Colossus Minerals Drills Long Intervals of Gold-Platinum-Palladium Mineralisation at Serra Pelada

Colossus Minerals Inc. ("Colossus") (TSX:CSI) is pleased to announce that it has intersected further high grade gold-platinum-palladium in drilling of the Central Mineralised Zone of the Serra Pelada Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.

HIGHLIGHTS:

- SPD-010 intersected 87.58 metres @ 6.04 g/t gold, 2.49 g/t platinum and 4.36 g/t palladium including 24.70 metres @ 10.20 g/t gold, 7.15 g/t platinum and 12.99 g/t palladium and 9.20 metres @ 13.97 g/t gold, 2.35 g/t platinum and 3.09 g/t palladium;

     - SPD-011 intersected
       89.55 metres @ 2.48 g/t gold, 0.47 g/t platinum and 0.84 g/t
       palladium
       including several intervals totalling more than 30 metres of +7 g/t
       gold + platinum + palladium;

     - These drill holes, 25 metres to the southwest and northeast of
       previously announced drilling, demonstrate strong lateral and
       vertical continuity the Central Mineralised Zone.