New Colombia Resources, Inc. to Enter an Innovation Program with the City of Medellin for Research and Development of Cannabis Based Products in Colombia

MIAMI BEACH, Fla., May 20, 2014 /PRNewswire/ -- New Colombia Resources, Inc. (OTCQB: NEWC) ("New Colombia or the Company"), a U.S. company with coal and other resource assets in Colombia, is pleased to announce they are in discussions with their pharmaceutical partner in Colombia to enter an innovation program offered by the City of Medellin.  The Company will enter this program for the legal research and development of cannabis based medicines.  The Ruta N organization was created to promote the development of innovative science and technology-based businesses in the city of Medellin, the winner in 2013 of the world's "Innovative City of Year" award by the Wall Street Journal and Citi.

New Colombia Resources' Medellin based pharmaceutical partner, Farmatech S.A., is meeting with Ruta N to establish the protocols needed to enter the program.  Ruta N has created various projects and programs that articulate research and high-impact entrepreneurship by supporting innovative initiatives that have great potential in the global market.  For more information on the Ruta N program visit http://rutanmedellin.org/index.php/en.

New Colombia is in discussions with Cannabis Science Inc. (CBIS) to oversee this program along with their scientific advisor Dr. Robert Melamede PhD, President of Cannabis Science Inc. (CBIS).  "This program will benefit our efforts for approvals for legal research and development of cannabis based pharmaceutical products in Colombia," stated John Campo, President of New Colombia Resource, Inc.

About 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, African palm distribution, and traditional and organic coffees.  They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 MM tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession.  In May 2014 they are planting 3000 African palm trees to use as a showcase for a seedling and fertilizer distribution business.  Once the necessary financing is obtained, the Company plans to have additional revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia.  For more information on the Company visit www.newcolombiaresources.com. 

Transportation, Logistics and Other Information

New Colombia Resources intends to sell their coal at the mine's gate unless they enter into off-take agreements.  Upon proper financing, the Company plans to build or acquire river or rail loading facilities on the Magdalena River close to their mines. The coal will be trucked to these distribution centers, and then barged via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta, or Cartagena for export.  Initially they will use existing logistics providers while their transportation projects are being developed.  After the rail projects and the "Road to the Sun" project are completed, New Colombia Resources will have one of a few metallurgical coal mines in the World with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.

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 may 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
[email protected] 

New Colombia Resources, Inc., mining subsidiary
Cia. Minera San Jose Ltda.
Kra. 3 # 2-52
Guaduas, Cundinamarca
Colombia
(57) (1)  846-6579

www.newcolombiaresources.com

SOURCE New Colombia Resources, Inc.