Kolibri Global Energy Inc. (the "Company" or "KGEI") (TSX:KEI, NASDAQ:KGEI) is pleased to announce that the Borrowing Base of its indirect wholly owned subsidiary Kolibri Energy US Inc. was increased from US$65 million to US$75 million on its revolving line of credit ("Credit Facility") which is held by a bank syndicate led by BOK Financial ("BOKF") and includes Arvest Bank ("Arvest"). The current outstanding amount drawn on the Credit Facility is approximately US$44 million.

The other terms of the credit facility remain the same.