Chevrolet 2008 Colorado Owner's Manual page 115

To release the parking brake, hold the regular brake
pedal down. Pull the bottom edge of the lever, located
above the parking brake pedal, with the parking brake
symbol, directly rearward to release the parking brake.
If the ignition is on when the parking brake is released,
the brake system warning light will go off.
Notice: Driving with the parking brake on can
overheat the brake system and cause premature
wear or damage to brake system parts. Make sure
that the parking brake is fully released and the brake
warning light is off before driving.
If you are towing a trailer and are parking on any hill,
see Towing a Trailer on page 4-47.
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