Colt Resources Inc. reports significant Gold, Tungsten and Tin values from multiple zones of mineralization on its Portuguese properties

MONTREAL, June 9 / CNW Telbec / - Colt Resources Inc. ( "Colt" or
"Company") is pleased to provide an update on the property during the work completed
The first 4 months in 2009 and from Penedono Meda concession Armamar
located in northern Portugal.
Penedono concession consisting of a representative 51.231km2
reduction from the original concession area as an annual requirement under the
Portuguese mining law. Colt and has been successful in negotiating the
extension of the concession for an additional 3 years and have increased
the size of the concession to 102.471 km2. The concession is partly Penedono
surrounded by Armamar Meda Concession consists of 436.81 km2 in the
turn is partly surrounded by Moimenta-Almendra concession consisting of a
566.58 km2.
The combination of the three (3) make a second concession Colt
mining the largest land owner in Portugal after Lundin Mining.
The concessions are located around the city which is located Penedono
air, about 100 km east of the coastal city of Porto.

PENEDONO CONCESSION
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On the Penedono Concession at the Santo Antonio vein system, a number of
new discoveries have been reported covering vein clusters and sheeted vein
systems near the previously reported and partially explored NE / SW trending
veins 1-13. The new N/S to NNE/SSW veins are typically narrow (0.5 - 20 cm
thick) and steeply dipping. Their intensity and continuity is being
investigated for the potential of hosting several small open pits.
One area lying between Veins 3 and 4 and located near the NE end of Vein
3 returned the following chip samples from the poorly exposed veins. This
cluster of samples was taken over an area of approximately 100 m x 200 m and
extensions to this vein swarm are being investigated.

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sample UTM UTM type occurr- description Au g/t
No. East North ence
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196928 632907 4541724 chip Outcrop quartz with aspy (mineralized 5.56
quartz vein)
205085 633869 4541776 chip Outcrop quartz+aspy and greisen vein 27.04
205086 633877 4541774 chip Outcrop quartz+aspy and greisen vein 18.56
205087 633877 4541774 chip Outcrop quartz+aspy and greisen vein 19.68
205088 633899 4541797 chip Outcrop greisen with aspy 34.40
205089 633869 4541776 chip Outcrop quartz and greisen vein with 26.08
aspy (10cm)
205090 633890 4541781 chip Outcrop quartz and greisen veins with 11.00
aspy
205091 633914 4541773 chip Outcrop aspy+quartz veins, 1-2cm thick 15.68
205092 633925 4541764 chip Outcrop aspy+quartz (20cm) 8.40
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Also on the Penedono Concession in the Marofa area, (adjacent to the west
from the Santo Antonio veins), previously reported good grade values for gold
and tungsten have been categorized for additional sampling, trenching and
drilling. These values, as reported in the News Release of Dec.15, 2008,
ranged up to 96 g/t gold and 18,364 ppm (1.84%) W or 2.32% WO3 and while these
high grade numbers are not necessarily representative of the overall expected
grades, they represent the potential of the 5 to 6 Marofa areas of veins
swarms. These areas have dimensions of approximately 100-300 m x 300-400 m
each.
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