Colibri Reports 223 Grams of Silver per Tonne, 3.2% Lead, and 8.6% Zinc over Four Metres in Diamond Drilling at the Ramard Property

VANCOUVER, June 18, 2012 /CNW/ - Colibri Resource Corporation ("Colibri" or the "Company") (TSX.V-CBI) is pleased to report results from the 2012 diamond drilling program at the Ramard Project near the town of Carbo in Sonora, Mexico. Drilling began at Ramard in the La Bronca Zone on March 6th and was completed on May 5th, 2012. A total of 2,291.8 metres were drilled in 13 holes by contractor Major Drilling de Mexico S.A. de C.V. Targets were tested over a 500 metre strike length in the La Bronca Zone. A drill hole location map and additional information about the Ramard project can be found at http://www.colibriresource.com/projects/ramard/.

The 2012 diamond drilling program at La Bronca was designed to test several different targets. Six of the 2011 percussion drill holes were twinned in order to confirm sample results and mineralization controls. Other holes were designed to test structural controls on silver-lead-zinc mineralization and geophysical targets as defined by the 2011 I.P. survey.

The 2012 drilling indicates that there are several styles of silver-lead-zinc mineralization at La Bronca. Significant mineralization was controlled by steep northeast-dipping structures, disseminated parallel to sedimentary bedding, or disseminated near sediment-intrusive contacts. The structurally-controlled zones typically carry higher grade silver and base metal values over narrower intersections while the disseminated mineralization is of lower grade over larger intervals. Significant results are summarized in the table at the end of this news release. Please note that the sample intervals are core widths and do not represent true widths.

The highest silver values appeared where drill holes intersected strongly oxidized structures. The best intercepts of this type were:

Drillhole   From (m)   To (m)   Length (m)  Ag (g/t)   Pb (%)   Zn (%)
12RAM012      6.0      10.0       4.0        223.5      3.2      8.6
12RAM007      2.0       5.0       3.0        222.4      2.4     11.8
12RAM007    30.65      31.6      0.95        321.9      5.1      3.4
12RAM004    139.0     141.2       2.2        195.2      1.3      1.8
12RAM008     17.0      20.6       3.6        115.1     13.5      3.3
12RAM008     68.5      69.3       0.8        159.7      1.3      4.5
12RAM013      5.0       8.0       3.0        150.0      0.6      0.1
12RAM001     28.3      31.1       2.8         94.1      1.1      0.7

Examples of disseminated mineralization include:

Drillhole   From (m)   To (m)  Length (m)  Ag (g/t)   Pb (%)   Zn (%)
12RAM004    128.4      141.9     13.8        37.6       --       0.5
12RAM001     15.0       31.1     16.1        18.2      0.27     0.26
12RAM006     82.0      119.0     37.0        12.3       --      0.20

Gold and copper values were present in the drillholes, but were sporadic. In hole 12RAM003, a 0.85 metre intersection at 5.85 to 6.7 metres depth averaged 0.89 g Au/T, 80 g Ag/T, 9.0% Zn, and 5.7% Cu.

This drill program shows that significant zones of sediment-hosted silver-lead-zinc mineralization are distributed over a minimum 500-metre strike length. Multiple geochemical, geological, and geophysical targets remain to be tested in the roughly 4,000 hectare Ramard Property. The Company plans to continue fieldwork to advance several of these target areas for drill testing.


Sample Protocol

The company has a QA/QC protocol in place which includes the use of certified standards, blanks, and duplicate samples, and secure care and custody of samples.

Diamond drill core was logged, photographed, and then cut in half with a diamond saw under supervision of Company geologists. The Company maintained a secure chain of custody while transporting half-core samples to Inspectorate de Mexico S.A. de C.V.'s preparation facility in Hermosillo, Mexico. Inspectorate sent prepared sample pulps to the lab's analytical facility in Vancouver, British Columbia.

Samples were analyzed using Inspectorate's GEN-X 30 package, which includes gold analysis by fire assay and an atomic absorption finish, a package of 30 elements by aqua regia digestion and ICP-AES (induced coupling plasma - atomic emission spectroscopy), and mercury by cold vapour and an atomic absorption finish. Overlimit analyses for silver, copper, lead, and zinc are done using an aqua regia digestion and an atomic absorption finish. Inspectorate's quality control system complies with International Standards ISO 9001:2008 and meets all established criteria as related to reporting requirements for mining and exploration companies under National Instrument, NI-43-101.


Company Information

Colibri Resource is a Canadian exploration company focused on the exploration and development of base and precious metal projects in Mexico. Cary Pothorin, P.Geo., a qualified person as defined in National Policy 43-101, is responsible for all technical information contained in this news release.


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

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are disclosed in the Corporation's documents filed from time to time with the TSX Venture Exchange and, among others, the British Columbia Securities Commission as well as under the heading "Risk Factors" in the Company's annual and interim Management Discussion and Analysis.


TABLE OF SIGNIFICANT RAMARD 2012 DIAMOND DRILL INTERCEPTS

HOLE NUMBER  FROM (m)  TO (m)  WIDTH (m)  Au (g/T)  Ag (g/T)  Pb (%)  Zn (%)  Cu (%)
12RAM001 	15.00 	31.10 	16.10 	- 	18.21 	0.27 	0.26 	-
   including 	28.30 	31.10 	2.80 	- 	94.12 	1.13 	0.66 	-
  	99.27 	100.22 	0.95 	- 	75.00 	1.76 	4.21 	-
12RAM002 	18.00 	24.00 	6.00 	- 	5.58 	0.02 	0.22 	-
12RAM003 	5.85 	6.70 	0.85 	0.897 	80.00 	0.20 	9.00 	5.70
  	83.80 	97.60 	13.80 	- 	6.14 	0.02 	0.16 	-
  	104.15 	110.00 	5.85 	- 	1.17 	- 	0.02 	-
12RAM004 	128.10 	141.90 	13.80 	- 	37.65 	0.23 	0.50 	0.05
   including 	139.00 	141.20 	2.20 	0.130 	195.20 	1.26 	1.76 	0.08
12RAM005 	51.85 	60.00 	8.15 	- 	19.98 	0.08 	1.27 	0.06
   including 	51.85 	54.10 	2.25 	- 	56.89 	0.22 	1.43 	-
  	115.20 	118.95 	3.75 	- 	30.77 	1.29 	1.52 	-
12RAM006 	82.00 	119.00 	37.00 	- 	12.34 	0.03 	0.20 	-
   including 	92.25 	92.70 	0.45 	0.547 	132.40 	1.14 	3.15 	0.43
            and 	117.00 	118.00 	1.00 	- 	116.90 	0.26 	0.23 	-
  	159.85 	216.55 	56.70 	- 	2.14 	0.01 	0.64 	-
12RAM007 	0.00 	8.95 	8.95 	0.080 	120.06 	1.15 	6.16 	0.04
   including 	2.00 	5.00 	3.00 	0.230 	222.41 	2.45 	11.89 	0.10
  	30.65 	91.00 	60.35 	- 	6.27 	0.09 	0.16 	-
   including 	30.65 	31.60 	0.95 	0.140 	321.90 	5.10 	3.49 	-
12RAM008 	0.00 	30.50 	30.50 	- 	25.09 	2.05 	1.48 	0.19
   including 	17.00 	20.60 	3.60 	- 	115.17 	13.58 	3.36 	1.02
  	36.90 	47.10 	10.20 	- 	4.56 	0.26 	0.37 	0.01
  	68.50 	69.30 	0.80 	0.060 	159.70 	1.27 	4.49 	-
12RAM009 	0.00 	54.90 	54.90 	- 	10.76 	0.13 	0.31 	-
   including 	15.25 	21.95 	6.70 	- 	85.66 	0.95 	0.22 	0.01
12RAM010 	175.00 	177.45 	2.45 	- 	21.79 	0.04 	0.19 	-
12RAM011 	18.80 	24.00 	5.20 	- 	20.91 	0.27 	0.29 	-
  	114.80 	128.00 	13.20 	- 	9.75 	0.05 	0.61 	-
   including 	121.00 	122.00 	1.00 	  	58.90 	0.30 	0.12 	 
12RAM012 	6.00 	10.00 	4.00 	0.020 	223.55 	3.28 	8.69 	-
  	24.00 	32.00 	8.00 	0.040 	4.16 	0.01 	0.66 	0.16
   including 	28.00 	29.00 	1.00 	0.282 	14.80 	- 	2.10 	0.68
12RAM013 	0.00 	103.70 	103.70 	- 	8.20 	0.01 	0.52 	0.07
  	0.00 	18.30 	18.30 	- 	39.36 	0.02 	2.15 	0.27
   including 	4.00 	11.00 	7.00 	  	83.41 	0.02 	0.82 	0.35
   including 	5.00 	8.00 	3.00 	- 	149.96 	0.01 	0.61 	0.07

NOTE - Sample intervals are core widths and do not represent true widths.

RAMARD DIAMOND DRILL HOLE LOCATIONS

HOLE 	UTM N 	UTM E 	EL m 	AZ 	INCL 	TOTAL
  	NAD 27 MEX DATUM 	  	  	  	DEPTH
12RAM001 	3285435.823 	518569.796 	597.655 	235.00 	-50.00 	302.15
12RAM002 	3285399.638 	518798.905 	587.998 	225.00 	-50.00 	311.05
12RAM003 	3285306.857 	518726.895 	606.534 	50.00 	-70.00 	199.05
12RAM004 	3285700.474 	518500.793 	584.368 	315.00 	-50.00 	152.50
12RAM005 	3285679.061 	518383.468 	592.608 	225.00 	-50.00 	152.50
12RAM006 	3285639.866 	518489.248 	578.115 	225.00 	-50.00 	305.00
12RAM007 	3285412.105 	518537.884 	601.810 	0.00 	-90.00 	125.00
12RAM008 	3285381.528 	518472.538 	594.944 	0.00 	-90.00 	111.65
12RAM009 	3285475.399 	518445.299 	592.370 	0.00 	-90.00 	54.90
12RAM0010 	3285530.379 	518521.680 	580.474 	225.00 	-50.00 	198.25
12RAM0011 	3285404.839 	518685.823 	599.905 	225.00 	-50.00 	191.10
12RAM0012 	3285766.100 	518450.604 	595.267 	0.00 	-90.00 	85.00
12RAM0013 	3285801.564 	518586.091 	583.316 	230.00 	-60.00 	103.70

For further information:

Colibri Resource Corporation
Lance Geselbracht, P.E., President and Chief Executive Officer
Tel: (250) 755-7871

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