SOURCE: New Colombia Resources, Inc.

New Colombia Resources, Inc.

January 28, 2015 07:00 ET

REPEAT - New Colombia Resources Receives Technical Evaluation From Environmental Agency of Their Impact Study for Their Coal Mine in Colombia

Company Meets With Ministry of Justice and United Nations to Discuss Hemp and Cannabis-Based Medical Products

BOGOTA, COLOMBIA--(Marketwired - Jan 28, 2015) - 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.

On January 24, 2015, Erasmo Almanza, Director, and company engineers visited with the environmental agency in Guaduas, Cundinamarca. Mr. Almanza received a technical report of the environmental impact study of New Colombia's wholly owned concession contract ILE-09551 dated January 19, 2015. A copy of this report is posted on the company's website at http://www.newcolombiaresources.com/documents.php.

The report requested additional information, which the company had been working on for the past several weeks since their last visit. The company is compiling the information in the format requested by the agency and will submit this information within the next few days. Once submitted, the Company expects a resolution and their environmental license shortly thereafter. New Colombia has operators and potential buyers anticipating start of production soon.

Mr. Almanza also advised the local municipality of Guaduas of New Colombia's new hemp program for the region. New Colombia is growing industrial hemp on their underground coal mine that will produce building blocks from hemp stalk and raw building materials abundant on their site. New Colombia is also establishing a hemp seed oil industry to supply international markets with high quality organic hemp seed oil to be used in consumables and cosmetics.

Sannabis officials met with representatives of the United Nations on January 16, 2015 to discuss hemp production and medical cannabis cultivation on indigenous land. Another meeting is scheduled next month to formalize a relationship.

On January 13, 2015, Sannabis officials met with the Director of Politics against Drugs and Related Activities, a department under the Ministry of Justice, advising them of their activity of growing and processing cannabis into medicines on Indian reservations. Sannabis received full support for the project of producing cannabis-based medicines while helping patients and indigenous societies.

"I realize our timelines on our mining operations have been floating due to government delays, however, our high quality assets are still there with increasing demand," stated John Campo, President of New Colombia Resources. Mr. Campo further stated, "Our cannabis project protocols will be a model for the Colombian senate to consider in the debates for the legalization of medical marijuana in March. We're creating a sustainable new hemp industry for Colombia."

For information on Sannabis, please visit www.sannabis.co, while under construction.

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. For more information on the Company visit www.newcolombiaresources.com.

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.

Contact Information

  • Company Contact:
    New Colombia Resources, Inc.
    John Campo
    President/Chairman
    (1)-410-236-8200 USA
    jcampo@newcolombiaresources.com

    New Colombia Resources, Inc., mining subsidiary
    Cia. Minera San Jose Ltda.
    Kra. 3 # 2-52
    Guaduas, Cundinamarca, Colombia
    (57) 313-310-4366
    www.newcolombiaresources.com