Colt Resources Inc. extends warrants

    
    Trading Symbols:   GTP - (CNSX)
                       P01 - (FRANKFURT)
                       COLTF.PK - (USA OTC Pink Sheets)
    

MONTREAL, June 28 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") is pleased to announce the extension of all warrants associated with the convertible debentures issued by the Company in 2007 until June 29, 2011.

Of the outstanding convertible debentures, the balance remaining of $225,000 plus accrued interest will be satisfied through the payment of common shares of the Company at price calculated of $0.34316 per common share, in accordance with the terms of the debenture agreement.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian based junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on tungsten and gold. It is currently focused on advanced stage exploration projects in Portugal, where it is the second largest lease holder of mineral concessions.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "anticipates", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in those forward-looking statements. The CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE Colt Resources Inc.

For further information: For further information: Nikolas Perrault, President & CEO, Colt Resources Inc., Tel: (514) 394-0009 Ext: 1, Fax: (514) 394-0888, info@coltresources.com; Aurelio Useche, Director & CFO, Colt Resources Inc., Tel: (514) 394-0009 Ext: 2, Fax: (514) 394-0888, info@coltresources.com; Helen Bilhete, Director, Investor Relations, Colt Resources Inc., Tel: (514) 394-0009 Ext: 5, Fax: (514) 394-0888, info@coltresources.com

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Colt Resources Inc.

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