NEWS RELEASE – Dieppe, NB. August 5th, 2021 – Colibri Resource Corporation (CBI-TSXV) (“Colibri” or the “Company”) is pleased to announce that its partner, Silver Spruce Resources, Inc. (SSE-TSXV), has completed its Phase 1 exploration drilling at El Mezquite Au-Ag property (“El Mezquite” or the “Property”). The first seven (7) drill holes of the program were completed on June 14th and the Company is awaiting the results of gold, silver and multi-element analysis from the laboratory. The remaining thirteen (13) holes were drilled with two RC rigs from Layne de Mexico and completed as scheduled on July 28th. A total of 2,485 metres were drilled in twenty (20) holes from eight drill pad locations.