Mr. Lance Geselbracht reports

COLIBRI UPDATES ACTIVITIES ON RAMARD SILVER PROPERTY, SONORA, MEXICO

Colibri Resource Corp. has made progress on its Ramard silver project located near the municipality of Carbo, state of Sonora, Mexico. Colibri recently completed a comprehensive exploration program over the Ramard property, which included geologic mapping, a systematic rock and soil geochemical sampling program, and a ground-based 3-D induced polarization geophysical survey.

The geophysical survey identified several induced polarization (IP) chargeability and resistivity anomalies which correspond to surface geochemical anomalies of silver, zinc, lead and copper. One such anomaly underlies the La Bronca zone, the location for a planned 2,000-metre diamond drilling program that is now scheduled to start March 5. The start date was delayed to allow complete interpretation of work conducted during the past months and to focus detailed mapping and sampling in areas with surface geochemical anomalies. In addition to the La Bronca zone, several additional surface anomalies were found to contain strongly anomalous values of the metals noted over the 2,000-hectare study area within the Ramard claim.

The 3-D induced polarization geophysical survey revealed a large IP chargeability anomaly which coincides with the surface expression of the alteration and mineralization at the La Bronca zone. The chargeability high is approximately 400 metres wide by 600 metres long, and persists to a depth of at least 300 metres, which is the effective depth limit of the IP survey. Surface sampling and percussion drilling programs carried out in 2006, 2007 and 2011 have indicated the presence of significant silver-lead-zinc skarn-type mineralization in what is a historic small-scale silver producing area. The company is very pleased with the results of the surface exploration program and looks forward to initiating the drill program.

The foregoing technical disclosure has also been reviewed and verified by Colibri's CEO, Lance Geselbracht, PE (a qualified person for the purpose of National Instrument 43-101, standards of disclosure for mineral projects).

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