Colt Resources Inc. Reports on Diamond Drilling Progress on Two Concessions

    
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MONTREAL , Nov. 26 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to announce that diamond drilling has started on its Tabuaco tungsten property located in the Armamar Meda concession in northern Portugal . This initial program will consist of 4 holes totaling approximately 325 metres.

Diamond drilling is also continuing on its Santo Antonio gold property in the Penedono concession, located adjacent to the Armamar Meda concession. This is an ongoing program at Santo Antonio with an initial target of approximately 750 metres in 10-15 holes.

The technical portions of this news release have been prepared and approved by J.W. Murton, P. Eng., a qualified person as defined by National Instrument 43-101. Mr. J.W. Murton is a director of Colt.

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 & CEO, Colt Resources Inc., [phone], [email protected]