CBI.V · 2019-07-24 12:00:00

Colibri Resource Corporation Announces Private Placement

Financings

Dieppe, NB. July 24, 2019. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the

“Company”) wishes to announce that, subject to regulatory approval, it intends to proceed with a

non-brokered private placement of 2,280,000 units at $0.05 per unit for proceeds of CAD

$114,000.

The units will consist of one common share and one full share purchase warrant. Each warrant

entitles the investor to acquire one additional common share at $0.10 for three years from the

closing of the private placement.

The Company may pay finder's fees in connection with this placement in accordance with TSX

Venture Exchange regulations. All securities issued pursuant to this financing will be subject to

resale restrictions for a period of four months and one day from closing under applicable

securities legislation. Closing of the financing is subject to TSX Venture Exchange acceptance.

Funds will be used for general corporate purposes.

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 or 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

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