July 16, 2007

Colt Capital Corp. has announced the consolidation of its common shares on a five old for one new basis, and a name change to Colt Resources Inc. The share consolidation and name change will be effected at 12:01 am on July 18, 2007. There are currently approximately 29,258,915 million common shares outstanding. The consolidation will reduce the number of shares outstanding to approximately 5,851,783 million.

Listing and disclosure documents for Colt Resources are available in the CNQ Listings Disclosure Hall

Effective Date: Wednesday July 18, 2007
Symbol: COLT
NEW CUSIP: 196874 10 1



If you have any questions or require further information please contact Radhika Ramkarran at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnq.ca