Colossus Minerals Retains the Services of Brisco Capital to Provide Investor Relations

TORONTO, ONTARIO--(Marketwire - May 30, 2008) - Colossus Minerals Inc. (the "Corporation") (TSX: CSI.TO) is pleased to announce that the Corporation has retained the services of Brisco Capital Partners Corp. ("Brisco") to provide investor relations services, subject to regulatory approval. Brisco will initiate and maintain contact with the financial community, shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities. Brisco takes a full service approach to investor relations and provides creative, effective results-driven investor relations programs for Canadian public companies.

"We are looking forward to working with Brisco to actively engage the investment community, in order that our company and its inherent value might be best communicated and fully appreciated", stated Ari Sussman, CEO.

The term of the agreement is for a 12-month period and in consideration of the services to be provided, Brisco will receive a monthly fee of $7,500. In addition, Brisco will be granted 200,000 incentive stock options to purchase shares with an exercise price of $2.05. The stock options will vest equally and quarterly over the first 12 months after issuance. The stock options expire at the earlier of 30 days after termination, or 2 years from the date of issuance.

"We at Brisco are very bullish on the precious metals cycle going forward. Colossus presents an excellent opportunity with extremely high historical grades in a mining friendly jurisdiction," said Scott Koyich, President of Brisco.

ABOUT COLOSSUS:

Colossus is an exploration and development Company focused on mineral resource properties in Brazil. The Company is currently focused on the high grade gold-platinum-palladium Serra Pelada project in Para State, Brazil. Between 1980-1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Coverage by 60 Minutes of this infamous mining rush can be viewed at the following link: www.sixtyminutes.ninemsn.com.au/article.aspx?id=299887 In addition, the Company has dedicated certain resources to its Sumidouro property located near Ouro Preto in Minas Gerais State, Brazil and the Natividade Property in the State of Tocantins, Central Brazil.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to an exemption therefrom. Accordingly, this news release does not constitute an offer for sale of securities in the United States.

Contacts

Ari Sussman
Colossus Minerals Inc.
(416) 643-7655
(416) 643-3890 (FAX)
Email: info@colossusminerals.com
Website: www.colossusminerals.com

Scott Koyich
Brisco Capital Partners
President
(403) 262-9888
Email: scott@briscocapital.com

Graeme Dick
Brisco Capital Partners
(403) 561-8989
Email: graeme@briscocapital.com