Mr. Adam Travis reports

COLORADO COMPLETES DRILLING ON RED SKY PROPERTY, WEST CENTRAL, BRITISH COLUMBIA

Colorado Resources Ltd. has completed a drilling program on its Red Sky property, located approximately 150 kilometres by road west of Williams Lake and south of the community of Redstone. The property has the potential to host copper-gold porphyry mineralization similar to Taseko's Prosperity deposit as well as bulk-tonnage gold mineralization similar to that found on Amarc's Newton property located approximately 30 kilometres southeast of Red Sky.

The property is being explored under the terms of an exploration agreement with Kinross Gold Corporation, one of the world's leading senior gold producers. The company has now completed the $500,000 of expenditure requirements under the exploration agreement to complete a 50-50 joint venture earn-in. The work program consisted of geological mapping, till and rock chip sampling, induced polarization and magnetometer geophysical surveying, and drilling.

Drilling was undertaken to test a partially open, 600-by-1,000-metre chargeability anomaly in an area covered by glacial overburden. This chargeability anomaly coincides with a copper, zinc, gold and silver geochemical anomaly defined earlier through detailed till sampling. The drill program comprised four holes totalling 628 metres. Geological observations of the drill core note multiple phases of intrusions into volcanic rocks displaying a variety of textures and compositions. All of the rocks have been cut by extensive faults with associated clay alteration and variable sulphide accumulations.

Company president Adam Travis states: "I am very pleased that we were able to complete an initial drill program to test the large coincident chargeability and till anomaly before the onset of winter. We have observed areas of alteration in the drill core and eagerly await assay results. Results from our 2011 work program will provide a good base upon which to plan for next year's program on the property."

Qualified person

Greg Dawson, PGeo, is the qualified person as defined by National Instrument 43-101. He supervised the preparation of the technical data in this news release.

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