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File: 03 feb 2017 press release_N Perrault resignation.docx

News Release

February 3, 2017
 Trading Symbols:         
 GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTC-PINK)
 
 
RESIGNATION OF DIRECTOR
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES OF AMERICA

Montreal, Quebec; Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) announces that M
--->r. Nikolas Perrault has resigned as director of the Company with effect from February 3, 2017.

About Colt Resources Inc.
Colt Resources Inc. (www.coltresources.com) is a Canadian mining exploration and development company engaged in acquir
--->ing, exploring, and developing mineral properties with an emphasis on gold, copper and tungsten. It is currently focus
--->ed on advanced stage exploration projects in Portugal, where it is one of the largest lease holders of mineral concess
--->ions.

The Company's shares trade on the TSX{{‐ ‐} ‐}V, symbol: GTP; the Frankfurt Stock Exchange, symbol: P01; a
--->nd, the OTCPINK, symbol: COLTF.

John Gravelle
President & CEO
Colt Resources Inc. 
Tel: +416-568-2740 
John.gravelle@rogers.com
 Shahab Jaffrey, CPA CA
Chief Financial Officer
Colt Resources Inc. 
Tel: +1-514-843-7178
sjaffrey@coltresources.com
 
 
 
 FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain "forward-looking in
--->formation". Forward-looking information and statements may include, among others, statements regarding the future plan
--->s, costs, objectives or performance of Colt Resources Inc. (the "Company"), or the assumptions underlying any of the f
--->oregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticip
--->ate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-lookin
--->g statements. Forward-looking statements should not be read as guarantees of future performance or results, and will n
--->ot necessarily be accurate indications of whether, or the times at or by which, such future performance will be achiev
--->ed. Forward-looking statements and information are based on information available at the time and/or management's good
--->-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and 
--->other unpredictable factors, many of which are beyond the Company's control. These risks, uncertainties and assumption
--->s include, but are not limited to, those described under "Risk Factors" in the Company's annual information form avail
--->able on SEDAR at www.sedar.com and could cause actual events or results to differ materially from those projected in a
--->ny forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update o
--->r revise any forward-looking information or statements contained in this news release to reflect subsequent informatio
--->n, events or circumstances or otherwise, except if required by applicable laws.