aggregate and as follows:3,373,300 Units were issued to the debenture holders at a deemed price of $0.15 per Unit; each Unit being 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; and475,000 Units were issued to trade creditors at a deemed price of $0.20 per Unit; each Unit being 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$0.30 for a period of 24 months following issuance. All parties receiving the Units are arm's length to the Company. No finder's fees or commissions have been paid in relation to the Debt Conversion.The Common Shares and Warrants issued for the Debt Conversion are subject to a statutory hold period expiring on the date that is four months and one day after closing. Completion of the Debt Conversion remains subject to final acceptance of the TSX Venture Exchange."This is debt conversion represents an important milestone for the Company as it will remove a significant portion of current debt on the Company's balance sheet and move it into equity," said Ian McGavney, CEO. "As a result, we have significantly enhanced our ability to raise additional capital for our exploration projects."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) 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 further information contact: Ian McGavney, President, CEO and Director, Tel: (506) 383-4274, ianmcgavney@colibriresource.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Notice Regarding Forward-Looking StatementsThis 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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282088
Original: Colibri Announces Debt Conversion

Colibri Resource Completes Phase 1 Reconnaissance Drilling at the San Perfecto / Banco de Oro Targets at the EP Gold Project, Sonora, Mexico; Initial Assays Received and Additional Sampling UnderwayJanuary 28, 2026 12:25 PM
NewsfileDieppe, New Brunswick--(Newsfile Corp. - January 28, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to provide an update on gold exploration drilling and assay progress at its 100%-owned El Plomo Gold Project, a precious metal exploration property located in Sonora, Mexico.Summary:Colibri Resource Corporation has completed its Phase 1 reconnaissance reverse circulation drilling program at the El Plomo Gold Project in Sonora, Mexico, testing multiple priority gold targets.Initial gold assay results have been received from drill holes completed prior to the holiday break, with additional targeted "shoulder" sampling underway to further evaluate mineralized intervals and continuity.Drill samples from holes completed after the holiday break are currently being prepared for shipment to the assay laboratory, with additional gold assay results pending.EL PLOMO PROJECT - PHASE 1 RECONNAISSANCE DRILLINGColibri has completed its Phase 1 reconnaissance reverse circulation ("RC") drilling program at the El Plomo Gold Project in Sonora, Mexico. The program comprised twenty-two (22) RC drill holes completed across the San Perfecto and Banco de Oro target areas, together with one (1) RC drill hole completed at the West Sahuaro target on the Evelyn Project, for a total of approximately 1,815 metres drilled. Drilling was completed in stages, with an initial stage prior to the year-end break and the remainder completed in January 2026.The drilling program was designed as a shallow, multi-target campaign to test priority gold targets across the El Plomo Project. The program was intended to evaluate near-surface gold potential and identify geological vectors for follow-up exploration, rather than to define mineral resources. Targets were selected based on the integration of geological mapping, surface geochemistry, and geophysical surveys, focusing on areas with interpreted favourable structural and lithological characteristics for gold mineralization. The areas tested during the program have seen limited modern drilling, with much of the historical work focused on surface sampling and mapping.Drilling completed subsequent to the holiday break totalled 909 metres, including approximately 177 metres at the West Sahuaro target. Samples from the holes completed following the holiday break are currently being prepared for submission to the assay laboratory.Initial gold assay results have been received for a portion of the drill holes completed prior to the holiday break. Preliminary review of these results, together with geological logging, indicates that gold mineralization has been intersected in multiple drill holes, occurring at shallow depths and within several geological settings, including altered felsic intrusions, oxidized volcanic rocks, and structurally controlled gold zones.Based on the distribution of gold values and geological observations from this reconnaissance drilling program, the Company has initiated additional targeted sampling of previously unsampled intervals adjacent to mineralized zones ("shoulder sampling") to better evaluate the continuity, thickness, and geometry of gold mineralization. Assay results from this follow-up sampling, together with assays from the post-holiday drilling, are pending. Colibri intends to release a comprehensive update of drilling and assay results once the analytical dataset is complete and fully reviewed.Map 1: Location of Phase 1 reconnaissance reverse circulation drill holes completed at the San Perfecto target, El Plomo (EP) Gold Project, Caborca Gold Belt, Sonora, Mexico.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4269/281926_ccef5eed943aa9c1_001full.jpg"We are pleased with the overall outcome of the maiden reconnaissance drilling program," said Ian McGavney, President and CEO of Colibri Resource Corporation. "The drilling delivered a high rate of mineralized intersections across multiple targets and has provided us with a solid geological foundation. While additional sampling and interpretation are ongoing, the results to date reinforce our understanding of the system and support continued, systematic advancement of the El Plomo Project."EVELYN PROJECT - WEST SAHUARO TARGETHistorical drilling at the West Sahuaro target on the Evelyn Project intercepted gold mineralization in all six holes tested during the initial discovery drilling program reported on December 19, 2023, and several holes ended in mineralization, validating the geological model for further testing.In addition to the El Plomo drilling, the Company also completed a reconnaissance reverse circulation drill hole at the West Sahuaro gold target on the Evelyn Project during the post-holiday drilling period. The hole was drilled from a pad previously tested during the 2023 drilling program and was designed to test for lateral continuity and to extend the depth of known mineralization. The current hole was drilled from the same pad as one of the earlier holes (EVE23-198), which ended in mineralization, and was oriented at an azimuth of approximately 240 degrees compared to the earlier hole drilled due west. Samples from this hole have been collected and are pending analysis. Results will be reported once assays have been received and reviewed.QUALITY ASSURANCE / QUALITY CONTROLAll drill samples were collected, handled, and prepared in accordance with industry-standard quality assurance and quality control (QA/QC) procedures and submitted to an independent accredited laboratory for preparation and analysis. Quality control protocols included the insertion of blanks, duplicates, and certified reference materials.The technical information contained in this news release has been reviewed and approved by Jamie Lavigne, P.Geo., an independent Qualified Person as defined by National Instrument 43-101.ON BEHALF OF THE BOARDIan McGavney
President, CEO & Director
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.comNotice Regarding Forward-Looking Statements: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.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.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281926
Original: Colibri Resource Completes Phase 1 Reconnaissance Drilling at the San Perfecto / Banco de Oro Targets at the EP Gold Project, Sonora, Mexico; Initial Assays Received and Additional Sampling Underway

No posts, Looks solid

Having another nice day...

Here is a board I have set up with a lot of these plays and yes I've been watching Huldra!

http://investorshub.advfn.com/boards/Board.aspx?board_id=16509

it's hard to choose between all these TSX mining plays, there are so many with incredibly strong uptrends. Have you seen Huldra? HDA.V

Colibri signs earn-in agreement with Agnico-Eagle

2011-03-02 19:24 ET - News Release


Mr. Lance Geselbracht reports


COLIBRI ANNOUNCES SIGNING OF FINAL EARN-IN AND SHAREHOLDERS AGREEMENT WITH AGNICO-EAGLE MINES LTD.


ColibriResource Corp. has signed an earn-in and shareholders agreement datedFeb. 28, 2011, with Agnico-Eagle Mines Ltd. (AEM), which agreementreflects the terms of the letter of intent entered into between Colibriand AEM in December, 2010.

Pursuant to the agreement, AEM may acquire up to a 75-per-cent interestin the company's Colibri gold project in Sonora, Mexico, and form ajoint venture with the company by making qualified explorationexpenditures and payments to Colibri. To earn a 75-per-cent interest inthe Colibri project, AEM is required to spend, over the next threeyears, a minimum of $3.0-million (U.S.) in exploration expenditures, aswell as complete a positive feasibility study within five years. Inaddition, AEM will be required to make option payments totalling$1,452,000 over a seven-year period. After completion of the feasibilitystudy and earning a 75-per-cent in the Colibri project, AEM and Colibrimay form a joint venture to develop the Colibri project.

The agreement is conditional upon the approval of the board of directorsof each of AEM and Colibri, approval of the TSX Venture Exchange, andincorporation of a Mexican wholly owned subsidiary of a BritishColumbia company to hold the right, title and interest in the Colibriproject. Under the terms of the agreement, Colibri will transfer theconcessions comprising the Colibri project to the operating company, theoperations, including exploration, development and mining, of whichwill be managed by a general manager.

Pursuant to the agreement, Colibri will own 100 per cent of the jointventure company until AEM successfully exercises its first option toacquire a 51-per-cent interest by incurring expenditures of not lessthan $1.5-million (U.S.) and making cash payments to Colibri in theamount of $218,000 (U.S.), all within 18 months of the effective date ofthe agreement. Thereafter, AEM may exercise a second option to acquirean additional 24-per-cent interest in the joint venture company byincurring expenditures of not less than $1.5-million (U.S.) and makingfurther payments to Colibri in the total amount of $311,000 (U.S.), allwithin 36 months of the effective date of the agreement. Upon exerciseof both options, AEM will hold a 75-per-cent interest in the jointventure company subject to a reversion provision whereby AEM's ownershipinterest would revert to 51 per cent if it does not complete a positivefeasibility study within five years of the effective date and pay atotal of $923,000 (U.S.) to Colibri over a period of three yearscommencing 48 months after the effective date of the agreement. AEM maysatisfy its cash payment obligation under the agreement by issuingshares of AEM to Colibri in lieu thereof.

The agreement also provides for the purchase by AEM of a total of 3.0million units of Colibri at a price of 20 cents per unit within sevendays of the effective date of the agreement. Each unit will consist ofone common share of the company and one share purchase warrantexercisable for one additional Colibri common share at a price of 35cents per share for a period of 24 months from the effective date of theagreement. The agreement also grants a right of first refusal to AEM topurchase a percentage equal to AEM's then holdings in Colibri or 9.9per cent of any future share or share right issuances by the company.

The Colibri project, centred within the Sonora gold belt near the cityof Caborca, hosts dozens of historical artisanal mine workings thatmostly occur on two northwest-trending thrust fault-detachment faultsystems that transect the claim package. Similar major structures alongstrike from the Colibri project host La Herradura, the largest gold minein Mexico, operated jointly by Newmont and Fresnillo PLC (formerlyPenoles), the El Chanate mine, operated by Capital Gold, the SanFrancisco mine, operated by Timmins Gold Corp., and other advancedprojects, such as Noche Buena (located 20 kilometres northwest ofColibri and currently being developed by Fresnillo).

"We are excited the agreement with Agnico-Eagle Mines has been completedand are anxious for exploration work to begin at the Colibri site,"said Lance Geselbracht, president of Colibri. "We are now able to focusour exploration efforts at our Ramard silver site in Sonora (see Feb.17, 2011, news release in Stockwatch). Prior drilling at Ramard hasyielded excellent results and we believe Ramard has the potential tohost a bulk-tonnage silver mine."

We seek Safe Harbor.

Looking really good here imo...

Colibri Live Quote CBI.V

Colibri signs Letter of Intent with Agnico-Eagle Mines Ltd. to form joint venture
December 07, 2010

Colibri Resource Corporation and Agnico-Eagle Mines Ltd. (AEM) have signed a Letter of Intent (LOI) that allows AEM to acquire up to 75 percent of the Colibri gold claim in Sonora, Mexico and form a joint venture by making qualified exploration expenditures and payments to Colibri. AEM currently operates 6 gold mines and will produce in excess of one million ounces of gold in 2010, including production from the Pinos Altos mine in Chihuahua, Mexico. This LOI is conditional upon the approval of AEM's and Colibri's Board of Directors, the completion of due diligence by AEM and approval by the TSX-Venture Exchange.

The Colibri claim, centered within the Sonora gold belt near the city of Caborca, hosts dozens of historical artesanal mine workings that mostly occur on two northwest-trending thrust fault-detachment fault systems that transect the claim package. Similar major structures along strike with the Colibri claim host the largest gold mine in Mexico, (La Herradura, operated jointly by Newmont and Industrias Penoles SA de CV), the El Chanate mine operated by Capital Gold, the San Francisco mine operated by Timmins Gold Corporation, and other advanced projects such as Noche Buena (located 20 km northwest of Colibri and currently being developed by Penoles).


Upon signing of a formal agreement, AEM shall purchase 3 million shares of Colibri at $0.15 per share with the right to purchase an equal amount of shares at $0.25 per share within the next two years. During the next 3 years, AEM must spend a minimum of 3 million dollars (US$) performing mineral exploration and complete a feasibility study within 5 years to earn up to 75% of the project. In addition, AEM will make option payments totaling $1,451,000 over a 7 year period. After completion of a positive feasibility study and earning 75% of the project, AEM and Colibri will form a joint venture to develop the project.

"This project has garnered attention from other exploration and/or mining companies during the past year because of its location and past exploration activities. We are excited that AEM, with a successful record of starting mines in areas including Mexico, will be employing their significant resources to explore this property", said Lance Geselbracht, President of Colibri. "This joint venture agreement provides Colibri the impetus to restart exploration work on the three other projects in the State of Sonora (see June 23, 2010 news release, www.colibriresourcecorp.com)."


About Colibri Resources:

Colibri owns four claim concessions in the Mexican state of Sonora. In addition to the Colibri gold claim, Colibri recently acquired the 500 hectare Evelyn gold claim located 12 kilometers northeast of the Noche Buena project. The Ramard claim is 8400 hectares, located near the city of Carbo, contains silver, zinc and lead in a skarn (see successful drill results reported in January through June, 2007 news releases). The 6600 hectare Leon claim is a large molybdenum-copper porphyry contiguous with the Creston Moly project currently in final feasibility stages for mine production. Additional property information can be found on the company website at www.colibriresourcecorp.com/s/Projects/asp.

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