Colibri Resource Corporation Closes First Tranche of Private Placement DIEPPE, N.B. ,

Colibri Resource Corporation Closes First Tranche of Private Placement

DIEPPE, N.B.

,

Sept. 7, 2017

/CNW/ - (CBI: TSX-V) – Colibri Resource Corporation ("Colibri" or the "Company") is pleased to announce that it has closed a first

tranche of its previously announced non-brokered private placement (see the Company's news release dated

August 29, 2017

). The Company has issued

4,265,000 units at a price of

$0.15

per Unit for gross proceeds of

$639,750.00

. Each unit consists of one common share and one warrant. Each warrant entitles

the holder to acquire one additional common share of the Company at a price of

$0.25

per share for a period of 24 months following closing. The Units are subject

to resale restrictions until

January 7, 2018

under applicable securities legislation.

Proceeds from this financing will be used for continued exploration of the Company's properties and general working capital.

The Company has paid a finder's fees with respect to certain subscribers in the aggregate amount of

$29,622.50

and issued 197,750 finder's warrants. The finder's

warrants are non-transferable and exercisable into common shares at

$0.25

on the substantially the same terms as the warrants issued to the subscribers.

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

View original content: http://www.newswire.ca/en/releases/archive/September2017/07/c2198.html

%SEDAR: 00021936E

For further information:

Ronald J. Goguen, President, CEO and Director, Tel: (506) 383-4274, [email protected]

CO: Colibri Resource Corporation

CNW 08:00e 07-SEP-17