Gold Mining News - Colt Resources Inc. Re-appoints Board of Directors at AGM

Colt Resources Inc. Re-appoints Board of Directors at AGM

    Trading Symbols: GTP - (CNSX)
                     P01 - (FRANKFURT)
                     COLTF.PK - (OTCQX  International)

MONTREAL, Sept. 9 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to announce the completion of its 2010 Annual General and Special Meeting ("AGM"). Shareholders unanimously re-appointed Messrs. Nikolas Perrault, David A. Johnson, James Ladner, J. Wayne Murton, Aurelio Useche, and Donald J.P. Ziraldo to the Board of Directors. Shareholders approved the Company's stock option plan and the continuance of the Company from a provincial corporation to a federal corporation.

The Company is also please to announce the re-appointment of Mr. Nikolas Perrault as President and CEO, Mr. Aurelio Useche as CFO and Mr. David A. Johnson as Corporate Secretary of the Company.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian based junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on tungsten and gold. It is currently focused on advanced stage exploration projects in Portugal, where it is the second largest lease holder of mineral concessions.

Colt's most advanced projects include the Tabuaço tungsten project and the Penedono gold project, located on the company's Armamar-Meda and Penedono concessions, respectively. Both projects have seen recent drill programs with very encouraging high grade tungsten and gold grades, respectively (see press releases: http://www.coltresources.com/en/press_releases).

Portugal is a mining-friendly country of the European Union (EU) with easy access, excellent infrastructure and a hard-working available labour force. Colt maintains excellent government relationships at both state and municipal levels. The company is currently reviewing potential EU financial incentive programs.

The Company's shares trade on the Canadian National Stock Exchange (CNSX), symbol: GTP; the USA OTC Pink Sheets under the symbol: COLTF.PK; and on the Frankfurt Stock Exchange, symbol: P01.

The technical portions of this news release have been prepared and approved by Mario Justino, P.Geo., Vice President Exploration for Colt, a Qualified Person as defined by National Instrument 43-101.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in those forward-looking statements. The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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