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Colossus Minerals Inc. Hires Luiz Carlos Celaro to Manage Mine Development at Serra Pelada

Thursday, May 27th, 2010

Colossus Minerals Inc. (TSX:CSI) is pleased to announce the appointment of Mr. Luiz Carlos Celaro as General Director of the Company’s Brazilian subsidiary Colossus Geologia e Participações Ltda.
Mr. Celaro, a Brazilian citizen, has 35 years’ of in-country experience in engineering, construction, and mine management. Mr. Celaro worked for Vale S.A. for 9 years where he was involved in the development of several new mines in Brazil and abroad. After leaving Vale, he was a director of Bechtel/Promon, an engineering consortium responsible for metallurgy and mining contracts in Brazil. Additionally, he was the start-up engineering manager of Rio Tinto Alcan Inc.’s Morro do Ouro Mine (now Kinross Gold Corporation’s Paracatu mine), and the construction and pre-operation manager for Goldcorp Inc.’s Amapari Mine. Most recently Mr. Celaro oversaw the construction of Luna Gold Corp.’s Aurizona Gold Mine.
Mr. Celaro holds degrees in both mining engineering from the Universidade Federal do Rio Grande do Sul in Brazil and an MBA in Environmental Management from Fundação Getúlio Vargas in Rio de Janeiro.
“Luiz brings to Colossus a strong pedigree of successful mine construction and start-ups. His engineering and management experience will be invaluable for Serra Pelada, where he will oversee the construction of the mine, plant, and related infrastructure” said Randy Reichert, President and COO of Colossus Minerals Inc. “We welcome Luiz to our team.”

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