csi corporate presentation november update final

Serra Pelada Building Brazil’s Next Gold Mine

Forward Looking Statements

Forward-looking statements in this presentation include statements regarding the timing and nature of future exploration and development programs that are dependent on projections that may change as drilling continues, or if unexpected ground conditions are encountered. The Company does not currently have any mineral properties that are in production or that contain a reserve as defined by National Instrument 43-101. In addition, areas of exploration potential are identified which will require additional drilling to determine whether or not they contain similar mineralization to areas that have been explored in more detail. Significant additional drilling is required at Serra Pelada to fully understand system size. Certain information contained in this presentation, including any information relating to Colossus Minerals Inc.’s (“Colossus” or the “Company”) future financial or operating performance may be deemed “forward-looking”. All statements in this presentation, other than statements of historical fact, that address events or developments that Colossus expects to occur, are “forward- looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond the Company’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause Colossus’ actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: price levels and volatility in the spot and forward markets for commodities; the uncertainties inherent to current and future legal challenges Colossus is or may become a party to; controls, regulations and political or economic developments in the countries in which the Company does or may carry on business; changes in national and local government legislation in Canada, Brazil or any other country in which Colossus currently does or may in the future carry on business; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction that Colossus operates; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States and Brazil; significant capital requirements; impact of any hedging activities; taxation; additional funding requirements; loss of key employees; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; and competition. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding as well as other risks discussed under the heading “Risks Factors” included in Colossus’ latest Annual Information Form filed at www.sedar.com. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this presentation are qualified by these cautionary statements. Colossus expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. The scientific and technical information in this presentation has been reviewed by David Anthony, President and Chief Operating Officer of Colossus Minerals Inc. and Qualified Person for the project.

November 14, 2013 2

http://www.sedar.com/

Serra Pelada

• Develop the Serra Pelada Mine in a cost-effective, sustainable and safe manner

• Provide leading cash flow per share, earnings per share and dividend yield to investors

• Deliver low cost, high margin growth from organic sources

THE VISION

November 14, 2013 3

Serra Pelada 2013 and 2014 OBJECTIVES

Objective Target

Complete process plant commissioning First quarter 2014

Process bulk sample Second quarter 2014

Publish NI 43-101 Second quarter 2014

Initial production Second quarter 2014

Design & engineer flotation plant Fourth quarter 2013

Complete PGM flotation plant Fourth quarter 2014

November 14, 2013 4

Capital Structure AS AT SEPTEMBER 30, 2013 EXCEPT WHERE OTHERWISE NOTED

All dollar amounts $CDN, unless noted Current Position

Shares outstanding - basic 175.5 million

Shares outstanding - fully diluted 214.8 million

Market capitalization (11/11/13) C$73.7 million

Share price (11/11/13) C$0.42

52-week range C$0.335 – C$5.20

Insider ownership* (approximate) 17%

Institutional ownership* (approximate) 44%

Options & Warrants (5.175 million - CSI.WT.A – Exp. Nov 8/16 ) (25.3 million – CSI.WT.B – Exp. Aug 13/15)

39.3 million

Cash balance (September 30/13) US$19.0 million

Gold-linked Note – CSI.NT - Matures Dec 31/16 C$86.25 million

Precious metals sale (35% Pt and Pd, 1.5% Au) US$75 million

Major Shareholders

Arias Resources, Van Eck, Sprott Asset Management, Franklin Advisers, Fidelity, BC Investment, Franklin Templeton, MFS, Manulife, Front Street *Shares held by Arias Resources included in total as Alberto Arias is a director of CSI

November 14, 2013 5

Focused on Brazil

• Resource-rich country

• Pro-mining government

• World’s 6th largest economy by GDP and largest in South America

• Real GDP growth of 2.2% forecast in 2013

• Inflation estimated at 4.5% and stable monetary policy

November 14, 2013 6

Serra Pelada

• Prolific Carajas region

• Major deposits of iron ore, copper-gold, manganese

• Robust infrastructure with access to roads, power, water and skilled labour

• Vale S.A. investing billions of dollars over the next decade in the region

LOCATION AND INFRASTRUCTURE

November 14, 2013 7

Serra Pelada LAND AND PERMITS

• Preliminary Environmental License – issued March 2010 • Precedes balance of permits –

issued by COEMA

• Installation License – issued April 2010 • Para State environmental council

• Mining License – issued May 2010 • Ministry of Mines and Energy

Permits

Land Package • 874 hectare property

• Ownership Structure: Colossus 75% Coomigasp 25%

November 14, 2013 8

High Grade Deposit GRADE VARIABILITY

November 14, 2013 9

High Grade Deposit GRADE VARIABILITY

November 14, 2013 10

Underground Drilling DEFINING AND DELINEATING THE CMZ

• Exploration and definition underground drilling commenced in Dec 2011

• Bulk sample, being extracted from CMZ, will be processed at site

• Initial NI 43-101 resource estimate will be published

• The drill spacing for this resource statement will be as tight as possible (5 to 10 metre centres)

• As decline and underground development advances, so will the pace of drilling


Serra Pelada DEVELOPMENT TIMELINE

2010 2011 2012 2013 2014

Exploration

Permitting

Construction

Underground Development

NI 43-101 Resource

Initial Production

Ramp up to 1000 tpd

Design & Engineer Flotation Plant

Complete PGM Flotation Plant


Process Plant SIMPLIFIED FLOWSHEET


Process Plant DESIGN OVERVIEW

Gold Room

Scrubbing, Screening and

Reagents

Primary Crushing Ball Mill and Gravity

Concentrators


Overview


Tipping Ramp


Primary Crushing


FINAL GRADES & SHEETING - CONVEYOR 200-TC-01


Primary Crushing, Scrubbing & Screening

Reagent Building AREA OVERVIEW


Reagent Building


Grinding Building


Tailings Thickener


Gold Room


Master Control Centre HARDSCAPE AROUND MCC COMPLETE


Tailings Dam


1 – Spillway & Diversion Channel discharge 4 – Preparation of engineered fill;

2 – Compaction of engineered fill; 5 – Dumping & spreading fill;

3 – Placement of Vertical Filter; 6 – Drainage control on downstream slope

Development Decline


Mining Method UNDERHAND CUT & FILL

• Underhand Cut & Fill mining method for 100% extraction of the ore

• Work from top of the orebody down

excavating under cemented rock fill • Used in a number of high-grade gold

mines including Goldcorp’s Red Lake Mine, Barrick’s Miekle Mine, Turquoise Ridge Mine, former Eskay Creek Mine and Newcrest Kencana Mine

• Trucks to haul ore to surface via the decline

• Target a 1,000 TPD mining rate


Underground PUMP STATION UPGRADE


Underground GROUND SUPPORT – LATTICE ARCHES


Underground GROUND SUPPORT


Surface DEWATERING WELL


Ventilation Shaft


Production Schedule Development Advance

Serra Pelada


• Nov 2013 – Decline, Remuck and Vent Access • Dec 2013 – Decline, Sump, Ore Access x4 started, Vent Access

complete to Hor1 and Hor2 • Jan 2014– Decline, Ore Access x 4 started – to Hor1, Hor2, Hor3

Production Schedule Development Advance

Serra Pelada


Feb 2014 – Decline, Ore Access advance x 4 headings Mar 2014 – Decline and Ore Access x 5 headings Apr 2014 – Advance access and ore production. Decline continues

Sierra Pelada

Cutia

Cutia Project

• 75% ownership interest purchased from COOMIC for R$3.6 million (~USD $2.0 million) payable in installments upon satisfaction of certain milestones.

• 633 hectares, 13 km SE of Serra Pelada, accessed by same road

• 3 metre thick quartz veins outcropping on surface

• ~ 65,000 ounces produced by artisanal miners between 1988 and 1992


Please refer to News Release Issued January 16, 2012 and July 8, 2013 for complete NI 43-101 compliant disclosures..

Cutia Project DRILLING COMMENCED


• Initially believed that Cutia showings were orogenic gold type deposit

• Once drilling began, became clear that system shares more characteristics with an IOCG type deposit than with an orogenic gold type deposit.

Please refer to News Release Issued January 16, 2012 and July 8, 2013 for complete NI 43-101 compliant disclosures..

Serra Pelada A COMPELLING INVESTMENT

• Gold & PGM drill grades at Serra Pelada are among the highest on record

• Potential low cost emerging producer

• Project is permitted and construction of process plant almost complete

• 110,000 metres drilled, significant exploration upside


TSX: CSI www.colossusminerals.com

OTCQX: COLUF

Colossus Minerals Inc. 1 University Avenue, Suite 401

Toronto, ON M5J 2P1

Ann Wilkinson Vice President, Investor Relations

416.643.7655 [email protected] www.colossusminerals.com


APPENDICES


Community

• Striving to build a stronger community – community

based projects • Hiring locally is a priority • Education and training • Community donations (ambulance and police

vehicles) • Health and dental services • Children’s programs (sports teams, first aid training,

social events)


Community Programs


Community based projects Health Donation of ambulance and police vehicles Vaccination programs

Public security and police training Medical and dental services

School renovation

Hospital renovation

Municipal stadium renovation

Municipal theatre renovation

Installation of a community centre focused on worker training and qualifications, income generation programs, computer training and environmental education

Community Programs

Children

• Soccer school

• Sporting events

• Social events

• Visual arts workshops

• Reading programs

Education and training programs

• Literacy programs

• First aid and safety training

• Serra Pelada Capoeira school for children, teenagers, youth and adults


Area A PAYMENT STRUCTURE

Range of production (millions of ounces of

metal)

Royalty as a percentage of gold price on precious

metal sold* From To

--- 2.03 ~ 2.1%

2.03 4.79 ~ 1.4%

4.79+ --- ~ 1.3%

Colossus must pay COOMIGASP R$350,000 (US$155,555**) per month as a prepayment on the royalty noted above and payments cease when production begins.

In addition Colossus will finance their portion of CAPEX (25%). * Precious metal is defined as any one of gold, platinum, palladium, rhodium, osmium, ruthenium or iridium ** Basis 2.25 R$ per US$ (8/31/13)


Area B PAYMENT STRUCTURE

• COOMIGASP paid R$8 million (US$4.5 million*)

• Will pay COOMIGASP a royalty payment of 0.4326% of gold price of precious metals sold**

• Exercised option on Vale agreement Mar 18/13

• Vale has 45 days to request additional documents to support US$5 million spent over 3 years

• Assignment of mining rights expected to occur 30 days after Vale is satisfied requirements met.

• Pay Vale a fee of US$35/oz of gold, platinum, palladium based on the reserve estimate.

700 – Hectare Land Tenement

*Calculated at historical exchange rates. **Precious metal is defined as any one of gold, platinum, palladium, rhodium, osmium, ruthenium or iridium.


Area C PAYMENT STRUCTURE

• Have paid COOMIGASP R$4 million (US $2.2 million*)

• Will pay COOMIGASP a royalty of 2.0908% of gold price on precious metals sold**

*Calculated at historical exchange rates. **Precious metal is defined as any one of gold, platinum, palladium, rhodium, osmium, ruthenium or iridium

Consideration

74 - Hectare Land Tenement


Warrants and Options AS AT NOVEMBER 14, 2013

Warrant price # of warrants Expiry

$8.50 5,175,000 Nov 8, 2016

$0.90 25,300,000 Aug 13, 2015

Range Options Outstanding

Options Exercisable

$0.48CAD - $1.50CAD

915,000 341,250

$1.51CAD - $3.00CAD 587,500 198,750

$3.01CAD - $4.50CAD 2,411,250 1,966,250

$4.51CAD - $6.00CAD 2,235,000 1,662,500

$6.01CAD - $8.37CAD 2,860,000 2,860,000

TOTAL: 9,008,750 7,028,750


Senior Management

David Massola, Interim CEO & CFO

• 30 years experience in the mining industry • Previously President & CEO of Continental Nickel Limited from 2011 until it was acquired in 2012. Served as CFO and SVP of Globestar

Mining Corp. from 2006 until it was acquired in 2011. Prior to joining GlobeStar, served as CFO and VP of De Beers Canada, Inc. from 2001 to 2006. Responsible for arranging debt facilities and implementation of all accounting systems and financial controls for the Victor and Snap Lake mines. Prior to joining De Beers, spent 20 years at BHP-Billiton where roles included VP of Finance at BHP Diamonds Inc. where responsible for all financial aspects of the Ekati Diamond Mine from the construction period through commercial production.

• Mr. Massola holds a BSc degree in Accounting from the University of California.

David Anthony President & COO Qualified Person under NI 43-101

• Previously Senior Vice President, Mining of Forbes & Manhattan • Previously worked for Kinross, as the Project Director, responsible for execution of the Fruta del Norte Project and held Senior positions

at Barrick Gold in Tanzania responsible for the development of the Bulyanhulu, Buzwagi and Tulawaka mines

Graham Long VP, Exploration Qualified Person under NI 43-101

• Over 25 years’ experience in the mining industry, spent the majority of his career with Agnico-Eagle Mines where he held progressively changing roles from exploration geologist to Exploration Manager for Canada.

• Mr. Long has a broad range of mining experience having worked in several operating mines both underground and open-pit as well as experiencing the discovery of a gold deposit and seeing it through to production.

Greg Ho Yuen VP, Legal & Corporate Secretary

• 20 years experience practicing law. • Formerly, a Partner in the Global Mining Group at Fasken Martineau DuMoulin LLP with an emphasis on corporate finance, mergers &

acquisitions and mining law. • Advisor on Canadian securities laws (including NI 43-101 issues, continuous disclosure and corporate governance) representing

domestic and international mining clients in the negotiation of earn-in and joint venture agreements, as well as the financing of their exploration and development projects.

• Formerly director of the Prospectors and Developers Association of Canada and former co-Chair of its Securities Committee. • Member of the Canadian Institute of Mining Metallurgy and Petroleum and the Rocky Mountain Mineral Law Foundation.

Jason Brooks VP, Finance

• More than 10 years of finance and accounting experience in the mining industry. He most recently served as Assistant Controller of NewGold Inc., an intermediate gold producer. Previously, he spent six years with Barrick Gold Corporation in various financial management positions. Prior to joining Barrick, he spent five years at BDO Dunwoody LLP, a public accounting firm.

Ann Wilkinson VP, Investor Relations

• 20 years in the mining industry in investor relations and other management roles. Prior to joining Colossus, served as Vice President, Investor Relations of Breakwater Resources Ltd. Prior to Breakwater she held a number of roles with several capital market firms and a couple of junior gold exploration companies.


Board of Directors

John Frostiak, P.Eng Chairman Qualified Person under NI 43-101

• Over 35 years experience in the mining industry. Managed Metallurgy and Process Development for Barrick Gold Corp. • Lead developer of both Pierina Mine and Bulyanhulu Mine for Barrick

J. Alberto Arias, MBA • Founder, General Partner and Portfolio Manager of Arias Resource Capital Management LP • Previously Managing Director of Goldman Sachs – Metals & Mining Research from 1998 to 2006, • Mr. Arias has engineering degrees in mining and metallurgy and an MBA (B.Sc. from the Colorado School of Mines and three

Masters degrees from Columbia University), mining industry operational experience, and holds a patent for a gold mineral processing technology.

Greg Hall Qualified Person under NI 43-101

• Over 40 years experience in the mining industry. Chief geologist world-wide of Placer Dome until the Barrick takeover • Credited discoveries include Granny Smith Mine (Barrick), Yandi Mine (Rio Tinto)

Douglas Reeson, MBA

• Current CEO of Gossan Resources Limited and a director of Lithium Americas Corp., Mega Uranium Ltd. and Soltoro Ltd.


Analyst Coverage

Research Firm Analyst Latest Coverage Target/Rating

Canaccord Genuity Nicholas Campbell November 2013 $0.60 – Hold

Clarus Securities Jamie Spratt September 2013 $0.95 – Sell

Dundee Securities Joseph Fazzini October 2013 $0.50 – Sell

GMP Securities George Albino September 2013 $3.25 – Buy


NOTES


csi corporate presentation november update final

Business

forwardlooking statements

cautionary statements

statements of historical

future events

colossus actual results

future performance

nature of future exploration

future carry