Colossus Minerals Inc.

Colossus Minerals Inc.

October 25, 2013 06:01 ET

Colossus Minerals Announces Board Change

TORONTO, ONTARIO--(Marketwired - Oct. 25, 2013) - Colossus Minerals Inc. (TSX:CSI)(OTCQX:COLUF) (the "Company" or "Colossus") announced today that John S. M. Turner has resigned from the board of directors for personal/family reasons.

Mr. John Frostiak, Chairman of the Board, said, "Mr. Turner has made many valuable contributions during 11 months with Colossus. On behalf of the board and management we'd like to thank John for his contributions. We regret that family circumstances prevent John from continuing in his role as a director of Colossus."

At this time, no replacement candidate has been identified. The seven remaining members of the board, six of whom are non-management and possess a diverse set of skills, remain committed to the Company and its focus on the development of the 75% owned Serra Pelada gold-platinum-palladium Mine in Northern Brazil.

About Colossus:

Colossus is a development-stage mining company focused on bringing its 75% owned Serra Pelada gold-platinum-palladium Mine into production. The Serra Pelada Mine is a joint venture between Colossus and COOMIGASP located in the State of Pará, Brazil. Serra Pelada, located in the mineral prolific Carajas region in the State of Pará, is host to one of the highest grade gold and platinum group metals deposits in the world. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Colossus Minerals Common Shares, warrants and notes trade on the Toronto Stock Exchange (TSX) under the symbols CSI, CSI.WT.A, CSI.WT.B and CSI.NT respectively and in the United States its Common Shares trade on the OTCQX under the symbol COLUF. The Company is headquartered in Toronto, Canada.

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