TSX-V: GTP FRANKFURT: P01 OTCQX: COLTF

April, 2011

Developing Europes Next Gold and Tungsten Mines

An experienced and dynamic management team A significant land package - currently the second largest holder of mineral rights in Portugal Potential to become a producer within two years
PROJECTS Montemor Gold Project
Boa F Mining license area under application* Montemor Exploration Concession **

COMMODITY Gold Gold Gold Tungsten & Gold Tungsten & Gold Cu Pb Zn (Ag, Au) VMS deposits

AREA 46.80km 2 736.11 km 2 102.00 km2 218.00 km2 566.00 km2 360.00 km2

Penedono Armamar - Meda (Tabuaco) Moimenta - Almendra Santa Margarida do Sado

* Under Letter of Agreement /Boa F Mining license Under Application ** Exploration Concession Under Application

Total Area ~ 2,028.91km2

MONTEMOR PROJECT
ADVANCED STAGE GOLD PROJECT
Montemor gold project is at an advanced development stage with

SRK CONSULTING PRODUCED NI43-101 REPORT (March 4, 2011)

The Montemor exploration concession is a prospective are containing

potential for near term production

Located 100 km east of Lisbon Near surface gold deposits located along a major shear zone: > 30 km

historical resource estimates that range from >150koz to 550koz Au, as defined over the period 1991-2008, comprising five separate deposits.
The potential exists to expand this historical resource to a range of

long
Historical work includes over 500 trenches and over 1,000 drill holes

8-12Mt, grading an average of 2.5-3.0 g/t Au grade above potentially economic cut-off, contained in a series of small open pit and underground deposits.
The current license area (Boa F experimental mining license, or Boa

F license area) encompasses 46.8km2 ,with an additional 732.611km2 of exploration concession (Montemor exploration concession) staked surrounding the Boa F license area. Both licenses are currently in the approval process by the Portuguese mining authorities.
Initial metallurgical testwork has demonstrated that gold is readily

recoverable from Montemor mineralized material using a combination of gravity, flotation and cyanidation technologies.
The much larger exploration concession currently under application

appears to hold significant potential, given the postulated extension of the currently defined Boa F shear zone in the experimental mining license area.

WHY PORTUGAL?
Mining friendly country with exceptional mineral potential: Available, experienced labour force Excellent government relationships at all levels Access to European Union and Portuguese Government

remains largely overlooked and underexplored

Well-developed modern infrastructure; properties are close to roads,

water, power and port facilities

Properties are accessible year round

financial incentive programs

A GOLD COMPANY CREAT ED BY INVESTORS FOR INVESTORS

Why Tungsten? Harvesting the Value of Our Tungsten and Base Metal Assets
ARMAMAR MEDA CONCESSION
Tabuao Tungsten Project
Definition drilling stage tungsten project with near term resource

HIGHLIGHTS OF 9 HOLE DRILL PROGRAM 2010

estimate and feasibility study status. Historical resource of ~1 million tonnes grading 0.87% WO3*(not NI 43-101 compliant) Initial metallurgical testing results indicate high sheelite recovery of over 90% can be achieved by centrifugal gravity separation and tabling into ~30% of mass. Sulphides not exceeding trace amounts.
(Press Release March 2, 2011)

NEAR TERM OUTLOOK

15 hole definition drilling program currently underway Initial NI 43-101 Resource Estimate planned by Q3 2011 Project being fast tracked towards Pre-Feasibility

SANTA MARGARIDA DO SADO BASE METALS PROJECT

Large concession within the prolific Iberian Pyrite Belt, geological environment that has high potential for world-class base metal deposits; Targeting VMS deposits: copper, lead, zinc, silver and gold. Completed historical works include various geochemical, geophysical and geological surveys.
At Santa Margarida do Sado, levelling and reinterpretation of available historical gravity data by Dennis Woods of Discovery Geophysics has helped redefine nine known gravity targets and has identified four new gravity targets. These thirteen gravity anomalies remain for the most part unexplained and largely or completely untested. (NI 43-101 Jim Cuttle, 2011)

PENEDONO GOLD PROJECT

Intrusion Related Gold Deposit model similar to Alaska and Yukon 16 km long belt of widespread areas and clusters of goldbearing quartz vein systems Potential for deposits of underground high-grade gold veins and open-pit lower-grade gold zones Historic gold mine at Santo Antonio: mined by the Romans at surface; mined underground in the 1950s, when gold was fixed at US $35 /oz, minimal modern exploration Large gold-in-soil anomalies remain untested and vast areas have not been covered by soil surveys

SHARE STRUCTURE** Outstanding: Fully diluted: Current share price: 52-week high-low: Market capitalization: Average exercise price of warrants & options:
**As of April 5, 2011

TSX-V: GTP FRANKFURT: P01 OTCQX International: COLTF

54.5 million 93.3 million $0.80 $0.96 $0.20 43.6 million $0.35 per share

Significant Management Ownership and Strong Shareholder Base

MANAGEMENT 7% HNW (EUROPEAN) 25% HNW (NON-EUROPEAN) 10% INSTITUTIONAL 25% EUROPEAN RETAIL 23% NON-EUROPEAN RETAIL 10%

DIRECTORS AND OFFICERS

Nikolas Perrault, CFA Chairman, President and CEO Declan Costelloe, Executive VP and COO Aurelio Useche, CMA Director & Chief Financial Officer Joao Carlos de Sousa, VP Operations Portugal David Johnson, General Counsel. Corporate Secretary

DIRECTORS
Nikolas Perrault, Montreal Jean Depatie, Montreal Declan Costelloe, Denver James Ladner, Zurich Aurelio Useche, Montreal Donald J.P. Ziraldo, Toronto David Johnson, Montreal

ADVISORY BOARD
Kevin Ernst, New York John D. Redfern, Montreal Todd C. Hennis, Denver Wayne Murton, Vancouver

EUROCOLT RESOURCES LDA.

(The wholly owned subsidiary of COLT in Portugal) Jorge Valente, President and CEO

TECHNICAL ADVISOR
SRK Consulting Technical Advisors, Independent

CONTACT INFORMATION

Helen Bilhete,
Director, Investor Relations

Phone (514) 317-6301 Fax (514) 317-6302

info@coltresources.com www.coltresources.com