Colossus Minerals Inc. Clarifies Events at Serra Pelada

Toronto, Canada, August 26, 2013 - Colossus Minerals Inc. (TSX:CSI)(OTCQX:COLUF) (the “Company” or “Colossus”) recently became aware that a protest was being organized at the Company’s property for Sunday, August 25th, 2013. The protest was organized by a group that is vying for control of Cooperativa de Mineração dos Garimpeiros de Serra Pelada (“COOMIGASP”) but who are not recognized by the courts of the State of Pará, Brazil as being the legitimate leaders of the cooperative. The Company took the appropriate preventative steps with Brazilian authorities to ensure the safety of its employees and security of the mine. Public forces were deployed and they prevented the attempted protest from reaching the mine gates. There have been no reports of injury, no damage was sustained and development work was unaffected. The majority of the protesters came from outside the Village of Serra Pelada and community leaders voiced their opposition to the attempted protest.

Claudio Mancuso, Chief Executive Officer commented, “Police responded quickly against this attempted protest. We would like to thank the State of Pará for providing a rapid response to protect residents of the Village of Serra Pelada and Colossus employees. We are confident that the legal and judicial system in Brazil will do everything possible to bring the people responsible for these actions to justice.”

The Company will provide further updates if warranted.