Mr. Ian McGavney reports

COLIBRI TO CONDUCT PLACEMENT OF DEBENTURE UNITS

Further to the news release of Oct. 17, 2025, Colibri Resource Corp. will conduct a revised placement of up to 115 convertible debenture units for gross proceeds of up to $115,000 (U.S.). The debenture offering is expected be taken up in its entirety by former debentureholders whose debentures matured in August, 2025. Those persons participating on this basis will not represent new money to the company.

Each debenture unit consists of one $1,000 (U.S.) principal amount 10 per cent unsecured convertible debenture and 5,200 common share purchase warrants. Each debenture will bear interest at the rate of 10 per cent per annum, calculated in U.S. dollars, from the date of issuance, payable in arrears quarterly and upon maturity or redemption. The debentures will mature on the date that is two years from the date of issuance. The principal amount of the debentures are convertible into common shares, at the holder's option, at the rate 25 cents per common share any time prior to the maturity date. For purposes of the conversion price, the debentures carry a fixed foreign exchange rate of $1.30 (Canadian) for each $1 (U.S.) of the principal amount. All interest accrued on the debentures will be payable in cash only, and there can be no conversion of the debenture interest into common shares of the company. Each debenture warrant will entitle the holder to acquire one common share at a price of 25 Canadian cents per common share for a period of 24 months following the closing of the offering.

This placement is subject to TSX Venture Exchange consent. Securities issued under the debenture offering will be subject to a statutory four-month-and-one-day hold period. No finders' fees will be payable in connection with this placement.

About Colibri Resource Corp.

Colibri is a Canadian-based mineral exploration company listed on the TSX Venture Exchange and focused on acquiring, exploring and developing prospective gold and silver properties in Mexico. The company holds four high-potential precious metal projects: (1) 100-per-cent ownership of the EP gold project in the prolific Caborca gold belt; (2) 49 per cent of the Pilar gold and silver project (near-term production potential); and (3) a 60-per-cent interest in the Diamante gold and silver project in the Sierra Madre region.

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