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Colossus Minerals Announces Resignation of Director and TSX Delisting

January 21, 2014

TORONTO, ONTARIO--(Marketwired - Jan. 21, 2014) - Colossus Minerals Inc.(TSX:CSI)(OTCQX:COLUF) (the "Company") announces that Mr. J. Alberto Ariasresigned from the board of directors. At this time Mr. John Frostiak remains the sole director of the Company.

Additionally, today, the TSX has notified the Company that the TSX has decided to delist the common shares (Symbol:CSI), unsecured gold-linked notes (Symbol: CSI.NT) and common share purchase warrants of the Company (Symbols: CSI.WT.A and CSI.WT.B) (collectively, the "Securities"), as at the close of business on February 21, 2014 as Colossus does not meet the requirements for continued listing. The Securities were suspended from trading January 14, 2014 and will remain suspended.

Contact Information:
Colossus Minerals Inc.
Ann Wilkinson
VP Investor Relations
(416) 643-7655
awilkinson@colossusminerals.com