Mr. Lance Geselbracht reports
COLIBRI APPOINTS DR. PAUL BARTOS TO BOARD OF DIRECTORS AND GRANTS INCENTIVE STOCK OPTIONS
Colibri Resource Corp. has appointed Dr. Paul J. Bartos as
director. Dr. Bartos is a noted authority on epithermal deposits and
currently is the vice-president/chief geologist of Esperanza Resources
Corp. where he was instrumental in the discovery of the San Luis
bonanza vein deposit. This deposit, which was recently sold to Silver
Standard Resources, has proven and probable reserves of 503,313 tonnes
averaging 17.95 grams per tonne Au, 446.14 g/t Ag (290,484 ounces gold, 7,219,435
ounces silver). San Luis represents one of the highest grade precious
metal deposits found in recent years. Prior to this, Dr. Bartos was
with ASARCO Inc., with his most recent position as Latin American
exploration and business development manager. Among other
accomplishments, he was responsible for the discovery and development
of the San Bartolome silver deposit in Bolivia. This deposit,
containing an estimated 107 million ounces of proven and probable
silver reserves, is currently in production by Coeur d'Alene Mines
Corp., and is now one of the world's largest pure silver mines.
In welcoming Dr. Bartos, Colibri's chief executive officer Lance Geselbracht said: "Dr. Bartos
will be able to provide Colibri with valuable insights as we develop
our Ramard silver project and explore our other Sonora, Mexico,
properties. His past history in finding and developing orebodies will
help guide our exploration work. Paul's experience with a very
successful TSX Venture company provides us with additional insight to
our own corporate development."
The company also announces that a total of 950,000 options to purchase
common shares of the company have been granted to directors and
officers at an exercise price of 25 cents per share, expiring on July 17,
2016. Any shares issued on the exercise of these stock options will be
subject to a four-month hold period from date of grant. The grant is
subject to regulatory approval.
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