First Colombia Gold Corp. (FCGD)

Singa Energy & First Colombia Gold in Negotiations to Open Power Plant in Nepal


Nashville, TN -- (ReleaseWire) -- 04/20/2016 --First Colombia Gold Corp. (OTC PINK:FCGD) ("First Colombia" or "The Company"), now operating under the name Singa Energy Solutions, announced today that they are in negotiations with the country of Nepal to open a hyro-electric power plant in that country. The company further announced that the founder of Singa Energy, Mr. Alexander Misra, along with its Vice President of Asia Development, Mr. Aziz Kahn, are currently in Nepal meeting with the country's leadership in efforts to reach a formal agreement.

"This is very exciting news for the company and our shareholders," Stated Mr. Misra. "When we began working on this acquisition and merger with First Colombia Gold Corp. this was our goal, to introduce global energy projects that would bring predictable cash flow and profitability for a long period of time, while placing the company into opportunities that are really meaningful and beneficial to people around the world."

"It has been a great honor meeting with Nepal's Minister of Energy, the Honoroable Mr. Top Bahadur Ravamajhi in Nepal these past couple of days," Added Mr. Kahn. "The leadership in Nepal are very gifted, talented people who have a great vision for that country and they are aggressively working to bring that vision into a reality."

The Company has stated that they believe they are very close to reaching a formal agreement with the government of Nepal and will continue to keep the shareholders updated regarding the progress of this exciting opportunity. "As I stated numerous times, the opportunities that are now available to us because of our acquisition of Singa Energy are limitless and this announcement is just another example of the exciting days that are ahead of this company. This is really good news for our company, our shareholders, and truly this is very rewarding work as we work with the government of Nepal to improve the lives and access to energy for the people of Nepal," said Jason Castenir, CEO of First Colombia Gold Corp.

To view the picture of the above representatives, Mr. Alexander Misra, Founder of Singa Energy Solutions, Mr. Top Bahadur Rayamajhi, Minister of Energy for the Government of Nepal, Mr. Aziz Kahn, Vice President of Asia Development for Singa Energy Solutions, please click here

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This release contains forward-looking statements that are based on beliefs of First Colombia Gold Corp. management and reflect First Colombia Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of First Colombia Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, First Colombia Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance First Colombia Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.

First Colombia Gold Corp.

Source: Uptick Newswire