Colossus Minerals Inc. reported assay results from the 15,000 metre surface drilling program at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP joint venture located in the State of Para, Brazil. SPD-142 intersected 9.8 metres at 109.89 g/t gold, 0.75 g/t platinum and 15.51 g/t palladium including 0.80 metres at 1,336.13 g/t gold, 8.46 g/t platinum and 188.14 g/t palladium. The hole was an up-plunge step out and is located only 120 metres west from the historic Serra Pelada pit indicating the potential for additional high-grade mineralization along the GT Zone parallel to the pit. SPD-149 intersected 11.54g/t Au, 2.04 g/t Pt and 2.61 g/t Pd over 3.8 metres. This hole filled an 80 metre gap in the GT Zone. SPD-150 intersected the GT Zone and returned 14.46g/t Au, 1.48 g/t Pt and 2.03 g/t Pd over 3.3 metres confirming the high-grade nature of this part of the zone. The new intersections in the GT Zone increase the overall width of the zone by 10-35 metres down dip towards the lower limb portion of the Central Mineralized Zone. The GT Zone now extends for 550 metres of strike length and remains open up-plunge to the northeast and down-plunge to the southwest. Step-out diamond drilling will continue for the balance of the 2012 drill program in order to delineate the full extent of this important zone. SPD-146 intersected a high-grade interval on the upper limb containing 20.9 g/t gold over a 2.0 metre interval demonstrating the potential of this part of the extensive fold structure.