core sector communique

Colossus Minerals Appoints Ann Wilkinson as Vice-President, Investor Relations October 25, 2011 Toronto, Ontario – Colossus Minerals Inc. (the “Company” or “Colossus”) (TSX: CSI) today announced that effective November 1, 2011, Ann Wilkinson has been appointed to serve as the Company's Vice-President, Investor Relations. Ms. Wilkinson has over 20 years experience in the mining industry in both investor relations and other management roles. Prior to joining Colossus, she served as Vice President, Investor Relations of Breakwater Resources Ltd., a position she held from October 2005. Claudio Mancuso, Colossus Minerals’ President and CEO commented, “Ms. Wilkinson is one of the most highly regarded investor relations professionals in our industry. Ms. Wilkinson’s appointment continues our evolution and strengthens our senior management team as we continue to advance the Company’s strategy of bringing Serra Pelada into production. Her significant mining and investor relations experience will undoubtedly make significant positive contributions to the execution of our corporate strategy.” Ann Candelario, who joined Colossus in September 2010, has resigned her position as Vice-President, Investor Relations of the Company, effective immediately, to pursue other opportunities. Mr. Mancuso continued, “On behalf of the entire Board and senior management team, I want to thank Ms. Candelario for her service and significant contributions to the Company. We sincerely wish her every future success.” About Colossus: Colossus is a Canadian-based exploration and development company focused in the mineral prolific Carajas region of Para State, Brazil. Our primary focus is to advance the Serra Pelada project into production. Serra Pelada is host to one of the highest grade gold and platinum group metals deposits in the world. Between 1980 and 1986 Serra Pelada was host to the largest precious metals rush in Latin American history. Colossus Minerals shares trade on the Toronto Stock Exchange (TSX) under the symbol CSI. The Company is headquartered in Toronto, Canada.