Colossus Minerals Names David Massola as New Chief Financial Officer

Colossus Minerals Names David Massola as New Chief Financial Officer 
TORONTO, ONTARIO -- (Marketwired) -- 10/16/13 -- Colossus Minerals
Inc. (the "Company" or "Colossus") (TSX:CSI)(OTCQX:COLUF) today
announced that David Massola has been appointed the Company's Chief
Financial Officer and Executive Vice President effective October 21,
Mr. Massola has over 30 years of experience in the mining industry
and has held a broad range of executive and management positions in
Canada, Chile and the United States. Mr. Massola was President and
Chief Executive Officer of Continental Nickel Limited from 2011 until
it was acquired by IMX Resources Limited in 2012. Mr. Massola served
as Chief Financial Officer and Senior Vice President of Globestar
Mining Corp. from 2006 until it was acquired by Perilya Limited in
2011. Prior to joining GlobeStar, Mr. Massola served as Chief
Financial Officer and Vice President of De Beers Canada, Inc. from
2001 to 2006, where his responsibilities included arranging debt
facilities and the implementation of all accounting systems and
financial controls for the Victor and Snap Lake mines. Prior to
joining De Beers, Mr. Massola spent 20 years at BHP-Billiton where
his roles included the position of Vice President of Finance at BHP
Diamonds Inc. where he was 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.  
Mr. Massola succeeds Alden Greenhouse who will be leaving the Company
to pursue other opportunities. Mr. Greenhouse will remain with the
Company to assist Mr. Massola during a brief transition period.
Colossus wishes to thank Mr. Greenhouse for his service and
contributions to the Company. 
Colossus also announced that Gregory Ho Yuen has been appointed the
Company's Vice President, Legal and Corporate Secretary.  
About Colossus: 
Colossus is a development-stage mining company focused on bringing
its 75% owned Serra Pelada gold-platinum-palladium Mine into
production. The Serra Pelada Mine is a joint venture between Colossus
and COOMIGASP located in the State of Para, Brazil. Serra Pelada,
located in the mineral prolific Carajas region in the State of Para,
is host to one of the highest grade gold and platinum group metals
deposits in the world. Between 1980 and 1986 Serra Pelada was host to
the largest precious metals rush in Latin American history. Colossus
Minerals Common Shares, warrants and notes trade on the Toronto Stock
Exchange (TSX) under the symbols CSI, CSI.WT.A, CSI.WT.B and CSI.NT
respectively and in the United States its Common Shares trade on the
OTCQX under the symbol COLUF. The Company is headquartered in
Toronto, Canada.
Colossus Minerals Inc.
Ann Wilkinson
VP, Investor Relations
(416) 643-7655
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