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Management Appointments

February 27, 2008

Management Appointments

Colossus Minerals Inc. is pleased to announce the strengthening of its Brazilian management team through the appointment of Christian Grainger, Ph.D. as its Principal Geologist and Heleno Costa as Vice President of Operations for Serra Pelada, Colossus’ flagship property.

Christian Grainger is a bilingual geologist with over 10 years experience in mineral exploration and development in Brazil. Mr. Grainger attended the University of Western Australia earning both his Bachelor of Science and Doctorate degrees, the latter of which was the subject of a thesis on the genesis of Colossus’ Serra Pelada Deposit. Most recently, Mr. Grainger was a Senior Exploration Geologist with Troy Resources where he oversaw an exploration team of 30 people and was instrumental in the delineation of new resources and the evaluation of new acquisitions.

Heleno Costa graduated as a geologist from the University of Brasília in 1976 has over 30 years experience in gold, base-metal and scheelite exploration, project management, the negotiation of mineral opportunities within Brazil and environmental management for a number of mining and exploration companies, including INCO, where he served for a period of 11 years in various project and management roles. Since 1992 has been involved in the management of an environmental consultancy business, of which he was the founding director, which has been involved with various mining and exploration companies throughout Brazil. Additionally, has served as the president of APROMIN, the association of mining professionals within Brazil during the period 1988-1990.

“With the recent completion of our Initial Public Offering, Colossus is embarking upon an aggressive development schedule with our partner COOMIGASP of the high grade gold, platinum and palladium Serra Pelada Deposit,” commented Ari Sussman, CEO. “The addition of Chris and Heleno are key components for us in terms of both project development and community relations.”

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.

For further information, please contact:
Ari Sussman
Colossus Minerals Inc.
Tel: (416) 643-7655
Web site: www.colossusminerals.com
Email: info@colossusminerals.com