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Colossus Minerals Inc. Appoints Steven Poad as Chief Financial Officer

Toronto, Canada – September 14, 2009 -- Colossus Minerals Inc. (TSX: CSI) (the “Company”) today announced the appointment of Steven Poad as Chief Financial Officer of the Company, effective immediately.  John Ross, the current Chief Financial Officer will be leaving the Company effective September 14, 2009 to pursue other opportunities.

Mr. Poad has over 25 years experience in the mining industry. Most recently, he was the CFO for High River Gold, where he managed all financial activities for an operation that is expected to produce about 300,000 ounces of gold this year. Prior to joining High River Gold, Mr. Poad held senior roles at several exploration companies and senior producers.

Ari Sussman, CEO and Chairman of Colossus Minerals Inc. commented, “We are pleased to have Steve join the Colossus team. His extensive knowledge of our industry will be a tremendous asset as we bring Colossus’ Serra Pelada project towards production.  We would also like to thank John Ross for his years of service to the Company and wish him well in his future endeavours.”

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.  

For further information, please contact:

Elina Chow
Public Relations Manager
Colossus Minerals Inc.
Tel: (416) 643-7655
Web site: www.colossusminerals.com
Email: info@colossusminerals.com