COLIBRI RESOURCE ORD OLD - CRUCF STOCK NEWS

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.

Colibri Resource 's partner, Tocvan Ventures, has initiated infill drilling at the Pilar Gold and Silver Project in Sonora, Mexico. The drilling campaign aims to delineate a maiden resource estimate for the Pilar Main Zone, with significant drilling planned for known mineralized areas and exploration targets. The project is fully permitted, with the first drill hole already underway, following promising results from previous drilling. This development signifies a positive step towards resource definition and project advancement, coinciding with favorable gold prices in the market.

Colibri Resource (CRUCF) announces a joint venture with Tocvan Ventures Corp. on the Pilar Gold and Silver Project. Tocvan opts not to exercise Right of First Refusal, leading to a 51% Tocvan / 49% Colibri JV. Positive advancements in project value, bulk sample head grade of 1.9 g/t Au, encouraging recovery factors, and potential mineralization expansion.

Colibri Resource Corporation provides an update on exploration activities at the EP Gold Project, highlighting the completion of an airborne magnetic survey, geological mapping, and outcrop sampling. The survey covered 1,385 hectares, revealing NW-SE and NE-SW oriented lineaments characterizing the Caborca Gold Belt structural fabric. The company identified 14 target areas for exploration, prioritizing 4 for drilling. Notable results include the identification of potential new target areas and fault bounded litho-structural domains.

Colibri Resource Corporation (TSXV: CBI) appoints Doug Coleman, a prominent mining and exploration executive, to its Advisory Board. Mr. Coleman, currently the Head of Mexico for Appian Capital Advisory LLP, brings over 30 years of experience in mining exploration in Mexico and is well-connected within the industry. The company also announces the issuance of 2.85 million stock options with a strike price of $0.06 to its Board of Directors, employees, and a consultant.

Colibri Resource Corporation has contracted Geo Digital Imaging de Mexico, S.A. de C.V. to complete a high-definition magnetic survey covering the highest priority targets identified on the Plomo claims of its flagship EP Gold project. The survey is expected to assist in selecting hole locations for Colibri's inaugural drilling program at the Plomo in Q2 2024. The aerial magnetic survey of up to 1373.5 hectares will be completed using a DRONEmag magnetic sensor. The survey is already underway and is expected to take approximately 10 days to complete in the field.