Colossus Minerals Inc. announced that David Anthony has been appointed as President and Chief Operating Officer. Mr. Anthony, a mining engineer with more than 30 years of experience in the mining industry, will be stepping down from the Colossus Board to assume the role. Luis Albano Tondo has been appointed Vice President, Operations and Country Manager, Brazil.

Mr. Tondo is a mining engineer with twenty five years' experience working at increasingly senior levels of a number of organizations. Mr. Tondo brings strong engineering and mineral processing expertise from developing mining projects for Rio Tinto plc, Kinross Gold Corporation and most recently OROSUR Mining Inc. where he was the Chief Operating Officer from 2010 to 2012. Prior to this, Mr. Tondo worked in a variety of capacities for Kinross, overseeing the Paracatu expansion from 2005 until 2010 and the development studies for Kinross' Lobo Marte development project and the Maricunga gold mine in Chile.

John S.M. Turner, a Partner at Fasken Martineau DuMoulin LLP and the Leader of its Global Mining Group will fill Mr. Anthony's vacated board seat. Mr. Turner has been involved in many of the corporate finance and M&A deals in the resources sector with clients including issuers, underwriters and resource companies active throughout Africa, Latin America and Eastern Europe. Finally, Mr. David Garofalo, President and Chief Executive Officer of Hudbay Minerals Inc., has been appointed to the Board of Directors.

Prior to assuming his current role in 2010, Mr. Garofalo served as Senior Vice President, Finance and Chief Financial Officer and a director with Agnico-Eagle Mines Limited, where he worked from 1998.