CORPORATE PRESENTATION AUGUST 2017

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. Jamie Lavigne, M.Sc. 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.   Pg. 2

December 16, 2016:

Colibri Resource Corp. Signs LOI to Acquire All

Shares of Canadian Gold Resources Ltd.  

   

Transac'on  Currently  Pending  TSX-­‐V  Approval.    

Colibri Resource Corp. at a Glance

Pg. 3

o  Trades: TSX.V: CBI | FSE: 2CO o  Property Portfolio Focused on Sonora, Mexico o  Led by Management Team who have Built and Put Mines into Production

Corporate Structure

o  British Columbia Corporation o  Based in Moncton New Brunswick o  Mexican Subsidiary Owning the Pilar Gold (100%), Minera Bestep S.A. de C.V. o  Mexican Subsidiary Owning Colibri (Pitaya) Joint Venture with Agnico-Eagle (41%) and Evelyn

Project (100%), Minera Halcones S.A de C.V

Quick Facts

Flagship Project: The Pilar Gold Property

 

Joint Venture Project: The Pitaya Gold Property

 

Early Stage Project: The Evelyn Gold Property

 

EVLN  

Key Projects

Flagship Property: The Pilar Gold Project

Pg. 4

Focus Property The Pilar Gold Property

Locatin Near Hermosillo, Sonora (2.5 Hour Driving Distance)

Development Stage Advanced Exploration

Metals Gold with Silver Credit

Deposit Type Open-pit, Heap Leach Potential, Highly Oxidized, In Volcanics

Going Forward Private Placement, Resource Calculation Drilling, Preliminary Economic Assessment

Acquisition Structure (TSX-V Approved on July 25, 2017)

o  Colibli has issued 24,242,424 for a total of $4,000,000 to Ontop Capital. o  CGR owns 100% of the right, title and interest in Minera Bestep S.A. de C.V. (“Bestep”), a

private Mexican company. o  Bestep holds 100% of the right, title and interest in the Pilar Gold Project (“Pilar Property”) and

the Sun Project. o  Both properties are near Suaqui Grande, Sonora, Mexico and neither properties are subject to

any royalties or encumbrances.  

Share Structure

Pg. 5

As close of Business July 31, 2017

Ticker Symbol TSX-V: CBI Total Shares Outstanding 36,290,339  

Warrants: 160,000 @ 8.5c until April 29, 2018 175,000 @ 15.0c until June 30, 2018 2,667,166 @ 25c until Nov 3, 2018 205,373 @ 25c until Nov 3, 2018 (broker warrants)

Options: 550,000 @ 15c until June 15, 2026

Fully Diluted Shares 40,048,478 Insider & Management Ownership 18% Debt Nil

Leadership Team

Pg. 6

Ronald Goguen, Sr.

Chairman and CEO

Founder and Former Chairman of Major Drilling International (TSX: MDI) and Beaver Brook Antimony Mine

Ed Stringer Director 50 Years in the Mineral Exploration Business; Exploration Driller. Former CEO of Britannia Mine (sold to Hudbay)

Paul Bartos, Ph.D

Director Noted Authority on Epithermal Gold Deposits; Vice President and Chief Geologist, Anglo Gold; Extensive Experience in Latin America;

Brian Crawford, CPA

CFO 30 Years Experience as Financial Officer of Public and Private Corporations

Roger Doucet Director Former Director of Exploration for Agnico-Eagle Mines Mexico;

Jacques Monette

Director 40 Years Experience as an Underground Miner

William MacDonald

Director Retired; Former Director of Logistics for a Drilling Company in Mexico

Management experienced in Sonora, epithermal gold deposits and putting mines into production.

Pilar Gold Property

Pg. 7

North Hill Main Zone

Trench work Trench work Fault

o  100% Ownership, No NSR o  In-house Resource Estimate (Main Zone):

-  42,858 Oz Au, Grade 1.9 g/t Au o  Small Scale, High Grade Mining Dating Back to Early 1900’s o  Previous Optionees: -  Santa Catalina Mining - Lundin Group (Oct 95’- Mar 98’) -  Santa Fe Mining (Mar 09’ – Mar 10’) -  Canadian Gold Resources (Jun 10’ – Dec 16’)

o  Extensive Drilling, Trenching, Geophysics, Sampling o  Open Pit, Highly Oxidized, Heap Leach Potential

Pilar Gold Property (105 hectares)

Highly Fractured Rock

Pilar Gold Property – Work Done

Pg. 8

o  1.9km of 3m Channel Sampling (660 x 3m) o  750 Meters of Additional Trenches o  7,500 Plus Meters of Drilling in 1996-1997 o  57 Rock-chip & 27 Soil Samples (all mapped) o  92 Rock-chip Samples (mapped, avg. 1.229 g/t Au) o  590 Rock-chip Samples at 5m Intervals (mapped) o  7,192 Meters of Drilling with CGR Management o  Standard Cyanide Bottle Roll Testing Completed

Significant Amount of Data Collected on Pilar Property)

4 Trench Zone

Main Zone

North Hill

Trench Samples

North Hill

Main Zone

4 Trench Zone

Figure  10  Main  Zone  Block  Model  

Ver5cal  Sec5on  Looking  NW  

Au  g/t  

Our Sweet Spot – Western Side of the Main Zone

Pg. 9

Hole Q-8b: 13.5m @ 9.64 g/t Au

Hole P-9b: 9.0m @ 10.16 g/t Au

             

Hole 13-15: 66.0m @ 0.94 g/t Au

             

Hole JES-12: 41.01m @ 1.31 g/t Au              

Hole J-7: 2.55m @ 7.91 g/t Au

             

Hole JESP-12-4: 21.30m @ 0.84 g/t Au; AND

3.00m @ 3.44 g/t Au

             

Previous Channel & Chip Sampling

Pg. 10

Date Channel    Sampling  (Meters)

Channel Sampling Results

Santa Catalina: Channel Sampling Campaign #1

Late  1995-­‐1996

1,980 As high as: 28.0 g/t over 6m 7.72 g/t over 9m 4.4g/t over 12m

Santa Catalina: Channel Sampling Campaign #2

January 1997

750 As high as: 55.4 g/t Au over 3m

Date Number  of  Chip  Samples

Chip Sampling Results

Chip Sampling Feb 2008 57 Mapped

Chip Sampling May 2008 92 AVG: 1.22 g/t Au

Chip Sampling 2009-10 590 50m of 3.39 g/t Au & Four samples over 10g/t Au

Channel Sampling

Chip Sampling

30+ Major Trenches Spanning 2.7km

Highly Silicified Boulder with Analysis of 6 g/t Au

Previous Drilling Campaigns

Pg. 11

Drill Campaign

Date RC Drilling (Meters)

Best Intercept Results

Santa Catalina: Drill Campaign #1

July 1996 2,900+ S-10: 16.5m of 53.47 g/t Au and 53.4 g/t Ag N-9c: 3m of 4.07 g/t Au and 74.3 g/t Ag Q-8b: 13.5m of 9.64 g/t Au and 7.2 g/t Ag O-8b: 7.5m of 3.33 g/t and 54.8 g/t Ag P-8: 15.0m of 1.06 g/t Au and 6.6 g/t Ag & 7.5m of 1.24 g/t Au and 5.1 g/t Ag & 7.5m of 0.53 g/t Au and 0.8 g/t Ag S-11: 1.5m of 6.70 g/t Au and 56.6 g/t Ag

Santa Catalina: Drill Campaign #2

November 1996

3,200 P-9b: 9.0m of 10.16 g/t Au and 37.8 g/t Ag N-8c: 4.5m over 2.59 g/t Au and 29.4 g/t Ag K-16: 7.5m of 3.30 g/t Au and 31.3 g/t Ag R-8: 6.0m of 2.19 g/t Au and 14.8 g/t Ag & 13.5m of 3.06 g/t Au & 29.4 g/t Ag PP-8: 7.5m of 1.07 g/t Au and 1.5 g/t Ag P-8b: 43.5m of 0.65 g/t Au and 1.4 g/t Ag

Santa Catalina: Drill Campaign #3

August 1997 1,700 S-13b: 1.5m of 8.58 g/t Au and 1.1 g/t Ag @ 1.5m O-10: 4.5m of 0.86 g/t Au and 20 g/t Ag and 3.0m of 1.21 gt Au and 2.9 g/t Ag PP-8c: 24.0m of 0.68 g/t Au and 0.5 g/t Ag; & 12.0m of 2.15 g/t Au and 2.1 g/t Ag; & 6.0m of 1.24 g/t Au and 0.2 g/t Ag; deepest is 75.0m into the hole R-8c: 9.0m of 2.36 g/t Au and 3.1 g/t Ag Q-11b: 4.5m of 1.24 g/t Au and 1.6 g/t Ag; & 9.0m of 1.46 g/t Au and 0.2 g/t Ag; & 12.0m of 3.90 g/t Au and 32.9 g/t Ag; deepest intercept at 103.5m

*The chart shown above is based on Santa Catalina Mining press releases.

RC Drilling Samples Typically Represent 1.5 meters or 1.52

meters (5 feet)

Tables Show all CGR RC Drilling Samples Resulting in +2 g/t Au

Recent Drilling Campaigns & Notable RC Drilling Samples

Pg. 12

2012  RC  Drill  Samples  With  +2  g/t  Au  

Hole  Number  

From  Meters   To  Meters   Au  (g/t)  

12-­‐4   27.43   28.96   3.14  12-­‐4   28.96   30.48   2.00  12-­‐4   30.48   32.00   2.42  12-­‐4   57.91   59.44   5.89  

                 Drill  Campaigns   Date  Meters  Drilled  

Holes    Drilled  

CGR  Drill  Campaign  #1   Jun  2010  Sep  2010  

1,306  2,005    

9  (DD)  16  (RC)  

CGR  Drill  Campaign  #2   May  2012   2,315   21  (RC)  

CGR  Drill  Campaign  #3   Nov  2013   1,566   15  (RC)  

2010  RC  Drill  Samples  With  +2  g/t  Au  

Hole  Number  

From  Meters   To  Meters   Au  (g/t)  

J-­‐3  (core)   3.000   6.050   3.050  J-­‐7  (core)   11.800   14.350   7.950  JESP-­‐10   1.524   3.048   2.330  JESP-­‐10   38.100   39.624   2.650  JESP-­‐12   9.144   10.668   3.563  JESP-­‐12   10.668   12.192   3.890  JESP-­‐12   21.336   22.860   3.740  JESP-­‐12   22.860   24.384   13.950  JESP-­‐15   4.572   6.096   3.950  JESP-­‐15   30.480   32.004   4.590  JESP-­‐18   39.624   41.148   3.270  JESP-­‐21   10.668   12.192   3.900  JESP-­‐22   7.620   9.144   2.100  JESP-­‐25   103.632   105.156   2.500  

2013  RC  Drill  Samples  With  +2  g/t  Au  

Hole  Number  

From  Meters   To  Meters   Au  (g/t)  

13-­‐8   54   55.5   2.34  13-­‐9   61.5   63   3.88  13-­‐15   42   43.5   5.32  13-­‐15   43.5   45   13.92  13-­‐15   60   61.5   2.85  13-­‐15   91.5   93   7.36  

Recent Drilling – Intercept Highlights

Pg. 13

Drill Campaign Date Drilling

(Meters) Best Intercept Results

CGR: Drill Campaign #1

June 2010

1,306 CORE 2,005 RC

J-3: 3.05m of 3.05 g/t Au – from 3.00m downhole J-6: 7.25m of 0.63 g/t Au – from 31.35m downhole J-7: 2.55m of 7.91 g/t Au – from 11.8m downhole JES-10: 59.06m of 0.58 g/t Au – from surface JES-12: 41.01m of 1.31 g/t Au – from surface; Includes 3.05m of 3.71 g/t Au Includes 1.52m of 3.74 g/t Au Includes 1.52m of 13.95 g/t Au AND 4.57m of 1.44 g/t Au – from 103.63m downhole JES-15 10.66m of 1.01 g/t Au – from 3.05m downhole; AND 4.57m of 1.93 g/t Au – from 32.00m downhole JES-17: 3.05m of 1.13 g/t Au – from 41.1m downhole JES-18: 7.62m of 1.89 g/t Au – from 38m downhole JES-21: 3.05m of 2.71 g/t Au – from 10.66m downhole JES-22: 3.05m of 1.20 g/t Au – from 7.62m downhole JES-23: 1.52m of 1.45 g/t Au – from 24.4m downhole JES-24: 1.52m of 0.844 g/t Au – from 3.05m downhole; AND 3.05m of 0.86 g/t Au – from 12.00m downhole; AND 3.05m of 0.99 g/t Au – from 18.3m downhole JES-25: 4.57m of 1.04 g/t Au – from 47.24m downhole; AND 3.05m of 1.38 g/t Au – from 102.10m downhole

Recent Drilling – Intercept Highlights Continued

Pg. 14

Drill Campaign Date Drilling

(Meters) Best Intercept Results

CGR: Drill Campaign #2

May 2012

2,315 RC JESP 12-3 1.52m of 1.17 g/t Au – from 15.24m downhole; AND 1.52m of 1.05 g/t Au – from 32m downhole; AND 35.1m of 0.32 g/t Au – from 57.91m downhole JESP 12-4: 3m of 3.435 g/t Au – from 56.39m downhole; AND 21.3m of 0.84 g/t Au – from 15.24m downhole JESP 12-8: 6.1m of 0.37 g/t Au – from 35.05m downhole; AND 3.05m of 0.75 g/t Au – from 85.34m downhole JESP 12-10: 1.52m of 1.44 g/t Au – from 45.72m downhole JESP 12-18: 3.05m of 1.25 g/t Au – from 45.72m downhole JESP 12-20: 1.52m of 1.7 g/t Au – from 74.68m downhole

CGR: Drill Campaign #3

Nov 2013

1,566 RC JESP-13-07: 7.5m of 0.86 g/t Au – from 58.5m downhole; AND 6.0m of 0.55 g/t Au – from 70.5m downhole JESP -13-08: 19.5m of 0.52 g/t Au – from 52.5m downhole; AND 3.0m of 0.96 g/t Au – from 106.5m downhole JESP-13-09: 22.5m of 0.65 g/t Au – from 54.0m downhole JESP-13-15: 66.0m of 0.94 g/t Au – from 39.0m downhole; Includes 37.5m of 1.18 g/t – from 39.0m downhole Includes 6.0m of 5.24 g/t - from 40.5m downhole AND 1.5m of 7.36 g/t Au – from 91.5m downhole

Highly Oxidized Material is Ideal For Heap Leach Gold Recovery

Pilar Gold – Metallurgical Testing

Pg. 15

Hermosillo-based Laboratorio Technologico de Metalurgia LTM S.A. de C.V (LTM) Was Commissioned to Complete Three Preliminary Metallurgical Tests Bottle Roll Test 1 o  7 Samples Taken at 5-7 metre Intervals Along a 35 Metre Long Section of the Largest

Known Mineralized Structure in the Main Zone. o  Test 1 Head Assay: 1.5 g/t Au and 6.0 g/t Ag o  Test 1 Recovery in 72 Hours: 92.17% Gold and 28.66% Silver Bottle Roll Tests 2 and 3 o  5 samples Taken From the Width of the Same Structure as Test 1, at 5 Metre Intervals,

60-100 Metres from Test 1. o  Test Was Run in Duplicate for Greater Accuracy o  Test 2 and Test 3 Head Assay: 0.79 g/t Au and 7.0 g/t Ag o  Test 2 Recovery in 72 Hours: 91.17% Gold and 16.12% Silver o  Test 3 Recovery in 72 Hours: 93.88% Gold and 12.09% Silver

Excellent Gold Recoveries

Pilar Gold – Path Forward for Next 12 Months

Pg. 16

Corporate Objectives

o  Raise Drilling Campaign Funds Via Private Placement

Technical Objectives

o  Produce Resource Calculation -  at Least 120,000 Ounces of Gold

o  Verify Lundins Mineralized Structured Zone -  1,200m x 625m

o  Preliminary Economic Assessment

Exploration Objectives

o  Drill a Total of 10,000 meters o  Expand on Previous Drilling Success o  Drill for Continuity of Grade, Extension and Depth o  Drill Selected Exploration Targets Outside the Main Zone

PHOTO: RC Drill Activity at 4-Trench Prospect (Hole JESP-18)

Fast Track to Production Initiatives Underway.

Agnico Eagle Has An Established Presence in the Prolific Sonora Mining Region.

Holds 100% Interest

in La India Mine.

La India Produced 104,000 Oz Au in

2015 at a Cost $436 /Oz

Pitaya Property (JV Partnership)

Pg. 17

o  February 28, 2011, Option Agreement signed with Colibri Resources. o  Stage 1, AEM earned on initial 51%

-  by spending more than $1.5M before August 2012 -  and made cash payment totalling $218,000 USD to Colibri.

o  May 14, 2013: Termination of AEM sole funding. Joint Venture formed; -  AEM 51% / Colibri 49% -  AEM sole funding expenditures totalled $2,490,830 USD.

o  December 31, 2014: JV partners interest at AEM 56.45% / Colibri 43.55%, -  AEM JV expenditures totalled $311,531.44 USD

o  May 31, 2017: JV partners interest at AEM 66.33% / Colibri 33.67%

Ownership / Agreement

Panoramic View of Colibri Petaya JV Property

           

2011-­‐15  AcNvity:  $2.965M  Invested,    

24  holes  /  6,543m  drilling  ,  mapping  1,373  surface  

samples;    4,639  drill  samples,  

 6,012  assays  5  parcels  access  agreed  (70%  surface)  

9  drill  targets  define;    4  drill  tested  

   

Highlights:  0.5  g/t  Au  over  31.0  m    0.4  g/t  Au  over  7.7  m    0.9  g/t  Au  over  4.0  m    0.5  g/t  Au  over  11.0  m    6.3  g/t  Au  over  1.0  m    

   

 

Pitaya Property (JV Partnership)

Pg. 18

Target

Heap Leach, Open Pit, Low-cost Gold Project

Property & Location

o  7  mining  claims,  7,300  ha  o  4  internal  claims  (160  ha)  ;  other  par5es  (2  of  them  strategic  ;  72  ha)  o  11  surface  parcels  involved  (Ejido)  Caborca  District,  Sonora,  Mexico    

Property & Location

o  Along-­‐strike  from  low-­‐grade  /  low-­‐cost  La  Herradura,  Soledad  Dipolos,          Noche  Buena  ,  and  El  Chanate  mines  and  deposits    (>10  Moz.)  

o  Adjacent  to  Fresnillo  ́s  new  Tajitos  discovery  (400Koz.,in  progress).      

               

In  Fresnillo’s  2012  Annual  Report,  a  

resource  of  420,000  Oz  Au  was  released  with  the  mineralized  zone  open  along  strike.    

A  cut-­‐off  grade  0.3  g/t  Au  was  used  in  the  

calcula5on.        

   

Pitaya Property – Neighboring Exploration

Pg. 19

Target Exploration by Other Companies Bordering Pitaya Property

o  Fresnillo  PLC  has  been  drilling  the  Tajitos  project,  a  new  discovery  of  low-­‐grade  gold  found  next  to  the  interna5onal  and  federal  Highway  #  5,  near  the  border  with  the  Pitaya  property.  

o  Drilling  in  2012  and  2013,  totaled  6,122  m  of  core  and  34,276  m  of  RC  drilling  and  defined  a  near-­‐surface  gold  resource.  

o  Intense  drilling  ac5vity  has  been  noted  in  the  western  border  claims  of  the  Pitaya  project  by  Fresnillo  PLC.    

o  RC  rigs  were  tes5ng  the  southwest  edge  of  El  Pliegue  Area;  around  20  drill  pads  were  built.      Results  are  s5ll  unknown.  

 Regional magnetics depicting the Pitaya project and surrounding properties. Intense drilling by

Fresnillo PLC along the eastern border of Pitaya claims (Tajitos project, 420 Koz.)  

The Evelyn Gold Property

Pg. 20

o  Acquired in 2008. o  506 hectares and located in northwest Sonora, Mexico. o  Easy access: 150 kilometers northwest of the capital city, Hermosillo. o  Heavy artisanal placer mining activity. o  30km from La Herradura Gold Mine (Fresnillo PLC)

-  FY15 Production: 398,866 Oz Au -  Grade: 0.76 g/t Au & Cost: US $145 per Oz Au

o  9km from Noche Buena Gold Mine (Industrias Penoles) -  FY2015 Production: 158,179 Oz Au

o  “On strike” with the El Chanate Gold Mine (Alamos Gold) -  FY2015 Production 79,312 Oz Au

o  Initial soil and rock chip sampling is the only work to date completed for the site.

High Potential Exploration Opportunity

Path Forward for Next 12 Months

Pg. 21

Flagship Project: The Pilar Gold Property

 

Joint Venture Project: The Pitaya Gold Property

 

Early Stage Project: The Evelyn Gold Property

 

EVLN  

Strategy

o  Resource Calculation Drilling -  Get to 120,000 Oz Au

o  PEA – fast track to production o  Additional Exploration to be

funded from cash flow.  

Corporate Objectives

o  Raise capital in order to drill the Pilar Gold Project. o  Fast track to production.

o  Leave it to JV Partner, who intends further drill campaigns in 2017.

o  Chip Sampling, Geophysics Survey and Soil Sampling along the 80 meter quartz vein in 2017 (total cost approximately $100k)

o  Focus on the Pilar.

Pilar Drill Campaign Photos

Pg. 22

CGR Team at Pilar Ready at the Drill Pad

From Surface 41m of 1.31 g/t Au

Highly Altered Rock in 4-Trench Area

Pilar Drill Campaign Photos (continued)

Pg. 23

Checking The Dip Crew At Work

Hole 13-5

Drilling Activity on Pilar

Pilar Drill Campaign Photos (continued)

Pg. 24

Bagging a Sample Bagged and Numbered Samples

Rock Chips Laid Out For Viewing Starting A New Drill Hole

THANK YOU