Colibri Resource Corporation Announces Grant of Stock Options and Corporate Update

Rhea-AI Summary

Colibri Resource Corporation (OTC: CRUCF, TSXV: CBI) approved the grant of an aggregate 2,750,000 stock options to directors, officers, employees and consultants under its stock option plan, all exercisable at $0.10 per share. Of these, 2,250,000 options are exercisable for five years and 500,000 for two years, subject to the plan terms and TSX Venture Exchange policies.

Colibri also reported that final documentation has been submitted to the TSX Venture Exchange for approval of its acquisition of Silver Spruce Resources' interest in Yaque Minerals, which would give Colibri an effective 60% interest in the Diamante Gold & Silver Project, and the disposition of its 50% interest in the Jackie Gold & Silver Project to Silver Spruce.

Positive

• 2,750,000 stock options granted at $0.10 exercise price
• Final TSXV documentation submitted to secure 60% interest in Diamante project
• Disposition of 50% Jackie project interest to Silver Spruce clarifies asset portfolio

Negative

• Diamante acquisition and Jackie disposition still pending final TSXV approval
• Grant of 2,750,000 stock options increases potential future share overhang

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Dieppe, New Brunswick--(Newsfile Corp. - August 31, 2026) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") announces that its Board of Directors has approved the grant of an aggregate of 2,750,000 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 $0.10 per common share. Of the options granted, 2,250,000 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% interest in the Diamante Gold & Silver Project, and the disposition of Colibri's 50% interest in the Jackie Gold & Silver Project to Silver Spruce Resources Inc. 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 Corporation

Colibri Resource Corporation (TSXV: CBI) is a Canadian-based mineral exploration company listed on the TSX Venture Exchange and focused on the acquisition, exploration and development of prospective precious and base metal properties in Mexico.

For further information:

Ian McGavney
President, CEO & Director
Colibri Resource Corporation
Tel: (506) 383-4274
Email: ianmcgavney@colibriresource.com

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

Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this release include statements regarding receipt of final TSX Venture Exchange approval and completion of the Diamante and Jackie transactions. The Company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312152

FAQ

What stock options did Colibri Resource (CRUCF) grant on August 31, 2026?

Colibri Resource granted 2,750,000 stock options at an exercise price of $0.10 per share. According to Colibri, 2,250,000 options have a five-year term and 500,000 have a two-year term, all under its stock option plan.

What are the terms of the new Colibri Resource (CRUCF) stock options?

The new Colibri Resource options are exercisable at $0.10 per common share. According to Colibri, 2,250,000 options are exercisable for five years and 500,000 for two years, subject to its stock option plan and TSX Venture Exchange policies.

How will the Diamante project ownership change for Colibri Resource (CRUCF)?

Upon final approval, Colibri will hold an effective 60% interest in the Diamante Gold & Silver Project. According to Colibri, this results from acquiring Silver Spruce Resources' interest in Yaque Minerals, with documentation submitted to the TSX Venture Exchange.

What is happening to Colibri Resource’s (CRUCF) interest in the Jackie Gold & Silver Project?

Colibri is disposing of its 50% interest in the Jackie Gold & Silver Project to Silver Spruce Resources. According to Colibri, final documentation has been filed with the TSX Venture Exchange, and an update will follow after approval and completion.

Are the Colibri Resource (CRUCF) Diamante and Jackie transactions completed?

The Diamante and Jackie transactions are not yet completed. According to Colibri, final documentation has been submitted to the TSX Venture Exchange for approval, and the company plans to provide another update after receiving final approval and completing the deals.

What does the Diamante and Jackie asset swap mean for Colibri Resource (CRUCF) investors?

The transactions would give Colibri a 60% interest in Diamante and transfer its 50% Jackie interest to Silver Spruce. According to Colibri, both deals remain subject to final TSX Venture Exchange approval before any impact is realized.