First Colombia Gold Corp. announced the resignation of Dr. E. Robert Gates as its CEO and member of the board. With the resignation of Dr. Gates, the company announced that Mr. Jason Castenir will become its new CEO and Chairman of the Board, effective immediately.

Castenir brings a wealth of experience and knowledge to First Colombia Gold Corp. and had previously been serving as a consultant and advisor to the company and was instrumental in the company's recent oil and gas acquisition. Throughout his professional career Mr. Castenir has successfully run and led numerous companies in a wide variety of sectors including import/export, manufacturing and direct sales.

In the past several years, Mr. Castenir has served as a private business consultant aiding companies of all sizes address their capitalization needs, improve their balance sheet and cash flow, and has been an industry leader in implementing effective growth and development strategies for small and medium sized companies.