Colt Resources appoints Arthur Lipper as Special Advisor to the Board

Trading Symbols:  GTP - (TSX-V)
P01 - (FRANKFURT)
COLTF - (OTCQX)

MONTREAL, June 30, 2011 /CNW Telbec/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) announced today that Arthur Lipper has become a Special Advisor to the Colt Resources Board of Directors.

"We are very pleased and honored that Arthur has decided to throw his support behind Colt. I am personally looking forward to working with him and to be able to benefit from the wisdom and experience he brings to us from such a distinguished career." stated Nikolas Perrault, CEO of Colt Resources.

Mr. Lipper has had broad experience as an investment banker, financier, corporate advisor, author, inventor and lecturer. He has served on the boards of both privately owned and publicly traded companies. He has founded co-founded and chaired two institutional New York Stock Exchange member firms which have held memberships in many other stock and commodities futures exchanges. He has been an advisor to a U.S. futures exchange and a Middle Eastern stock exchange.

His board memberships and advisory positions have included; oil and gas exploration and production companies, a gold mine holding company and a broad range of industrial, high tech and communications companies.

He has authored 5 books on the subject of entrepreneurship and financing companies. He has been responsible for financial industry innovations including; mutual fund performance measurement and reporting, institutional stock loans services, stock index funds and stock index futures. In 2011, he was awarded U.S. patents covering a means of using royalties in the financing of companies and projects and also one relating to a unique approach to investment portfolio monitoring and management.

Mr. Lipper and Anni, his wife of 49 years, live in Del Mar, California.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian junior exploration 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, where it is the second largest lease holder of mineral concessions.

The Company's shares trade on the TSX‐V, symbol: GTP; the Frankfurt Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF.

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 revised annual information form dated April 20, 2011 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.

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.

SOURCE COLT RESOURCES INC.

For further information:

Nikolas Perrault, 
President & CEO 
Colt Resources Inc. 
Tel: (514) 317-6301
Fax: (514) 317-6302
info@coltresources.com 

Renmark Financial Communications Inc. 
Florence Liberski: fliberski@renmarkfinancial.com
Barbara Komorowski:bkomorowski@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com
Declan Costelloe, 
Executive Vice President & COO
Colt Resources Inc. 
Tel: (514) 317-6301
Fax: (514) 317-6302
info@coltresources.com



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COLT RESOURCES INC.

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