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Colt Resources Completes Acquisition of Key Surface Rights

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Colt Resources (GTP.V) announced that one of its Portuguese wholly owned subsidiaries has acquired, through the purchase of a private Portuguese limited company, key surface rights covering approximately 140 hectares at its Tabuaco tungsten project.

The company said the acquisition not only provides Colt with "unhindered access to the ground for exploration" but more importantly, "it is a crucial step for the next stages of the development of our Tabuaco tungsten project which we will be fast-tracking in the months ahead."

GTP shares are now unchanged at 60 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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