Colombia Clean Power & Fuels, Inc announced that it has acquired additional Colombian metallurgical coal properties through an acquisition of concessions from a private party. These properties, the Ruku concessions, are located near Socota, Boyaca and complement prior acquisitions the Company has made in the Santander district of Colombia.

he agreement provides CCPF with a 70% working interest in the Ruku concessions, which include active metallurgical coal mining operations. The active operations currently produce approximately 10,000 tons of coal per year. The Company intends to invest additional capital to increase production over the next two years.

The purchase price of approximately USD 4 million includes an initial payment of USD 500,000 that was paid upon the signing of the agreement. The balance will be due in incremental payments to be made over the next three years with the exact amount to be based on the proven reserves as determined by the exploration program, among other conditions of the sale.

Mr Carlos Soto president of the Company's Colombian subsidiary stated that "This is an important transaction for our company, not only because it adds additional properties to our portfolio, but because we are also acquiring an operating, fully-permitted mine. The acquisition of the Ruku concessions accelerates our plans to become a producer of metallurgical coal for the global market. While we will continue to evaluate additional properties for acquisition, our near-term focus is to prove our reserves, while advancing additional production facilities into operation."