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TSX Ventur e - CBI
March 2019
Corporate Presentation
Delivering Value Through Exploration…
TSX Venture: CBI
Forward Looking Statements
This presentation is strictly confidential and must not be copied, distributed, circulated or disseminated without the express written consent of the Corporation.
This presentation does not constitute an “offering memorandum” as such term is defined under Canadian securities legislation and confers no statutory,
contractual or other similar rights of rescission or other action or remedy to any recipient under securities legislation in Canada, the United States or other
jurisdiction for misrepresentation or otherwise. No securities are being offered for sale hereunder. This document does not provide full disclosure of all material
facts relating to the securities offered. Readers must conduct their own analysis and review of the Corporation and of the information contained in this
presentation and must contact their own professional advisors.
This presentation contains “forward-looking information”. Forward-looking information includes, without limitation, statements regarding macroeconomic
factors, future demand and supply dynamics for lithium, production and development forecasts and timelines, mineral resource estimates, future lithium prices,
solutions to past problems, valuations, capital and operating expenditures, ability to obtain financing, currency exchange rates, government regulation of mining
operations, and environmental risks. In general, forward-looking information can be identified by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “projects”, “forecasts”, “budget”, “estimates”, “schedule”, “intends”, or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Some of the specific forward-looking information herein
includes <>. The forward-looking information is based upon factors and assumptions the Company believes is reasonable based on information currently
available to them. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance of the Corporation to differ from forward-looking information. There can be no assurance that such information will prove to be accurate as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Corporation does not undertake to update any forward-looking information, except as required under applicable securities
laws.
These materials may contain inaccuracies or typographical errors. The Corporation shall not be responsible for any errors or omissions contained in these
materials and do not guarantee the accuracy, completeness or timeliness of the information contained herein.
Jackie Stephens P.Geo., who is a qualified person under National Instrument 43-101 and is independent of the Corporation, has reviewed the scientific and
technical information related to geology and exploration in this presentation.
2
TSX Venture: CBI
3
QUICK FACTS
➢ Trades: TSX.V: CBI | FSE: 2CO
➢ Property Portfolio Focused on Sonora, Mexico
➢ Led by an Experienced Management Team and Board who
have Found, Developed, and Managed Producing Mines
CORPORATE STRUCTURE
➢ 59.1 million shares outstanding
➢ 86.6 million shares fully diluted
➢ Based in Moncton, New Brunswick, Canada
FIVE EXPLORATION PROJECTS IN SONORA, MEXICO
➢ Pilar
➢ Evelyn
➢ El Mezquite
➢ Pitaya – JV with Agnico Eagle (being sold)
➢ Jackie
Introduction
Sonora State, Mexico
HermosilloOffice
1. Mexico - 8th largest producer of gold globally at 125 million
metric tons – (1st in silver production)
2. Mexico - Politically stable country – Mining friendly
(approximately 4% of GDP)
3. Well Endowed Geologically – Sonora State represents the largest
share of annual gold production in the country
4. Sonora has an affordable & experienced labour force and
materials are easily sourced
5. All Colibri projects are geographically near producing or
past producing mines
6. 4 of 5 of Colibri’s exploration projects have historic artisanal
mining on property – increased probability of finding additional
deposits using modern science
Why Mexico? Why Sonora?
Pilar Gold Property
Suaqui Grande Area, Sonora
TSX Venture: CBI
Pilar Gold Property
6
• 12 km NE of Suaqui Grande, Sonora, Mexico
• 100% owned (no royalties)
• Near Surface Mineralization
• Open Pit Potential, Oxidized, Heap Leach Potential, Low
Sulfidation, Highly Fractured, Epithermal Mineralization
Focus of Property Gold Exploration
Location Near Suaqui Grande, Mexico
Closest large center - Hermosillo, Sonora
(2.5 Hour Driving Distance)
Development Stage Moderate / Advanced Exploration
Metals Gold with Silver Credit
Deposit Type Low Sulfidation, Epithermal, Volcanic
host, Highly Fractured, Oxidized, Altered
Moderate / Advanced Exploration
Highly Fractured and
Oxidized Host Rock
TSX Venture: CBI
Pilar: Exploration to Date
• Mineralized zone - 1,200m x 625m
• 3 Mineralized Zones - drill tested and remain open on trend
and at depth
• Average metallurgical recovery: 92% (3 x 72 hour bottle roll
tests)
• 17,700m cumulative Drilling (Core & RC)
• 2,650m of Channel/Trench Sampling
• Trench samples as high as: 55.4 g/t Au over 3m, 28.6 g/t Au
over 6m, and 3.39 g/t Au over 50m
• Magnetic & 3DIP Surveys completed over Guadaloupana
claims
• Extensive Chip Samples & Soil Samples (mapped)
• 92 Samples averaged 1.22 g/t Au
• Au in Soils in undrilled area reach as high as 2.03 g/t Au
7
TSX Venture: CBI
8
Pilar: Trenching and Soil Samples
Main Zone
North Hill
Zone
4 Trench Zone
Guadaloupana Claim
La Sonora Claim
Gold in Soil Survey – La Sonora Claim
Sample in Meters Grade Au (g/t)
6 28
9 7.72
12 4.4
3 55.4
Trench Sample Highlights
Main Zone
Trench work Trench work
Metallurgical Recovery
3 Test Average :
92%
72 hour bottle roll
TSX Venture: CBI
Pilar: Historic Drilling Highlights
9
40.5m @ 0.73 g/t Au
3m @ 5.4 g/t Au
16.5m @53.4 g/t Au
25.5m @1.07 g/t Au
9m @ 10.16 g/t Au
13.5m @ 8.92 g/t Au
61.5m @ 0.75 g/t Au
66m @0.94 g/t Au
9m @ 8.14 g/t Au
40.5m @1.31 g/t Au
Topographic View of
North Hill and Main Zone
TSX Venture: CBI
10
3D – Mineralized Envelope (0.20 g/t Au cut off)
Main Zone
North Hill
Pilar: Historic Drilling Highlights (continued)
Hole ID Intercept (m) Results (g/t) Operator
JES-18-03 13.5 5.64 CBI
incl. 9 8.16 CBI
incl. 1.5 33.4 CBI
JES-18-04 28.5 0.57 CBI
JES-18-07 12 0.52 CBI
incl. 3 1.74 CBI
JES-18-19 45 0.73 CBI
incl. 3 5.37 CBI
JES-18-24 61.5 0.75 CBI
incl. 1.5 17.3 CBI
JES-18-25 3 5.4 CBI
Hole ID Intercept (m) Results (g/t) Operator
S-10 16.5 53.47 SCM
Q-8b 13.5 9.64 SCM
P-8 15 1.06 SCM
P-9b 9 10.16 SCM
N-8c 4.5 2.59 SCM
K-16 7.5 3.3 SCM
R-8 6 2.19 SCM
PP-8 7.5 1.07 SCM
P-8b 43.5 0.65 SCM
PP-8c 12 2.15 SCM
R-8c 9 2.36 SCM
Q-11b 4.5 1.24 SCM
and 9 1.46 SCM
and 12 3.9 SCM
Hole ID Intercept (m) Results (g/t) Operator
J-3 3 3.05 CGR
J-7 3 7.91 CGR
JES-10 60 0.58 CGR
JES-12 40.5 1.31 CGR
JES-15 10.5 1.01 CGR
and 4.5 1.93 CGR
JES-17 3 1.13 CGR
JES-25 4.5 1.04 CGR
and 3 1.38 CGR
JESP-12-4 3 3.44 CGR
and 21 0.84 CGR
JESP-12-18 3 1.25 CGR
JESP-13-15 66 0.94 CGR
and 1.5 7.36 CGR
TSX Venture: CBI
11
Pilar: Going Forward
➢ Advanced Modeling
➢ Resource Infill Drilling
➢ Exploration Drilling
➢ 43-101 Compliant Resource Calculation
➢ Preliminary Economic Assessment
➢ Potential Open Pit Heap Leach Operation
Evelyn Gold Property
Caborca Area, Sonora
TSX Venture: CBI
13
High Potential Exploration Opportunity
• Acquired in 2008
• 506 hectares - located in northwest Sonora, Mexico
• Easy access: 150 kilometres northwest of the capital
city, Hermosillo
• “Great Address!”
• 30km from La Herradura Gold Mine (Fresnillo
PLC)
• FY17 Production: 473,638 Oz Au
• 9km from Noche Buena Gold Mine (Industrias
Penoles)
• FY2017 Production: 172,282 Oz Au
• On strike with the El Chanate Gold Mine (Alamos
Gold)
• FY2015 Production 79,312 Oz Au
• Initial soil and rock chip sampling work has been
completed
• Highlight: Quartz vein in outcrop sampled an average
of 10 g/t Au over 80m. Average vein width: 1.5m
• Heavy artisanal placer mining activity on property
Pitaya JV
Evelyn
Early Stage Exploration
*In addition… structural study indicates a similar setting to the
large orogenic deposit of Noche Buena. Possible low grade / high
tonnage gold deposit(s)!
Evelyn Gold Property
TSX Venture: CBI
• SSW to NNE trending
Quartz Vein (exposed)
at saddle measures
over 130m at surface
• 80m sampled over vein
averages over 10 g/t Au
– vein averages 1m to
3m wide
NW trending Structure - (A typical orientation for gold
deposits in NW Sonora) 14
Evelyn: Structure & Mineralization
TSX Venture: CBI
View from top of Saddle looking toward Noche Buena Mine 9km to SW
Noche Buena Mine
Soil anomaly
View from top of Saddle looking NE along quartz vein.
Strong soil anomalies are to the NE.
Quartz Vein Extension
15
Noche Buena (Fresnillo)
➢ Additional Exploration focussed on soil anomalies
➢ Geophysical surveys – 3DIP & Magnetic
➢ Drilling
Soil Sample Map
*Soil
Samples
>100 ppb
are
significant
in NW
Sonora
where cut
off grades
avg. 0.25
to 0.3 ppm
Qtz vein at
Saddle
Soil anomaly
Evelyn: Going Forward
El Mezquite Gold Property
Yecora Area, Sonora
TSX Venture: CBI
El Mezquite
El Mezquite Project
• 180 Hectares
• Sierra Madre Occidental – Sonora
Gold Belt, Mexico
• Potential to host low grade / large
tonnage deposits
• 10 km NW of Tepoca, Sonora
Mexico (175 km ESE of Hermosillo)
• Between: La Mulatos Mine (58km
North East)/La India Mine (50km
North East) and La Colorada Mine
(100km North West)
• Easily accessed by ranch road
• Accessible infrastructure and
skilled workforce
• Purchased for $1,000,000 CDN via
Convertible Debenture at $0.20
per share
17
Early Stage Exploration
High Potential Exploration Opportunity
El Mezquite Gold Property
TSX Venture: CBI
• 321 Rock Chip Samples
• 42 showing high values (>0.10 g/t Au) (up to 3.41 g/t Au & 198 g/t Ag)
• 3DIP & Mag survey completed over Eastern side of property – drill targets
identified
• Historical artisanal mines and workings – several yet to be mapped
• Never been drilled
• Anomalous 300m x 600m mineralized zone identified
• Assessment of additional chargeability anomalies required on west side of
property which also has historical obras (workings)
18
El Mezquite: Exploration to Date
TSX Venture: CBI
➢ Additional geochemical exploration focussed on surface
anomalies – mapping and sampling
➢ Additional geophysical survey work on other targets
➢ Drilling
19
El Mezquite: Going Forward
+
Grab Samples
(g/t Au)
Management & Board
Experience & Leadership
TSX Venture: CBI
Leadership Team
21
Management is experienced in mineral exploration, mine development, business development, and corporate finance.
Ronald Goguen, Sr.
Chairman/CEO/
President
Founder, Former President, CEO & Chairman of both Major Drilling International (TSX: MDI) and the
Beaver Brook Antimony Mine
Brian Crawford, CPA CFO 30 Years Experience as Financial Officer of Public and Private Corporations
Ian McGavney COO
Founder & Past President of Skye Capital Corporation and Northern Lorena Resources. Nearly two
decades of experience in junior resource company operations, finance, and marketing
Ed Stringer Director
50 Years in the Mineral Exploration Business; Former CEO of Britannia Mine (sold to Hudbay
Minerals)
Paul Bartos, Ph.D. Director
Noted Authority on Epithermal Gold Deposits; Principal Geologist, AngloGold Ashanti; Extensive
Experience in Latin America
Roger Doucet Director Former Director of Exploration for Agnico-Eagle Mines Mexico; Quebec Prospector of the year 1978
Jacques Monette Director 40 Years Experience as an Underground Mine developer
William MacDonald Director Retired; Former Director of Logistics for a drilling company in Mexico
Share Structure
As of: March 15, 2019
TSX Venture: CBI
Share Structure
23
Ticker Symbol TSX Venture: CBI
Total Shares Outstanding 59,082,986
Warrants: 23,239,480
4,462,500 - 25c until Sept, 2019
11,042,980 -15c until February, 2023
1,350,000 - 15c until March, 2023
6,384,000 – 10c until March, 2022
Options: 4,325,000
550,000 - 15c until June, 2021
1,975,000 – 10c until April, 2023
1,800,000 – 10c until April, 2028
Fully Diluted Shares 86,647,466
Insider & Management Ownership
Retail Ownership
40%
60%
TSX Venture: CBI
12 month Go Forward Plan – (Creating Value & News Flow)
1) Sell Pitaya interest
2) Complete proposed work on current projects
Priority Work:
i. Trenching, Mapping and Drilling at El Mezquite
ii. Geophysics, Mapping and Drilling at Evelyn
iii. Structure Study and Trenching at Pilar
iv. Prospecting at Jackie
3) Joint Venture 1 or more projects (Evelyn, Pilar, El Mezquite &
Jackie)
Budget: $1.5 Million USD ($2 million CDN)
❖ $0.5 Million USD ($0.65 million CDN) - Pitaya sale proceeds
❖ $1.0 Million USD ($1.35 Million CDN – via Private Placement)
24
Summary
TSX Venture: CBI
25
Colibri Resource Corporation
Suite 700-105 Englehart Street
Dieppe, New Brunswick E1A 8K2
Canada
TSX Venture – CBI
Phone: (506) 383-4274
Email: info@colibriresource.com
THANK YOU!
Pitaya Property
Caborca Area, Sonora Mexico
Appendix 1
TSX Venture: CBI
Pitaya Property (JV Partnership with Agnico)
27
Commodity: Gold (Au)
Size: 6564 hectares (65.64 Km²)
Stage: Advanced Exploration
Ownership: 24.45% (JV Partner Agnico Eagle: 75.55%)
Location: Sonora State, Mexico
Reserves: Not determined
Nearby Exploration: Fresnillo - Tajitos Project (>400 Koz Au) – 2km (E)
Nearby Mines: Fresnillo - La Herradura (>10 Moz Au) – 40km (NW)
Fresnillo - Noche Buena (>1 Moz Au) – 10km (W)
Minera Alamos - El Chanate (>1 Moz Au) – 30km (SE)
Fresnillo - Soledad Dipolos (> 400 Koz Au) – 25km (NE)
PLIEGUE NORTH
ZONE
Advanced Exploration
TSX Venture: CBI
Pitaya Property
28
Extensive work completed on Project:
• Drilling: 15,322 m
• Drilling 2017: 7,642 m (27 holes)
• Chip & Soil Samples: 2,700 +
• Ground Mag / SRK Extensive
• Mapping & Modelling Extensive
• Total Expenditures: $6.26 million USD
• Expended in 2017: $1.36 million USD
Regional Perspective
GO FORWARD PLAN: Sell interest in project - Expected Proceeds $500,000 USD (or greater)
- Announced December 5th, 2018
>10 Moz Au
(>0.4 MozAu)
>5 Moz
Jackie Property
High Sierra, Sonora Mexico
Appendix 2
TSX Venture: CBI
Jackie Property
• Property acquisition announced in October 2018
• 1130 Hectares (2km SSW of El Mezquite)
• High Sierra Madre – Sonora, Mexico
• No historic exploration or drilling
• Claims border Minera Alamos’ “Santana” Project – (6.5 km to “Nicho Deposit”)
• Several alteration anomalies identified for by satellite imagery
30
Minera Alamos’ – Santana Project
Recent Drilling Results: (Nicho Deposit)
• Hole S118-116 -- 93.5 metres of 0.65 g/t
Au (from surface) – Oct. 11, 2018
• Hole S18-117 -- 80.4 metres of 1.05 g/t
Au – Oct. 17, 2018
• Hole S18-121 -- 95.7 metres of 0.85 g/t
Au, 9.8 g/t Ag and 0.33 per cent copper
(1.47 g/t Au equivalent) – Divisadero
Discovery – Oct. 25, 2018
REGIONAL EXPLORATION
Grass Roots Exploration
Jackie
M
Jackie
Claim
El Mezquite
Sierra Madre Occidental
Going Forward: 2019 Plans
• Chip sampling
• Soil sampling
• Geophysical survey on targets
Potential:
Multi - Large tonnage / Low Grade deposits

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Colibri Resource Corporation Corporate Presentation - (CBI-V) - March 2019

  • 1. TSX Ventur e - CBI March 2019 Corporate Presentation Delivering Value Through Exploration…
  • 2. TSX Venture: CBI Forward Looking Statements This presentation is strictly confidential and must not be copied, distributed, circulated or disseminated without the express written consent of the Corporation. This presentation does not constitute an “offering memorandum” as such term is defined under Canadian securities legislation and confers no statutory, contractual or other similar rights of rescission or other action or remedy to any recipient under securities legislation in Canada, the United States or other jurisdiction for misrepresentation or otherwise. No securities are being offered for sale hereunder. This document does not provide full disclosure of all material facts relating to the securities offered. Readers must conduct their own analysis and review of the Corporation and of the information contained in this presentation and must contact their own professional advisors. This presentation contains “forward-looking information”. Forward-looking information includes, without limitation, statements regarding macroeconomic factors, future demand and supply dynamics for lithium, production and development forecasts and timelines, mineral resource estimates, future lithium prices, solutions to past problems, valuations, capital and operating expenditures, ability to obtain financing, currency exchange rates, government regulation of mining operations, and environmental risks. In general, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “projects”, “forecasts”, “budget”, “estimates”, “schedule”, “intends”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Some of the specific forward-looking information herein includes <>. The forward-looking information is based upon factors and assumptions the Company believes is reasonable based on information currently available to them. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance of the Corporation to differ from forward-looking information. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Corporation does not undertake to update any forward-looking information, except as required under applicable securities laws. These materials may contain inaccuracies or typographical errors. The Corporation shall not be responsible for any errors or omissions contained in these materials and do not guarantee the accuracy, completeness or timeliness of the information contained herein. Jackie Stephens P.Geo., who is a qualified person under National Instrument 43-101 and is independent of the Corporation, has reviewed the scientific and technical information related to geology and exploration in this presentation. 2
  • 3. TSX Venture: CBI 3 QUICK FACTS ➢ Trades: TSX.V: CBI | FSE: 2CO ➢ Property Portfolio Focused on Sonora, Mexico ➢ Led by an Experienced Management Team and Board who have Found, Developed, and Managed Producing Mines CORPORATE STRUCTURE ➢ 59.1 million shares outstanding ➢ 86.6 million shares fully diluted ➢ Based in Moncton, New Brunswick, Canada FIVE EXPLORATION PROJECTS IN SONORA, MEXICO ➢ Pilar ➢ Evelyn ➢ El Mezquite ➢ Pitaya – JV with Agnico Eagle (being sold) ➢ Jackie Introduction Sonora State, Mexico HermosilloOffice
  • 4. 1. Mexico - 8th largest producer of gold globally at 125 million metric tons – (1st in silver production) 2. Mexico - Politically stable country – Mining friendly (approximately 4% of GDP) 3. Well Endowed Geologically – Sonora State represents the largest share of annual gold production in the country 4. Sonora has an affordable & experienced labour force and materials are easily sourced 5. All Colibri projects are geographically near producing or past producing mines 6. 4 of 5 of Colibri’s exploration projects have historic artisanal mining on property – increased probability of finding additional deposits using modern science Why Mexico? Why Sonora?
  • 5. Pilar Gold Property Suaqui Grande Area, Sonora
  • 6. TSX Venture: CBI Pilar Gold Property 6 • 12 km NE of Suaqui Grande, Sonora, Mexico • 100% owned (no royalties) • Near Surface Mineralization • Open Pit Potential, Oxidized, Heap Leach Potential, Low Sulfidation, Highly Fractured, Epithermal Mineralization Focus of Property Gold Exploration Location Near Suaqui Grande, Mexico Closest large center - Hermosillo, Sonora (2.5 Hour Driving Distance) Development Stage Moderate / Advanced Exploration Metals Gold with Silver Credit Deposit Type Low Sulfidation, Epithermal, Volcanic host, Highly Fractured, Oxidized, Altered Moderate / Advanced Exploration Highly Fractured and Oxidized Host Rock
  • 7. TSX Venture: CBI Pilar: Exploration to Date • Mineralized zone - 1,200m x 625m • 3 Mineralized Zones - drill tested and remain open on trend and at depth • Average metallurgical recovery: 92% (3 x 72 hour bottle roll tests) • 17,700m cumulative Drilling (Core & RC) • 2,650m of Channel/Trench Sampling • Trench samples as high as: 55.4 g/t Au over 3m, 28.6 g/t Au over 6m, and 3.39 g/t Au over 50m • Magnetic & 3DIP Surveys completed over Guadaloupana claims • Extensive Chip Samples & Soil Samples (mapped) • 92 Samples averaged 1.22 g/t Au • Au in Soils in undrilled area reach as high as 2.03 g/t Au 7
  • 8. TSX Venture: CBI 8 Pilar: Trenching and Soil Samples Main Zone North Hill Zone 4 Trench Zone Guadaloupana Claim La Sonora Claim Gold in Soil Survey – La Sonora Claim Sample in Meters Grade Au (g/t) 6 28 9 7.72 12 4.4 3 55.4 Trench Sample Highlights Main Zone Trench work Trench work Metallurgical Recovery 3 Test Average : 92% 72 hour bottle roll
  • 9. TSX Venture: CBI Pilar: Historic Drilling Highlights 9 40.5m @ 0.73 g/t Au 3m @ 5.4 g/t Au 16.5m @53.4 g/t Au 25.5m @1.07 g/t Au 9m @ 10.16 g/t Au 13.5m @ 8.92 g/t Au 61.5m @ 0.75 g/t Au 66m @0.94 g/t Au 9m @ 8.14 g/t Au 40.5m @1.31 g/t Au Topographic View of North Hill and Main Zone
  • 10. TSX Venture: CBI 10 3D – Mineralized Envelope (0.20 g/t Au cut off) Main Zone North Hill Pilar: Historic Drilling Highlights (continued) Hole ID Intercept (m) Results (g/t) Operator JES-18-03 13.5 5.64 CBI incl. 9 8.16 CBI incl. 1.5 33.4 CBI JES-18-04 28.5 0.57 CBI JES-18-07 12 0.52 CBI incl. 3 1.74 CBI JES-18-19 45 0.73 CBI incl. 3 5.37 CBI JES-18-24 61.5 0.75 CBI incl. 1.5 17.3 CBI JES-18-25 3 5.4 CBI Hole ID Intercept (m) Results (g/t) Operator S-10 16.5 53.47 SCM Q-8b 13.5 9.64 SCM P-8 15 1.06 SCM P-9b 9 10.16 SCM N-8c 4.5 2.59 SCM K-16 7.5 3.3 SCM R-8 6 2.19 SCM PP-8 7.5 1.07 SCM P-8b 43.5 0.65 SCM PP-8c 12 2.15 SCM R-8c 9 2.36 SCM Q-11b 4.5 1.24 SCM and 9 1.46 SCM and 12 3.9 SCM Hole ID Intercept (m) Results (g/t) Operator J-3 3 3.05 CGR J-7 3 7.91 CGR JES-10 60 0.58 CGR JES-12 40.5 1.31 CGR JES-15 10.5 1.01 CGR and 4.5 1.93 CGR JES-17 3 1.13 CGR JES-25 4.5 1.04 CGR and 3 1.38 CGR JESP-12-4 3 3.44 CGR and 21 0.84 CGR JESP-12-18 3 1.25 CGR JESP-13-15 66 0.94 CGR and 1.5 7.36 CGR
  • 11. TSX Venture: CBI 11 Pilar: Going Forward ➢ Advanced Modeling ➢ Resource Infill Drilling ➢ Exploration Drilling ➢ 43-101 Compliant Resource Calculation ➢ Preliminary Economic Assessment ➢ Potential Open Pit Heap Leach Operation
  • 13. TSX Venture: CBI 13 High Potential Exploration Opportunity • Acquired in 2008 • 506 hectares - located in northwest Sonora, Mexico • Easy access: 150 kilometres northwest of the capital city, Hermosillo • “Great Address!” • 30km from La Herradura Gold Mine (Fresnillo PLC) • FY17 Production: 473,638 Oz Au • 9km from Noche Buena Gold Mine (Industrias Penoles) • FY2017 Production: 172,282 Oz Au • On strike with the El Chanate Gold Mine (Alamos Gold) • FY2015 Production 79,312 Oz Au • Initial soil and rock chip sampling work has been completed • Highlight: Quartz vein in outcrop sampled an average of 10 g/t Au over 80m. Average vein width: 1.5m • Heavy artisanal placer mining activity on property Pitaya JV Evelyn Early Stage Exploration *In addition… structural study indicates a similar setting to the large orogenic deposit of Noche Buena. Possible low grade / high tonnage gold deposit(s)! Evelyn Gold Property
  • 14. TSX Venture: CBI • SSW to NNE trending Quartz Vein (exposed) at saddle measures over 130m at surface • 80m sampled over vein averages over 10 g/t Au – vein averages 1m to 3m wide NW trending Structure - (A typical orientation for gold deposits in NW Sonora) 14 Evelyn: Structure & Mineralization
  • 15. TSX Venture: CBI View from top of Saddle looking toward Noche Buena Mine 9km to SW Noche Buena Mine Soil anomaly View from top of Saddle looking NE along quartz vein. Strong soil anomalies are to the NE. Quartz Vein Extension 15 Noche Buena (Fresnillo) ➢ Additional Exploration focussed on soil anomalies ➢ Geophysical surveys – 3DIP & Magnetic ➢ Drilling Soil Sample Map *Soil Samples >100 ppb are significant in NW Sonora where cut off grades avg. 0.25 to 0.3 ppm Qtz vein at Saddle Soil anomaly Evelyn: Going Forward
  • 16. El Mezquite Gold Property Yecora Area, Sonora
  • 17. TSX Venture: CBI El Mezquite El Mezquite Project • 180 Hectares • Sierra Madre Occidental – Sonora Gold Belt, Mexico • Potential to host low grade / large tonnage deposits • 10 km NW of Tepoca, Sonora Mexico (175 km ESE of Hermosillo) • Between: La Mulatos Mine (58km North East)/La India Mine (50km North East) and La Colorada Mine (100km North West) • Easily accessed by ranch road • Accessible infrastructure and skilled workforce • Purchased for $1,000,000 CDN via Convertible Debenture at $0.20 per share 17 Early Stage Exploration High Potential Exploration Opportunity El Mezquite Gold Property
  • 18. TSX Venture: CBI • 321 Rock Chip Samples • 42 showing high values (>0.10 g/t Au) (up to 3.41 g/t Au & 198 g/t Ag) • 3DIP & Mag survey completed over Eastern side of property – drill targets identified • Historical artisanal mines and workings – several yet to be mapped • Never been drilled • Anomalous 300m x 600m mineralized zone identified • Assessment of additional chargeability anomalies required on west side of property which also has historical obras (workings) 18 El Mezquite: Exploration to Date
  • 19. TSX Venture: CBI ➢ Additional geochemical exploration focussed on surface anomalies – mapping and sampling ➢ Additional geophysical survey work on other targets ➢ Drilling 19 El Mezquite: Going Forward + Grab Samples (g/t Au)
  • 21. TSX Venture: CBI Leadership Team 21 Management is experienced in mineral exploration, mine development, business development, and corporate finance. Ronald Goguen, Sr. Chairman/CEO/ President Founder, Former President, CEO & Chairman of both Major Drilling International (TSX: MDI) and the Beaver Brook Antimony Mine Brian Crawford, CPA CFO 30 Years Experience as Financial Officer of Public and Private Corporations Ian McGavney COO Founder & Past President of Skye Capital Corporation and Northern Lorena Resources. Nearly two decades of experience in junior resource company operations, finance, and marketing Ed Stringer Director 50 Years in the Mineral Exploration Business; Former CEO of Britannia Mine (sold to Hudbay Minerals) Paul Bartos, Ph.D. Director Noted Authority on Epithermal Gold Deposits; Principal Geologist, AngloGold Ashanti; Extensive Experience in Latin America Roger Doucet Director Former Director of Exploration for Agnico-Eagle Mines Mexico; Quebec Prospector of the year 1978 Jacques Monette Director 40 Years Experience as an Underground Mine developer William MacDonald Director Retired; Former Director of Logistics for a drilling company in Mexico
  • 22. Share Structure As of: March 15, 2019
  • 23. TSX Venture: CBI Share Structure 23 Ticker Symbol TSX Venture: CBI Total Shares Outstanding 59,082,986 Warrants: 23,239,480 4,462,500 - 25c until Sept, 2019 11,042,980 -15c until February, 2023 1,350,000 - 15c until March, 2023 6,384,000 – 10c until March, 2022 Options: 4,325,000 550,000 - 15c until June, 2021 1,975,000 – 10c until April, 2023 1,800,000 – 10c until April, 2028 Fully Diluted Shares 86,647,466 Insider & Management Ownership Retail Ownership 40% 60%
  • 24. TSX Venture: CBI 12 month Go Forward Plan – (Creating Value & News Flow) 1) Sell Pitaya interest 2) Complete proposed work on current projects Priority Work: i. Trenching, Mapping and Drilling at El Mezquite ii. Geophysics, Mapping and Drilling at Evelyn iii. Structure Study and Trenching at Pilar iv. Prospecting at Jackie 3) Joint Venture 1 or more projects (Evelyn, Pilar, El Mezquite & Jackie) Budget: $1.5 Million USD ($2 million CDN) ❖ $0.5 Million USD ($0.65 million CDN) - Pitaya sale proceeds ❖ $1.0 Million USD ($1.35 Million CDN – via Private Placement) 24 Summary
  • 25. TSX Venture: CBI 25 Colibri Resource Corporation Suite 700-105 Englehart Street Dieppe, New Brunswick E1A 8K2 Canada TSX Venture – CBI Phone: (506) 383-4274 Email: info@colibriresource.com THANK YOU!
  • 26. Pitaya Property Caborca Area, Sonora Mexico Appendix 1
  • 27. TSX Venture: CBI Pitaya Property (JV Partnership with Agnico) 27 Commodity: Gold (Au) Size: 6564 hectares (65.64 Km²) Stage: Advanced Exploration Ownership: 24.45% (JV Partner Agnico Eagle: 75.55%) Location: Sonora State, Mexico Reserves: Not determined Nearby Exploration: Fresnillo - Tajitos Project (>400 Koz Au) – 2km (E) Nearby Mines: Fresnillo - La Herradura (>10 Moz Au) – 40km (NW) Fresnillo - Noche Buena (>1 Moz Au) – 10km (W) Minera Alamos - El Chanate (>1 Moz Au) – 30km (SE) Fresnillo - Soledad Dipolos (> 400 Koz Au) – 25km (NE) PLIEGUE NORTH ZONE Advanced Exploration
  • 28. TSX Venture: CBI Pitaya Property 28 Extensive work completed on Project: • Drilling: 15,322 m • Drilling 2017: 7,642 m (27 holes) • Chip & Soil Samples: 2,700 + • Ground Mag / SRK Extensive • Mapping & Modelling Extensive • Total Expenditures: $6.26 million USD • Expended in 2017: $1.36 million USD Regional Perspective GO FORWARD PLAN: Sell interest in project - Expected Proceeds $500,000 USD (or greater) - Announced December 5th, 2018 >10 Moz Au (>0.4 MozAu) >5 Moz
  • 29. Jackie Property High Sierra, Sonora Mexico Appendix 2
  • 30. TSX Venture: CBI Jackie Property • Property acquisition announced in October 2018 • 1130 Hectares (2km SSW of El Mezquite) • High Sierra Madre – Sonora, Mexico • No historic exploration or drilling • Claims border Minera Alamos’ “Santana” Project – (6.5 km to “Nicho Deposit”) • Several alteration anomalies identified for by satellite imagery 30 Minera Alamos’ – Santana Project Recent Drilling Results: (Nicho Deposit) • Hole S118-116 -- 93.5 metres of 0.65 g/t Au (from surface) – Oct. 11, 2018 • Hole S18-117 -- 80.4 metres of 1.05 g/t Au – Oct. 17, 2018 • Hole S18-121 -- 95.7 metres of 0.85 g/t Au, 9.8 g/t Ag and 0.33 per cent copper (1.47 g/t Au equivalent) – Divisadero Discovery – Oct. 25, 2018 REGIONAL EXPLORATION Grass Roots Exploration Jackie M Jackie Claim El Mezquite Sierra Madre Occidental Going Forward: 2019 Plans • Chip sampling • Soil sampling • Geophysical survey on targets Potential: Multi - Large tonnage / Low Grade deposits