Colt Resources Inc. announced the appointment of Mr. Sabri Karahan to its Board of Directors. Mr. Sabri Karahan is a mining engineer with 40 years of experience in mining operation, development, engineering, mine management and corporate management. He is the founder and is currently the Chief Executive Officer and General Manager of DAMA Engineering of Ankara, Turkey, which serves the worldwide mining industry in the areas of exploration, project development, and EPCM work.

Mr. Karahan has been with DAMA Engineering since 2005 and, during that time, DAMA Engineering has been transformed into an internationally recognised engineering company employing highly qualified engineers, geologists, geo-technicians and economists. Mr. Karahan is also on the Board of AIMROC Mining Company, which is based in Azerbaijan. He has been a director of AIMROC Mining since 2011.

From 1998 to 2005, Mr. Karahan was an Executive Board Member and the General Manager of Normandy Madencilik Plc, which was a subsidiary of Normandy Ltd. of Australia until 2002, and then a subsidiary of Newmont Ltd. In this capacity, Mr. Karahan led a team of engineers, lawyers and consultants that re-vitalised a major gold project in Turkey and opened the way for the gold mining industry in Turkey.