Colossus Resources prices shares for debt, financing

Mr. Charalambos Katevatis reports COLOSSUS RESOURCES ANNOUNCES PRICE RESERVATION FOR DEBT SETTLEMENT AND NON-BROKERED PRIVATE PLACEMENT FINANCING Colossus Resources Corp. has a price reservation of five cents based on the closing price Sept. 10, 2025, of 6.5 cents. Further to the news release dated Aug. 29, 2025, announcing it had entered into debt settlement agreements with various creditors, the company wishes to settle a revised aggregate amount of $204,490.50 in outstanding debt relating to loans, management fees and certain other outstanding obligations, through the issuance of a revised aggregate of 4,089,810 common shares of Colossus at a deemed price of five cents per common share. Insiders, officers and directors are converting and aggregate of $85,408 through the issuance of an aggregate of 1,708,160 common shares. Closing of the share-for-debt transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange. The common shares to be issued pursuant to the share-for-debt transaction will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSX Venture Exchange policies. The company also announces a price reservation of five cents based on the closing price of 6.5 cents. Further to the news release dated Aug. 29, 2025, announcing a non-brokered private placement financing of up to 1.8 million units of securities at a price of five cents per unit for aggregate gross proceeds of up to $90,000 for general working capital. Each unit will comprise one common share and one-half common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of 10 cents for a period of two years from closing of the financing. The expiry date of the warrants may be accelerated if the company's common shares trade at or above 20 cents for 20 consecutive trading days following the expiry of the four-month hold period. About Colossus Resources Corp. Colossus Resources is a relatively young junior mineral exploration company focused on maximizing shareholder value through the acquisition, discovery and advancement of high-quality copper-gold projects. We seek Safe Harbor.