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ABOUT COLOSSUS RESOURCES CORP

Nature of Business and Continuing Operations

Colossus Resources Corp. (formerly Peruviangold Mining Corp.) (the “Company”) was formed on September 9, 2020 under the laws of British Columbia.

The Company’s principal business activities include the acquisition and exploration of mineral property assets. The Company holds interests in early stage mineral exploration properties in Ontario and will be conducting detailed exploration programs to determine whether the mineral property assets contain mineral deposits that are economically recoverable. The recoverability of amount shown for exploration and evaluation asset is dependent upon the discovery of economically recoverable reserves, confirmation of the Company’s interest in the underlying mineral claims, the ability of the Company to obtain the necessary financing to complete the development of and the future profitable production from the property or realizing proceeds from its disposition.

Our Projects

OUR PROJECTS

Master Cu Project

Master Copper Project located in the Sault Ste. Marie Mining Division of Ontario

Red Lake Pringle South Property

Red Lake Pringle South Property located in the Red Lake Mining Division of Ontario

Little Joe Fault Cu Project

Joe Fault Cu Project located in the Thunder Bay Mining Division of Ontario
Update

Latest News & Articles

Colossus Resources Signs Letter of Intent with Austral Gold Limited to Acquire the Calvario and Mirador Copper Porphyry Projects in Chile

Vancouver – April 5, 2023 – Colossus Resources Corp. (“Colossus” or the “Company”) (TSX-V: CLUS) is pleased to announce it has entered into a Letter of Intent (the “LOI”) dated April 5, 2023 with arm’s-length parties Austral Gold Limited and its subsidiaries Minera Mena Chile Ltda and Revelo Resources Corp. to acquire an undivided 100% interest in the Calvario and Mirador projects in the Republic of Chile.  The Company has requested a trading halt, which will remain in effect until lifted by the TSX Venture Exchange.

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Colossus Resources Provides Analytical Results from Phase One Prospecting Field Program at its Master Copper Project, Ontario, Canada

Vancouver – January 17, 2023 – Colossus Resources Corp. (“Colossus” or the “Company”) (TSX-V: CLUS) is pleased to provide positive analytical results from channel sampling during the inaugural prospecting geological field program on its 100% controlled Master Copper Project (“Master Copper” or the “Project”) which was completed in Q4 2022. One Channel (Samples 81720-81729) returned 1.316% Cu and 0.210 grams per ton (“gpt”) Au over 6.9 metres, including 2.565% Cu and 0.419 gpt Au over 3.2 metres.

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Colossus Resources Corp. Announces Board Change

Vancouver, BC – November 2, 2022 – Colossus Resources Corp. (“Colossus” or the “Company”) (TSX-V: CLUS)  announces the resignation of board member, George Heras. Colossus would like to thank George for his contributions to the Company’s Board of Directors and wish him the best in his future endeavors.

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Colossus Resources Commences Field Geological Program at Master Copper Project, Ontario, Canada

Vancouver – September 6, 2022 – Colossus Resources Corp. (“Colossus” or the “Company”) (TSX-V: CLUS) is pleased to announce that following a successful listing on the TSX Venture Exchange (“TSX-V”) and the subsequent commencement of trading on August 4, 2022, the Company has just commenced its inaugural geological field program on its 100% controlled Master Copper Project (“Master Copper” or the “Project”). The Master Copper Property is located 38 km west of Elliot Lake and approximately 90 km east of Sault Ste. Marie in the Algoma District of Northern Ontario and consists of 15 mining claims. The property is accessible via a series of all-weather roads and ATV trails. The Property covers an area of approximately 1,143 hectares.

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Colossus Resources Corp Successfully Completes IPO and Commences Trading at TSX-V on August 4, 2022 

August 4, 2022 – Vancouver, British Columbia – Colossus Resources Corp. (the “Corporation”) is pleased to announce that it has successfully completed its initial public offering of 3,208,000 units (the “Units”) at $0.25 per Unit for gross proceeds of $802,000 (the “Offering”). Each Unit is comprised of one (1) common share in the capital of the Issuer (“Common Share”) and one-half (1/2) of one Common Share purchase warrant (each whole such warrant, a “Warrant”). Each whole Warrant is exercisable to acquire one additional Common Share (a “Warrant Share”) for a period of 24 months from the date of issue at a price per Warrant Share of $0.40. As a result of this issuance, the Corporation has 13,583,100 common shares issued and outstanding. In connection with the Offering, the Corporation granted to Cannacord Genuity Corp. (the “Agent”), the agent of the Offering, an option to acquire an aggregate of 256,640 Common Shares (the “Agent’s Option”) at an exercise price of $0.25 per share. The Agent’s Option will expire two (2) years from the date the Corporation’s Common Shares are listed on the TSX Venture Exchange Inc. (the “Exchange”). In consideration for acting as agent for the Offering, the Agent also received an administration fee and a cash commission equal to 8% of the gross proceeds of the Offering.

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NEWS RELEASES PENDING …
Workers examining core samples

Investors presentation

Stay tuned for additional media.​