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Colossus Minerals Inc. Appoints Ann Candelario as Vice President, Investor Relations

Toronto, Canada – September 13, 2010 -- Colossus Minerals Inc. (TSX: CSI) (the “Company”) announces the appointment of Ann Candelario as Vice President, Investor Relations of the Company, effective immediately.

Ann Candelario brings over 20 years of experience in the investor relations field to the Colossus team.  Most recently, she was the Director, Investor Relations and Corporate Communications at Ivernia Inc. of Toronto, a base metals mining, exploration and development company.  Prior to Ivernia, Ann was Director, Investor Relations at Intrepid Mines Limited of Toronto, and held senior investor relations positions in several technology and network communications companies based in Silicon Valley, California.

Ari Sussman, CEO and Chairman of Colossus Minerals Inc. commented, “We are very pleased to have Ann join the Colossus team.  Her knowledge of the mining industry and extensive investor relations experience will be a tremendous asset to enhance communications with the investment community as we move the Serra Pelada project towards production.”

About Colossus:

Colossus is a minerals development Company focused on the Serra Pelada high grade gold-platinum-palladium project in Para State, Brazil.  Between 1980 and 1986, Serra Pelada was host to the largest precious metals rush in Latin American history.  Coverage by 60 Minutes of this famous mining rush can be viewed at: http://sixtyminutes.ninemsn.com.au/article.aspx?id=299887.

For further information, please contact:

Ann Candelario
Vice President, Investor Relations
Colossus Minerals Inc.
Tel: (416) 643-7655
Web site: www.colossusminerals.com
Email: info@colossusminerals.com