Colt Resources Inc. (""Colt"" or the ""Company"") (GTP.V) (P01.F) (COLTF) announces today that Shahab Jaffrey has joined as the company's new Chief Financial Officer. Mr. Jaffrey will help guide and oversee Colt's continued market leadership and financial growth.<br /><br />Mr. Jaffrey is an experienced chartered accountant possessing strong commercial and technical skills with core expertise in financial reporting and advisory related issues having worked with large International and Canadian accounting firms. He possesses more than 13 years of experience across Australia , Canada , Russia , Kazakhstan , Pakistan and the Middle East with major clients being listed companies in the Mining and Oil & Gas sector. His last role was with Sherritt International Corporation as part of their senior internal audit and risk management team.<br /><br />Nikolas Perrault , Colt's President and CEO, stated: ""We would like to welcome Shahab to our team. At the same time we would like to thank Mr. Aurelio Useche for his years of dedication and wish him the best on his future endeavours"".<br /><br />About Colt Resources Inc. <br />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 gold and tungsten.  It is currently focused on advanced stage exploration projects in Portugal and securing advanced stage mining projects.<br /><br />The Company's shares trade on the TSX&#8208;V, symbol: GTP; the Frankfurt Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF.<br /><br />FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news release may contain ""forward-looking information"". Forward-looking 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 forward-looking statements. Forward-looking 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. 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 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 forward-looking statements. The Company does not intend, nor does the Company undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.<br /><br />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.<br /><br />SOURCE Colt Resources Inc.