Colossus Minerals Inc.

Colossus Minerals Inc.

March 12, 2008 16:36 ET

Colossus Minerals Inc. Appoints Greg Hall as a Director

TORONTO, ONTARIO--(Marketwire - March 12, 2008) - Colossus Minerals Inc. (TSX:CSI) is pleased to announce that appointment of Mr. Greg Hall, former Chief Geologist of the Placer Dome Group, to its' board of directors effective immediately.

Mr. Hall is a seasoned geologist with over 35 years of international experience. From 1988-2005, he was employed by the Placer Dome group of companies, of which the last five years he served as Chief Geologist - World Wide. Placer Dome was acquired by Barrick Gold Corporation in early 2006.

Over the course of his illustrious career, Mr. Hall was directly involved in a senior capacity in the discoveries of both Barrick Gold's Granny Smith mine and Rio Tinto's Yandi iron ore mine. In addition, he took part in the discoveries of Keringal and Wallaby in Australia's Eastern Goldfields, as well as the definition of AngloGold Ashanti's Sunrise gold mine. Mr. Hall holds a Bachelor of Applied Science from the University of New South Wales, Australia.

"We are honoured that Greg has agreed to join our team," commented Ari Sussman, Chief Executive Officer. "His creativity and global reach will generate positive results in the development of the high-grade gold, platinum and palladium Serra Pelada deposit by Colossus and our partner COOMIGASP."

About Colossus:

Colossus is exploration and development focused on mineral resource properties in Brazil. The Company's exploration activities are currently focused on the Serra Pelada property, consisting of one exploration license covering 100 hectares in Para State, Brazil. In addition, the Company has dedicated certain resources to its Sumidouro property located near Ouro Preto in Minas Gerais State, Brazil and the Natividade Property in the State of Tocantins, Central Brazil.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to an exemption therefrom. Accordingly, this news release does not constitute an offer for sale of securities in the United States.

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