Colt Resources Inc.

Colt Resources Inc.

March 20, 2008 17:42 ET

Colt Grants Incentive Stock Options

RICHMOND, BRITISH COLUMBIA--(Marketwire - March 20, 2008) - Colt Resources Inc. ("Colt" or the "Company") (CNQ:COLT) wishes to announce that it has granted today an aggregate of 1,572,451 Incentive Stock Options to Directors, Officers and Consultants of the Company which have a term of 5 years and are exercisable at CDN$0.25 per common share. These Options have been reserved for issuance pursuant to the Company's 2007 Stock Option Plan.

On Behalf of the Board of Colt Resources Inc.

Bedo H. Kalpakian, President and CEO

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