Corporate Presentation

Developing A World Class Asset Base

1October 2015

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This document has been prepared by Colt Resources Inc. (the “Company”) solely for investor presentations. This document does not constitute an offering document. This document isthe 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 reliedupon 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 thisdocument are provided as at the date hereof and are subject to change without notice and, in furnishing this document, the Company does not undertake or agree to any obligation toprovide recipients with access to any additional information or to update or correct the document. No securities commission or similar regulatory authority has passed on the merits ofany securities referred to in this document, nor has it reviewed this document.

Forward Looking InformationCertain 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 to identify forward‐lookingstatements. 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 orby 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 beliefwith 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 available on SEDAR atwww.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 theCompany undertake any obligation, to update or revise any forward‐looking information or statements contained in this presentation to reflect subsequent information, events orcircumstances or otherwise, except if required by applicable laws.

National Instrument 43‐101Technical 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 ofDisclosure for Mineral Projects (“NI 43‐101”) compliant technical reports. The Company has filed the Technical Reports under its profile on SEDAR at www.sedar.com.

Technical AdvisorMr. J.W. Murton, P. Eng. is the qualified person responsible for the technical information contained in this news release. Mr. Murton is a member of the advisory board of Colt Resources Inc. Mr. Murton has also prepared the scientific and technical content in the publication.

Cautionary Statement Disclaimer

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The Big Idea in 90 WordsThe current market climate in the mining industry has put the greatest financial pressure on Junior Mining Companies that has never before been experienced.

The choice for many companies was to close out  business permanently.Exploration projects have gone dormant and many geologists, engineers, and technicians have been laid off.

Countless  companies have chosen to reduce their expenditures to remain legally viable and gone in deep hibernation mode.

This presentation  is dedicated to the inevitable economic upside which will follow this crisis and ensuring a profitable future for Colt Resources for many years.

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The Greatest Downturn in Mining Investment

Decreasing Exploration Budgets

Record Company Closures

Significantly Reduced Investor Interest

Mineral Property Development Stalled

Companies Wait for Better Times

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1240+ Days and Counting

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Creating Our Own FutureColt Resources sees this as an opportunity to ensure a profitable future by taking advantage of the excellent quality mineral properties abundantly available worldwide.

A Strategy of Acquisitions, which Colt has started to put in place with the acquisition of ALVALADE, 

is the Best Course of Action.

Resources secured now positions the company with high quality assets to profit when the mineral industry recovery begins and long after.

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A solid foundation built over five years 

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TabuaçoColt’s Tungsten ProjectTabuaço project is a skarn type deposit located in the North Central region of Portugal.The tungsten mineral is present as scheelite and occurs as fine to coarse disseminationswithin the 2 main skarn horizons and numerous lenses or pods of tungsten bearing skarnmaterial.

Colt has 100% mineral rights on the concession covering the Tabuaço project. EML wasgranted in February, 2013.

A positive Preliminary Economic Analysis on Tabuaço project was released in October, 2013.

From NI 43‐101, October, 2012

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TabuaçoWhat are the geological features that support the upwards potential?

Large‐scale geological strike ~NNW‐SSE (the same regional direction of the Variscan fold axes) suggests that additionalskarn tungsten deposits can occur on‐strike to the NNW of the Tabuaço deposit (Aveleira is one example).

The geological formation considered as the most favourable to host tungsten bearing skarns (Bateiras formation)extends from Tabuaço to the NNW for several kms within Colt’s concession and beyond.

The Armamar‐Tabuaço granite intrusion along the NNW trending belt is believed as a key contributor in the generationof tungsten‐rich skarn deposits.

The metasedimentary suit and its enclosed mineralized skarn horizons dip underneath the granite to some extent,indicating that the deposits remain open for further expansion.

A late cross cutting fault system affecting the project area appears to cut the regional NNW‐SSE trending belt intodistinct geological blocks, affecting the expected alignment for geology and mineralization with regards to adjacentblocks.

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Tabuaço Next Steps• Potential for economically viable project options for the deposit. 

• The positive financial indicators suggest that further studies and field work for this project are justified. 

• Expand mineral reserves of Aveleira, Gap and Adega area, followed by a campaign of sampling.

• Increase resources of inferred, indicated and measured, through infill drilling of all targets

• Collect data for publishing of the EIA Environmental Impact Assessment for presentation to environmental agency during 2016

• Opening of a 120m Gallery, for access, development and operation of an experimental mine.

• Additional metallurgical studies need to be conducted, including the possibility of pilot plant testing of a 20 t sample to be taken from either the centreline of the proposed gallery or the shaft in advance of trial extraction.

• Further update of the resource to support a Bankable Feasibility Study.

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Tabuaço Preliminary Economic AssessmentSRK would anticipate that further exploration and drilling on the Quinta da Aveleira deposit and adjacent areas has high potential to outline and define additional tungsten resources. There are numerous surface exposures of similar rocks in the region and several of these have already been sampled and shown to carry anomalous tungsten grades. The prospects of further economic mineralisation within the Tabuaço Project Area are therefore good, though in all probability a large part of these will be small in size. 

A flotation with concentrate leaching circuit was estimated to be capable of producing a concentrate assaying 70.6% WO3 at an overall WO3 recovery of 87.2%.

The Mineral Resources estimate for the Tabuaço deposit was completed by SRK and the Client in 2012 at 1,495 kt of Indicated classified resource at 0.55% WO3 and 1,230 kt of Inferred classified resource at 0.59% WO3.

With the current resource, the mine life at a 0.22% WO3 CoG is one year of pre‐production followed by ten years of production; The average RoM grade over the mine life is 0.39% WO3. The average daily ore production rate for the life of mine is 1,415 tpd and the peak ore production rate is in year 9, at 1,582 tpd. 

The project options demonstrate NPV 5% ranging between negative USD 14.0m and positive USD 70.3m, with the maximum IRR achieved of 30.7%. The most positive scenario is option B3, with a total cash operating cost of USD 206.9/MTU WO3. The project is most sensitive to tungsten price, with an approximate break‐even price of USD 290/MTU WO3 for option B3. Operating costs also have a significant role in the project economics, and additional work should be undertaken to support the parameters for any preferred case taken forward. Based on the limited technical work that has been undertaken and the assumptions which underlie this economic analysis, SRK concludes that there is potential for economically viable project options for the deposit. The positive financial indicators suggest that further studies and field work for this project are justified. 

Preliminary Economic Assessment on the Tabuaço Tungsten Project, Portugal, Filed October 1, 2013

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Boa Fé / Montemor ProjectThe Boa Fé Gold project is located in the Alentejoregion of Portugal.

Current license area encompasses an EML and anexploratorion licence both granted in November,2011.

A positive Preliminary Economic Analysis on Boa Fégold project was released in May, 2013.

The known Montemor gold deposits are located within a segment of the Boa Fé shear corridor, considered as part of the widerMontemor shear zone that crosses the Ossa Morena Zone, an important tectonic and metallogenic domain in southern Portugal.

Gold mineralisation is considered to conform to the orogenic gold and is hosted in either silicified schist or felsic meta‐volcanics.Gold occurs in association with arsenic minerals, in fractures, and in gangue. Although there is a close association with sulphides, asignificant quantity of gold also occurs independently.

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Boa Fé / Montemor Project PreliminaryEconomic AssessmentThe much larger exploration Montemor concession appears to hold significant potential, given the postulated extension of the currently defined Boa Fé shear zone in the experimental mining license area. The potential to extend the strike length and down‐dip extension of known mineralised zones, as well as the discovery of new host structures and potential mineralised zones beneath cover exists.

Initial metallurgical testwork has demonstrated that gold is recoverable from Boa Fé – Montemor mineralized material using a combination of gravity, flotation and cyanidation technologies. 

The Mineral Resources for the Boa Fé deposit have been estimated at 6.1 Mt grading 1.74 g/t classified in the Indicated category and a further 1.6 Mt at 1.7 g/t in the Inferred category. The total contained metal is reported at 340 k.oz (Au) in the Indicated category and 84 k.oz (Au) in the Inferred category. 

The project options demonstrate a positive NPV 5% ranging between USDm 24 and USDm 64, IRR between 16% and 33% and cash costs between 666 and 724 USD/oz. The project is most sensitive to gold price and a reduction in the gold price of between USD 1,100/oz to USD 1,200/oz may results in marginal project economics. Operating costs also have a significant role in the project economics, and additional work should be undertaken to support these parameters for any preferred case taken forward. 

Preliminary Economic Assessment on the Boa Fé Gold Project, Portugal, Filed August 31, 2013

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Boa Fé / Montemor Project UpsideBased on the technical work that has been undertaken and the assumptions which underlie this economic analysis, SRK concludes that there is potential for economically viable project options for the deposit. The positive financial indicators suggest that further studies and field work for this project are justified. 

Combined use of geophysics and structural geological methods will prove most useful in targeting buried mineralized bodies. This will aid tighter targeting in drilling and better utilization of invested capital.

Deep drilling in Chaminé has revealed that its deep drilling campaign to test the "Chaminé Deeps" target had encountered mineralization located several hundred metres below the Chaminé gold deposit. This is the first time any exploration program has tested at this depth.

Colt is determined to conduct the regional exploration program on the larger exploration concession area to identify continuations of known structure and mineralization and to locate and prove up previously unknown buried targets.

Colt endeavors to conduct a comprehensive resource expansion program across the known mineralised targets within the experimental mining license, targeting extension of mineralization both along strike and at depth. The work will involve detailed 3D structural interpretation, as well as targeted infill and step‐out drilling programs to confirm existing results and expand known mineralised zones. Additional verification drilling and modelling of historical drilling and updating of resource estimates would also form part of this work.

Colt has applied for a definitive mining license in April 2015 that is currently pending and which will determine timing of next steps and advancement of joint venture.

Borba Copper ConcessionMiguel Vacas is a copper project and the specific target is the expansion of the subsurface resources at the old Miguel Vacas mine, last exploited in the 1980’s. The concession is located in the Alentejo region of Portugal.

Prolific geological setting, in the Ossa‐Morena zone of the Hercynian orogen; sedimentary & volcanic formations ranging from the Proterozoic up to the Devonian.

A number of old Cu mines and several Au anomalies, including part of the 70km long, NW‐SE trending Barrancos‐Alandroal Cu‐Au belt. Minargol’s Miguel Vacas open pit (Mined 1980‐1990).

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Borba Copper ProjectWhat are the geological features that support the upwards potential?In the near surface oxide zone, the structure remains open, both along strike and down dip with a grade(~1.4%Cu), a steep dip (70º) and large width (ave.9-10m). Miguel Vacas may hold significant resources in thedeeper sulphide zones, as indicated by historical drilling.

• Colt is currently investigating Miguel Vacas deposit with the aim of defining a NI 43-101 compliantresource inventory;

• A modest diamond drill program on going, drillhole BOMV-15-001 recently reported significantintersection of 7.30 meters at 2.29% Cu

• JV discussions are underway.Colt drilled 2 holes at Miguel Vacas in late July 2014: intersecting a mineralized structure under the old openpit and north of the pit to confirming extensions.BOMV‐14‐001 intersected three Cu mineralized zones between 89.15m and 143.9m down hole, confirming theextension of the Miguel Vacas copper mineralization underneath the old pit down to a vertical depth of 110meters (70 meters under pit bottom). BOMV‐14‐002 confirmed the extension of the mineralized structure to thenorth of the Miguel Vacas pit. BOMV-15-001 confirmed continuity of the zone below the pit. While proposedhole BOMV-15-002 is expected to return equivalent results showing strong strike length and depth potential.

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Cercal Polymetallic ConcessionBase and Precious Metal PotentialIn the “Iberian Pyrite Belt” of South Portugal and SW Spain, a prolific mineral province with a high track record of production of Cu, Zn, Pb, Sn, Au, Ag, and pyrite for sulphuric acid manufacturing (home to giant deposits like Neves-Corvo, Aljustrel, Rio Tinto, Tharsis)

Prolific geologic setting, with typical IPB volcanic & sedimentary units.

Several geophysical anomalies worth testing, which may indicate massive sulphide deposits.

Several geochemical anomalies for Au, Ag, Cu, Zn, Pb, etc.

A number of small-scale old mines and mineral occurrences for Fe, Mn, Cu, Zn, Pb, Au, Ag, Ba.

Cu-Au-Ag mineralized stockwork hosted by felsic volcanic tuffs known at Salgadinho.

Widespread alteration is recognised in country rocks (chloritization, sericitization, ankeritization, silicification), indicative of strong hydrothermal activity and close proximity to VMS mineralization. Ankerite is a common alteration feature of VMS deposits of the IPB.

Several low-temperature silica±Fe-Mn veins with anomalous metal contents, suggesting late-to post-tectonic hydrothermalism, which may have generated epithermal deposits.

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Cercal Polymetallic Concession Location

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Cercal Polymetallic Mineralization

Salgadinho discovered and drilled in the 1970’s by Government’s exploration department SFM. Also drilled to limited extent by three exploration companies between 1981 and 2007.

Stockwork sulphide mineralization disseminated in sericitized felsic tuffs and chloritized tuffites.

Sulphide mineralization ranging up to >30m  thick, 30ºNE dip, and intersected by drilling for 1.3km along strike and up to 650m down‐dip.

60 historical holes, but these were widely spaced, and their drill core was in most cases inadequately sampled.

Historical hole EMSC #93‐01 intersected 7.18m @ 1.66% Cu, 1.65g/t Au.

Visual inspection of Colt's hole CESA‐15‐01 indicates that metal grades should be similar to EMSC#93‐01. CESA‐15‐01 will be completed soon and assayed immediately.

This potential resource is open laterally and it is Colt's view that the deposit may have been underestimated due to widely spaced drilling, significant core loss, and inadequate sampling.

Gold content may have been overlooked, as most core sampling was concentrated in zones with visible copper minerals, whereas gold can occur elsewhere where there is only pyrite.

Salgadinho is drill ready, with a view to outline a NI 43‐101 compliant resource estimate and ideal for JV partnership .

CESA‐15‐01

Proven Business ModelAcquire and Explore World Class Mining AssetsMining Success: Wheaton RiverWith Golden Bear mine mined out in 2001, Wheaton River was essentially a shell company which embarked on a strategy of acquisition. They achieved a 325% increase in production, a 66% reduction in cash costs, and a 600% reserve increase. And allin the space of a year.

Wheaton River's extraordinary growth spurt was the result of an aggressive shopping spree, launched several years ago, when metal prices and acquisition costs were low as they are now..In the summer of 2002, the company acquired Luismin, one of Mexico's largest gold and silver producers (with three operationsand a portfolio of exploration properties), for U$75 million and 9 million shares.

Luismin produced 187,100 gold-equivalent ounces at total cash costs of US$186 per oz. Wheaton River stated that this represented "the lowest operating cost in the history of the prolific mining district.“

During 2003, Wheaton River acquired Rio Tinto's 25% interest in the Bajo de la Alumbrera gold-copper mine in Argentina and 100% interest in the Peak gold mine in Australia.Wheaton River became the 8th largest Canadian gold producer with 2003 production, on an annualized basis, of 458,500 gold equivalent ounces (371,000 gold ounces and 6.4 million silver ounces) at a cash cost of US$124 per gold equivalent ounce. Later in 2003 Wheaton River increased its stake in Alumbrera to 37.5%, and acquired the Peak gold mine in New South Wales, Australia. Peak produced 97,200 gold-equivalent ounces in 2003 at a total cash cost of US$242 per oz. Other acquisitions included the Amapari gold project in Brazil, and Los Filos gold project in Mexico, both at the development stage.

Wheaton River's acquisitions and investments also led to a substantial increase in reserves and resources at the end of 2003.The proven and probable figure amounted to 5.3 million gold-equivalent ounces, or six times greater than a year earlier.

Edited from The  Northern Miner, Mar 1 ‐ 7, 2004 Volume 90 Number 17

Proven Business Model

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Geopolitically Diversified Acquisition Strategy Focused on World Class Mining DistrictsMining Success: Lundin Mining Corporation

Lundin Mining Corporation originally began business under the name "South Atlantic Diamonds Corp." in 1994. Through a number of corporate name changes and share consolidations the company settled on Lundin Mining Corporation in 2004. In 2006 the Company merged with EuroZinc Mining Corporation ("EuroZinc"), establishing a strategic foothold in Portugal`s section of the world class mining area, The Iberian Pyrite Belt, host to the most significant concentration of VMS deposits in the world.

Using the combined strength of the EuroZinc merger and the opening of Neves Corvo mine, it proceeded with acquisition of Tenke Mining Corporation ("Tenke").  The Company acquired all of the issued and outstanding shares of Tenke Mining Corporation ("Tenke") and amalgamated with Tenke effective July 31, 2007. The most important in a series of acquisitions for Lundin, this deal brought Tenke's 24.75% interest in the giant Tenke Fungurume copper‐cobalt deposit, in the Democratic Republic of the Congo (DRC), into its portfolio of base metal operations. In July 17, 2007 the Company acquired 85.5% of the issued common shares of Rio Narcea Gold Mines, Ltd. ("RNG"). With this acquisition Lundin further consolidated its presence in the world class Iberian Pyrite Belt.

On March 29, 2013 Lundin Mining announced the closing of the previously announced acquisition of the Kokkola cobalt chemical refinery located in Finland and related sales and marketing business (collectively "Kokkola") from OM Group, Inc. Lundin Mining holds an effective 24 percent ownership interest in the Kokkola joint venture, with Freeport‐McMoRan Copper & Gold Inc. ("Freeport") holding an effective 56 percent ownership interest and acting as operator of the joint venture, and La Générale des Carrières et des Mines (Gécamines), the Congolese state mining company, holding a 20 percent interest. 

On June 12, 2013 Lundin Mining announced that it has entered into a definitive agreement with Rio Tinto Nickel Company, a subsidiary of Rio Tinto plc ("Rio Tinto") to purchase its 100% ownership stake in Rio Tinto Eagle Mine, LLC, which owns the high grade Eagle nickel/copper underground mine located in northern Michigan, U.S.A. The agreed purchase price was approximately US$325 million, consisting of a US$250 million purchase amount plus project expenditures from January 1, 2013 until transaction closing (July 17, 2013) of approximately $75 million, payable in cash, and subject to customary adjustments.On November 3, 2014 Lundin Mining announced the closing of the acquisition of an 80% ownership stake in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure from Freeport‐McMoRan Inc.

Lundin Mining built strength upon strength with intelligent deal making securing profitable operations in a long line of ever increasing value and growth of the company for its shareholders.

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Combining Business ModelsColt ResourcesWheaton River invested in high quality resources at a time when the mining industry was suffering a period of investor disinterest . Their strategy paid off immensely when they brought those resources to market as commodity prices rebounded.

Lundin Mining invested in the Democratic Republic of Congo when it was considered a high risk area.

Colt’s business strategy is inspired by the events that made Lundin and Wheaton River successful.

With its recent investments in Pakistan as well as the Iberian Pyrite Belt in Portugal, Colt offers investors exposure to two of the richest geological domains in the world while balancing geopolitical risk.

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Copper ProductionThe Future of CopperCopper production is a 120 Billion US Dollar industry.Yet Supply is decreasing at a time when demand is increasing.For instance, a normal car consumes 25kg of copper, whereas a hybrid car consumes 50kg and an electric car consumes 75kg. All ecologically friendly energy production technologies will consume more copper.

Copper Mine production has begun to decrease.Mine development time has expanded to 20 years from discovery to production.Head grade at producing mines is also decreasing as well as reserve grades.Once seen as an abundant resources is now being put under pressure by technological change and consumption demands of the worlds growing population.

“Copper underpins every economy because it’s in every part of it. As economies develop and things change, and as the energy complex changes, the more that is required is copper. I like to say that oil is energy, and energy without fossil fuels is electricity, and electricity demands copper. The more you think about it, even if you’re not in the spectrum of an environmentalist, the more you appreciate that fact fundamentally and the more that you embrace copper as a part of the solution. It’s critical not just for developing economies but every economy.” Gianni Kovacevic

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Copper ProductionThe Future of CopperThe vanguard executive chairman of Ivanhoe Mines, Robert Friedland, took to the stage at the Sprott Natural Resource Symposium in Vancouver in late July, and delivered a relaxed speech discussing why he believes copper is set to rebound in two to three years.

“The further you push the price down, the higher it’ll bounce,” he said, predicting that higher environmental standards in China may strengthen the demand for copper, in tow with other “green” metals such as zinc, platinum and palladium.

He said that China will “try very hard” to double its growth to 6% or 7% through sustainable development, but he’s dubious whether the current world supply will match the metal needed to clean China’s air and fertilize its soils.

He describes many of the great copper mines as “little old ladies, kept on life support and waiting to die,” whereas others are so low grade “they’re practically mining air” and kept alive by favourable currency exchange rates.

Colt is positioning for the increase in strong copper demand to meet societal challenges.

Edited from: The Northern Miner Aug 24 ‐ 30, 2015 Volume 101 Number 28 – 0Friedland: Mining companies 'priced for Armageddon'

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Copper ProductionThe Future of CopperRise of Alternative Energy Business Will Benefit Copper Industry

Copper will benefit from the surge of renewable energy ventures, Copper Investing News reported. Due to climate change concerns, more economies are supporting policies to transition into alternative energies. The report said that because of the new emerging technology trends, global copper consumption is also expected to increase.

“This is good news indeed for copper, necessary for the conduction of electricity in all energy technologies, whether they be traditional or alternative. The use of some carbon‐emitting fossil fuels — coal, for instance —will likely drop off over the years, but copper will remain an irreplaceable component in our ever‐expanding energy needs,” Frank Holmes of US Global Investors was quoted as saying.

Zolaikha Strong, director of sustainable energy for the Copper Development Association, or CDA, in a solar conferenceseries in 2014 said that usage of copper will rise and that renewable energy will spur global production. “Solar panels over large scale areas require installing miles of copper grounding and copper centric power cables,” Strong states. “By 2020, we estimate that 150 to 410 million lbs. of copper will be used in these systems, Strong adds.

Edited from: International Business Times on July 07 2015

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Alvalade VMS Concession, September 2015 New Acquisition Sesmarias Project DiscoveryVolcanogenic Massive Sulphide Copper Zinc OrebodyLocated in the Iberian Pyrite Belt of Southern PortugalSituated 40 to 50km along strike from Aljustrel and Neves Corvo copper and zinc mines

• Four producing mines +100Mt located within the same geological terrain.

• Massive sulphide lens intercepted with polymetallic grades and thicknesses.

• 1.8km of drill proven strike length that is equivalent to the largest mines in the district.

• Stockwork and gossan zones yet to be discovered.

• Iberian Pyrite Belt mines occur in clusters, four non-tested targets in the immediate area are available.

• Strong geologic model developed with $6.3 million invested knowledge.

• Six major additional exploration targets peripheral to the main exploration area are known.

• Rapid delineation of the main orebody possible now that the main zone has been discovered.

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Alvalade Location 270Mt

150Mt

500Mt

300Mt

100Mt

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Major Metal Deposits of the Iberian Pyrite Belt

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Sesmarias Drill Hole Locations and Grades

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Colt Resources Middle East Copper Gold

Copper Gold Porphyry’s located in the Tethyan Metallogenic Belt of Western Pakistan

Colt Resources Middle East, an associated company of Colt Resources, is focused in developing the Amalaf, Dah‐i‐Gauran and Koh‐i‐Sultan exploration properties along the strike from Sandal Copper mine to the Chagai Hills, 116km.

The Tethyan Metallogenic Belt runs from South East Asia through Pakistan, Iran, Turkey eventually ending in Eastern Europe. This belt is a prolific host for many mineral deposit styles.

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Colt Resources Middle EastColt Resources Middle East (CRME) is a company focused on securing near term, world‐class production assets in the Chagai Hills district. C.R.M.E has  recently acquired a majority interest in three significant exploration licenses in the Chagai Hills District. 

The three major prospecting areas are Koh‐i‐Sultan, Dash‐i‐Sultan, and Amalaf from east to west along the mineralized trend.

A detailed exploration program has been initiated to further delineate potential resources on these three properties. 

Koh‐i‐Sultan is significant as exploration results on the Koh‐i‐Sultan property support the potential for large porphyry Copper/Gold deposits.

A 2500 m diamond‐drilling program at Koh‐i‐Sultan will target areas where favourable results have been obtained. Diamond drilling will allow C.R.M.E to drill along the strike, and below levels previously achieved through reverse circulation drilling.

At Dasht‐i‐Sultan, a geological reconnaissance, mapping, and geochem program will be initiated in the near future.

At Amalaf, exploration results support the potential for a large tonnage, low grade, copper deposit, amenable to low‐cost, open pit mining, and trucking to the adjacent Saindak mine. Test pitting and bedrock geochem will be initiated.

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Colt Resources Middle EastColt Resources Middle East acquires the majority stake in three significant Chagai  Hills exploration licenses formerly held by Lake Resources licenses in Balochistan , Pakistan through a Joint Venture company Chagai Resources, Press Release June 15, 2015 

Dubai, UAE – Colt Resources Middle East (“CRME” or the “Company”) has entered into a Shareholders Agreement further to signature of an exclusivity agreement in May 2014 (the “JV Agreement”) with Lake Resources N.L. (“Lake”) an Australian based global mineral exploration company trading on the Australian Stock Exchange. This JV Agreement sets out the terms and conditions governing the joint venture Pakistani company called Chagai Resources that CRME and Lake Resources have created. Chagai Resources has now been awarded the three licenses formerly held by Lake Resources and will develop these license areas in the Chagai Hills in Balochistan, Pakistan. 

These licenses cover three primary exploration areas, as indicated in the accompanying map below in Chagai Hills, Balochistan, Pakistan an area known for world class assets such as the Reko Diq deposit. The three Chagai Resources licenses are at Amalaf, Dasht‐i‐Gauran and Koh‐i‐Sultan. The Amalafarea adjoins the northern boundary of the Saindak copper‐‐gold mine that has been operating for over 20 years. The exploration target is large tonnage: low grade copper amenable to low‐‐cost open‐‐pit mining and trucking to the adjacent Saindak mine and smelter operated by China .

Metallurgical Construction Corporation, a private Chinese entity. The Dasht‐‐i‐Gauran area is situated to the west of copper mineralisation reported by Tethyan Copper Company from drilling at its Sor Baroot Prospect at the Reko Diq Project and covers a number of possible alteration zones identified from interpretation of satellite images. At Koh‐i‐Sultan, CRME will be exploring for gold and copper associated with an extensive system of intensely altered breccia and volcanics covering an area of more than five square kilometres on the margin of an extinct volcanic caldera.

CRME is very pleased to take these next and very important steps towards the further exploration and development of these significant properties. CRME has been selected for the award of the first new major exploration licenses issued in over a decade by the Government of Balochistan. CRME is looking forward to working constructively with the Government of Balochistan in the coming years to bring economic and social development to the region. Shahal Khan Chairman of CRME stated that “By signing this agreement and securing these licenses Colt is demonstrating it’s commitment to investing in the natural resources of Balochistan in a fair and equitable way that could ensure significant economic and social development for its people”. Richard Quesnel, President and CEO of CRME stated “By partnering with Lake Resources, the local community and the Government of Balochistan, we believe that we can become an engine that could potentially develop what could be a world class asset in the Chagai Hills copper/gold district”. CRME is focused on securing and developing World Class mining opportunities in the Greater Middle East and South Asia Regions.

Colt Resources Middle East – Diamond Drill Locations

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Colt Resources Middle East – Diamond Drill Locations

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Capital StructureShares outstanding 239.14m

Shares fully diluted1,2,3, 316.68m

Current share price4 $0.175

52‐wk high – low4 $0.05 ‐ $0.30

Market capitalization $41m

Average exercise price of warrants and options $0.29 per share

TSX‐V: GTP | FRANKFURT: P01 | OTC Pink: COLTF

As of August 28th 2015

1. 5,200,000 options outstanding with a weighted average exercise price of$0.48

2. 67,952,648 warrants with average exercise price of $0.263. 4,385,965 zero dividend convertible (0.57 Euros) prfd. shares August 2016

maturity.4. Source: TSX-V Exchange August 28th 2015

0% 10% 20% 30% 40%

Global Institutional

HNW (European)

European Retail

Non‐European Retail

Directors & Officers

Shareholders

From Bloomberg

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Jean PagéCapital Markets

Jean Page started his career in finance immediately after graduation in 1969 and worked in the investment world for the last 45 years starting in retail sales but quickly moved to management and institutional sales coverage for national and international firms. Over the years he has managed many facets of the investment business in key roles such as investment banking, risk arbitrage, private placements in private and publicly traded companies and was an active participant at the outset of the private equity market development in Canada in the early nineties. Mr Page has raised billions of dollars over his career and has developed an extensive network in the institutional arena throughout North America and to a lesser extent the Europe. He remains very active still fundraising for outstanding performing Private Equity Fund managers therefore still maintaining and developing  major institutional relationships throughout the world

Management TeamShahab JaffreyChief Financial Officer

Mr. Jaffrey is an experienced chartered accountant possessing strong commercial and technical skills with core expertise in financial reporting and advisory related issues having worked with large  International and Canadian accounting firms. He possesses more than 13 years of experience across Australia, Canada, Russia, Kazakhstan, Pakistan and the Middle East with major clients being listed  companies in the Mining and Oil & Gas sector. His last role was with Sherritt International Corporation as part of their senior internal audit and risk management team.

Nikolas PerraultPresident & Chief Executive Officer

Mr. Nikolas Perrault is a Chartered Financial Analyst who has spent the first 15 years of his career working with some of Canada’s largest financial institutions, including National Bank, Merrill‐Lynch, CIBC and Scotia Capital. He is President, CEO and Director of Colt Resources Inc., a Canadian exploration and development company focused on advanced‐stage high‐grade gold and tungsten deposits in Portugal. His focus throughout his career has been on small cap resource companies worldwide which has allowed him to develop an extensive international network. In May 2007, he founded a management consulting company providing strategic advice to early stage energy and resource companies. Mr. Perrault holds a Bachelor of Commerce and obtained his Chartered Financial Analyst designation in 1997.

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Jorge ValenteVice President, Engineering and Development

Jorge Valente is a Portuguese citizen and resides in Brazil. Mr Valente has over 40 years of extensive experience in the mining industry. He is a mining engineer (graduated from IST, Lisbon, 1970), specializing in Geo‐mathematics (mineral resources and ore reserves estimation and mine planning). He also teaches post‐graduate courses at the School of Mines of UFOP (Ouro Preto Federal University), and is a certified CP (“competent person”, by SME – USA). He is the author of two books and many articles dealing with subjects of his speciality, some of which have been published in English.

Management TeamLuís MartinsDirector Business & Development

Luis Martins is a geologist with 30 years of experience in the exploration and mining sector. He graduated from the Faculty of Sciences of Lisbon (1973) and has a MsC in Economic Geology from the same faculty (1995) and also several national and international post‐graduation courses. He was a former Director of the Mineral Resources Department at the Geology and Mining Institute (the Geological Survey) and a former Director of the Mines and Quarries Department at the Directorate‐General of Energy and Geology (the Mining Authority). He has participated in several national and international research projects, especially in the mineral exploration, environmental geology and mining heritage fields, the majority of them with co‐ordination functions and coordinated several international working groups, like the “Mineral Resources Topic Network” and the “Minerals Policy Sector” of the EuroGeoSurveys (1997‐2002) and the CYTED Ibero‐American Network “Land Use and Mineral Resources” (2002‐2007). He was the Portuguese representative on the “Raw Materials Supply Group” of DG Enterprise and Industry of the European Commission (June 2010‐August 2012) and, as an expert, on the “UNECE Expert Group on Resource Classification” (October 2010‐August 2012). He has published over 100 national and international peer‐review publications. He has participated in 350 conferences, workshops and seminars where he has presented papers in 80 of them and taught more than 20 graduate level short courses.

Filipe FariaVice President, Exploration

Mr. Faria is a geologist with over thirty years experience in mineral exploration. Over the last thirteen years he has been a partner and the principal consulting geologist of GEOLOG – Gabinete de Geociências Lda, a geological consultancy based in Lisbon, Portugal. Prior to that he worked for Rio Tinto plc, Ashanti Goldfields Ltd, European Gold Resources Inc., and as an independent consultant. Over the course of his career, he has been responsible of numerous geological and mineral exploration/evaluation projects for a number of domestic and international companies focusing in Western Europe and Southern Africa. Fluent in Portuguese and English, Mr. Faria has been a member of the Portuguese Association of Geologists since 1982 and the Geological Society of Portugal since 1978.

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Nikolas Perrault

Mr. Nikolas Perrault is a Chartered Financial Analyst who has spent the first 15 years of his career working with some of Canada’s largest financial institutions, including National Bank, Merrill‐Lynch, CIBC and Scotia Capital. He is President, CEO and Director of Colt Resources Inc., a Canadian exploration and development company focused on advanced‐stage high‐grade gold and tungsten deposits in Portugal. His focus throughout his career has been on small cap resource companies worldwide which has allowed him to develop an extensive international network. In May 2007, he founded a management consulting company providing strategic advice to early stage energy and resource companies. Mr. Perrault holds a Bachelor of Commerce and obtained his Chartered Financial Analyst designation in 1997.

Board of DirectorsSabri Karahan 

Mr. Sabri Karahan is a mining engineer with 40 yearsof experience in mining operation, development, engineering, mine management and corporate management. He is the founder and is currently the Chief Executive Officer and General Manager of DAMA Engineering of Ankara, Turkey, which serves the worldwide mining industry in the areas of exploration, project development, and EPCM work. Mr. Karahan has been with DAMA Engineering since 2005 and, during that time, DAMA Engineering has been transformed into an internationally recognised engineering company employing highly qualified engineers, geologists, geo‐technicians and economists. Mr. Karahan is also on the Board of AIMROC Mining Company, which is based in Azerbaijan. He has been a director of AIMROC Mining since 2011. From 1998 to 2005, Mr. Karahan was an Executive Board Member and the General Manager of Normandy Madencilik Plc, which was a subsidiary of Normandy Ltd. of Australia until 2002, and then a subsidiary of Newmont Ltd. In this capacity, Mr. Karahan led a team of engineers, lawyers and consultants that re‐vitalised a major gold project in Turkey and opened the way for the gold mining industry in Turkey. From 1988 to 1998, Mr. Karahan was an Executive Board Member and the General Manager of Cominco Madencilik Plc, which was a subsidiary of Cominco Ltd. of Canada. In this capacity, Mr. Karahan incorporated and organised Cominco Madencilik Plc in Turkey, recruited and trained a large exploration team, and led the team to do successful exploration work in Turkey for 10 years. He also managed government and public relations for the Company. Mr. Karahan obtained a Master of Science degree from the Mining Faculty at the Technical University of Istanbul, Turkey. 

Hans H. HertellChairman

Ambassador Hertell has over 30 years’ experience in government, public affairs, business, and banking, He was sworn in as the United States Ambassador to the Dominican Republic on November 8, 2001. When he finished his tour in May 2007, Ambassador Hertell was the second longest serving U.S. Ambassador in the world.Ambassador Hertell has served with distinction as officer and member of the board of directors of public and private corporations. From 1981 to 1989, and by appointment of the President of the United States, he served on the Board of Directors of the Federal Home Loan Bank of New York, a banking system created by U.S. Congress which at the time had over 1.3 trillion dollars in assets. Subsequently, Ambassador Hertell served as Chief Executive Officer and Chairman of the Board of Ponce Federal Bank (NYSE), one of the largest publicly traded corporations in the Caribbean, with $1.3 billion in assets. He also served on the Board of Directors of OCASO Insurance, a subsidiary of the largest insurance and reinsurance holding companies in Spain.Ambassador Hertell currently serves on the Board of Directors of InterEnergy Holdings, a holding company that owns and operates power generation and distribution assets in Latin America and the Caribbean. He is also President, and Chairman of the Board of Directors of U.S. Precious Metals, Inc. (OTC NASDAQ).

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Joe Tai

Mr. Tai has over 18 years of experience in investment, finance, and the capital markets of Canada, the US, and Greater China. He has extensive expertise in facilitating cross‐border transactions and strategic partnerships, building cross‐cultural business relationships with Asian industrial groups and financial institutions. Joe serves as director for numerous North American publicly listed companies including several listed on the Toronto Stock Exchange and TSX Venture Exchange.

Board of DirectorsJames Ladner

Mr. Ladner is a financial consultant in Zurich, Switzerland and a professional company director. He graduated in economics and business administration, majoring in auditing, from the University of St.Gallen, Switzerland. He served as a member of Swiss Admissions Commission –Listing on Swiss Stock Exchanges and as a member of the Swiss Capital Market Commission of the Swiss National Bank . Mr. Ladner was a co‐founder and managing director of RP&C International, London , and served as the non‐executive chairman of Bank Austria (Switzerland) Ltd..Previously Mr. Ladner was an Executive Vice President of Coutts Bank (Switzerland) Ltd. and has served on the board of several other companies, funds and banks in Switzerland and abroad including The Royal Bank of Scotland AG, Interallianz Bank AG, Asahi Bank AG, F.Van Lanschot Bankiers (Switzerland) Ltd., Energy Capital Investment Co plc, Equator Exploration Ltd.,StrataGold Corporation, Nevoro Inc., Colombia Gold plc, Porto Energy Corp. and Coastport Capital Inc.. He is presently a director of the following public companies: Oracle Energy Corp.(OEC.V), Red Rock Resources plc (RRR.L) and Guerrero Exploration Inc. (GEX,V).

Paul Yeou

Mr. Yeou is the Managing Director of Worldlink (Canada) Resources Ltd., Vancouver, British Columbia, Canada. Worldlink (Canada) Resources Ltd. is a member company of the Worldlink Group, which is a private integrated trading group, engaged in import and export of iron ore, coal and other dry bulk commodities. Established in 1992, the Worldlink Group has built solid marketing channels, relationships and synergies with major steel mills, power plants and commodity end‐users throughout China and other Far East Asian countries. Since 2007, the Group has made multi‐million dollar investments in iron ore and coal companies in the Americas and is considered to be the largest privately held integrated trading company of iron ore and coal from the Americas to China by volume in the industry. Mr. Yeou is currently also a board member of Adriana Resources Inc. (TSXV.ADI)

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Advisory BoardJ. Wayne Murton

Mr. Murton is a geological and mining consultant and the President of J.W.Murton and Associates, based in Kelowna, B.C. He is a registered Geological Engineer with the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Murton has been active in the mining industry for over 40 years with junior companies as well as major mining companies. He has managed and directed exploration programs for base metals, uranium and precious metals and has managed and directed underground mine development and production from gold, silver and copper mines as well as placer gold operations. He has been involved in a variety of projects ranging from preliminary exploration to mine management throughout North America and South America as well as West Africa. He has authored numerous property reports, qualifying and NI 43‐101 reports as a QP (Qualified Person). Mr. Murton is a director of Golden Virtue Resources Inc. and Sunrise Resources Ltd. and a member of both of their Audit Committees.

Richard QuesnelAdvisory Board Chairman

Throughout his 36‐year mining career as a professional Engineer and senior entrepreneur, Richard Quesnel has contributed to the successful development of several large gold, copper, nickel and iron ore mining properties around the world. In his capacity for over 5 years as President and Chief Executive Officer of Consolidated Thompson, he was responsible for the successful development of Consolidated Thompson’s Bloom Lake iron ore deposit which came into commercial production in early 2010, just three years after completion of the feasibility study. He was also responsible for successfully developing, commissioning, operating and expanding mining operations, including the Mount Wright and Quebec Cartier mines in Quebec, the Gibraltar mine in British Columbia, the Barrick Gold Meikle mine in Nevada and the Montcalm mine in Ontario.

As part of successful and on‐schedule completion of world class mining projects, Richard Quesnel and his team have also raised over CDN$1 billion in financing, negotiated, and concluded multimillion dollars strategic investments by some of China’s largest steel producers, as well as some long‐term off‐take agreements. Most recently in his capacity as President and Chief Executive Officer of Colt Resources Middle East and Chairman of the Advisory Board of Colt Resources, he is focused on successfully developing potentially near term world‐class production assets in emerging mining markets while exploring and developing gold, copper and tungsten properties in Portugal.

Scott E. Young

Mr. Scott Young is an experienced investment banker with extensive cross‐border transaction experience in Europe, North America, the Middle East and Asia. Scott is founder and Managing Partner of Gemini Capital in London, which is a consulting firm involved in providing strategic advice to a wide range of entities, including private businesses, multinational companies, family offices, private equity groups and sovereign wealth funds.

Until founding Gemini he was a Partner of Dial Partners in London, a corporate finance advisory firm assisting companies in mergers and acquisitions and both debt and equity financings. Scott has extensive relationships developed over 20 years with a wide range of international clients across a variety of industries. Key areas of focus include: pioneering healthcare technologies (stem cells for diabetes and drug delivery technologies); alternative energy, renewables and energy efficiency; mining & natural resources and infrastructure (power generation and transport).

Scott was previously with Morgan Stanley & Company in New York in the International Capital Markets group. Earlier positions include Corporate Finance, Fixed Income and Equity Sales and Syndication with LF Rothschild in New York as well as the US offices of the OECD in New York.

Scott received his Doctorate in Law and MBA degrees with distinction at the University of North Carolina at Chapel Hill.

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Corporate PresentationOctober 2015 

For further information visit our website at www.coltresources.com

Nikolas Perrault, CFAPresident and CEO

nperrault@coltresources.comTel: +351‐219‐119‐810 

Shahab JaffreyChief Financial Officer

sjaffrey@coltresources.comTel: +1‐514‐843‐7704