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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: Steve Huskey who wrote (417)11/25/1997 4:35:00 AM
From: kfdkfd   of 501
 
News Release at bottom
Steve
Thanks for the update.
I assume from what you indicate no sales or a minimal amount are taking place. The past re enginering I assume must not have taken place, they were suppose to several months ago get the plant and refinery to process and produce product in its finished stage with by-products.
Talk is good but results are what we're after.

Colossal Resources Corp. Engages Continental Capital &
Equity Corp. to Promote Mass Market Awareness

VANCOUVER, BRITISH COLUMBIA--Colossal Resources Corp. (NASDAQ -
CLPZF) announced Monday that it has officially engaged the
Florida-based financial relations firm, Continental Capital &
Equity Corp., to launch a comprehensive, 12-month investor
awareness campaign via Continental Capital's new Market Access
Program.

This unique program is specifically designed to introduce to the
investment community only those publicly traded companies which
are deemed to be undiscovered, undervalued and/or deserving of
enhanced market recognition.

Dil Gujral, president and CEO of Colossal, stated: "We are
delighted that Continental Capital has agreed to represent our
company and will look for them to tap their vast network of
stockbrokers, institutional fund managers, securities analysts,
individual investors and media contacts to promote awareness and
build confidence in the future of Colossal Resources Corp."

Dodi Zirkle, vice president of Continental Capital, added: "By
combining a significantly pro-active and intelligently targeted
marketing approach with a more traditional public relations
effort, Continental intends to methodically and aggressively
increase awareness of Colossal directly to Wall Street and
associated industry professionals."

Headquartered in Vancouver, Colossal Resources Corp. is a
resource extraction company listed on the NASDAQ Stock Exchange.
The company's primary business interest is in its 60% stake in
what is considered the world's single largest proven cobalt
deposit, located in Zambia -- a democratic, stable, and
business-friendly nation in central Africa. This cobalt deposit
is located above ground, therefore there is no mining costs
associated with its production. Colossal Resources also owns
100% of what used to be one of the largest platinum refinery
operations in Johannesburg, South Africa. In addition, the
company is at present aggressively studying several other unique
investment opportunities in the stable, resource-rich, developing
regions of sub-Saharan Africa and India.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Continental Capital & Equity Corp.
Dodi Zirkle
(407) 875-1110
or
Colossal Resources Corp.
Dil Gujral
(800) 298-0244 (US Toll Free)
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