Colibri Resource Corporation reported that the Induced Polarization Survey previously announced (April 6, 2021) for the Evelyn Gold Project has been completed. The IP survey consisted of approximately 38-line kilometres ("km") of 3D-IP covering the eastern half of the Evelyn Gold Project. Based on results reported to the Company by survey operator Geofisica TMC, S.A. de C.V. ("TMC"), Colibri has elected to extend the survey to the western boundary of the property. Results include chargeability anomalies spatially associated with the El Sahuaro and Cerro Rojo target areas, a deeper and stronger chargeability anomaly spatially associated with the Main Zone, and a well defined southeast striking and southwest dipping resistivity gradient. The 3D IP survey consisted of 38 line km covering an area of approximately 2.5 sq km. The survey method was offset pole-dipole with receiver dipole spacing of 50 metres ("m"). Current injection points were extended past the ends of receiver lines to yield desired depth of investigation. Two smaller areas within the survey area were also surveyed with 25 m dipole spacing. The survey was completed over the eastern half of the property covering the Cerro Rojo and El Sahuaro target areas and spanning the intervening area which is characterized by a thick accumulation of alluvium. The El Sahuaro target area is located in the northeast part of the Evelyn property and includes a north-northeast mineralized trend occurring over a length of approximately 575 meters. Results of assays from trench samples in the El Sahuaro target area include values of 41.0 g/t Au, 17.35 g/t Au, 11.35 g/t Au and 9.47 g/t Au. The Cerro Rojo target area is characterized by the occurrence of anomalous and higher-grade samples taken over a relatively large area in the southeast quadrant of the property. The Cerro Rojo target area contains the Main Zone which is comprised of a quartz vein up to 1.5 m thick occupying a north-northeast striking and steeply east dipping fault zone. Previous sampling of the Main Zone vein has produced high grade samples including high values of 40.1 g/t Au 43.7 g/t Au. The Main Zone vein is exposed over a strike length of 120m. IP Survey Results: Preliminary results of the IP survey are presented in the 3 maps attached. The map of chargeability at 100 m vertical depth (Figure 1) indicates two broad areas of higher chargeability underlying the northeast and central-east regions of the property. The northeastern chargeability anomaly is coincident with surface sampling defining El Sahuaro target area and the central-east chargeability anomaly is coincident with surface sampling defining the Cerro Rojo target area and, in particular, the highest chargeability response is spatially associated with the Main Zone within the Cerro Rojo target area. The resistivity at 100 m vertical depth (Figure 2) illustrates a sharp north-northwest trending gradient between a more resistive domain to the northeast and a less resistive domain to the southwest. The north-northwest trending resistivity gradient is well defined as well on plans at 200 m and 300 m vertical depths indicating a westerly dip. Within the southwestern domain, a zone of higher resistivity is partially coincident with the highest chargeability and located immediately west of the Main Zone. The chargeability plan at 200 m vertical depth indicates a strong anomaly directly underlying the chargeability high at 100 m vertical depth (Figure 3). One objective of the extended IP survey program is to validate and further evaluate the deeper and stronger IP anomaly detected.