2023 News Releases.

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).

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

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 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, all of which have planned exploration programs for calendar 2023. For more information about all Company projects please visit: www.colibriresource.com . 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 release. 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

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.

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: 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 properties, all of which have planned exploration programs for calendar 2023. For more information about all Company projects please visit: www.colibriresource.com . Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. For information contact: Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274, rongoguen@colibriresource.com

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)

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).