Colossus Minerals Inc COLUF

RE: Permits, Approvals, etc.

[opeechee8]

Very good point Bookerel, I agree with you that there will be no assay results until the land deal is finalized next month.  Also I am glad to see so much volume on Friday, seems to me that it would be better to release a good NR at the beginning of the week and let it run all week.  The Installation License is just around the corner.  I am sure we will read about it when the Coomigasp website is back online. opeechee8


TORONTO, ONTARIO--(Marketwire - March 30, 2010) - Colossus Minerals Inc. ("Colossus") (TSX:CSI) is pleased to announce that its joint venture partner, COOMIGASP (Cooperativa de Mineração dos Garimpeiros de Serra Pelada) has signed an option agreement with Vale SA ("Vale Option Agreement") to acquire a 100% interest in a 700 hectare land package ("Area B") contiguous to the existing 100 hectare Serra Pelada Project ("Area A") currently being developed by Colossus and COOMIGASP. In turn, Colossus through its Brazilian subsidiary ("Colossus Brazil") has signed an agreement with COOMIGASP ("CC Agreement") covering the transfer of the Vale Option Agreement into Serra Pelada Companhia de Desenvolvimento Mineral ("SPC"), a Colossus/COOMIGASP joint venture company, as well as the transfer to SPC of an approximate 74-hectare tenement currently owned 100% by COOMIGASP ("Area C"). Both the Vale Option Agreement and the CC Agreement are conditional on COOMIGASP acquiring shareholder approval.

I do believe that the Installation License is also called the Construction License. opeechee8



March 9, 2010

...The License contains all of the conditions for issuance of the balance of the environmental permits required for the Serra Pelada Project, namely an Installation License for construction and an Operating License for operating activities. These conditions were specified in COEMA's meeting held on February 26, 2010 and were all consistent with the Environmental Impact Statement filed by SPC when it applied for the License. The approval follows an extensive technical review and public hearing process conducted by the Para State Environmental Control Secretariat. Throughout this process the Serra Pelada Project was overwhelmingly supported by local communities.