Colt Resources appoints Arthur Lipper as Special Advisor to the Board

MONTREAL, June 30, 2011 /CNW/ -- 

Trading Symbols:  GTP - (TSX-V)
                  P01 - (FRANKFURT)
                  COLTF - (OTCQX)

MONTREAL, June 30, 2011 /CNW Telbec/ - Colt Resources Inc. ('Colt' or
the 'Company') (TSXV: GTP) (FRA: P01) (OTCQX: COLTF) announced today
that Arthur Lipper has become a Special Advisor to the Colt Resources
Board of Directors.

'We are very pleased and honored that Arthur has decided to throw his
support behind Colt. I am personally looking forward to working with
him and to be able to benefit from the wisdom and experience he brings
to us from such a distinguished career.' stated Nikolas Perrault, CEO
of Colt Resources.

Mr. Lipper has had broad experience as an investment banker, financier,
corporate advisor, author, inventor and lecturer. He has served on the
boards of both privately owned and publicly traded companies. He has
founded co-founded and chaired two institutional New York Stock
Exchange member firms which have held memberships in many other stock
and commodities futures exchanges. He has been an advisor to a U.S.
futures exchange and a Middle Eastern stock exchange.

His board memberships and advisory positions have included; oil and gas
exploration and production companies, a gold mine holding company and a
broad range of industrial, high tech and communications companies.

He has authored 5 books on the subject of entrepreneurship and financing
companies. He has been responsible for financial industry innovations
including; mutual fund performance measurement and reporting,
institutional stock loans services, stock index funds and stock index
futures. In 2011, he was awarded U.S. patents covering a means of using
royalties in the financing of companies and projects and also one
relating to a unique approach to investment portfolio monitoring and
management.

Mr. Lipper and Anni, his wife of 49 years, live in Del Mar, California.

About Colt Resources Inc.

Colt Resources Inc. is a Canadian junior exploration company engaged in
acquiring, exploring, and developing mineral properties with an
emphasis on gold and tungsten. It is currently focused on advanced
stage exploration projects in Portugal, where it is the second largest
lease holder of mineral concessions.

The Company's shares trade on the TSX‐V, symbol: GTP; the Frankfurt
Stock Exchange, symbol: P01; and, the OTCQX, symbol: COLTF.

FORWARD-LOOKING STATEMENTS: Certain of the information contained in this
news release may contain 'forward-looking information'. Forward-looking
information and statements may include, among others, statements
regarding the future plans, costs, objectives or performance of Colt
Resources Inc. (the 'Company'), or the assumptions underlying any of
the foregoing. In this news release, words such as 'may', 'would',
'could', 'will', 'likely', 'believe', 'expect', 'anticipate', 'intend',
'plan', 'estimate' and similar words and the negative form thereof are
used to identify forward-looking statements. Forward-looking statements
should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether, or the times
at or by which, such future performance will be achieved.
Forward-looking statements and information are based on information
available at the time and/or management's good-faith belief with
respect to future events and are subject to known or unknown risks,
uncertainties, assumptions and other unpredictable factors, many of
which are beyond the Company's control. These risks, uncertainties and
assumptions include, but are not limited to, those described under
'Risk Factors' in the Company's revised annual information form dated
April 20, 2011 available on SEDAR at www.sedar.com and could cause actual events or results to differ materially from
those projected in any forward-looking statements. The Company does not
intend, nor does the Company undertake any obligation, to update or
revise any forward-looking information or statements contained in this
news release to reflect subsequent information, events or circumstances
or otherwise, except if required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

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