Colibri Announces That It Has Retained FronTier Consulting Ltd. for Investor Relations and Marketing

Dieppe, New Brunswick--(Newsfile Corp. - October 23, 2017) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company') is pleased to announce that it has retained FronTier Consulting Ltd. ("FronTier"), part of the FronTier Merchant Capital Group, to provide investor relations and marketing services to the Company in compliance with regulatory guidelines.

FronTier is an investor relations company based in Toronto, Canada. FronTier will assist the Company by increasing its market awareness using a number of financial market communications initiatives including facilitating in-person introductions for the Company with institutional and retail brokers in Toronto and other financial centres and through media distribution on national television, radio and multiple on-line channels.

Under the terms of the engagement, FronTier has been retained for a 12-month period at $110,000 (plus applicable sales tax) plus out-of-pocket expenses. The Company has also granted 150,000 stock options to FronTier at an exercise price of $0.15 expiring January 23, 2019. The options will vest in four equal tranches on a quarterly basis and will vest in full on October 23, 2018.

FronTier and its related companies currently own 1,340,000 common shares and 1,340,000 common share purchase warrants of the Company.

About Colibri Resource Corporation:

Colibri is a Canadian mineral exploration company listed on the TSX-V (CBI) focused on acquiring and exploring properties in Mexico.

For Further Information Please Contact:

Ron Goguen, President, CEO and Director
Tel: (506) 383-4274
rongoguen@colibriresource.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements concerning future operations of Colibri Resource Corporation (the "Company"). All forward looking statements concerning the company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance, exploration and financial results may differ materially from any estimates and projections.