Mr. Ian McGavney reports

COLIBRI COMPLETES SALE OF 49% INTEREST IN PILAR FOR C$3.6 MILLION PLUS 1% NSR

Colibri Resource Corp. has completed the transaction previously announced on July 9, 2026, pursuant to which the company has sold its 49-per-cent interest in the Pilar gold project, located in Sonora, Mexico, to Tocvan Ventures Corp.

Under the terms of the transaction, Colibri received $2.0-million at closing and will receive an additional $1.6-million on or before the first anniversary of closing. Colibri has also retained a 1.0-per-cent net smelter return royalty on the Pilar gold project. Tocvan may repurchase the NSR at any time for $1.0-million.

The transaction represents total cash consideration of $3.6-million while allowing Colibri to retain long-term exposure to the Pilar gold project through the retained royalty. The transaction materially improves the company's financial position and positions Colibri to focus on advancing its wholly owned EP gold project while continuing to evaluate additional growth opportunities in Sonora, Mexico.

Ian McGavney, president and chief executive officer of Colibri, commented: "The successful completion of this transaction marks an important milestone for Colibri. We believe the transaction delivers significant value to our shareholders through the non-dilutive monetization of our interest in the Pilar gold project while retaining long-term upside through the retained royalty.

"The proceeds materially strengthen the company's financial position and provide the flexibility to advance its wholly owned EP gold project while continuing to evaluate additional value-enhancing opportunities in Sonora."

The company intends to use the proceeds from the transaction to strengthen its balance sheet, provide additional working capital, advance exploration at its wholly owned EP gold project and evaluate additional strategic opportunities in Sonora, Mexico.

Following completion of the transaction, the company's principal exploration focus will be its 100-per-cent-owned EP gold project. In addition, the company will continue to evaluate opportunities to enhance value across its remaining project portfolio while pursuing strategic opportunities consistent with its long-term growth strategy.

The transaction remains subject to final acceptance of the TSX Venture Exchange.

About Colibri Resource Corp.

Colibri is a Canadian mineral exploration company focused on the acquisition, exploration and development of prospective gold projects in Mexico. The company's principal asset is the 100-per-cent-owned EP gold project located in Sonora, Mexico.

We seek Safe Harbor.