Colossus Minerals Drills 109.89 g/t Gold, 0.75 g/t Platinum and 15.51 g/t Palladium in the GT Zone and Continues to Expand Upper Limb Mineralization

TORONTO, ONTARIO--(Marketwire - April 25, 2012) - Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI)(OTCQX:COLUF) is pleased to announce assay results from the 15,000 metre surface drilling program at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP joint venture located in the State of Para, Brazil.

HIGHLIGHTS

GT ZONE



--  SPD-142 intersected 9.8 metres at 109.89 g/t gold, 0.75 g/t platinum and
    15.51 g/t palladium including 0.80 metres at 1,336.13 g/t gold, 8.46 g/t
    platinum and 188.14 g/t palladium. The hole was an up-plunge step out
    and is located only 120 metres west from the historic Serra Pelada pit
    indicating the potential for additional high-grade mineralization along
    the GT Zone parallel to the pit.
--  SPD-149 intersected 11.54g/t Au, 2.04 g/t Pt and 2.61 g/t Pd over 3.8
    metres. This hole filled an 80 metre gap in the GT Zone.
--  SPD-150 intersected the GT Zone and returned 14.46g/t Au, 1.48 g/t Pt
    and 2.03 g/t Pd over 3.3 metres confirming the high-grade nature of this
    part of the zone.
--  The new intersections in the GT Zone increase the overall width of the
    zone by 10-35 metres down dip towards the lower limb portion of the
    Central Mineralized Zone ("CMZ"). The GT Zone now extends for 550 metres
    of strike length and remains open up-plunge to the northeast and down-
    plunge to the southwest. Step-out diamond drilling will continue for the
    balance of the 2012 drill program in order to delineate the full extent
    of this important zone.