New Colombia Resources Inc fka NEWC

[KEEMAJO]

New Colombia Resources Inc. Announces US$90 Million Purchase Order for Metallurgical Coal from a Major Steel Trader for Delivery to China Steel Mills

First shipment is scheduled for April 2017 with subsequent shipments through December

BARRANQUILLA, COLOMBIA--(Marketwired - Jan 5, 2017) - New Colombia Resources, Inc. (OTC: NEWC) ("New Colombia or the 'Company"), a Colombian company listed in the U.S. with premium metallurgical coal properties and medical marijuana operations, is pleased to announce they have signed a US$ 90 Million purchase agreement for metallurgical coal with American Steel Industries, LLC (ASI) of Philadelphia, PA, a joint venture partner with a Chinese Government owned Multi-Billion Dollar Commodities and Steel Trading Company. ASI has been exporting steel from China for the past 12 years and is one of its largest steel exporters, for more information about ASI, visit http://www.asi-steel.com/.

Deliveries loaded at the port in Colombia for shipment to South China in 2017 will be as follows:

April- 60,000 tonnes
May- 40,000 tonnes
June- 40,000 tonnes
July-December- 60,000 tonnes/month