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Press release from Marketwire

Colossus Minerals Announces Initial Semi-Annual Note Interest Payment

Friday, December 16, 2011

Colossus Minerals Announces Initial Semi-Annual Note Interest Payment15:57 EST Friday, December 16, 2011TORONTO, ONTARIO--(Marketwire - Dec. 16, 2011) -Colossus Minerals Inc. (TSX:CSI)(CUSIP:91681L109) announces that it will be paying the initial semi-annual interest payment of $13.068 per $1,000 Note. The payment will be made to noteholders of record at the close of business on December 30, 2011 and will be payable on January 3, 2012.FOR FURTHER INFORMATION PLEASE CONTACT: Ann WilkinsonColossus Minerals Inc.VP, Investor Relations(416) 643-7655awilkinson@colossusminerals.comwww.colossusminerals.com