Colossus Provides Update Regarding Environmental License Approval
Toronto, Ontario, March 1, 2010 – Colossus Minerals Inc. (“Colossus” or the "Company”) (TSX:CSI) Colossus today announced that subsequent to the Company's press release issued on February 26, 2010, there have been numerous publications stating that the vote by COEMA (Conselho Estadual de Meio Ambiente) to grant an environmental license for the Company's Serra Pelada project was passed by a margin of 8 to 2. While the Company believes this information to be factual, confirmation will only be validated once an environmental permit is issued. The Company will provide an update as soon as more information is received.
Colossus is a minerals development company focused on the Serra Pelada high-grade gold-platinum-palladium project in Para State of 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: 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