Ms. Ann Wilkinson reports

COLOSSUS MINERALS INC. ANNOUNCES C$25 MILLION BOUGHT DEAL FINANCING

Colossus Minerals Inc. has entered into an agreement with GMP Securities LP on its own behalf and on behalf of Dundee Securities Ltd., and a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought-deal basis, 15,625,000 common shares of the company, at a price of $1.60 per common share for aggregate gross proceeds to Colossus of $25-million.

The company has agreed to grant the underwriters an overallotment option to purchase up to an additional 2,343,750 common shares at the offering price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the offering. If this option is exercised in full, an additional $3.75-million will be raised pursuant to the offering, and the aggregate gross proceeds of the offering will be $28.75-million. The common shares will be offered by way of a short-form prospectus to be filed in all of the provinces of Canada, except Quebec.

The net proceeds are intended to be used to finance development expenditures on the Serra Pelada gold-platinum-group-metals mine, general working capital and corporate purposes.

The offering is expected to close on or about June 12, 2013, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

We seek Safe Harbor.