CBI.V · 2018-08-03 12:00:00

Colibri Resource Corporation Announces Debt Financing

Financings Debt & Credit Facilities

Colibri Resource Corporation Announces Debt

Financing

DIEPPE, NB

Aug. 3, 2018

/CNW/ - (CBI: TSX-V) - Colibri Resource Corporation ("Colibri" or the

"Company") is pleased to announce that it negotiated an agreement with two shareholders to

provide debt financing in an amount up to CAD

$400,000

The debt financing which will be in the form of non-interest bearing loans with no fixed terms of

repayment, will be secured by the shares of the Company's wholly owned subsidiaries and three

mineral exploration properties located in

Sonora, Mexico

. The Company will issue a general security

agreement to the lending shareholders. The financing transaction is a related party transaction and is

subject to regulatory approval.

Funds will be used for further work on the Company's Pilar project and for general corporate

purposes.

"This funding is a viable alternative to raising equity in the current capital markets and will enable

Colibri to continue our goal of expanding and further confirming our resources: stated

Ronald J.

Goguen

, President of Colibri.

For more information about all of our projects please visit:

www.colibriresource.com

We seek safe harbour.

About Colibri Resource Corporation

Colibri is a Canadian mineral exploration company listed on the TSX-V(CBI) focused on acquiring

and exploring properties in

Mexico

The TSX Venture Exchange has neither approved nor disapproved the contents of this news

release. 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

accuracy of this release.

The statements made in this news release may contain forward-

looking statements that may involve a number of risks and uncertainties. Actual events or results

could differ materially from the Company's expectations and projections.

SOURCE

Colibri Resource Corporation

View original content: http://www.newswire.ca/en/releases/archive/August2018/03/c2011.html

%SEDAR: 00021936E

For further information:

Ronald J. Goguen, President, Chairperson and Director, Tel:(506) 383-

CO: Colibri Resource Corporation

CNW 13:41e 03-AUG-18