Overview

Colossus Minerals Inc. is an exploration and development company focused on gold and platinum group metals projects in Brazil. Led by a skilled management team, the company is managing and developing the well sought after Serra Pelada project, a Colossus-COOMIGASP joint venture. Since their IPO in February 2008, Colossus has continuously announced spectacular high-grade results from their drilling program at Serra Pelada.

Highlights

• High-Grade Au & PGE Project in Brazil
• Recent expansion of land concession to 874-hectares
• Aggressive Exploration Program for 2010
• Acquired Environmental, Installation & Mining License in 2010
• Recent Drill Results : 70.70 m at 54.59 g/t au, 20.77 g/t pt & 31.30 g/t pd
• Management team with track record of success
• Commenced exploration on newly acquired ground

Chief Properties

Serra Pelada Project

Colossus’ flagship project, Serra Pelada hosts the famed high-grade gold-platinum-palladium deposit. At resource delineation stage, the Project is being advanced towards production by a Colossus-COOMIGASP joint venture.

Serra Pelada is situated in the mineral prolific Carajas region, near the towns of Curionopolis and Parauapebas, Para State, northern Brazil, where access and infrastructure are excellent.

Historically, the “Central Mineralized Zone” (CMZ) at Serra Pelada was mined along 350 metres strike length to depths of about 110 metres. Vale’s drilling confirmed that gold-platinum-palladium mineralization extends under the pit for more than 450 metres strike length to the western boundary of the concession. In these areas, mineralization has been encountered at depths of 150-350 metres and constitutes the prime target, hereby referred to as the CMZ.

A re-assay and full platinum group element (PGE) analysis of Serra Pelada’s historical drill core returned astounding results. High-grade PGE-gold intervals assayed include FD-072: 7.88 metres at 406.4 g/t gold, 98.4 g/t platinum, 115.7 g/t palladium, 2.74 g/t rhodium, 1.52 g/t iridium, 0.1 g/t ruthenium and 0.03 g/t osmium, including 1.87 metres at 1,431 g/t gold, 248 g/t platinum, 321.4 g/t palladium, 6.50 g/t rhodium, 4.21 g/t iridium, 0.39 g/t ruthenium and 0.109 g/t osmium.

The assay results from the Company’s Phase I drilling program which focused on the CMZ, demonstrated strong continuity of high-grade gold and platinum group element mineralization in the Deposit, including SPD-02 intersecting 60.1 metres @ 24.33 g/t gold, 8.15 g/t platinum and 10.22 g/t palladium, SPD-13 23.0 metres @ 20.68 g/t gold, 3,269 g/t platinum and 3,919 g/t palladium, and SPD-18 intersecting 60.5 metres @ 14.37 g/t gold,1.81 g/t platinum and 2.46 g/t palladium.

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The Company’s Phase II 10,000 metre drilling program, was completed in October, 2009.  Results from the program are encouraging, highlighted by drill-hole SPD-034, exhibiting the highest grades of precious metals drilled by Colossus to date, intersected 70.70 metres of 53.59 g/t gold, 20.77 g/t platinum and 31.30 g/t palladium.

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On May 17, 2010, Colossus and COOMIGASP ratified their agreement to jointly (75/25 respectively) acquire a 100% interest of the precious metals rights from a 700 hectare land package (“Area B”) contiguous to the existing 100 hectare Serra Pelada Project (“Area A”) currently being developed by Colossus and COOMIGASP. As well, a similar joint-venture arrangement was reached on a 74 hectare concession (“Area C”).

Management

• Ari Sussman – CEO and Chairman. Over 10 years’ experience in negotiating and operating projects in Latin America, founder and key executive of Titanium Corporation
• Randy Reichert – President and COO.  Over 20 years’ mining experience. Previously the COO of Orsu Metals & Oriel where he managed and supervised the companies’ producing and operating assets. He held senior level positions at Bema Gold, now Kinross Gold Corp., and Cominco Ltd., now TeckCominco
• Vic Wall, PhD – VP, Exploration. Over 35 years’ experience in mining and research, co-winner of the Goldcorp Challenge in 2001
• Augusto Kishida, PhD – VP, Business Development. Over 35 years’ experience in mining in Brazil, majority of career spent in various positions at Vale, discoveries his credit include Fazenda Brasileiro gold deposit (Yamana) and the Catalao phosphate deposit (Anglo American)
• Steve Poad – CFO. Over 25 years’ experience in the mining industry, most recently, the CFO of High River Gold. Steve help senior positions at several exploration and producing companies

Board of Directors

• Ari Sussman –Chairman
• Vic Wall, PhD – Qualified Person
• John Frostiak, P.Eng – Qualified Person. Over 35 years experience of mining experience, current Manager, Metallury and Process Development for Barrick Gold Corp, lead developer of both Pierina Mine and Bulyanhulu Mine for Barrick
• Patrick F.N. Anderson – Over 14 years of international experience, former President and CEO of Aurelian Resources, co-credited with discovery of FDN Deposit in Ecuador. The Northern Miner’s Mining Man of the Year (2009) and Thayer Lindsley Award for International Discovery (PDAC 2008)
• Greg Hall – Qualified Person. Over 35 years experience in the mining industry, chief geologist –world wide of Placer Dome until the Barrick takeover, credited discoveries include Granny Smith Mine (Barrick), Yandi Mine (Rio Tinto)
• Douglas Reeson, MBA – Current CEO of Gossan Resources and a director of Mega Uranium Ltd