Colorado Completes IP Geophysical Survey, Receives Drill Permits And Defines Drill Targets For Kinaskan-Castle

News Release
October 22, 2018
Colorado Resources Ltd, TSXV:CXO

Vancouver, British Columbia — October 22, 2018 Colorado Resources Ltd. (“Colorado” or the “Company”) (TSXV – CXO) is pleased to announce receipt of permits for the construction of ten diamond drill platforms at its 100% owned, 178 sq. km Kinaskan-Castle property located 4 km west of the GT Gold Corp’s1 Tatogga Property1 in British Columbia’s prolific Golden Triangle. GT Gold Corp.1 (TSXV) recently announced newly discovered Au-Cu porphyry-style mineralization at their Saddle North1 prospect (GT Gold1 news September 10th and October 10th, 2018) in addition to high-grade Au-Ag mineralization at Saddle South1 (GT Gold Corp.1 news, September 4th, 2018), both located on the Tatogga Property. Regional geological mapping and airborne magnetic surveys demonstrate the continuity of geological, geophysical and topographic features between the Tatogga Property1 and Colorado’s Kinaskan-Castle claim blocks (see Map 1 and footnote 2, below).