Colossus Minerals Inc (COLUF)

[vladuski]

June 11, 2008 PR:

Colossus Minerals Inc. announces results from three drill holes, SPD-002, SPD-003 and SPD-004 from the Company’s ongoing program on the Serra Pelada Project, a Colossus-COOMIGASP joint venture.

HIGHLIGHTS

· SPD-002 intersected

46.72 metres @ 24.11g/t gold, 9.04g/t platinum and 11.57g/t palladium
(50.95g/t gold equivalent**) plus
14.65 metres @ 22.51g/t gold, 4.56g/t platinum and 5.01g/t palladium
(35.64g/t gold equivalent**)
· SPD-004 intersected
53.50 metres @ 5.35g/t gold, 2.51g/t platinum and 4.01g/t palladium
(13.20g/t gold equivalent**)
· Both holes exhibit very high grade Au- and PGE-rich subzones
· Drilling to date shows continuity of high grade gold-platinum-palladium mineralisation along 100 metres of strike length and vertical intervals of more than 50 metres in the Central Mineralised Zone up to 260metres southwest of the historic Serra Pelada open pit.

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