Colt Resources Inc.

Colt Resources Inc.

July 17, 2007 09:00 ET

Colt Capital Corp.: Name Change and Consolidation Effective as of July 18, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - COLT CAPITAL CORP. (the "Company") (CNQ:COLT). Further to the Company's news release dated July 13, 2007 and the CNQ Bulletin issued on July 16, 2007, the Company would like to remind the public that on July 18, 2007, the Company's name will be changed from Colt Capital Corp. to COLT RESOURCES INC., and its common shares will be consolidated on the basis of five (5) old common shares for one (1) new common share.

Effective July 18, 2007, the CNQ Record date, the shares of Colt Resources Inc. will commence trading, on a consolidated basis, under the trading symbol "COLT". The cusip number for Colt Resources Inc. is 196874101.

The CNQ issued its bulletin in respect to this matter on July 16, 2007.

For more information on the Company, please contact us at (604) 681-1519 ext 6106, or visit our Website at

Colt Capital Corp.

Bedo H. Kalpakian, Chairman and CFO

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in those forward-looking statements.

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