New Colombia Resources Inc. Reports on Site Visit of their Coal and Rock Mine by Environmental Authorities in Colombia.

GUADUAS, Colombia, Sept. 16, 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 update shareholders on the progress of their mining operations. As previously announced, New Colombia is developing a 1000 m3 per day rock quarry on their property while they bring coal operations online. 

The environmental authority visited their site in Guaduas with company directors on September 12, 2014. There were no negative comments during the visit, only positive comments about the discovery of rock phosphate and the quality of both their coal and rock assets. Since there have never been mining operations on their site causing a negative environmental impact, New Colombia Resources believes there will be no issues with the environmental permit.  This visit is normally the final step in the approval of an environmental permit. The company's Work Plan (PTO) was approved by the National Mining Agency (ANM) on December 23, 2013.

New Colombia Resources is very pleased the Colombian government has initiated their 4G Highway plan for nine new four lane highways. The first five highway concessions were signed last week, including 214 km from Girardot to Puerto Salgar which is very close to their gravel operation.  An Israeli company recently won a bid to build a beltway system around Bogota. 

The Company is setting up operations at their mine to produce 1000 m3/day of raw building material. They are finalizing negotiations with equipment operators this week. They recently completed an engineering study where lab test showed very high quality rocks. The study will be posted on the company's website.

New Colombia is having rock phosphate samples tested. If they prove to be positive for phosphate, the company will approach buyers. The current market price for rock phosphate is $ 111/m3. The company will be visiting with potential buyers of raw building materials at their mine site this week.  The company expects to be set up for operations with the next few weeks.

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 April 2014, they announced their intentions to enter the legal medical cannabis industry in Colombia.  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 José Ltda.
Kra. 3 # 2-52
Guaduas, Cundinamarca
Colombia
+57(1) 846-6579
www.newcolombiaresources.com

SOURCE New Colombia Resources, Inc.