New Colombia Resources Inc fka NEWC

[OneDay4488]

Last News release 9/27/16

New Colombia Resources Receives Notice From National Mining Agency (ANM) That Their Work Plan Adding Raw Building Materials to
2016-09-27T14:13:40Z Email
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New Colombia Resources Receives Notice From National Mining Agency (ANM) That
Their Work Plan Adding Raw Building Materials to Existing
Approval for Metallurgical Coal Is Under Review

Metallurgical Coal Prices Have Surged Over 150% in Past Few Weeks,
Goldman Sachs Says Higher Coking Coal Prices Are Here to Stay

BARRANQUILLA, COLOMBIA -- (Marketwired) -- 09/27/16 -- New Colombia
Resources, Inc. (OTC PINK: NEWC) ("New Colombia or the 'Company"), a
Colombian company listed in the U.S. with premium metallurgical coal
mining titles, is pleased to announce a letter from the Agencia
Nacional de Mineria (ANM) stating the addition of raw building
materials to their existing approved work plan for coal is under
review. The company believes this is a final step before approval.

The letter including the background history of the mining title and
all the works submitted by New Colombia Resources can be viewed at
https://drive.google.com/open?id=0BxSKP5j2FlseY3VGcl9WUUpBa0k

The company's concession contract ILE-09551 for coal and other
grantable minerals submitted a work plan for coal mining in December
2012; it was approved in December 2013. Due to poor market conditions
for coal, in 2014 the company decided to add raw building materials
to the work plan to build a gravel pit to supply the growing
construction and infrastructure projects in Colombia. The
construction market grew by 10% in 2014 making building materials an
attractive market. New Colombia Resources spent much of 2014 raising
the capital needed to hire an international exploration company to
produce a work plan for raw building materials and create other
revenue generating businesses.

In 2015 they hired South American Explorations (SAM) and Diego
Caicedo as project manager. SAM completed the work plan in February
2016 and it was submitted to the ANM. In April 2016, the ANM
performed a site visit to the Company's property and recommended they
redo the work plan to include two gravel pits instead of one in order
to not disturb a small creek that the original plan rerouted. SAM
produced a new mining design that includes two pits instead of one. A
copy of the new mine design can be seen here
https://drive.google.com/open?id=0BxSKP5j2FlseeG91LXY3WllJU28

In June 2016, the company resubmitted the new mine design taking into
consideration the recommendation from the ANM; last week they
received notice it is under review and not to begin mining operations
until final approval. The Company expects final approval in short
order, once approved, the resolution of approval will be forward to
the local environmental agency for their approval to begin mining
operations for both gravel and coal. Plans are to begin immediately
crushing rocks to generate revenue. In 2014 the Company purchased a
rock crushing plant with a 1000 m3/day capacity that will begin to
generate revenue immediately. To see a financial model of the gravel
operation, click here
https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE

New Colombia Resources expects to partner with a major corporation to
begin mining high quality metallurgical coal, however, the cash flow
from the gravel operations will allow them to begin coal mining
operations on their own.

The spot price of coking coal has skyrocketed this year from
$70/tonne to over $ 200/tonne because of China's new policy to
decrease production and other factors. Although the company director,
Erasmo Almanza, entered into a US$ 200 Million LOI with an Asian
firm, New Colombia Resources has been meeting with other major Asian
conglomerates and soliciting steel mills to get the best deal
possible to begin a sizable metallurgical coal mining operation.
Original plans are for output of 30,000 tonne/month, at today's spot
price that would produce monthly revenue of over $ 6,000,000.

Goldman Sachs issued a report last week stating their projection that
coking coal prices will remain high.
http://www.bloomberg.com/news/articles/2016-09-23/goldman-says-higher-coking-
coal-prices-are-here-to-stay

Shares in big board metallurgical coal producers like BHP Billiton,
Consol Energy Inc., and Cloud Peak Energy Inc. have seen significant
price increases in the past few weeks.

The Peace Treaty signed yesterday in Cartagena between Colombia and
the FARC will make generating interest for investment in Colombia
much easier. New Colombia Resource also has a joint venture
manufacturing medical marijuana products and is in the process of
creating sustainable hemp industries in Colombia. To view or purchase
Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook
for photos and testimonials at
https://www.facebook.com/sannabis.cannamedicinal

New Colombia Resources is making strong efforts to retire debt that
is being converted into free trading shares causing pressure to the
company's stock price, although the Company believes this creates an
attractive entry to point for investors.

New Colombia Resources' 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
concession contracts and applications totaling 5000 HA of high
quality metallurgical coal that will always be needed to produce
steel and other specialty metallurgy products. Blue Gem coal miners
in Kentucky are shutting down operations due to over-regulation
creating a supply void the Company intends to fill.

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 www.sannabis.co. For more information on the
Company visit 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
[e-mail]
[e-mail]
Sannabis SAS
www.sannabis.co
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