Trading Symbols:
GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)
MONTREAL,
Dec. 11, 2012 /PRNewswire/ - Colt
Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (Frankfurt:
P01) (OTCQX: COLTF) is pleased to announce that Mr. Richard Quesnel has joined its Board of
Directors. Mr. Quesnel has served for over 5 years as President and
Chief Executive Officer of Consolidated Thompson Iron Mines of
Montreal. He has over 32 years of
senior mine management and engineering experience at large gold,
copper, nickel and iron ore mining properties in Canada and Western
U.S.A. He has successfully developed, commissioned, operated
and expanded mining operations, both open pit and underground.
Since 1979, he has been worked as a mine manager or mining engineer
of several mining companies including Ledcor CMI Limited, JS
Redpath Limited, Les Mines
McWatters, Barrick Goldstrike, Quebec Cartier Mining and
Placer-Dome. Mr. Quesnel is currently Senior Technical Advisor of
Champion Iron Mines and Head of its Advisory Board.
Mr. Quesnel will fill the vacancy created by the
resignation of Mr. Donald Ziraldo in
September from the Board of Directors of the Company.
The Company is also pleased to announce the
appointment of Mr. Daniel P. Goffaux
as a Technical Advisor to the Company. Mr. Goffaux has extensive
experience in the mining industry, and has held a number of
progressively senior operations and management roles, including
Vice-President, Corporate Development for Black Hawk Mining, and
Vice-President and General Manager of Black Hawk's El Limon mine in
Nicaragua. In 2003, Mr. Goffaux
joined Breakwater Resources as the General Manager of the Bougrine
mine in Tunisia, a position he
held until its closure in 2005. Upon his return to Canada, Mr. Goffaux was engaged by Micon
International, based in Montreal,
and became Vice-President, Latin
America, of Breakwater Resources, from 2006 to 2011.
"I am extremely pleased to welcome Mr.
Quesnel to Colt's Board of Directors and Mr. Goffaux as a Technical
Advisor to Colt. Together, they bring a wealth of mining
experience, further reinforcing the Company as its two flagship
projects approach the feasibility stage," noted Nikolas Perrault, President and CEO of Colt
Resources Inc.
ON BEHALF OF THE BOARD OF DIRECTORS OF COLT
RESOURCES INC.
Nikolas Perrault,
CFA, President & CEO
About Colt Resources Inc.
Colt Resources Inc. is a Canadian exploration
and development 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 one of the largest lease holders 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.
