Colt Resources Inc. announced that Mr. Jean Depatie has joined its Board of Directors. 

In addition to being a member of Colt’s Advisory Board for the past 3 years, Mr. Depatie has over 35 years of national and international experience in economic geology. He has worked in over 15 countries and acted as a consultant for organizations such as the United Nations, the World Bank, the Commonwealth Secretariat, the Asian Development Bank, Banco Interamericano, the Canadian International Development Agency and Quebec's Ministry of Natural Resources. Since 1981, he has been working as president or vice president or director of several mining companies including Cambiex, Novicourt, Noranda Group, Glamis Gold, Richmont Mines, Alexis Minerals, Louvem Mines and Sulliden Explorations. Mr. Depatie sits on the board of directors of several mining companies including Consolidated Thompson Iron Mines Inc. and Trinity Mining A.G. of Switzerland. He is currently president of Decamines Inc. of Montreal.

Vice President, Operations (Portugal) - João Carlos Gaspar de Sousa

Colt is also pleased to announce that Mr. João Carlos Gaspar de Sousa has joined the Company as its Vice President of Operations, Portugal. He comes to Colt from having worked as the senior project geologist of Genius Mineira, Lda., an Angolan company. He is a Senior Exploration Geologist with 28 years of experience including 5 years as the Country Manager for Iberian Resources Portugal (the former owner of Colt’s Montemor project), more than 2 years with Empresa de Desenvolvimento Mineiro, S.A. and its subsidiary, 13 years with Rio Tinto and 5 years with Lundin Mining Corporation (EuroZinc Mining Corp.) which owns the “Neves-Corvo” copper mine in Portugal. Mr. Gaspar de Sousa has a Geological degree from Faculdade de Ciências de Lisboa.

Retail Investor Relations Program

Colt is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle its retail investor relations activities.

“We are pleased to announce that we have selected Renmark to reinforce Colt Resources profile in the financial community and enhance the visibility of our project portfolio. We chose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public,” noted Nikolas Perrault, President and CEO of Colt Resources Inc.

In consideration of the services to be provided, the Company has an agreement commencing in February 2011 to pay a monthly retainer of $7,000 to Renmark Financial Communications Inc.

Renmark Financial Communications does not have any interest, directly or indirectly, in Colt Resources Inc. or its securities, or any right or intent to acquire such an interest.

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