NEWS RELEASE – Dieppe, NB. March 10, 2021 – Colibri Resource Corporation (CBI-TSXV) (“Colibri” or the “Company”) is pleased to announce that the Company has received assay results from recently completed trenching on the Evelyn Gold Project, located in the Caborca Gold Belt, northwestern Sonora. Extremely positive results have been received from the primary target areas on the property. Highlights include the results from the El Sahuaro target where a total of 12 samples returned assay values greater than 1 gram per tonne (“g/t”) Au including values of 41.0 g/t Au and 9.47 g/t Au. The recent trenching and sampling expand the footprint of Au mineralization at El Sahuaro and combined with previous sampling further delineate an apparent north-northeast mineralized trend over a distance of approximately 575 metres (”m”).