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File: 20170215ColtPR1final.pdf

                                          NEWS RELEASE


February 15, 2017                                          Trading Symbols:        GTP   (TSX-V)
                                                                                   P01   (FRANKFURT)
                                                                                   COLTF   (OTC Pink)


                        Colt Resources provides corporate update


Montreal, Quebec, Canada   Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTC
Pink: COLTF) announces that, following the Company's last press release on January 31, 2017, the TSX
Venture Exchange (the "TSXV") contacted the Company with a number of questions and requests for
additional information. The TSXV has halted trading of the shares and will review the trading status as
its review progresses and the Company makes additional filings and public disclosures required.


About Colt Resources Inc.
Colt Resources Inc. (www.coltresources.com) is a Canadian mining exploration and development
company engaged in acquiring, exploring, and developing mineral properties with an emphasis on
copper, gold and tungsten. It is currently focused on advanced stage exploration projects in Portugal,
where it is one of the largest lease holders of mineral concessions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Company's shares trade on the TSXV, symbol: GTP; the Frankfurt Stock Exchange, symbol: P01; and,
the OTC Pink, symbol: COLTF.
  For more information contact:

  John Gravelle
  President & CEO
  Colt Resources Inc.
  Tel: +1.416.568.2740
  John.gravelle@rogers.com


FORWARDLOOKING STATEMENTS: Certain of the information contained in this news release may contain
"forwardlooking information". Forwardlooking information and statements may include, among
others, statements regarding the future plans, costs, objectives or performance of Colt Resources Inc. (the
"Company"), or the assumptions underlying any of the foregoing. In this news release, words such as
 "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate"
and similar words and the negative form thereof are used to identify forwardlooking statements.
Forwardlooking statements should not be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether, or the times at or by which, such future performance
will be achieved. Forwardlooking statements and information are based on information available at the
time and/or management's goodfaith 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 assumptions include, but are not limited to, those
described under "Risk Factors" in the Company's annual information form available on SEDAR at
www.sedar.com and could cause actual events or results to differ materially from those projected in any
forwardlooking statements. The Company does not intend, nor does the Company undertake any
obligation, to update or revise any forwardlooking information or statements contained in this news
release to reflect subsequent information, events or circumstances or otherwise, except if required by
applicable laws.