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Press release from Business Wire

Colossus Minerals Selects Mincom's Leading Solution for Enterprise Asset Management

<p> <i>Pre-production gold mining company underpins mission-critical operations of Brazilian exploratory project with Mincom Ellipse</i> </p>

Tuesday, June 29, 2010

Colossus Minerals Selects Mincom's Leading Solution for Enterprise Asset Management09:00 EDT Tuesday, June 29, 2010 DENVER (Business Wire) -- Mincom, a leading global provider of software and services for asset-intensive industries, today announced a new agreement with Colossus Minerals Inc. (TSX:CSI), a development-stage mining company with an exploratory gold and platinum project in Brazil. Under the agreement, Colossus has licensed the Mincom Ellipse solution for Enterprise Asset Management (EAM) and Enterprise Resource Planning (ERP) to maximize operational efficiency during the exploratory stage of its flagship Serra Pelada mining project. In addition to Mincom Ellipse, Colossus has licensed Mincom LinkOne, a graphical content-delivery solution providing maintenance workers with timely and accurate parts information to help reduce equipment downtime and improve maintenance efficiency. To quickly achieve return on investment, the company will implement Mincom Ellipse leveraging the on-demand delivery model and other support services provided by Mincom. Mincom's managed-services offering can help companies decrease total cost of ownership by speeding time to deployment and reducing IT overhead, and achieve faster time-to-results while minimizing risk. Mincom offers customers a fully managed solution over their entire project lifecycle, implemented either on-premise or fully hosted from Mincom's data center to support the unique requirements of remote mining operations. “To support the development and growth of the Serra Pelada mining project in Brazil, a robust and auditable enterprise solution – with a strong maintenance-planning module developed for the mining industry – was required. Colossus believes that Mincom Ellipse is the solution,” said Steve Poad, chief financial officer, Colossus Minerals Inc. Taking a phased approach to implementation, Colossus will initially deploy Mincom applications for finance, as well as maintenance and materials management. With Mincom Ellipse, mining companies such as Colossus can manage the complete asset lifecycle of their capital equipment, maximizing productivity and minimizing downtime. They can also significantly reduce working capital by optimizing inventory levels, thereby improving supplier management and streamlining procurement processes. “With 30 years of experience in asset-intensive industries, Mincom is the only solutions provider that can help mining companies achieve true ‘return on assets' – delivering a solution built around their unique business needs to effectively plan, measure, monitor and improve asset performance,” said Craig Jones, executive vice president, global field operations at Mincom. “And with our managed-services offering, early-stage companies such as Colossus can leverage Mincom's proven solutions and best practices with faster time-to-results, fewer costs and increased flexibility to scale as needed. We're pleased we can offer a turnkey solution to help Colossus advance toward full-scale development and its goal of becoming Brazil's next major precious-metals producer.” Mincom Ellipse is a fully integrated and mobile-enabled suite of business-critical applications for asset-intensive industries, such as mining, defense, energy, public infrastructure and transit. It improves return on assets and workforce productivity, while also addressing the challenges inherent in remote and geographically dispersed operations that distinguish asset-heavy industries from corporate-office environments. Mincom LinkOne is a graphical content delivery solution that provides correct and timely part information to maintenance staff, thereby reducing equipment downtime and improving maintenance efficiency. A world leader in graphical content management and distribution, Mincom LinkOne has the unmatched power to link graphics with parts lists and rich text to easily produce graphically supported electronic catalogs and maintenance manuals. Colossus is a minerals development company focused on the Serra Pelada high‐grade gold‐platinum‐palladium project in Para State of Brazil. Between 1980 and 1986, Serra Pelada was host to the largest precious metals rush in Latin American history. For more information, visit www.colossusminerals.com About Mincom Mincom Pty Ltd is a global software and services provider with nearly 30 years of experience in providing business solutions to companies in asset-intensive industries, such as mining, defense, energy and public infrastructure, in more than 40 countries around the world. Mincom customers include Anglo American, Thales, Rio Tinto, BHP Billiton, Boeing, National Grid, London Underground, Xstrata Copper, Western Power, QBuild, BNSF Railway, EDF Energy, Caterpillar and Ecopetrol. Mincom Inc. operates in North America and is a subsidiary of Mincom Pty Ltd. Mincom is owned by Francisco Partners.