DEVELOPING GOLD PROJECTS IN THE PROLIFIC SONORA GOLD BELT - ME XICO - - PowerPoint PPT Presentation

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TSX Ventur e - CBI DEVELOPING GOLD PROJECTS IN THE PROLIFIC SONORA GOLD BELT - ME XICO N o v . 2 9 , 2 0 1 8 Forward Looking Statements This presentation is strictly confidential and must not be copied, distributed, circulated or disseminated


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DEVELOPING GOLD PROJECTS IN THE PROLIFIC SONORA GOLD BELT - ME XICO

TSX Ventur e - CBI

N o v . 2 9 , 2 0 1 8

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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

  • perations, 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.

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TSX Venture: CBI

Leadership Team

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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; Exploration Driller. Former CEO of Britannia Mine (sold to Hudbay Minerals)

Paul Bartos, Ph.D.

Director Noted Authority on Epithermal Gold Deposits; Vice President and Chief Geologist, Anglo Gold; 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

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TSX Venture: CBI

Colibri Resource Corporation at a Glance

4 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

  • 52.9 million shares outstanding
  • 74.1 million shares fully diluted
  • Based in Moncton, New Brunswick, Canada

FIVE EXPLORATION PROJECTS IN SONORA, MEXICO

  • Pitaya – JV with Agnico Eagle
  • Pilar
  • Jackie
  • Evelyn
  • El Mezquite

El Mezquite & Jackie Evelyn

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Why Mexico? Why Sonora?

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

5% of GDP)

3. Genetically gifted geologically – Sonora represents the largest share of 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 (“the best place to find a gold mine is near another gold mine”) 6. 4 of 5 of Colibri’s exploration projects have historic artisanal mining on property – increased probability of finding additional deposits using modern science

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TSX Venture: CBI

Pitaya Property (JV Partnership with Agnico)

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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)

  • Min. Alamos - El Chanate (>1 Moz Au) – 30km (SE)

Fresnillo - Soledad Dipolos (> 400 Koz Au) – 25km (NE)

PLIEGUE NORTH ZONE

Advanced Exploration

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TSX Venture: CBI

Pitaya Property

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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)

>10 Moz Au (>0.4 MozAu) >5 Moz

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TSX Venture: CBI

Pilar Gold Property

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  • 12 km NE of Suaqui Grande, Sonora, Mexico
  • 100% owned (no royalties)
  • Near Surface Mineralization
  • Asset held in wholly owned Mexican subsidiary company

Focus Property The Pilar Gold Property Location Near Suaqui Grande, Mexico Closest large center - Hermosillo, Sonora (2.5 Hour Driving Distance) Development Stage Advanced Exploration Metals Gold with Silver Credit Deposit Type Low/Moderate Sulfidation, Epithermal, Volcanic host, Highly Fractured, Oxidized, Altered Going Forward

  • Resource Drilling and Calculation
  • Exploration Drilling
  • Preliminary Economic Assessment
  • Potential Open Pit Heap Leach Operation

Advanced Exploration

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TSX Venture: CBI

Pilar Gold Property

  • 105 hectares
  • 100% Ownership, No NSR
  • Mineralized zone 1,200m x 625m
  • 3 Mineralized Zones drill tested and remain
  • pen in several directions
  • Main Zone, North Hill, 4-Trench
  • Several untested targets with great potential
  • Average recovery: 92% (3 x 72 hour bottle roll)
  • 17,700m Drilling (Core & RC)
  • 2,650m of Channel/Trench

Sampling/Mapping/3DIP

  • Trench samples as high as: 55.4 g/t Au
  • ver 3m, 28.6 g/t Au over 6m, and 3.39

g/t Au over 50m - (Historic info from

previous operator)

  • 739 Rock-chip Samples & 87 Soil Samples

(mapped)

  • 92 Samples averaged 1.22 g/t Au in 2009
  • Open Pit Potential, Oxidized, Heap Leach

Potential, Moderate Sulfidation, Highly Fractured, Epithermal Mineralization

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3D – Mineralized Envelope (0.20 g/t Au cut off) Topographic View of North Hill and Main Zone

Main Zone North Hill Main Zone North Hill Open to south east

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TSX Venture: CBI

Pilar - Historic Drilling Highlights

10 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 Go Forward Exploration Objectives:

  • Expand on Previous Drilling Success
  • Drill for Continuity of Grade, Extension and Depth
  • Additional Metallurgical Testing
  • Prove up Mineralized Structure
  • Potential Joint Venture Opportunities

9m @ 10.16 g/t Au 13.5m @ 8.92 g/t Au

Open to south east

61.5m @ 0.75 g/t Au 66m @0.94 g/t Au 9m @ 8.14 g/t Au

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TSX Venture: CBI

Recently Acquired: 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 exploration by satellite imagery

11 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

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TSX Venture: CBI

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Jackie Property

Jackie Claim Map

Exploration Targets

Zoomed Image Zoomed Image

Potential hydrothermal alteration

Potential:

Multi - Large tonnage / Low Grade deposits

Going Forward: 2019 Plans

  • Chip sampling
  • Soil sampling
  • Geophysical survey on targets
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TSX Venture: CBI

Evelyn Gold Property

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

  • Heavy artisanal placer mining activity on property
  • “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
  • f 10 g/t Au over 80m.

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)!

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TSX Venture: CBI

  • SSW to NNE trending

Quartz Vein (exposed) at saddle measures

  • ver 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)

Evelyn Property

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TSX Venture: CBI

Evelyn Property

Noche Buena (Fresnillo)

Going Forward:

  • Additional Exploration focussed on soil anomalies
  • Geophysical survey
  • Drilling
  • Potential Joint Venture Opportunity

Soil Sample Map

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

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*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

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Quartz Vein/Fault +Zoom Placer/Gambusino Operations - Evelyn

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TSX Venture: CBI

Placer/Gambusino Operations - Evelyn

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TSX Venture: CBI

Mezquite El Mezquite Project

Recently Acquired: El Mezquite Property

  • 180 Hectares
  • Sierra Madre Occidental – Sonora

Gold Belt, Mexico

  • Potential to host low grade / large

tonnage deposits

  • 10 km NW of Tepoca, Sonora

Mexico (3.2 hours drive ESE from Hermosillo on Hwy #16)

  • 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 18 Early Stage Exploration High Potential Exploration Opportunity

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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 mining (30m adit into

highly altered / oxidized rock)

  • Never been drilled
  • Anomalous 300m x 600m mineralized

zone identified

  • Assessment of additional “chargeability”

anomalies required on west side of property which has historical obras (workings)

El Mezquite Property

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TSX Venture: CBI

El Mezquite Property

Going Forward:

  • Additional exploration focussed on soil anomalies
  • Additional geophysical survey work
  • Drilling
  • Potential Joint Venture Opportunity

+

Grab Samples (g/t Au) 20

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TSX Venture: CBI

Share Structure

21 Ticker Symbol TSX-V: CBI Total Shares Outstanding 52,742,986 Warrants: 16,855,480 4,462,500 - 25c until Sept 6,2019 11,042,980 -15c until February, 2023 1,350,000 - 15c until March, 2023 Options: 4,475,000 150,000 – 15c until January, 2019 550,000 - 15c until June, 2021 1,975,000 – 10c until April, 2023 1,800,000 – 10c until April, 2028 Fully Diluted Shares 74,073,466 Insider & Management Ownership Retail Ownership 40% 60%

A s a t : N o v 3 , 2 0 1 8

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TSX Venture: CBI

Summary

12 month Go Forward Plan – (Creating Value & News Flow)

1. Sell Pitaya interest 2. Joint Venture 1 or more projects (Evelyn, Pilar, El Mezquite & Jackie) 3. Complete proposed work on current projects Priority Work: I. Trenching & Drilling at El Mezquite II. Geophysics & Drilling at Evelyn III. Structure Study and Trenching at Pilar IV. Prospecting at 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)

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TSX Venture: CBI

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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!