Colt Resources Inc. announced Mr. Quesnel will be stepping down from Colt's board of directors and resigning as Executive Chair but he will however be working very closely with Colt management and board to assist them with the continued advancement of several ongoing strategic initiatives under discussion. In his new role Mr. Quesnel has accepted to Chair the company's Advisory Board. Colt will also benefit from Mr. Quesnel's enhanced focus on his role of CEO in the development of CRME of which it will retain a significant stake of 12,222,223 shares representing 27.9%.of the outstanding shares.