Colt Resources Inc. completes third and final closing of private placement
financing announced on June 18th 2009

    
    Ticker Symbols:
    GTP - (CNSX)
    P01 - (FRANKFURT)
    
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<p><location>MONTREAL</location>, <chron>Nov. 19</chron> /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to announce that it has received subscription agreements completing the third and final closing of the private placement financing first announced on <chron>June 18th</chron> 2009.</p>
<p>The proceeds of this third and final closing (<money>$623,000</money>) will be used for general working capital purposes and to fund ongoing exploration at the company's Penedono gold concession where drilling on the <location>San Antonio</location> high grade vein system is underway. The proceeds will also be used to fund the upcoming confirmation drilling program on its Tabuaço tungsten deposit.</p>
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<p>About Colt Resources:</p>
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<p>Colt is a Canadian-based international company focused on the acquisition, exploration and development of gold and tungsten properties in <location>Portugal</location>. The Company's shares trade on the Canadian National Stock Exchange (CNSX) Symbol: GTP and in the <location>Frankfurt</location> Stock Exchange Symbol: P01</p>
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For further information: Nikolas Perrault, President & CEO, Colt Resources Inc., [phone], [email protected]; Aurelio Useche, CFO Colt Resources Inc., [phone], [email protected]