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Technical Presentation




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

                                        November 2012


11291201   A GOLD COMPANY CREATED BY INVESTORS FOR INVESTORS
Cautionary Statement
Disclaimer
This document has been prepared by Colt Resources Inc. (the “Company”) solely for investor presentations as of November 4th, 2012. This document does not
constitute an offering document. This document is the sole responsibility of the Company. Information contained herein does not purport to be complete and is subject to
certain qualifications and assumptions and should not be relied upon for the purpose of making an investment in the Company’s securities or entering into any
transaction in relation therewith. The information and opinions contained in this document are provided as at the date hereof and are subject to change without notice
and, i f i hi thi d
   d in furnishing this document, th C
                                 t the Company d does not undertake or agree t any obligation t provide recipients with access t any additional i f
                                                        t d t k                to    bli ti to       id    i i t    ith        to     dditi    l information or t update
                                                                                                                                                        ti      to d t
or correct the document. No securities commission or similar regulatory authority has passed on the merits of any securities referred to in this document, nor has it
reviewed this document.

Forward Looking Information
Certain of the information contained in this presentation may contain “forward-looking information”. Forward-looking information and statements may include, among
others, statements regarding the future plans, costs, objectives or performance of the Company, or the assumptions underlying any of the foregoing. In this presentation,
words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used
                may would could will likely believe expect anticipate intend plan estimate
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 presentation to reflect subsequent information events or
                obligation,                           forward looking                                                                                      information,
circumstances or otherwise, except if required by applicable laws.

National Instrument 43-101
Technical and scientific information contained in this document relating to the Company’s projects in Portugal is derived from the following National Instrument 43-101
Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant technical reports: the “Tabuaco Tungsten Project, Portugal. NI 43-101 Technical Report”, dated
November 15th, 2012, the “NI 43-101 Technical Report Boa Fé/Montemor Gold Project Alentejo Region of Southern Portugal” dated August 16th, 2012, the “NI 43-101
Technical Report Boa Fé/Montemor Gold Project Alentejo Region of Southern Portugal” dated December 21, 2011, the “NI 43-101 Technical Report on Exploration,
                                                                                 Portugal                                   NI 43 101
Montemor Gold Project, Alentejo Region of Southern Portugal” dated March 4, 2011, the “Technical Report (NI 43-101) on the Armamar Meda Concession, Northern
Portugal” dated September 6, 2010, the “Technical Report (NI 43-101) on the Penedono Gold Concession, Northern Portugal” dated August 27, 2010 and the “NI 43-
101 Technical Report on the Santa Margarida do Sado Concession, Iberian Pyrite Belt, Southern Portugal” dated February 9, 2011 (collectively, the “Technical
Reports”). The Company has filed the Technical Reports under its profile on SEDAR at www.sedar.com.

Technical Advisor
SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide overall technical assistance to the Company in Portugal and will be producing several NI 43-
                g(    )                                              p                                        p y          g               p       g
101 compliant reports as projects progress (see: January 18, 2011 press release). Gareth O’Donovan CEng MSc BA (Hons) FIMMM FGS - SRK Exploration Services
Ltd. is the independent qualified person, as defined in NI 43-101, for the Company’s projects in Portugal.




                                                                                                                                                                            2
Southern Portugal: Boa Fé / Montemor
Advanced Stage Gold Project




                                       3
Boa Fé Gold Project / Montemor Concession
Regional Setting - >30Km Gold Bearing Shear Zone
Geochemistryy




                                                   4
Boa Fé Gold Project / Montemor Concession
Regional Setting - >30Km Gold Bearing Shear Zone
Geology
     gy




                                                   Shear Zone




                                                                5
Boa Fé Gold Project / Montemor Concession
Aeromagnetics indicate ideal structural setting and
continuation of shear zone to the northwest




                                                      6
Boa Fé Gold Project / Montemor Concession
Still an underexplored area!
Drilling and Trenching
       g             g




                                            7
Boa Fé Gold Project / Montemor Concession
Still an underexplored area!
Soils Surveys
            y




                                            8
Boa Fé Gold Project / Montemor Concession
Still an underexplored area!
Cassa Novas, Chaminé and Ligeiro Drilling
              ,              g          g




                                            9
Boa Fé Gold Project / Montemor Concession
3D Solid Modelling – Grades and Geology through
Chaminé deposit looking southwest.
           p           g




                                                  10
Boa Fé Gold Project / Montemor Concession
Solid Modeling – Grades and Geology through Central
Chaminé deposit
           p




                                                      11
Boa Fé Gold Project / Montemor Concession
Conceptual Open Pit Operation




     Road
     River



                                            12
Boa Fé Gold Project / Montemor Concession
3D Grade Estimation and Block Modelling




                                            13
Northern Portugal: Tabuaço deposit
Advanced Stage Tungsten Project (part of Armamar-Meda)




                                                         14
Northern Portugal: Tabuaço deposit
Advanced Stage Tungsten Project (part of Armamar-Meda)




                                                         15
Tabuaço Tungsten Project
Upside Potential




                           16
Northern Portugal: Tabuaço deposit
Advanced Stage Tungsten Project (part of Armamar-Meda)




                                                         Conceptual Formation
                                                          Model N t T S l
                                                          M d l Not To Scale




                                                                           17
Tabuaço Tungsten Project
Colt Drill Program – Collar Locations




                                        18
Tabuaço Tungsten Project
3D Mineralized Solid Modelling




                                 19
Tabuaço Tungsten Project
3D Grade Estimation and Block Modelling




 3D perspective view looking East through the central zone of the Tabuaço deposit 3D
   grade block model. View includes drillholes overlain by the digital terrain model.

                                                                                        20
Contact Information

Nikolas Perrault              Declan J. Costelloe            Natalia Sokolova              Christophe Romary
President & CEO               Executive VP and COO           VP, Investor Relations        VP, Business Development
Colt Resources Inc.           Colt Resources Inc.            Colt Resources Inc.           Colt Resources Inc.
Tel: +351 916 150 926
     +351-916-150-926         Tel: +351 219 119 810
                                   +351-219-119-810          Tel: +1-917-574-2312
                                                                  +1 917 574 2312          Tel: +1 514 843 7178
                                                                                                +1-514-843-7178
Fax: +351-219-119-820         Fax: +351-219-119-820          Fax: +1-646-219-3341          Fax: +1-514-843-7704
nperrault@coltresources.com   dcostelloe@coltresources.com   nsokolova@coltresources.com   cromary@coltresources.com



            Company website: www.coltresources.com
            C         b it         lt




                                                                           TSX-V:
                                                                           TSX V: GTP
                                                                                                                21

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Colt Resources Technical Report

  • 1. Technical Presentation TSX-V: GTP FRANKFURT: P01 OTCQX International: COLTF November 2012 11291201 A GOLD COMPANY CREATED BY INVESTORS FOR INVESTORS
  • 2. Cautionary Statement Disclaimer This document has been prepared by Colt Resources Inc. (the “Company”) solely for investor presentations as of November 4th, 2012. This document does not constitute an offering document. This document is the sole responsibility of the Company. Information contained herein does not purport to be complete and is subject to certain qualifications and assumptions and should not be relied upon for the purpose of making an investment in the Company’s securities or entering into any transaction in relation therewith. The information and opinions contained in this document are provided as at the date hereof and are subject to change without notice and, i f i hi thi d d in furnishing this document, th C t the Company d does not undertake or agree t any obligation t provide recipients with access t any additional i f t d t k to bli ti to id i i t ith to dditi l information or t update ti to d t or correct the document. No securities commission or similar regulatory authority has passed on the merits of any securities referred to in this document, nor has it reviewed this document. Forward Looking Information Certain of the information contained in this presentation may contain “forward-looking information”. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of the Company, or the assumptions underlying any of the foregoing. In this presentation, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used may would could will likely believe expect anticipate intend plan estimate 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 presentation to reflect subsequent information events or obligation, forward looking information, circumstances or otherwise, except if required by applicable laws. National Instrument 43-101 Technical and scientific information contained in this document relating to the Company’s projects in Portugal is derived from the following National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant technical reports: the “Tabuaco Tungsten Project, Portugal. NI 43-101 Technical Report”, dated November 15th, 2012, the “NI 43-101 Technical Report Boa Fé/Montemor Gold Project Alentejo Region of Southern Portugal” dated August 16th, 2012, the “NI 43-101 Technical Report Boa Fé/Montemor Gold Project Alentejo Region of Southern Portugal” dated December 21, 2011, the “NI 43-101 Technical Report on Exploration, Portugal NI 43 101 Montemor Gold Project, Alentejo Region of Southern Portugal” dated March 4, 2011, the “Technical Report (NI 43-101) on the Armamar Meda Concession, Northern Portugal” dated September 6, 2010, the “Technical Report (NI 43-101) on the Penedono Gold Concession, Northern Portugal” dated August 27, 2010 and the “NI 43- 101 Technical Report on the Santa Margarida do Sado Concession, Iberian Pyrite Belt, Southern Portugal” dated February 9, 2011 (collectively, the “Technical Reports”). The Company has filed the Technical Reports under its profile on SEDAR at www.sedar.com. Technical Advisor SRK Consulting (U.S.) Inc. has been awarded a broad mandate to provide overall technical assistance to the Company in Portugal and will be producing several NI 43- g( ) p p y g p g 101 compliant reports as projects progress (see: January 18, 2011 press release). Gareth O’Donovan CEng MSc BA (Hons) FIMMM FGS - SRK Exploration Services Ltd. is the independent qualified person, as defined in NI 43-101, for the Company’s projects in Portugal. 2
  • 3. Southern Portugal: Boa Fé / Montemor Advanced Stage Gold Project 3
  • 4. Boa Fé Gold Project / Montemor Concession Regional Setting - >30Km Gold Bearing Shear Zone Geochemistryy 4
  • 5. Boa Fé Gold Project / Montemor Concession Regional Setting - >30Km Gold Bearing Shear Zone Geology gy Shear Zone 5
  • 6. Boa Fé Gold Project / Montemor Concession Aeromagnetics indicate ideal structural setting and continuation of shear zone to the northwest 6
  • 7. Boa Fé Gold Project / Montemor Concession Still an underexplored area! Drilling and Trenching g g 7
  • 8. Boa Fé Gold Project / Montemor Concession Still an underexplored area! Soils Surveys y 8
  • 9. Boa Fé Gold Project / Montemor Concession Still an underexplored area! Cassa Novas, Chaminé and Ligeiro Drilling , g g 9
  • 10. Boa Fé Gold Project / Montemor Concession 3D Solid Modelling – Grades and Geology through Chaminé deposit looking southwest. p g 10
  • 11. Boa Fé Gold Project / Montemor Concession Solid Modeling – Grades and Geology through Central Chaminé deposit p 11
  • 12. Boa Fé Gold Project / Montemor Concession Conceptual Open Pit Operation Road River 12
  • 13. Boa Fé Gold Project / Montemor Concession 3D Grade Estimation and Block Modelling 13
  • 14. Northern Portugal: Tabuaço deposit Advanced Stage Tungsten Project (part of Armamar-Meda) 14
  • 15. Northern Portugal: Tabuaço deposit Advanced Stage Tungsten Project (part of Armamar-Meda) 15
  • 17. Northern Portugal: Tabuaço deposit Advanced Stage Tungsten Project (part of Armamar-Meda) Conceptual Formation Model N t T S l M d l Not To Scale 17
  • 18. Tabuaço Tungsten Project Colt Drill Program – Collar Locations 18
  • 19. Tabuaço Tungsten Project 3D Mineralized Solid Modelling 19
  • 20. Tabuaço Tungsten Project 3D Grade Estimation and Block Modelling 3D perspective view looking East through the central zone of the Tabuaço deposit 3D grade block model. View includes drillholes overlain by the digital terrain model. 20
  • 21. Contact Information Nikolas Perrault Declan J. Costelloe Natalia Sokolova Christophe Romary President & CEO Executive VP and COO VP, Investor Relations VP, Business Development Colt Resources Inc. Colt Resources Inc. Colt Resources Inc. Colt Resources Inc. Tel: +351 916 150 926 +351-916-150-926 Tel: +351 219 119 810 +351-219-119-810 Tel: +1-917-574-2312 +1 917 574 2312 Tel: +1 514 843 7178 +1-514-843-7178 Fax: +351-219-119-820 Fax: +351-219-119-820 Fax: +1-646-219-3341 Fax: +1-514-843-7704 nperrault@coltresources.com dcostelloe@coltresources.com nsokolova@coltresources.com cromary@coltresources.com Company website: www.coltresources.com C b it lt TSX-V: TSX V: GTP 21