COLTF Colt Resources Inc (CE)

MONTREAL, Nov. 14, 2011 /PRNewswire/ - Colt Resources Inc. ("Colt" or the "Company") (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) announced today that Wenzhao "Connie" Wang has joined the Company in a strategic advisory capacity for relationship building and marketing assistance in the People's Republic of China.

"We are very honoured that Connie has chosen to advise and assist Colt in its networking and relationship building efforts in China. With Connie's addition to the team, Colt's on-going initiatives in China will be greatly strengthened. She brings to the company outstanding capabilities which include extensive experience and knowledge concerning North American and Chinese business collaboration." stated Nikolas Perrault, CEO of Colt Resources.

Ms. Wang has 20 years of extensive international experience with an emphasis on China gained through her distinguished diplomatic and legal careers. Prior to becoming a lawyer, Ms. Wang spent 13 years as a diplomat in the Chinese Foreign Service in various capacities including serving as press officer for Chinese President Jiang Zemin during his official visits to foreign countries and as a diplomat at the Chinese Mission to the United Nations in New York. After obtaining her law degree in the United States of America, Ms. Wang worked at two major international law firms in the U.S. before founding USAsia Law Group, a California based general practice law firm with an international scope and multicultural expertise.

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.

SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide overall technical assistance to Colt in Portugal and will be producing several NI 43‐101 compliant reports as projects progress (see press release of January 18, 2011).

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.