Colt Resources Inc.
CNQ : COLT

Colt Resources Inc.

July 06, 2007 16:53 ET

Colt Capital Corp.: Shareholders Annual and Special Meeting Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2007) - Colt Capital Corp. (the "Company") (CNQ:COLT) wishes to report that the Company's Annual and Special General Meeting of its Shareholders was held at the Company's office in Vancouver on Wednesday, June 27, 2007.

At the Meeting, Shareholders approved and adopted Special Resolutions to change the name of the Company to "Colt Resources Inc."; to consolidate the Company's issued and outstanding common shares on a 5 (old) for 1 (new) basis; to adopt new articles for the Company; and to approve the Company's 2007 Stock Option Plan dated June 27, 2007.

All of the Company's directors standing for re-election were elected by the shareholders and Mr. J. Wayne Murton, a new nominee for director, was elected to the Board of Directors for the ensuing year.

The Company intends to effect the name change and consolidation which remains subject to CNQ acceptance, and is coordinating timing of both with the CNQ.

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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