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Company Reveals Plans for Railroad Extension for Coal Exports

        Company Reveals Plans for Railroad Extension for Coal Exports

  PR Newswire

  CORAL SPRINGS, Florida, January 31, 2013

CORAL SPRINGS, Florida, January 31, 2013 /PRNewswire/ --

New Colombia Resources, Inc. (OTC: NEWC ) announced today its plans of a
Public Private Partnership for a potential $350Million project with the
Agencia Nacional de Infraestructura (ANI) of Colombia to build a railroad that
will move its high quality metallurgical coal from central Colombia to export
terminals on the northern coast. The Company is in talks with consultants to
develop a pre-feasibility study to submit to the ANI. Once the
pre-feasibility study is approved by the ANI, New Colombia Resources and its
partners will own the project and commence the feasibility study. Once the
feasibility study is approved, the consortium will be granted a 30 year
railroad concession. "An ownership stake in a railroad should significantly
increase our profit margins," stated John Campo, President of New Colombia
Resources, Inc. (OTC: NEWC ).

Since the Free Trade Agreement (FTA) with Colombia was approved by the United
States, commerce between Colombia and the U.S. has increased creating a need
for more infrastructure projects to move cargo. Shipping containers from the
ports of Barranquilla and Cartagena are mostly trucked 500 miles to the
capital city of Bogota with over 7 Million people. The pre-feasibility study
will identify shippers, with letters of intent, that need to move cargo to and
from the ports. The railroad will move coal north and assorted goods south.
Fuel prices in Colombia are over $ 5/gallon; this project will not only cut
costs for shippers but significantly reduce traffic congestion and emissions
related pollution. Over 6 MM tonnes of cargo is shipped from central Colombia
to the ports each year, 3 MM tonnes of this is coal. NEWC expects this amount
to increase substantially once all the exploration projects in the area are
developed.

"Central Colombia has some of the highest quality coal reserves in the world,
our job is to not only get it out of the ground, but move it to the export
terminals. One of the biggest problems coal companies face in Colombia is
getting coal to the ports, producers in the region are trucking coal to the
ports at a profit. We have identified several large multi-national companies
that are exploring in our area that would benefit from this railroad." stated
John Campo.

With regards to the Free Trade Agreement, the mining industry is optimistic
about wielding Congress and the courts this year to push an agenda focused on
expanding mining on federal lands and coal export capacity, as well as
fighting EPA's greenhouse gas regulations. "There's not one corner of the
Congress where we don't have strong friends," said Rich Nolan, the National
Mining Association's senior vice president for government affairs. Globally,
coal consumption is expected to increase 2.6 percent annually by 2017,
according to the International Energy Agency's recent Medium-Term Coal Market
Report. Global coal demand could reach 4.32 billion tons of oil equivalent,
threatening oil as the top energy source. In comparison, oil consumption is
forecast to be 4.4 billion tons. Coal names across the board have been losing
steam for over a year, as the industry struggles in the face of cheaper
natural gas, regulatory pressure and the global slowdown. However, signs of
stabilization continue to be seen at large Coal Producing companies such as
Walter Energy, Inc. (NYSE: WLT ), Alpha Natural Resources, Inc. (NYSE: ANR )
and Peabody Energy's (NYSE: BTU ) latest financial results are providing a
lift for industry shares.

Walter Energy, Inc. (NYSE: WLT ) produces and exports metallurgical coal for
the steel industry primarily in the United States. The company also produces
thermal and industrial coal, anthracite, metallurgical coke, coal bed methane
gas, and other related products. Alpha Natural Resources, Inc. (NYSE: ANR ),
together with its subsidiaries, engages in producing, processing, and selling
steam and metallurgical coal in the United States. Peabody Energy's (NYSE:
BTU ) engages in the mining of coal. It mines, prepares, and sells thermal
coal to electric utilities and metallurgical coal to industrial customers. The
company owns interests in 30 coal mining operations located in the United
States and Australia, as well as owns joint venture interest in a Venezuela
mine.

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