Colossus Minerals Inc. announced that Tom S. Bruington and John P. A. Budreski were appointed as directors in addition to John W. Frostiak, who will remain as the Chairman of the Board. Mr. Bruington is the Executive Vice President, Project Evaluation at Sandstorm Gold Ltd. prior to which he spent more than twelve years at the International Finance Corporation ("IFC") where he was employed as Chief Engineer/Industry Specialist for the mining division of the oil, gas, mining and chemicals department. Mr. Budreski is the President and CEO of Morien Resources Corp.

Mr. Budreski has over 25 years of experience in the resource and resource financing industries, most recently as a Vice Chairman of Cormark Securities Inc.