COLIBRI RESOURCE ORD OLD - CRUCF STOCK NEWS

Colibri Resource (TSXV: CBI) has closed the first tranche of its non-brokered private placement, raising $305,500. The offering consists of units priced at $0.05, each comprising one common share and one warrant exercisable at $0.075 for 24 months. Insiders participated, acquiring 550,000 units for $27,500. The company also sold its RC Drill Rig for USD $395,000 in cash and drill credits.

Proceeds will fund exploration at Colibri's Mexican precious metals projects, including the Pilar and EP gold projects. At the EP Gold Project's San Perfecto target, characterized by a 1,250m by 700m mineralized footprint, the company plans its first drilling program. Historical sampling has shown promising gold values, with 15% of samples returning over 1.00 g/t Au, up to 58.9 g/t Au in some areas.

Colibri Resource (TSXV: CBI) (OTC Pink: CRUCF) has reported promising results from geological mapping and outcrop sampling at its EP gold project in the Caborca Gold Belt, NW Sonora, Mexico. Key highlights include:

1. San Perfecto target: Samples returned values up to 2.99 g/t Au, extending the surface mineralization footprint by 350 meters.

2. La Culebra target: Samples yielded values up to 4.64 g/t Au over a 650-meter strike length.

3. San Perfecto's mineralization footprint now spans approximately 1,250m by 700m, remaining open to the southeast.

4. La Culebra shows potential for copper mineralization, with common malachite occurrences.

These results demonstrate significant discovery potential across the EP property, particularly at the San Perfecto target, which is interpreted as a well-developed high-level orogenic gold system.

Colibri Resource (TSXV: CBI) reports that its partner, Tocvan Ventures (51% interest), has announced plans for the Pilar Gold & Silver Project in Sonora, Mexico. Key highlights include:

1. A core drill program at the Pilar Main Zone scheduled to start in September.
2. Plans for resource drilling with core and RC methods.
3. A strategy for a pilot facility at Pilar, aiming to process up to 50,000 tonnes of material by early 2025.
4. Preparations for 1,200 to 2,000 meters of core drilling and 1,700 to 2,500 meters of RC drilling before year-end.
5. Anticipation of a maiden resource estimate for the Pilar Main Zone upon completion of drilling.

The company aims to showcase the project's potential and take advantage of current high gold prices through these initiatives.

Colibri Resource (TSXV: CBI) reports drill results from its Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest. The project's co-owner, Tocvan Ventures (51% interest), announced results from five holes in the ongoing Phase 4 RC drill program. Highlights include:

- North Hill Trend: JES-24-95 intersected 76.3m of 0.2 g/t Au, 1 g/t Ag, and 0.4% Zn from 1.5m depth, including 7.6m of 0.2 g/t Au, 3 g/t Ag, and 2.8% Zn.

- Main Zone Eastern Infill: JES-24-94 hit 24.4m of 0.2 g/t Au and 5 g/t Ag from 38.1m depth, including higher-grade intervals.

All five reported holes intersected mineralization, with results pending for three additional drillholes. The program has completed 3,268 meters across 26 drill holes to date, showing broad mineralization and connecting known trends at Pilar.

Colibri Resource (TSXV: CBI) announced positive results from the Pilar Gold & Silver Project in Sonora, Mexico. Partner Tocvan Ventures reported results from six holes in the ongoing Phase 4 Reverse Circulation (RC) drill program. Highlights include mineralization expansion 130 meters northwest of previous drillhole JES-24-79, which showed 42.7 meters of 1.0 g/t gold. Drillhole JES-24-88 returned 24.4 meters of 0.2 g/t gold and 4 g/t silver, with a high-grade section of 1.5 meters at 1.1 g/t gold and 25 g/t silver. The North Hill Trend now extends over 500 meters. Results for eight additional holes are pending, with ongoing surface mapping and sampling to identify new drill targets.

Colibri Resource (TSXV: CBI) and its co-owner Tocvan Ventures announced results from six drill holes at the Pilar Gold & Silver Project in Sonora, Mexico.

The drilling program revealed several significant mineralized zones, including high gold, silver, copper, and zinc values. Key findings include JES-24-73, which showed 4.6 meters with 2.2 g/t Au, 49 g/t Ag, 0.46% Cu, and 1.48% Zn, and JES-24-84, which returned 10.7 meters of 0.6 g/t Au and 3 g/t Ag. Additionally, exploration hole JES-24-87 indicated broader mineralization, with 53.4 meters of 0.1 g/t Au and 2 g/t Ag.

The results suggest resource potential expansion along the Main Zone and 4-T Trend. Over 2,700 meters have been drilled in 2024, with more results pending analysis.

Colibri Resource has listed its common shares on the Frankfurt Stock Exchange under the trading symbol '2CO1'. This strategic move aims to attract European investors to its precious metals exploration projects, including the 49% owned Pilar Gold & Silver Project and the 100% owned EP Gold Project. The Frankfurt Stock Exchange is one of the largest international trading centers, facilitating significant securities trading through its electronic platform XETRA.

The ongoing Phase IV drilling at the Pilar Project, managed by Tocvan Ventures, has completed over 2,200 meters across 20 drill holes, with notable results including 56.4 meters of 1.0 g/t Au and 42.7 meters of 1.0 g/t Au. An NI 43-101 compliant resource estimate is anticipated by Q4 2024. Additionally, Colibri has decided to return the Mezquite project claim, reducing long-term liabilities, while continuing its interests in the Diamante and Jackie projects.

Colibri Resource has announced significant drill results from its Pilar Gold and Silver Project in Sonora, Mexico. In collaboration with Tocvan Ventures, results from five drill holes in the Phase 4 RC drill program were highlighted, especially drill hole JES-24-79. JES-24-79 returned 42.7 meters of 1.0 g/t gold, including a high-grade 3.1 meters of 10.9 g/t gold, making it the second-best intersection outside the Main Zone. Additional key findings include drill holes JES-24-78, 80, 81, and 82, all showing elevated values of gold, silver, and other elements, indicating potential mineralization extensions. Further results are pending, and the drilling continues to provide encouraging signs of substantial resource growth beyond the Main Zone.

Colibri Resource (TSXV: CBI) and Tocvan Ventures announced drill results from their Pilar Gold & Silver Project in Sonora, Mexico. Hole JES-24-77, drilled in the 4-T Trend area, intersected 56.4 meters of 1.0 g/t gold, including 9.2 meters of 5.3 g/t gold. This is the longest and highest-grade intersection outside the Main Zone to date. A total of 1,825.4 meters has been drilled across 15 holes, with results for eleven holes pending. The 4-T Trend, 400 meters east of the Main Zone, shows significant resource potential and low strip ratio potential for future development. Initial exploration results from holes JES-24-74, 75, and 76 showed anomalous intervals but no significant mineralization.