Colossus Minerals: Press Releases

Colossus Minerals Announces Initial Semi-Annual
Note Interest Payment

Toronto, Ontario, December 16, 2011 – Colossus Minerals Inc. (TSX: CSI)(CUSIP: 91681L109) announces that it will be paying the initial semi-annual interest payment of $13.068 per $1,000 Note.  The payment will be made to noteholders of record at the close of business on December 30, 2011 and will be payable on January 3, 2012.

For further information, please contact:

Ann Wilkinson, VP, Investor Relations Colossus Minerals Inc.
Tel: (416) 643-7655
Web site: www.colossusminerals.com
Email: awilkinson@colossusminerals.com

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