Colt Announces Significant Changes in IR and Marketing Strategy

Colt Announces Significant Changes in IR and Marketing Strategy

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Colt Announces Significant Changes in IR and Marketing Strategy

PR Newswire

MONTREAL, March 18, 2013

Trading Symbols:



GTP - (TSX-V)



COLTF - (OTCQX)



P01 - (FRANKFURT)

MONTREAL, March 18, 2013 /PRNewswire/ - Colt Resources Inc. ("Colt" or
the "Company") (TSXV: GTP) (OTCQX: COLTF) (FRA: P01) announces today a
new global Investor Relations and Marketing initiative designed to
communicate more broadly and effectively the significant milestones
recently achieved by the Company, which have resulted in establishing
Colt as a leader in one of Europe's emerging mineral resource markets
for gold and tungsten, Portugal.

"The Company has made the decision to immediately terminate all of its
current North-American IR and communications relationships and has
entered into a comprehensive agreement with Cooper Global
Communications, LLC, ("CGC") a New York-based leader in global IR and
communication services. The agreement is subject to TSX Venture
Exchange approval. This change will provide Colt the opportunity to
ensure that its message is more broadly conveyed to financial
professionals on a world-wide basis with a principle objective of
enhancing shareholder liquidity. Management will actively commit its
availability to working with Cooper Global in implementing this
re-launching of our IR and Marketing initiatives stated Nikolas
Perrault, President and CEO."

In addition to the objectives stated above, this strategic change in
Colt's IR and Marketing programs will result in significant cost
savings to the Company. In consideration of the services to be
provided, the Company has an agreement with CGC that commencing in
March, 2013 the Company will pay CGC a monthly retainer of $15,000 USD
for fifteen months, which may be cancelled after every 90 days with a
10-day notice.

About Cooper Global Communications, LLC


Cooper Global Communications is a boutique investor relations firm
dedicated to providing high quality "hands-on" investor relations and
media assistance provided by a highly-seasoned team of financial
professionals. CGC was founded by Richard Cooper, a highly-respected
Wall Street veteran with over three decades of experience in the
investor relations industry and as a senior banker at Salomon Brothers
Inc. Since its origins in 1990, CGC has achieved unparalleled success
with over 250 private and public companies in the U.S. and global
markets. CGC does not have any interest, directly or indirectly, in
Colt Resources Inc. or its securities.

About Colt Resources Inc.


Colt Resources Inc. is a Canadian development company engaged in
acquiring, exploring, and developing mineral properties with an
emphasis on gold and tungsten. It is currently focused on advanced
stage exploration and development projects in Portugal, where it is one
of the largest lease holders of mineral concessions in gold and the
largest in tungsten.

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

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 annual information form 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.