Shareholders Re-elect Board of Directors at AGM

Trading Symbols: 
GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)

MONTREAL, June 15, 2012 /PRNewswire/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) is pleased to announce the completion of its 2012 Annual General Meeting ("AGM"). Shareholders re-elected Messrs. Jean Depatie, James Ladner, Donald J.P. Ziraldo, Nikolas Perrault, Aurelio Useche, David A. Johnson, and Declan Costelloe as directors of Colt as well as elected Mr. J. Wayne Murton, a professional geologist, to complete the Board of Directors. Mr. Jean Depatie was subsequently re-appointed as Chairman of the Board.

Following the AGM, the Company is also pleased to confirm the re-appointment of Mr. Nikolas Perrault as President and Chief Executive Officer, Mr. Declan Costelloe as Executive Vice President and Chief Operating Officer, Mr. Aurelio Useche as Chief Financial Officer and Mr. David A. Johnson as Chief Legal Officer and Corporate Secretary of the Company.

Investor Relations Update

Colt is also pleased to announce that it has retained San Diego Torrey Hills Capital, Inc. ("Torrey Hills Capital"), located in California, to act as investor relations consultants to support the Company with its U.S. investor relations' efforts.  Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for activities related to Colt.

Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector. Torrey Hills Capital will increase awareness about Colt through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in both the U.S and Canadian marketplaces.

Torrey Hills Capital will also develop a profile on Colt for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.

"As the largest lease holder of mineral concessions in Portugal, Colt Resources is aggressively developing its gold and tungsten assets," commented Cliff Mastricola, President of Torrey Hills Capital. "We are confident in management's ability to create value and are excited to partner with the Company to introduce the story to the investment community."

Torrey Hills Capital has been engaged on a month-by-month basis at a monthly fee of US$7,000.  Torrey Hills Capital, through its officers, directors, employees, and consultants, currently controls approximately 100,000 common shares of the Company.  The appointment of Torrey Hills Capital as an investor relations consultant of Colt remains subject to regulatory acceptance of the TSX Venture Exchange.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on gold and tungsten.  It is currently focused on advanced stage exploration projects in Portugal, where it is the largest lease holder of mineral concessions.

The Company's shares trade on the TSX‐V, symbol: GTP; the Frankfurt Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking information". Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Colt Resources Inc. (the "Company"), or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in the Company's revised annual information form dated April 20, 2011 available on SEDAR at www.sedar.com and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

SOURCE COLT RESOURCES INC.