Colt grants Incentive Stock Options

Symbol: GTP - (CNSX)

MONTREAL , Nov. 24 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") wishes to announce that it has granted today an aggregate of 2,150,000 Incentive Stock Options to Directors, Officers and Consultants of the Company which have a term of 5 years and are exercisable at CDN$0.25 per common share. These Options have been reserved for issuance pursuant to the Company's 2007 Stock Option Plan.

Colt is a Canadian based junior mining exploration company with properties in Canada and Portugal . The Company's shares trade on the Canadian National Stock Exchange (CNSX) Symbol: GTP.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in those forward-looking statements. The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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For further information: Nikolas Perrault, President and CEO, [phone]; www.coltresources.com