Colossus Minerals Appoints Ann Wilkinson as Vice-President, Investor Relations

TORONTO, Oct. 25, 2011 - Colossus Minerals Inc. (the 'Company' or 'Colossus') today announced that effective November 1, 2011, Ann Wilkinson has been appointed to serve as the Company's Vice-President, Investor Relations.

Ms. Wilkinson has over 20 years experience in the mining industry in both investor relations and other management roles. Prior to joining Colossus, she served as Vice President, Investor Relations of Breakwater Resources Ltd., a position she held from October 2005.

Claudio Mancuso, Colossus Minerals' President and CEO commented, 'Ms. Wilkinson is one of the most highly regarded investor relations professionals in our industry. Ms. Wilkinson's appointment continues our evolution and strengthens our senior management team as we continue to advance the Company's strategy of bringing Serra Pelada into production. Her significant mining and investor relations experience will undoubtedly make significant positive contributions to the execution of our corporate strategy.'

Ann Candelario, who joined Colossus in September 2010, has resigned her position as Vice-President, Investor Relations of the Company, effective immediately, to pursue other opportunities.

Mr. Mancuso continued, 'On behalf of the entire Board and senior management team, I want to thank Ms. Candelario for her service and significant contributions to the Company. We sincerely wish her every future success.'


About Colossus:

Colossus is a Canadian-based exploration and development company focused in the mineral prolific Carajas region of Para State, Brazil. Our primary focus is to advance the Serra Pelada project into production. Serra Pelada is host to one of the highest grade gold and platinum group metals deposits in the world. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Colossus Minerals shares trade on the Toronto Stock Exchange (TSX) under the symbol CSI. The Company is headquartered in Toronto, Canada.


CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION

Except for statements of historical fact relating to Colossus, certain statements in this press release relating but not limited to the Company's exploration and development plans, activities and intentions, constitute 'forward‐looking information' within the meaning of the Securities Act (Ontario) or 'forward‐looking statements' within the meaning of the United States Private Litigation Reform Act of 1995. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. Forward‐looking statements are frequently characterized by words such as 'target', 'plan', 'expect', 'project', 'intend', believe', 'anticipate' and other similar words, or statements that certain events or conditions 'appear to', 'may' or 'will' occur. Forward‐looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward‐looking statements. The factors include but are not limited to risks related to the joint venture operation, actual results of exploration activities, the inherent risks involved in the exploration and development of mineral properties, changes in project parameters as plans continue to be refined, delays in obtaining government approvals, the uncertainties of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the uncertainties inherent to conducting business in Brazil and the rest of Latin America, the availability of equipment and supplies, unexpected adverse climate conditions, the reliance on only a few key members of management, as well as those factors discussed in the section entitled 'Risk Factors' in the Company's most recent Annual Information Form filed with Canadian provincial securities regulatory authorities and other regulatory filings which are posted on SEDAR at www.sedar.com. Unless required by law, Colossus undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward‐looking statements.



CONTACT:

Claudio Mancuso, President & CEO
Colossus Minerals Inc.
Tel: (416) 643-7655
Web site: www.colossusminerals.com
Email: cmancuso@colossusminerals.com