Colibri Resource Corporation closes brokered, private placement

    Listed TSX-V: CBI

    VANCOUVER, April 23 /CNW/ - Colibri Resource Corporation announces that
it has closed a brokered, private placement of 7,013,000 Units at a price of
$0.40 per Unit for gross proceeds of $2,805,200. Each Unit will consist of one
common share and one full, non-transferable share purchase warrant. Each
warrant will entitle the holder to purchase an additional common share of the
Company at a price of $0.70 per share for a period of one year. The Units are
subject to a hold period that expires August 20, 2007.
    Bolder Investment Partners, Ltd. acted as agent in respect of the
placement. Bolder was paid a cash commission of $162,933 and 118,643 Units or
7.5 % of the total gross proceeds and was issued broker's warrants authorizing
the purchase of up to 701,300 common shares at $0.70 per share for one year
from the date of closing on the same terms as the warrants issued as part of
the Units under the private placement.
    This placement is subject to the approval of the TSX Venture Exchange
Inc. The proceeds of the private placement will be used primarily for
exploration and drilling on the Company's Sonora, Mexico claim properties, as
well as for general working capital.
    Colibri also announces it has relocated its corporate offices to
Vancouver Island. The new address for the company is 51A Commercial Street,
P.O.Box 714, Nanaimo, British Columbia V9R 5M2. The new phones numbers are
(250) 755-7871 and fax (250) 755-7876 and will be operational on Monday
April 30th. The current phone number can be used in the interim.

    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 or call Lance Geselbracht, P.E., and (604)

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