Colt Resources Inc.  (TSX-V: GTP) (OTCQX: COLTF)

Colt Resources intersects 9.98g/t Au over 19.40m, including 45.07g/t Au over 3.0m at its Boa Fé Gold Project, Southern Portugal

MONTREAL , Jan. 18 /CNW Telbec/ – Colt Resources Inc. (“Colt” or the “Company”) (TSXV: GTP.V- News) (FRA: P01.F - News) (OTCQX: COLTF.PK - News) is pleased to announce that it has received final analytical results for the first four holes of its ongoing drilling campaign on its Boa Fé gold project, located within the Company’s 100% owned Boa Fé Experimental Mining License (“EML”) in southern Portugal .

Colt’s initial work program is designed to confirm and expand upon extensive historical drilling and trenching performed by previous operators. The results of this initial phase of drilling will form the basis for an initial NI 43-101 resource estimate covering several previously drilled gold bearing deposits within the Boa Fé EML which is to be published by mid 2012.

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The results are highlighted as follows:

Nikolas Perrault, President and CEO of Colt, stated, “We are delighted with these extremely positive initial results which give us a good degree of comfort on the quality of the database we obtained as part of our acquisition of this concession. Our exploration and mine development teams have been given clear instructions to fast track these projects towards the mining phase and these initial results go a long way in supporting us in this decision”.

Program Strategy

The company has commenced the implementation of an aggressive advanced stage exploration campaign consisting of a combination of vertical and inclined drill holes positioned to confirm previous drilling results at the Chaminé and Casas Novas deposits. This work will greatly expand the geological, geotechnical and metallurgical knowledge base. Our geological team is testing the geological models proposed by previous operators so as to move forward with increased confidence towards resource delineation and mine development. High priority regional targets identified through field prospecting will also be tested.

Quality Assurance / Quality Control (QA/QC)

Sample intervals are reported as metres (m) downhole and as such do not represent true width. The actual orientation of the gold mineralization is yet to be determined.

All drill core is transported by Company personnel from drill site to a nearby secure storage facility for logging and sampling. Sampling intervals are defined after core logging and determination of probable high grade zones based on visible mineralisation and favourable structure. One half of the core is sent for analysis, while the other half is retained in the core boxes for future reference.

All samples are sent by courier to ALS Chemex’s facility in Seville , Spain , where they undergo sample preparation. The resulting pulps are shipped by ALS to their laboratory in Romania for gold assay and routine ICP multi-element analysis. Gold analysis for all samples is done via method “Au – AA23″ (Au by fire assay and AAS, 30g nominal sample weight). The detection limit for this method is 5 ppb. For every sample with Au values over 3 ppm, the pulp is re-analyzed by method “Au – GRA21″ (Au by fire assay and gravimetric finish, 30g nominal sample weight). The detection range for this method is 0.05-1000 ppm

A set of standards and blanks has been inserted by Colt into the sample stream on a regular basis in addition to the laboratory’s own internal QA/QC standards and duplicates. QA/QC results to date are well within the accepted norm.

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.

SRK ES Director – Gareth O’Donovan CEng MSc BA (Hons) FIMMM FGS, is the independent qualified person, as defined in NI 43‐101, for Colt’s projects in Portugal . Mr. O’Donovan has reviewed the content of this press release, and consents to the information provided in the form and context in which it appears.

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 atwww.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.

Nikolas Perrault
President & CEO
Colt Resources Inc.
Tel: +351916150926
Fax: +15146356100
[email protected]

Declan Costelloe CEng,
Executive Vice President and COO
Colt Resources Inc.
Tel: (514) 317-6301
Fax: (514) 317-6302
[email protected]

Renmark Financial Communications Inc.
Florence Liberski: [email protected]
Bettina Filippone: [email protected]
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com

FORWARD-LOOKING STATEMENTS:  This document does not constitute an offering document. Potential investors or shareholders should not rely on the information contained in this document before making an investment decision. Certain of the information contained in this presentation 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 presentation, 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 presentation to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide overall technical assistance to Colt in Portugal and will be producing several NI 43-101 compliant reports as projects progress (see: January 18, 2011 press release). Jeffrey Volk, MSc, CPG, FAusIMM, of SRK Consulting (U.S.) Inc., is the independent qualified person, as defined in NI 43-101, for Colt’s projects in Portugal.

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 or any content on this web site.

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to ten thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

MONTREAL , Nov. 15, 2011 – Colt Resources Inc. (“Colt” or the “Company”) (TSXV:GTP.V - News) (FRA: P01.F - News) (OTCQX: COLTF.PK - News) is pleased to announce that Mikhail Y. Gurfinkel has accepted to join the Colt Resources Advisory Board.

“Colt welcomes Mikhail to its Advisory Board. His outstanding initiative, legal specialization, and background in the global markets and financial services make him a great addition to our team. We are looking forward to working closely with Mikhail and to benefit from his experience and advice. I would like to take this opportunity to state that we consider ourselves quite privileged at Colt over the last few years to have been able to attract such a talented, internationally connected and wonderful group of people” expressed Nikolas Perrault , CEO of Colt. “It gives me great confidence about the future of our Company.”

With 15 years of experience in international capital markets through his the legal and investment work, Mr. Gurfinkel now brings his knowledge to the Colt Advisory Board. As Chief Development Officer and Regional General Counsel for Basic Element, since 2007, he has successfully managed the New York office of Russia’s largest private capital conglomerate as the sole North American representative. His mandate includes strategy and investments in energy, infrastructure, and manufacturing sectors. He specializes in negotiating and structuring investments and joint venture arrangements, as well as capital raising and portfolio management. Prior to his role at Basic Element, Mr. Gurfinkel practiced law for two of the world’s largest law firms in New York City , where he specialized in mergers and acquisitions and capital markets transactions. Mr. Gurfinkel earned his juris doctor from the University of California , Boalt Hall School of Law ( Berkeley ) and his Bachelor of Arts in Philosophy from the University of Florida .

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 second largest lease holder of mineral concessions.

SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide overall technical assistance to Colt in Portugal and will be producing several NI 43‐101 compliant reports as projects progress (see press release of January 18, 2011).

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.

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The StockGuru Profile – Condensed:

Colt Resources Inc. (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01) 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 in the country.

Colt has assembled the largest mineral lease portfolio including gold, tungsten and base metals in Portugal. Portugal has a long tradition of mining history and historically was a major source of the riches that financed the Roman Empire. Colt enjoys an excellent working relationship with the Portuguese Government and looks forward to the development of several mines in this EU member country.

Colt Resources Strong Investor Base

Management – 6%

HNW European – 25%

North American Retail – 35%

Asian Institution 5%

European Retail – 16%

Non-European Retail 13%

The Company operates two wholly-owned subsidiaries in Portugal:

Eurocolt Resources Unipessoal Lda. (“Eurocolt”)

Aurmont Resources Unipessoal Lda. (“Aurmont”)

Formal Ratification of Colt-AIOC Joint Venture

Colt-AIOC Joint Venture application for an Experimental Mining License on its 47 Km2 Boa Fé gold project has been ratified. Colt Resources has the equipment and experienced personnel on site.

Additionally, the Direcção-Geral de Energia e Geologia, a division of the Portuguese Ministry of Economy and Innovation, formally awarded the larger Montemor Gold Exploration License.

The Company has proceeded with the final payment of 125,000 Euros and the issuance of three million restricted shares increasing the ownership and control of the Boa Fé gold project from 51% to 100%.

The Montemor Gold Project and Montemor Regional Concession

The Montemor Gold Project and Montemor Regional Concession are located some 100 km east of the Lisbon, the capital city, near the towns of Montemor-o-Novo and Évora, in the Alentejo region of southern Portugal.

See FULL PROFILE at StockGuruCanada.com

Contact Colt Resources:

Nikolas Perrault

President & CEO

Colt Resources Inc.

Tel: +351916150926

Fax: +15146356100

[email protected]

Declan Costelloe CEng,

Executive Vice President and COO

Colt Resources Inc.

Tel: (514) 317-6301

Fax: (514) 317-6302

[email protected]

Renmark Financial Communications Inc.

Florence Liberski: [email protected]

Bettina Filippone: [email protected]

Tel.: (514) 939-3989 or (416) 644-2020

www.renmarkfinancial.com.

FORWARD-LOOKING STATEMENTS: This document does not constitute an offering document. Potential investors or shareholders should not rely on the information contained in this document before making an investment decision. Certain of the information contained in this presentation 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 presentation, 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 presentation to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide overall technical assistance to Colt in Portugal and will be producing several NI 43-101 compliant reports as projects progress (see: January 18, 2011 press release). Jeffrey Volk, MSc, CPG, FAusIMM, of SRK Consulting (U.S.) Inc., is the independent qualified person, as defined in NI 43-101, for Colt’s projects in Portugal.

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 or any content on this web site.

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to ten thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.