www.coltr

ne

PENEDONO GOLD CONCESSION Explored and exploited for gold dating back to Roman times.

In the mid-1950’s, the Santo Antonio gold mine went into

production and operated for at least 9 years.

– Tenuous records indicate perhaps 110,000 tonnes of

material were processed with perhaps 331,000 grams of

gold recovered.

– Grade possibly up to 14 g/t Au (source INETI).

Mineralization comprised of widespread clusters of gold-bearing

vein systems, locally containing tungsten.

Veins occur within a broad west-northwest trending 16 km long

belt.

Potential for:

– Underground high-grade veins deposits and

– Open pit, lower grade gold zones

Numerous extensive and untested gold-in-soil anomalies

Colt Resources Inc is a Canadian based company focused on the exploration and development of mineral properties in Portugal.

Properties: Total of ~1,464 km2 Northern Portugal Concession Principal Commodity

Penedono Gold 102 km2

Armamar – Meda

Tungsten-Gold

436 km2

Moimenta-Almendra

Gold-Tungsten-Tin

566 km2

Southwestern Portugal Santa Margarida do Sado

Massive Sulphides (VMS): Cu Pb Zn (Ag, Au)

360 km2

FACT SHEET

A significant land package! Currently the second largest holder of mineral rights in Portugal!

An experienced dynamic technical and financial team!

Determined to become a producer within two years!

WHY PORTUGAL? Stable and mining friendly country of the European Union Exceptional, largely under-explored geological potential Properties accessible year round with well developed

infrastructure and close proximity to roads, water, power Excellent labour force availability Excellent government relationships at both state and

municipal levels Potential access to various EU financial incentive programs

for infrastructure development

CDNX: GTP Frankfurt: P01

Penedono Gold Results Table of High Grade Results: Veins 11 and 13 (High grade drill intervals: Au g/t)

Vein 11 180.57 g/t over 0.38 m

Vein 13 87.04 g/t over 1.00 m included in 39.67g/t over 2.23 m

Vein 13 75.64 g/t over 0.08 m (left over vein from mined stope)

Vein 13 35.34 g/t over 0.75 m included in 15.31g/t over 1.80 m

Vein 11 34.40 g/t over 0.87 m included in 14.59g/t over 3.15 m

Vein 13 26.56 g/t over 0.56 m included in 13.35g/t over 1.41m

Vein 11 18.37g/t over 1.54 m included in 9.21g/t over 4.14 m

Why Tungsten?

Unique physical attributes: – Highest melting point of all elements except carbon with

high thermal and electrical conductivity – Extremely strong, wear resistant; with a hardness close to

that of diamonds - highest tensile strength of all metals – Superior heaviness and density among metals – Extremely corrosive resistant and relatively acid resistant,

deemed environmentally benign – China dominates the tungsten market – Strategic commodity having few, if any replacements, in the majority of its industrial applications

Share Structure*

CNSX:GTP Frankfurt:P01 Outstanding: 32.9 million Fully diluted: 52.5 million Curr. share price1 $0.41 52 wk high – low2 $0.47 – $0.07 Market Cap $13.5 million Average exercise price warrants & options: $0.275 per share Significant management ownership and strong shareholder base

*As of April 9, 2010 1

As of May 14, 2010; 2

Till May 14, 2010

Contact us: Nikolas Perrault, CFA, President & CEO Tel: +1 (514) 394-0009 E-mail: info@coltresources.com

NI 43-101 Technical Report, completed in Jan. 2009, indicated there was “ample justification to recommend continued exploration on the Armamar – Meda concession.”

Armamar – Meda Concession Tabuaço Tungsten Project – Drill Results Drilling recently initiated by Colt on the São Pedro das Águias Zone to confirm and expand on historical resource of ~1.0 million tonnes grading 0.87% WO3* has returned the following results to date:

Hole DHT-01B (press release January 20, 2010)

Hole DHT-02 (press release February 3, 2010)

4.75 m grading 0.52% WO3;

18.80 m grading 0.73% WO3;

includes 2.10 m grading 1.01% WO3

includes 13.77 m grading 0.84% WO3, which includes:

3.00 m grading 1.14% WO3 and 6.32 m grading 0.99% WO3.

13.60 m grading 0.93% WO3

includes 10.35 m grading 1.17% WO3, which includes:

5.0 m grading 1.44% WO3

Why Colt Resources Inc.? Uniquely poised to take advantage of the strong anticipated movement in junior gold and mineral exploration stock prices Colt Resources has a:

Solid, experienced management team,

Large land package of very promising primarily gold and tungsten properties that remain largely unexplored or under-explored,

Gold project with significant high grade intervals and extensive unexplored gold-in-soil anomalies,

High grade tungsten prospect with a considerable historical resource and Colt plans to quickly bring this project to the resource calculation stage,

Large concession within the prolific Iberian Pyrite Belt, a geological environment that has potential for world-class base metal deposits,

Package of properties located in a stable and mining-friendly country, with easy access and excellent infrastructure and a solid hard-working culture.

Visit us at: www.coltresources.com

Santa Margarida do Sado (Southern Portugal)

Targeting Volcanogenic Massive Sulphide (VMS) deposits: copper, lead, zinc, silver and gold.

Known geophysical anomalies have not been fully tested; very limited drilling.

Excellent infrastructure.

Located within the Iberian Pyrite Belt (IPB), a geological environment known for world-class VMS deposits (see following table).

Concession adjacent to three known VMS deposits: o Lagoa Salgada: 2 MT @ 0.36% Cu, 4.44% Pb,

5.03% Zn, 1.19 g/t Au and 74 g/t Ag o Lousal (mine closed): 6 MT @ 0.7% Cu, 0.8%

Pb, 1.4% Zn, 1 g/t Au and 20 g/t Ag o Caveira : exploited during Roman times