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Colossus Minerals Inc. Appoints Patrick F.N. Anderson to the Board of Directors


September 8, 2008

Toronto, Ontario – Colossus Minerals Inc. ("Colossus") (TSX:CSI) is pleased to welcome Mr. Patrick F.N. Anderson to its Board of Directors replacing David D'Onofrio, who has stepped down to pursue other interests.

Mr. Anderson co-founded Aurelian Resources Inc. and was one of the discoverers of the Condor Project, which hosts the FDN epithermal gold-silver deposit. FDN has a 43-101 compliant inferred resource of 58.9 million tonnes grading 7.23 grams per tonne gold (Au) and 11.8 g/t silver (Ag) for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver at a cut-off grade of 2.3 g/t gold equivalent. Kinross Gold Corporation owns approximately 74.8% of Aurelian's issued and outstanding Common shares and is currently in the process of acquiring the remainder of the shares. Additionally, Mr. Anderson is also a founder and director of U308 Corp.

"Patrick's wealth of experience in the mining industry will add tremendous value to our Company from both business and geological perspective and we look forward to utilizing his abilities in developing of our flagship Serra Pelada project," said Ari Sussman, Chairman and CEO of Colossus. "I would also like to thank David D'Onofrio for his dedication and efforts as a founding director of the Company and wish him well in his future endeavors."

Mr. Anderson has over 14 years experience working in all aspects of the exploration business. After graduating from the University of Toronto geology program he moved to the jungles of southern Venezuela and worked as the resident project geologist on a successful kimberlite exploration program. Since then he has been a consulting geologist on gold, base metals and diamond projects in South America, North America and Europe for junior explorers, major producers and consulting firms to the mineral industry.

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
Web site: www.colossusminerals.com
Email: info@colossusminerals.com

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

or

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