Colt Resources Inc. Announces Updated Mineral Resource Estimates for the Chaminé and Casas Novas Gold Deposits

Colt Resources Inc is a Canada-based exploration-stage company focused on the acquisition, exploration and development of mineral properties. It operates through the segment of acquisition and exploration of mineral property interests in Canada and Portugal. Its exploration and development projects include the Boa Fe gold project and the Tabuaco tungsten project. It also owns interest in the Alvalade VMS copper-zinc project in the Iberian Pyrite Belt in southern Portugal. The Boa Fe Experimental Mining License covers approximately 46.78 square kilometers and is located over 90 kilometers east of Lisbon, near the towns of Montemor-o-Novo and Evora, in the Alentejo region of southern Portugal. The Tabuaco property has an area of approximately 45.128 square kilometers located in north central Portugal. Its other properties include Santo Antonio property, Montemor-o-Novo exploration concession, Cedovim exploration concession, Borba exploration license and Cercal exploration license.