TSXgroup

February 11, 2008

Colossus Minerals Inc. (the “Company”) - An application has been granted for the original listing in the Mining category of 66,354,795 common shares and 10,483,400 common share purchase warrants (the “Warrants”) of the Company, of which 39,674,388 common shares and 8,600,000 Warrants will be issued and outstanding, and 26,680,407 common shares and 1,883,400 Warrants will be reserved for issuance upon completion of a public offering (the “Offering”).

Listing of the common shares and Warrants will become effective at 5:01 p.m. on Tuesday, February 12, 2008 in anticipation of the closing of the Offering on Wednesday, February 13, 2008. The common shares and the Warrants, other than those which have not been distributed to the public, will be posted for trading at the opening on Wednesday, February 13, 2008.

The Company is subject to the reporting requirements of Section 501 of the TSX Company Manual.

Additional information on the common shares and Warrants may be found in the Company’s prospectus dated February 6, 2008 (the “Prospectus”) which is available at: www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the final Prospectus.

Common Shares:
Stock Symbol: “CSI”
CUSIP: 19681L 10 9
Trading Currency: CDN

Warrants:
Stock Symbol: “CSI.WT”
CUSIP: 19681L 20 8
Trading Currency: CDN

Temporary Market Maker: Independent Trading Group

Other Markets: None

Head Office Address:
130 King Street West
Suite 2500
Toronto, Ontario
M5X 1A9

Email Address: a.sussman@colossusminerals.com

Website: www.colossusminerals.com

Head Office Telephone Number: (416) 643-7655

Fax Number: (416) 643-3890

Investors Relations: Ari Sussman
Tel: (416) 643-7655
Email: a.sussman@colossusminerals.com

Chief Financial Officer: John Ross

Corporate Secretary: Wendy Arruda

Incorporation: The Company was incorporated under the Business Corporations Act (Ontario) on February 9, 2006 as 2093688 Ontario Limited. On May 10, 2006 it changed its name to the current form.

Fiscal Year End: July 31

Nature of Business: The principal business of the Company is the acquisition, exploration and development of mineral resource properties in Brazil. The Company's acquisition and exploration activities are currently focused on the Serra Pelada Property. In addition, the Company has entered into option agreements to acquire interests in the Sumidouro Property and the Natividade Property.

Transfer Agent & Registrar: Equity Transfer & Trust Company at its principal office in Toronto, Ontario.

Dividends: The Company does not anticipate paying dividends in the foreseeable future.

Public Offering: Pursuant to the terms of the Prospectus, 17,200,000 units (the “Units”) are being offered to the public at a price of $1.25 per Unit by GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Blackmont Capital Inc. and Evergreen Capital Partners Inc., as agents. Each Unit consists of one common share and half Warrant. In addition, the agents have been granted (i) an over-allotment option to purchase up to 15% of the number of Units sold pursuant to the Offering; and (ii) Broker Options entitling the agents to purchase 6% of the number of Units sold pursuant to the Offering, including Units sold pursuant to the exercise of the over-allotment option. The Units will separate immediately on closing of the offering.

Warrants: Each Warrant will entitle the holder to purchase one common share at a price of $2.00 per share for a period of 36 months from the date of closing of the Offering. The Warrants will be governed by the terms of a warrant indenture dated February 13, 2008 between the Company and Equity Transfer & Trust Company.