Colossus Minerals Announces Expiry of Warrants

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2009) - Colossus Minerals Inc. ("Colossus" or "the Company") (TSX: CSI.TO) announces that the outstanding unexercised common share purchase warrants (the "Warrants") issued in connection with Colossus' March 2009 public offering expired at 4:00 pm (Eastern Standard Time) on November 27, 2009.

Prior to their expiry, an aggregate of 5,965,625 Warrants, representing 100% of the Warrants issued in March 2009, were exercised for aggregate proceeds of C$16,107,187.

About Colossus:

Colossus is a minerals development company focused on the Serra Pelada high-grade gold-platinum-palladium project in Para State of Brazil. Between 1980 and 1986, Serra Pelada was host to the largest precious metals rush in Latin American history. Coverage by 60 Minutes of this famous mining rush can be viewed at: sixtyminutes.ninemsn.com.au/article.aspx?id=299887.

Contacts

Elina Chow
Colossus Minerals Inc.
Public Relations Manager
(416) 643-7655
info@colossusminerals.com
www.colossusminerals.com