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CBI.V ·

forward-looking statements

Corporate Updates

financial

results

may

di

ff

er

materially

from

any

estimates

or

projections.

Such

statements

include,

among

others:

delays

that any such statements are not guarantees of future performance and that actual performance and exploration and

anticipated

in

these

forward-looking

statements

as

a

result

of

numerous

risks

and

uncertainties.

Readers

are

cautioned

and expectations of Colibri's management at the time they are made. Actual results could di

ff

er materially from those

uncertainties

beyond

the

Company's

control.

Forward-looking

statements

are

based

on

the

beliefs,

assumptions,

opinions

management's assessment of the Company's expectations or beliefs may be subject to certain assumptions, risks and

statements and all forward-looking statements concerning the Company's future plans and operations, including

should

not

be

placed

on

such

statements.

Certain

material

factors

or

assumptions

are

applied

in

making

forward-looking

such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance

management's

plans,

next

steps,

and

vision

for

the

Company.

Although

Colibri

believes

that

the

expectations

reflected

in

within the meaning of applicable securities laws, concerning future operations of Colibri, the current Board and

This news release contains forward looking statements and information (collectively, "forward-looking statements"),

Forward-Looking Statements

Venture

Exchange)

accepts

responsibility

for

the

adequacy

or

accuracy

of

this

release.

Neither

the

TSX

Venture

Exchange

nor

its

Regulation

Services

Provider

(as

that

term

is

defined

in

the

policies

of

the

TSX

For

more

information

about

all

Company

projects

please

visit:

www.colibriresource.com.

agreements

by

Silver

Spruce

Resources

Inc.

-

(TSXV:

SSE).

Project,

(4)

the

Jackie

Gold

&

Silver

Project,

and

(5)

the

Diamante

Gold

&

Silver

Project.

3,4,

and

5

are

subject

to

earn-in

Colibri,

(2)

the

Pilar

Gold

&

Silver

Project

(optioned

to

Tocvan

Ventures

Corp.

-

(CSE:

TOC),

(3)

the

El

Mezquite

Gold

&

Silver

have

exploration

programs

being

executed

in

2022.

(1)

The

flagship

Evelyn

Gold

Project

is

100%

owned

and

explored

by

exploring

prospective

gold

&

silver

properties

in

Mexico.

The

Company

has

six

exploration

projects

of

which

five

currently

Colibri is a Canadian-based mineral exploration company listed on the

TSX-V

(CBI) and is focused on acquiring and

About Colibri Resource Corporation

further

news

release

when

the

Required

Filings

have

been

made.

in

Canada

and

to

remain

in

eVect

until

such

time

as

the

Company

has

made

the

Required

Filings.

The

Company

will

issue

a

securities

of

the

Company.

When

issued,

the

Company

expects

the

FFCTO

to

aVect

trading

in

all

securities

of

the

Company

will issue a failure-to-file cease trade order ("FFCTO") that prohibits trading in, and the acquisition or purchase

of,

Once

a

default

is

noted,

it

is

expected

that

the

New

Brunswick

Financial

and

Consumer

Services

Commission

(the

"FCNB")

remained

for

the

preparation

and

filing

of

an

application

for

a

management

cease

trade

order.

Unfortunately,

the

Company

was

only

notified

of

these

audit

issues

very

recently,

and

consequently,

insuVicient

time

diligently

to

complete

such

work

and

intends

to

make

the

Required

Filings

as

soon

as

possible.

and

procedural

requirements

involving

the

Company's

operations

in

Mexico.

The

Company

and

its

advisors

are

working

The

delay

in

the

timely

completion

of

the

Required

Filings

has

been

primarily

due

to

unforeseen

cross

border

reporting

Company

expects

to

be

noted

in

default

under

applicable

securities

legislation.

MD&A

for

the

year

ended

December

31,

2021

(the

"Required

Filings")

by

the

filing

deadline

of

May

2,

2022.

As

a

result,

the

"Company")

wishes

to

announce

that

it

will

not

be

able

to

file

its

annual

audited

financial

statements

and

accompanying

Dieppe, New Brunswick--(Newsfile Corp.

-

April 29, 2022)

-

Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the

Financials

Colibri

Reports

Delay

in

Filing

Year-End

and other risks related to construction activities and operations; timing and receipt of regulatory approvals of operations;

the ability of the Company and other relevant parties to satisfy regulatory requirements; the availability of financing for

proposed transactions, programs and working capital requirements on reasonable terms; the ability of third-party service

providers to deliver services on reasonable terms and in a timely manner; market conditions and general business,

economic, competitive, political and social conditions Readers are cautioned not to place undue reliance on forward-

looking statements. The forward-looking statements contained herein are expressly qualified by this cautionary statement

and are made as of the date of this News Release. Colibri does not assume any obligation to update any forward-looking

statement or information should those beliefs, assumptions, opinions or expectations, or other circumstances change,

except as required by law.

For further information, please contact:

Ronald J. Goguen, President, CEO and Director

Tel: (506) 383-4274

[email protected]