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Colossus Minerals Inc. - Corporate Update

August 8, 2008

Colossus Minerals Inc. is pleased to announce the recent appointment of Karen Murray as Corporate Secretary of the Company. Kelly Tang has stepped down from the position to pursue other opportunities.

About Colossus:
Colossus is an exploration and development Company focused on mineral resource properties in Brazil. The Company is currently focusing its efforts on the high grade gold-platinum-palladium Serra Pelada 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 the following link: http://sixtyminutes.ninemsn.com.au/article.aspx?id=299887. In addition, the Company is advancing its Sumidouro property located near Ouro Preto in Minas Gerais State, Brazil and the Natividade Property in the State of Tocantins, Central Brazil.

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

Brisco Capital Partners
Scott Koyich, President
Tel: (403) 262-9888
Email: scott@briscocapital.com


Brisco Capital Partners
Graeme Dick
Tel: (403) 561-8989
Email: graeme@briscocapital.com