First Colombia Gold Set to Add Revenue Producing Properties to Its Portfolio

NASHVILLE, TN--(Marketwired - Dec 1, 2015) - First Colombia Gold Corp (OTC PINK: FCGD) announced today that the company, through its subsidiary Enterprise Partners, has signed a purchase and sale agreement to acquire four revenue producing properties in Georgia. These multi-use properties consist of two convenience stores, three restaurants, and two car wash locations that feature both self-serve and automated washes. With the purchase, which was signed on Monday November 30, 2015, First Colombia Gold through its subsidiary Enterprise Partners is acquiring the real estate and will allow the current business operators to continue to run their businesses as is. However, First Colombia Gold Corp plans to sign a fuel supply agreement with the existing convenience stores as part of the renewed lease agreements. This will enable First Colombia Gold Corp to supply approximately 150,000 gallons per month of fuel to the two convenience store locations.

Three of these properties included in the purchase and sale agreement are located in the desirable family oriented suburbs of Atlanta near I-85 and I-985. This area outside of Atlanta is home to million dollar homes, Stone Mountain and the resort areas of Lake Lanier. The fourth property is located outside of Saint Simons Island off of I-95.

Jason Castenir, CEO of First Colombia Gold, stated, "These convenience stores are just another step in the long-term strategy we have for First Colombia Gold. By incorporating fuel supply into the lease agreement, we are able to monumentally increase our revenue through this acquisition."

The property located in Brunswick, Georgia, includes a gas station and convenience store with a small shopping complex. Current tenants include two chain restaurant franchises and a locally owned restaurant.

The property located in Buford, Georgia, includes a gas station and convenience store, along with a locally owned dry cleaner and two currently vacant spots that include a Quick-Serve Restaurant (QSR) and an office space. The company plans to find a tenant for both locations, but is considering the QSR space as an additional location for its recently acquired Maryland Fried Chicken franchise, owned by its subsidiary, Triangle Restaurant Group.