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Colossus Minerals Inc. Appoints Randy Reichert as President & COO


September 28, 2009

Toronto, Canada  -- Colossus Minerals Inc. (TSX: CSI) (the “Company”) announces the appointment of Randy Reichert as President and Chief Operating Officer of the Company, effective September 24, 2009.  Additionally, Vic Wall has become the Vice President of Exploration and Augusto Kishida Vice President of Business Development.

Randy Reichert brings over 20 years of experience in mine operations to the Colossus team.  Prior to joining Colossus, Randy spent two years based in London as Chief Operating Officer with Orsu Metals Corp. and Oriel Resources plc.  With Orsu Metals, Randy was responsible for the Varvarinskoye gold-copper mine in Kazakhstan , and played a significant role guiding the operation through the ramp-up period, substantially improving mine productivity and cost management.  Randy held the same position with Oriel Resources where he was responsible for its operations.  Oriel Resources was acquired by Mechel for US$1.5 billion cash in 2008.

Prior to Oriel Resources, Randy worked for Bema Gold Corporation and Kinross Gold Corporation in Russia as General Manager for the Julietta Mine in Magadan before assuming an integral role as General Manager in the development of the Kupol Mine, a world-class high-grade and underground gold mine in Chukotka.   

Randy began his career with Cominco Ltd. working at the Polaris, Snip, and Sullivan mines in Canada .

Randy holds a BA.Sc (Mining and Mineral Processing) from University of British Colombia, an M.Sc (Engineering-Rock Mechanics) from Queen’s University, and a GDBA from Simon Fraser University.  

 “The addition of Randy to our team is part of the natural evolution of a mining company. His extensive experience in both the construction and operation of underground mining operations will bring the necessary leadership in moving Serra Pelada towards production,” said Ari Sussman, CEO and Chairman of Colossus Minerals Inc. “Additionally, I would like to thank Vic Wall and Augusto Kishida for realigning their roles within the Company to help fulfill Colossus’ aim of becoming a gold and platinum group metal producer.”

Randy Reichert , President and COO of Colossus Minerals Inc comments, “It is a pleasure joining a great team and exciting project with the challenge to bring a world-renowned project from exploration into development and production”.

About Colossus:

Colossus is a minerals development Company focused on gold and platinum group metals 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