Mr. Ian McGavney reports

COLIBRI ANNOUNCES EXTENSION OF NON-BROKERED PRIVATE PLACEMENT CLOSING DATE

In response to increased investor interest, Colibri Resource Corp. has sought and obtained consent from the TSX Venture Exchange to extend the closing date for a second tranche of a current offering of units originally announced on Jan. 17, 2025. Closing of a second tranche will occur on or before March 28, 2025. The extended closing time was sought to accommodate a number of very recent expressions of interest.

The offering is for the sale of up to 10 million units at a price of 2.5 cents per unit for total gross proceeds of up to $250,000. Each unit is composed of one common share and one common share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share of the company at a price of five cents for a period of 24 months following issuance. A first tranche, announced on Feb. 13, 2025, was closed for gross proceeds of $140,400. All terms of the offering other than the extension of the closing date as described herein remain unchanged.

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). The company expects such participation will be 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 is expected to exceed 25 per cent of the company's market capitalization.

The securities issued pursuant to the offering will be subject to a statutory four-month-and-one-day hold period. Final closing of the offering is subject to acceptance of the TSX Venture Exchange.

About Colibri Resource Corp.

Colibri is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (CBI), and is focused on acquiring, exploring and developing prospective gold and silver properties in Mexico. The company holds four high-potential precious metal projects: (1) 100 per cent of the 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-per-cent ownership of the Pilar gold and 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 (the Diamante gold and silver project and the Jackie gold and silver project).

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