Colombia Energy Resources, Inc. released the initial independent resource report on its Ruku Mining Complex. The Ruku Mining Complex is located near the village of San Pedro in the municipality of Socota, a provincial department of Boyaca, Colombia. The total area of the Ruku project is comprised of four adjacent coal mining concessions totaling approximately 91 hectares (226 acres), one of which has been producing metallurgical coal for nearly 18 years. After acquiring the Ruku complex last year, CERX temporarily closed the mine to improve safety protocols and operating conditions. The mine was brought back into production in December and was producing 1,800 tons of coal per month until February, when mining operations were stopped due to vandalism. Maintenance and rehabilitation programs have continued, and management expects production at the mine to restart within 30 days. Coal produced from Ruku has been characterized as high quality, low volatile metallurgical coal with typical quality characteristics approximating 19% volatile matter, 6.5% ash, 4% moisture, <1% sulfur and 14,000 BTUs. The resource report states that Ruku has in excess of 4 million metric tonnes of coal, with measured and indicated resources of 2.4 million metric tonnes, and 1.8 million metric tonnes inferred. The company currently controls more than 25,000 acres in four distinct blocks in Colombia. The Ruku complex is the smallest of the four blocks, and is expected to eventually contribute a smaller amount of overall metallurgical coal production relative to the larger Otanche and Boavita blocks. The company has retained J.T. Boyd to review the 43-101 report as well as conduct resource analysis on other company controlled properties. CERX expects the initial resource reports on its Boyaca properties to be completed later this year.