Mr. Ronald Goguen reports

COLIBRI SELECTS DRILLERS FOR MAIDEN DRILL PROGRAM AT EVELYN GOLD PROJECT

Colibri Resource Corp. has contracted Major Drilling for its maiden drilling program at its Evelyn gold project, located 60 kilometres northwest of Caborca, Mexico.

The Evelyn gold project lies in the prolific Caborca gold belt, which hosts many mines and deposits, including La Herradura, Mexico's largest gold mine, which produced 474,168 ounces of gold in 2018 at an average grade of 0.8 gram per tonne gold (25 kilometres west of Evelyn), and the Noche Buena mine, which produced 167,208 ounces of gold at an average grade of 0.52 gram per tonne gold in 2018 (nine kilometres southwest of Evelyn).

The initial five-hole diamond drilling program will focus on testing the high-priority targets that were selected by Aurometallum Geology Consulting Services and Colibri geologists. Aurometallum completed a geological, geochemical and structural mapping study at Evelyn in late 2019 and has identified two mineralized corridors of strong initial interest. These corridors have been named Cerro Rojo and El Sahuaro (Colibri Resource press release dated Dec. 3, 2019).

The first two planned holes will test the area encompassing the Saddle vein in Cerro Rojo, where previously announced grab samples in the area of the two holes assayed up to 43.9 grams per tonne gold (Colibri Resource press release dated June 3, 2019). The Cerro Rojo mineralized corridor measures 1,200 metres by up to 500 metres.

A third hole within Cerro Rojo will test a fault zone where previously announced chip samples returned up to 0.98 gram per tonne gold and soil samples run up to 0.251 gram per tonne gold (Colibri Resource press release dated Dec. 3, 2019).

Drilling of two holes at El Sahuaro will test areas of shearing. The El Sahuaro mineralized corridor area measures approximately 950 metres by 350 metres, with chip sample assays up to 4.81 grams per tonne gold and soil samples up to 0.4 gram per tonne gold (Colibri Resource press release dated June 3, 2019).

Final drill permitting for this program is expected to be received shortly, and an update will be released upon its receipt.

Qualified person and National Instrument 43-101 disclosure

Jackie E. Stephens, PGeo, is the qualified person (as defined in NI 43-101) who has reviewed and approved the technical information in this press release.

About Colibri Resource Corp.

Colibri Resource is a Canadian-based mineral exploration company that is focused on acquiring and exploring properties in Mexico. The company currently has five active exploration properties at various stages of exploration.

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