Colibri’s Option Partner Tocvan Ventures Corp. Drills 47.3 Metres of 0.75 g/t Au and 7.6 Metres of 1.76 g/t Au at the Pilar Gold & Silver Project

Dieppe, New Brunswick–(Newsfile Corp. – July 8, 2021) – Colibri Resource Corporation (TSXV: CBI) (“Colibri” or the “Company”) is pleased to announce that its partner Tocvan Ventures Corp. (“Tocvan”) has reported assays from 6 holes completed on its 20-hole (2,500 metres) Phase IIreverse circulation (“RC”) drill program at the Pilar Gold and Silver Project, Sonora, Mexico. Tocvan is in year two of a fiveyear option agreement with Colibri to earn an initial 51% ownership of the Pilar Gold-Silver Project. For full details of the agreement see Colibri’s news release dated September 24th, 2019.

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