New Colombia Resources Announces Approval of 2900 Acre Concession Contract from National Mining Agency (ANM) for Premium Metallurgical Coking Coal

Company paid taxes in full on mining title last week

May 10, 2016, 09:15 ET from New Colombia Resources, Inc.

BOGOTA, Colombia, May 10, 2016 /PRNewswire/ --

New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a U.S. company with premium metallurgical Blue Gem coal mining titles and medical marijuana operations in Colombia, is pleased to announce they received approval from the Agencia Nacional de Mineria (ANM) of Concession Contract JJF-15481 for 1186 ha. (2930 acre) of metallurgical coking and thermal coal and other grantable minerals.  For a copy of approval visit http://www.anm.gov.co/sites/default/files/anotaciones_rmn/anotaciones_rmn_11_de_febrero_de_2015.pdf

The Concession Contract was signed last year between the National Mining Agency (ANM) and Erasmo Almanza, Director of New Colombia Resources.  The announcement is being made now to make shareholders aware of this development and because the Concession Contract is now current on its taxes.  This concession contract is 11 KM parallel to the Ruta del Sol mega road project that connects central Colombia to the Caribbean coast.  Transportation of coal or raw building materials from this concession will benefit greatly from the Ruta del Sol.  The sizable mining title stretches two municipalities, Guaduas and Caparrapi.

This Contract adds to the portfolio of New Colombia Resources which includes a soon to be signed contract for 183.3 HA (452 Acres) contiguous to their current Concession Contract # ILE-09551 in Guaduas, Colombia. That new concession contract application number is OG2-10451. On April 15, 2016 the ANM posted a notice for Mr. Almanza to accept new terms for the concession contract within 30 days and adjust the Exploration Program Format A.  The Company intends to accept the terms of the contract and has adjusted the Format A as requested.  For a copy of the resolution visit http://www.anm.gov.co/sites/default/files/atencion_minero/estado_053_de_21_de_abril_de_2016-bogota.pdf

The Company's Blue Gem coal is only found on the KY-TN border and central Colombia and is used to produce specialty metals such as Silicone to make solar panels, electric car batteries, and many more next generation products.  New Colombia Resources has other concession contracts and application that will add thousands of acres of high quality metallurgical coal that will always be needed to produce steel and other specialty metallurgy products.  "No matter what your views are about thermal coal, metallurgical coal will always be needed to produce steel and other metals," stated John Campo, President of New Colombia Resources, Inc.

New Colombia Resources' Work Permit for underground metallurgical coal mining was approved on December 23, 2013 for their first Concession Contract ILE-09551.  The Company will begin the permitting process of the new concessions once the first Contract is in production.

In addition to metallurgical coal concessions, New Colombia Resources also has a subsidiary that provides non smoked medical marijuana products to epilepsy, cancer, and other patients in Colombia. To view or purchase Sannabis products visit http://www.sannabis.co . Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal

New Colombia Resources, Inc. 

New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves.  They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession.  New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co.  For more information on the Company visit http://www.newcolombiaresources.com.

Forward Looking Statements 

Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements might not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.

Company Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
+1-410-236-8200 USA
jcampo@newcolombiaresources.com
info@newcolombiaresources.com
Sannabis SAS
http://www.sannabis.co

SOURCE New Colombia Resources, Inc.