Mr. Ian McGavney reports

COLIBRI RESOURCE CORPORATION ANNOUNCES GRANT OF STOCK OPTIONS AND CORPORATE UPDATE

Colibri Resource Corp.'s board of directors has approved the grant of an aggregate of 2.75 million stock options to directors, officers, employees and consultants of the company pursuant to the company's stock option plan.

The options are exercisable at a price of 10 cents per common share. Of the options granted, 2.25 million are exercisable for a period of five years and 500,000 are exercisable for a period of two years. The options are subject to the terms of the company's stock option plan and the policies of the TSX Venture Exchange.

Diamante and Jackie transaction update

Further to the company's news releases dated May 12, 2025, and June 15, 2026, Colibri reports that the final documentation relating to the company's acquisition of Silver Spruce Resources Inc.'s interest in Yaque Minerals Inc., resulting in Colibri holding an effective 60-per-cent interest in the Diamante gold and silver project, and the disposition of Colibri's 50-per-cent interest in the Jackie gold and silver project to Silver Spruce Resources, has been submitted to the TSX Venture Exchange for final approval.

The company will provide a further update upon receipt of final exchange approval and completion of the transactions.

About Colibri Resource Corp.

Colibri Resource is a Canadian-based mineral exploration company listed on the TSX-V and focused on the acquisition, exploration and development of prospective precious and base metal properties in Mexico.

We seek Safe Harbor.