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Colibri Resource Corporation Announces Grant of Stock Options and Corporate Update

Share Capital & Compensation

Colibri Resource Corporation Announces

Grant of Stock Options and Corporate Update

Dieppe, New Brunswick--(Newsfile Corp. - August 31, 2026) - Colibri Resource Corporation (TSXV:

CBI) ("Colibri" or the "Company") announces that its Board of Directors has approved the grant of an

aggregate of 2,750,000 stock options to directors, officers, employees and consultants of the Company

pursuant to the Company's stock option plan.

The options are exercisable at a price of $0.10 per common share. Of the options granted, 2,250,000

are exercisable for a period of five years and 500,000 are exercisable for a period of two years. The

options are subject to the terms of the Company's stock option plan and the policies of the TSX Venture

Exchange.

Diamante and Jackie Transaction Update

Further to the Company's news releases dated May 12, 2025 and June 15, 2026, Colibri reports that the

final documentation relating to the Company's acquisition of Silver Spruce Resources Inc.'s interest in

Yaque Minerals Inc., resulting in Colibri holding an effective 60% interest in the Diamante Gold & Silver

Project, and the disposition of Colibri's 50% interest in the Jackie Gold & Silver Project to Silver Spruce

Resources Inc. has been submitted to the TSX Venture Exchange for final approval.

The Company will provide a further update upon receipt of final Exchange approval and completion of

the transactions.

About Colibri Resource Corporation

Colibri Resource Corporation (TSXV: CBI) is a Canadian-based mineral exploration company listed on

the TSX Venture Exchange and focused on the acquisition, exploration and development of prospective

precious and base metal properties in Mexico.

For further information:

Ian McGavney

President, CEO & Director

Colibri Resource Corporation

Tel: (506) 383-4274

Email:

[email protected]

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 forward-looking statements and forward-looking information within the

meaning of applicable securities laws. Forward-looking statements are based on management's current

expectations and assumptions and are subject to risks and uncertainties that could cause actual results

to differ materially from those expressed or implied by such statements. Forward-looking statements in

this release include statements regarding receipt of final TSX Venture Exchange approval and

completion of the Diamante and Jackie transactions. The Company undertakes no obligation to update

forward-looking statements except as required by applicable securities laws.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/312152