Colibri appoints two, new Directors to Board and issues stock options



    Listed TSX-V: CBI

    VANCOUVER, Nov. 2 /CNW/ - Colibri Resource Corporation has appointed
Roger Doucet and George A. Morine, C.A. to the Board of Directors.
    Roger Doucet, B.Sc. in geology, has been an officer of several public and
private mineral exploration companies including Ancash Mining, Dynacor Mines
Inc., Morrison Minerals Ltd., and Inca Drilling S.A. Peru. From 1975 to 1988,
he worked for Lac Minerals Ltd. during which he discovered the Bousquet 1 gold
mine and was involved with discovery of the Doyon Gold Mine. He was granted
the "Prospector of the Year" Award in 1978 by the Québec Prospectors
Association for the discovery of the Doyon and Bousquet No. 1 deposits in
Abitibi, Quebec. Mr. Doucet was in charge of the reevaluation of the
East-Malartic and Canadian Malartic mines which lead to the discovery of
large, low grade gold zones. Since 2006, Mr. Doucet has been the Exploration
Manager for Agnico-Eagle Mines in Mexico with responsibilities that include
mineral exploration activities at Agnico's sites including Pinos Altos.
    George A. Morine, B.A., C.A., C.P.A., C.A.F.M. is a Chartered Accountant
in Canada and a Certified Public Accountant in the United States. Mr. Morine
graduated from Simon Fraser University in 1977 and received his professional
degrees in 1981 and 1995. He has over twenty years experience in the mining
industry providing audit, tax, consulting and financial advice in Canada, USA,
Australia, Ecuador, Chile, Argentina and Mexico. He was previously a partner
at the international accounting firm of KPMG and is the founding partner of
Morine & Co., Chartered Accountants.
    "We are excited to welcome these two new members to our Board as each
brings a wealth of knowledge to Colibri. Both Roger and George are currently
associated with companies completing exploration work in Mexico, said Lance
Geselbracht, P.E., President and CEO of Colibri. "We believe Roger's
appointment will be immediately beneficial as Colibri pursues exploration work
in Mexico, also."
    Colibri announces that it has granted incentive stock options to certain
officers, directors and consultants of the Company to purchase up to 1,090,000
common shares in the capital stock of the Company pursuant to an approved
share option plan. The options are exercisable at a price of $0.26 per share
on or before October 29, 2012, subject to the approval of the TSX Venture
Exchange.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents herein.

    %SEDAR: 00021936E




For further information:

For further information: Visit our website at
www.colibriresourcecorp.com or call Lance Geselbracht, P.E., at (250)
755-7871


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890