| ☐                                              | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |
|------------------------------------------------------|------------------------------------------------------------------------------------------|
|                                                 |                                                                                     |
| For the quarterly period ended:   June 30, 2016 |
|                                                 |
| ☐                                              | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| Nevada                                                                                               | 98-0425310                           |
|------------------------------------------------------------------------------------------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization)                                       | (I.R.S. Employer Identification No.) |
|  406 Royal Parkway, Suite 10, Nashville, TN 37214 (Address of principal executive offices) |
|                                                                                                 |
| 888-224-6561                                                                                         |
| (Registrant's telephone number, including area code)                                                 |
|                                                                                                 |
| __________________________________________________________________                                   |
| (Former name, former address and former fiscal year, if changed since last report)                   |
| Large accelerated filer    ☐                                                   | Accelerated filer                     ☐ |
|-----------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated filer      ☐(Do not check if a smaller reporting company) | Smaller reporting company   ☒                                                                                                     |
| Class                            |   | Outstanding at August 16, 2016 |
|----------------------------------|--------|--------------------------------|
|                             |   |                           |
| Common Stock, $0.00001 par value |   | 4,837,886,575                  |

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|                                 | FORM 10-QFIRST COLOMBIA GOLD CORP.June 30, 2016 TABLE OF CONTENTS            |     Page |
|--------------------------------------|----------------------------------------------------------------------------------------|------------------------------|
|                                 |
| PART I – FINANCIAL INFORMATION |
|                                 |
| Item 1.                              | Interim Consolidated Financial Statements.                                             | 3                            |
|                                 |                                                                                   |                         |
| Item 2.                              | Management's Discussion and Analysis of Financial Condition and Results of Operations. | 4                            |
|                                 |                                                                                   |                         |
| Item 3.                              | Quantitative and Qualitative Disclosures About Market Risk.                            | 24                           |
|                                 |                                                                                   |                         |
| Item 4.                              | Controls and Procedures.                                                               | 25                           |
|                                 |                                                                                   |                         |
| PART II – OTHER INFORMATION    |
|                                 |                                                                                   |                         |
| Item 1.                              | Legal Proceedings.                                                                     | 26                           |
|                                 |                                                                                   |                         |
| Item 1A.                             | Risk Factors.                                                                          | 26                           |
|                                 |                                                                                   |                         |
| Item 2.                              | Unregistered Sales of Equity Securities and Use of Proceeds.                           | 26                           |
|                                 |                                                                                   |                         |
| Item 3.                              | Defaults Upon Senior Securities.                                                       | 26                           |
|                                 |                                                                                   |                         |
| Item 4.                              | Mine Safety Disclosures.                                                               | 26                           |
|                                 |                                                                                   |                         |
| Item 5.                              | Other Information .                                                                    | 26                           |
|                                 |                                                                                   |                         |
| Item 6.                              | Exhibits.                                                                              | 28                           |
|                                 |                                                                                   |                         |
| Signatures                           |                                                                                   |                         |
|                                 |                                                                                   |                         |
| Certifications                       |                                                                                   |                         |

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| Our interim condensed consolidated financial statements included in this Form 10-Q as of June 30, 2016 are as follows: |
|-----------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                        |
| F-1                                                                                                                         | Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015. |
|                                                                                                                        |   |
| F-2                                                                                                                         | Condensed Consolidated Statements of Operations for the three months ended June 30, 2016 and 2015. |
|                                                                                                                        |   |
| F-3                                                                                                                         | Condensed Consolidated Statements of Cash Flows for the three months ended June 30, 2016 and 2015. |
|                                                                                                                        |   |
| F-4                                                                                                                         | Notes to Condensed Consolidated Financial Statements. |

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| FIRST COLOMBIA GOLD CORP. AND SUBSIDIARY                                                             |   |
|------------------------------------------------------------------------------------------------------|--------|
| Condensed Consolidated Balance SheetsTHESE FINANCIALS HAVE NOT BEEN REVIEWED                         |   |
|                                                                                                 |   |
|                                                                                                 |   | 30 June |   |   | 31 December |   |
|                                                                                                 |   | 2016 |   |   | 2015 |   |
|                                                                                                 |   | $ |   |   |   | $ |   |   |
| Assets                                                                                               |   |   |   |   |   |   |   |   |
| Current Assets                                                                                       |   |   |   |   |   |   |   |   |
| Cash and cash equivalents                                                                            |   | $ | 482 |   |   | $ | 0 |   |
| Prepaid expenses                                                                                     |   |   | - |   |   |   | - |   |
| Accounts Receivable                                                                                  |   |   | - |   |   |   | - |   |
| Total current assets                                                                                 |   |   | 482 |   |   |   | 0 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Property and Equipment                                                                               |   |   | 330,571 |   |   |   | 377,569 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Total Assets                                                                                         |   | $ | 331,053 |   |   | $ | 377,569 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders' Equity (Deficit)                                                       |   |   |   |   |   |   |   |   |
| Current Liabilities                                                                                  |   |   |   |   |   |   |   |   |
| Accounts payable and accrued liabilities                                                             |   | $ | 710,382 |   |   | $ | 429,113 |   |
| Accounts payable, related parties                                                                    |   |   | 29,550 |   |   |   | 29,550 |   |
| Accrued interest                                                                                     |   |   | - |   |   |   | - |   |
| Convertible notes payable                                                                            |   |   | 1,445,052 |   |   |   | 933,129 |   |
| Notes Payable                                                                                        |   |   | - |   |   |   | - |   |
| Advances - related parties                                                                           |   |   | - |   |   |   | - |   |
| Current portion of long term notes payable                                                           |   |   | - |   |   |   | - |   |
| Derivative liabilities                                                                               |   |   | 3,315,242 |   |   |   | 2,384,783 |   |
| Total Current Liabilities                                                                            |   |   | 5,500,226 |   |   |   | 3,776,575 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Long term notes payable                                                                              |   |   | 264,100 |   |   |   | 264,100 |   |
|  Asset Retirement Obligation                                                                    |   |   | 125,221 |   |   |   | 125,221 |   |
| Total Liabilities                                                                                    |   |   | 5,889,547 |   |   |   | 4,165,896 |   |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders' Deficit                                                                |   |   |   |   |   |   |   |   |
| Stockholders' Deficit                                                                                |   |   |   |   |   |   |   |   |
| Preferred Stock                                                                                      |   |   |   |   |   |   |   |   |
| Blank check preferred stock, par value $0, 150,000,000 shares authorized,                            |   |
|      0 shares issued and outstanding at June 30, 2016 and December 31, 2015 |   |   | - |   |   |   | - |   |
| Series A convertible preferred stock, par value $.001, 50,000,000 shares                             |   |
| authorized, 46,818,000 shares issued and outstanding                                                 |   |
|     at June 30, 2016 and December 31, 2015, respectively                         |   |   | 46,819 |   |   |   | 46,819 |   |
| Series B convertible preferred stock, par value $.001, 33,181,818 shares                             |   |
| authorized, 2,000,000 and 0 shares issued and outstanding                                            |   |   |   |   |   |
|      at June 30, 2016 and December 31, 2015, respectively                   |   |   | 2,000 |   |   |   | - |   |
| Common Stock                                                                                         |   |   |   |   |   |   |   |   |
| Par value $.00001, 10,000,000,000 shares authorized, 4,837,886,575                                   |   |
| shares issued and outstanding at June 30, 2016 and                                                   |   |
| December 31, 2015, respectively                                                                      |   |   | 48,379 |   |   |   | 27,287 |   |
| Additional paid-in capital                                                                           |   |   | 76,116,837 |   |   |   | 75,853,549 |   |
| Accumulated deficit                                                                                  |   |   | (81,675,331 | ) |   |   | (77,715,982 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Total Stockholders' Deficit                                                                          |   |   | (5,588,494 | ) |   |   | (3,778,327 | ) |
|                                                                                                 |   |   |   |   |   |   |   |   |
| Total liabilities and stockholders' deficit                                                          |   | $ | 331,053 |   |   | $ | 377,569 |   |

----

| FIRST COLOMBIA GOLD CORP.                       |
|-------------------------------------------------|
| (Exploration Stage Company)                     |
| Condensed Consolidated Statements of Operations |
| (Unaudited)                                     |
|                                                              |   |                       |          |   |       |   |          |
|-------------------------------------------------------------------|--------|----------------------------|---------------|--------|------------|--------|---------------|
|                                                              |   | For the three months ended |          |   |
|                                                              |   | 30-Jun-16                  |          |   | 30-June-15 |   |          |
|                                                              |   |                       |          |   |       |   |          |
|                                                              |   |                       |          |   |       |   |          |
| Revenues                                                          |   | $                          | 258,110       |   |       | $      | 2,126         |   |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Operating expenses                                                |   |                       | 255,529       |   |       |   | 39,962        |   |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Net Income(Loss) from operations                                  |   |                       | 2,581         |   |       |   | (37,836       | ) |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Other Items                                                       |   |                       |          |   |       |   |          |   |   |
| Gain on extinguishment of debt                                    |   |                       | 0             |   |       |   | 0             |   |   |
| Interest expense                                                  |   |                       | (48,447       | )      |       |   | (384,630)     |   |   |
| Gain/(Loss) on derivative liabilities                             |   |                       | (465,063      | )      |       |   | 334,016       |   |   |
| Total Other Items                                                 |   |                       | (513,510      | )      |       |   | (50,614       | ) |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Net operating income (loss) before income taxes                   |   |                       | (510,929      | )      |       |   | (88,450       | ) |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Future income tax recovery                                        |   |                       | 0             |   |       |   | 0             |   |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Net operating income (loss) from continuing operations            |   | $                          | (510,929      | )      |       | $      | (88,450       | ) |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Basic and Diluted Income(loss) per share                          |   | $                          | (0.00         | )      |       | $      | 0.00          |   |   |
|                                                              |   |                       |          |   |       |   |          |   |   |
| Weighted average shares outstanding of common - basic and diluted |   |                       | 4,837,886,575 |   |       |   | 2,628,765,363 |   |   |
|                                                              |   |                       |          |   |       |   |          |   |   |

----

| FIRST COLOMBIA GOLD CORP. AND SUBSIDIARY                                      |
|-------------------------------------------------------------------------------|
| Condensed Consolidated Statement of Cash Flows                                |
|                                                                               |   |
| THESE FINANCIALS HAVE NOT BEEN REVIEWED                                       |
|                                                                          |   | For the |   |   | For the |   |
|                                                                          |   | three month |   |   | nine month |   |
|                                                                          |   | period ended |   |   | period ended |   |
|                                                                          |   | June 30 |   |   | June 30 |   |
|                                                                          |   | 2016 |   |   | 2015 |   |
|                                                                          |   | $  |   |   | $  |   |
| Cash Flows Used in Operating Activities:                                      |   |   |   |   |   |   |   |   |
|                                                                          |   |   |   |   |   |   |   |   |
|  Net Income (Loss)                                                       |   |   | (510,929 | ) |   |   | (4,691,565 | ) |
| Adjustments to reconcile net loss with net cash used in operating activities: |   |
|  Depreciation and amortization                                           |   |   | 15,666 |   |   |   | 136,816 |   |
|  Common stock issued as compensation                                     |   |   | 0 |   |   |   | 1,800,000 |   |
|  Consulting fees                                                         |   |   | 0 |   |   |   | 482,360 |   |
|  Debt discount amortization and origination interest                     |   |   | 0 |   |   |   | 533,073 |   |
|  Gain on extinguishment of debt                                          |   |   | 0 |   |   |   | (293,143) |   |
|  Gain/(Loss) on derivative liabilities                                   |   |   | (465,063) |   |   |   | 1,701,699 |   |
|  Changes in operating assets and liabilities                             |   |   |   |   |   |   |   |   |
|  Other Receivable & Prepaid Expenses                                 |   |   | - |   |   |   | - |   |
|  Increase (decrease) in accounts payable – related parties         |   |   | - |   |   |   | - |   |
|  Increase (decrease) in accounts payable and accrued liabilities         |   |   | 100,000 |   |   |   | (38,293) |   |
|                                                                          |   |   |   |   |   |   |   |   |
|  Net Cash used in Operating Activities                                   |   |   | (860,326) |   |   |   | (369,053 | ) |
|                                                                          |   |   |   |   |   |   |   |   |
|  Net Cash Used In Investing Activities                                   |   |   |   |   |   |   |   |   |
|  Sale of fixed assets                                                    |   |   | 0 |   |   |   | 85,000 |   |
|                                                                          |   |   |   |   |   |   |   |   |
|  Net Cash Used In Investing Activities                                   |   |   | 0 |   |   |   | 85,000 |   |
|                                                                          |   |   |   |   |   |   |   |   |
|  Cash Flows From Financing Activities:                                   |   |   |   |   |   |   |   |   |
|  Proceeds from notes payable                                             |   |   | 0 |   |   |   | 250,220 |   |
|  Cost of repurchase of common stock                                      |   |   | - |   |   |   | - |   |
|  Warrants exercised                                                      |   |   | - |   |   |   | - |   |
|  Issuance of common stock, net of share issue costs                      |   |   | - |   |   |   | - |   |
|                                                                          |   |   |   |   |   |   |   |   |
|  Net Cash Provided by Financing Activities                               |   |   | 0 |   |   |   | 250,220 |   |
|                                                                          |   |   |   |   |   |   |   |   |
| Net Increase (Decrease) in Cash                                               |   |   | (858) |   |   |   | (33,833) |   |
|                                                                          |   |   |   |   |   |   |   |   |
|  Cash at Beginning of Period                                             |   |   | 1,341 |   |   |   | 33,833 |   |
|                                                                          |   |   |   |   |   |   |   |   |
|  Cash at End of Period                                                   |   |   | 483 |   |   |   | 0 |   |
|                                                                          |   |   |   |   |   |   |   |   |
| Supplemental disclosure of noncash investing and financing activities :       |   |
|                                                                          |   |   |   |   |   |   |   |   |
| Common shares issued for settlement of accounts payable                       |   |   | 0 |   |   |   | 0 |   |
| Common shares issued for settlement of notes payable                          |   |   | 0 |   |   |   | 201,296 |   |
| Common shares issued for services                                             |   |   | 0 |   |   |   | 2,282,360 |   |
|                                                                          |   |

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| 1.    | Nature, Basis of Presentation and Continuance of Operations |
|-----------------|-------------------------------------------------------------|

----

| 2.    | Significant Accounting Policies |
|-----------------|---------------------------------|
| Furniture, computer and office equipment | Five years  |
|------------------------------------------|-------------|
|                                     |        |
| Computer software                        | Three Years |

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| 3.    | Mineral Property Interests |
|-----------------|----------------------------|

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| 4.    | Property and Equipment |
|-----------------|------------------------|
| 5.    | Convertible Promissory Notes |
|-----------------|------------------------------|

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----

----

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|   | 10,000,000,000 common shares with par value of $0.00001         |
|--------|-----------------------------------------------------------------|
|   |                                                            |
|   | 150,000,000 blank check preferred shares with no par value      |
|   |                                                            |
|   | 50,000,000 Series A preferred shares with a par value of $0.001 |

----

|   | Level 1: | classification is applied to any asset or liability that has a readily available quoted market price from an active market where there is significant transparency in the executed/quoted price. |
|--------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Level 2: | classification is applied to assets and liabilities that have evaluated prices where the data inputs to these valuations are observable either directly or indirectly, but do not represent quoted market prices from an active market. |
|--------|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Level 3: | classification is applied to assets and liabilities when prices are not derived from existing market data and requires us to develop our own assumptions about how market participants would price the asset or liability. |
|--------|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                   |   |   |          |   |   | Fair Value Measurements Using |
|------------------------|--------|--------|---------------|--------|--------|-------------------------------|
|                   |   |   |          |   |   |                          |
|                   |   |   | Total Fair    |   |   | Quoted prices in              |   |   | Significant other |   |   | Significant |
|                   |   |   | Value at      |   |   | active markets                |   |   | observable inputs |   |   | Unobservable inputs |
| Description            |   |   | June 30, 2016 |   |   | (Level 2)                     |   |   | (Level 2) |   |   | (Level 3) |
|                   |   |   |          |   |   |                          |   |   |   |   |   |   |
| Derivative liabilities |   | $      | 3,150,242     |   | $      | -                             |   | $ | 3,150,242 |   | $ | - |

----

----

| ● | risk that we will not be able to remediate identified material weaknesses in our internal control over financial reporting and disclosure controls and procedures;                                                                                                                                                                                                                                     |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | risk that we are not able to meet the requirements of agreements under which we may have any cash payments to on the option or any exploration obligations that we have regarding these properties, which could result in the loss of our right to exercise these options to acquire certain mining, oil mineral rights underlying these properties; or loan guarantees that Company is obligated for; |
| ● | the risk that we will be unable to pay our debt obligations as they become due or comply with the covenants contained in agreements with debt holders;                                                                                                                                                                                                                                                 |
| ● | risk that we will be unable to secure additional financing in the near future in order to commence and sustain our planned exploration work and be forced to cease our exploration and development program;                                                                                                                                                                                            |
| ● | risk that we cannot attract, retain and motivate qualified personnel, particularly employees, consultants and contractors for our operations in the United States;                                                                                                                                                                                                                                     |
| ● | risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits;                                                                                                                                                                                                                                                                        |
| ● | results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results or oil production will not be consistent with our expectations;                                                                                                                                                                                    |
| ● | Mining or Oil and development risks, including risks related to accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with or interruptions in production;                                                                                                                                                                                                               |
| ● | the potential for delays in exploration or development activities or the completion of feasibility studies;                                                                                                                                                                                                                                                                                            |
| ● | risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses;                                                                                                                                                                                                                                                                        |
| ● | risks related to commodity price fluctuations;                                                                                                                                                                                                                                                                                                                                                         |
| ● | the uncertainty of profitability based upon our history of losses;                                                                                                                                                                                                                                                                                                                                     |
| ● | risks related to failure to obtain adequate financing on a timely basis and on acceptable terms for our planned exploration and development projects;                                                                                                                                                                                                                                                  |
| ● | risks related to environmental regulation and liability;                                                                                                                                                                                                                                                                                                                                               |
| ● | risks that the amounts reserved or allocated for environmental compliance, reclamation, post-closure control measures, monitoring and on-going maintenance may not be sufficient to cover such costs;                                                                                                                                                                                                  |
| ● | risks related to tax assessments;                                                                                                                                                                                                                                                                                                                                                                      |
| ● | Risks that our interest in oil leases and wells may not produce revenue due to complications related to prior joint ventures with claims on oil lease and well revenue                                                                                                                                                                                                                                 |
| ● | political and regulatory risks associated with mining development and exploration; and                                                                                                                                                                                                                                                                                                                 |
| ● | other risks and uncertainties related to our prospects, properties and business strategy.                                                                                                                                                                                                                                                                                                              |

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----

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| Andesite         | A gray, fine-grained volcanic rock, chiefly plagioclase and feldspar                                                                  |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------|
| Argentite        | A valuable silver ore, Ag2S, with a lead-gray color and metallic luster that is often tarnished a dull black                          |
| Arsenic          | A very poisonous metallic element that has three allotropic forms                                                                     |
| Arsenopyrite     | A silvery-gray mineral consisting of an arsenide and sulfide of iron                                                                  |
| Basalt           | An extrusive volcanic rock composed primarily of plagioclase, pyroxene and some olivine                                               |
| brecciated tuffs | Rocks in which angular fragments are surrounded by a mass of fine grained minerals                                                    |
| Chalcopyrite     | A sulphide mineral of copper and iron the most important ore mineral of copper                                                        |
| Cretaceous       | Geologic period and system from circa 145.5 ± 4 to 65.5 ± 0.3 million years ago                                             |
| Diorite          | An intrusive igneous rock composed chiefly of sodic plagioclase, hornblende, biotite or pyroxene                                      |
| Electrum         | An alloy of silver and gold                                                                                                           |
| Eocene           | the second epoch of the Tertiary Period                                                                                               |
| Epithermal       | Pertaining to mineral veins and ore deposits formed from warm waters at shallow depth                                                 |
| Fault            | A break in the Earth's crust caused by tectonic forces which have moved the rock on one side with respect to the other.               |
| Galena           | Lead sulphide, the most common ore mineral of lead                                                                                    |
| Granodiorite     | a phaneritic igneous rock with greater than 20% quartz                                                                                |
| Hornfels         | A fine-grained metamorphic rock composed of quartz, feldspar, mica, and other minerals                                                |
| Humus            | organic component of soil, formed by the decomposition of leaves and other plant material by soil microorganisms                      |
| Igneous          | Formed by the solidification                                                                                                          |
| kaolin-chlorite  | A fine soft white clay, used for making porcelain and china, as a filler in paper and textiles, and in medicinal absorbents           |
| Metamorphism     | The process by which the form and structure of rocks is changed by heat and pressure                                                  |
| Miocene          | the fourth epoch of the Tertiary period.                                                                                              |
| montmorillonite  | An aluminum-rich clay mineral of the smectite group, containing sodium and magnesium                                                  |
| paragenesis      | A set of minerals that were formed together, esp. in a rock, or with a specified mineral                                              |
| Piedrancha       | A fault line in Colombia                                                                                                              |
| Reserves         | That part of a mineral deposit which could be economically and legally extracted or produced at the time of the reserve determination |
| Sericite         | a fine grained mica, either muscovite, illite, or paragonite                                                                          |
| Shale            | Sedimentary rock formed by the consolidation of mud or silt                                                                           |
| Sphalerite       | A zinc sulphide metal; the most common ore mineral of zinc                                                                            |
| Tertiary         | Stones deposited during the Tertiary period lasting from about 65 million to 1.6 million years ago                                    |
| Zinc             | a silvery-white metal that is a constituent of brass and is used for coating (galvanizing)                                            |

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| ● | Building economies of scale in exploration , development , production and distribution                                                                            |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● | Adding reserves and increasing production by providing capital for exploration, equipment and well enhancement                                                    |
| ● | Conducting exploration on properties and oil interests acquired which prior owners were unable to do due to financial or other constraints                        |
| ● | Seek to be vertically integrated by building our own oil field services capability for drilling, maintenance and development wherever this is more cost effective |
| ● | A revenue, profit or royalty interest in certain oil wells and leases                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------|
| ● | As a contractor providing oil well services ranging from drilling to operating to maintaining                                  |
| ● | Exploring and producing from wells and leases we own outright, which are subject to third-party royalties or working interests |

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| ● |   | the amounts and types of substances and materials that may be released into the environment, |
|---------|--------|----------------------------------------------------------------------------------------------|
| ● |   | the discharge and disposition of waste materials, |
|---------|--------|---------------------------------------------------|
| ● |   | the reclamation and abandonment of wells and facility sites, and |
|---------|--------|------------------------------------------------------------------|
| ● |   | the remediation of contaminated sites, |
|---------|--------|----------------------------------------|

----

| ● |   | permits for drilling operations, |
|---------|--------|----------------------------------|
| ● |   | drilling bonds, and |
|---------|--------|---------------------|
| ● |   | reports concerning operations. |
|---------|--------|--------------------------------|
| ● |   | Clean Air Act, |
|---------|--------|----------------|
| ● |   | Oil Pollution Act of 1990, |
|---------|--------|----------------------------|
| ● |   | Federal Water Pollution Control Act, |
|---------|--------|--------------------------------------|
| ● |   | Resource Conservation and Recovery Act ("RCRA"), |
|---------|--------|--------------------------------------------------|
| ● |   | Toxic Substances Control Act, and |
|---------|--------|-----------------------------------|
| ● |   | Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA"). |
|---------|--------|----------------------------------------------------------------------------------|
| ● |   | drilling, |
|---------|--------|-----------|
| ● |   | development and production operations, |
|---------|--------|----------------------------------------|
| ● |   | activities in connection with storage and transportation of oil and other liquid hydrocarbons, and |
|---------|--------|----------------------------------------------------------------------------------------------------|
| ● |   | use of facilities for treating, processing or otherwise handling hydrocarbons and wastes. |
|---------|--------|-------------------------------------------------------------------------------------------|
| ● |   | unit production expenses primarily related to the control and limitation of air emissions and the disposal of produced water, |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------|
| ● |   | capital costs to drill exploration and development wells resulting from expenses primarily related to the management and disposal of drilling fluids and other oil and natural gas exploration wastes, and |
|---------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ● |   | capital costs to construct, maintain and upgrade equipment and facilities and remediate, plug and abandon inactive well sites and pits. |
|---------|--------|-----------------------------------------------------------------------------------------------------------------------------------------|

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| ● |   | a "generator" or "transporter" of hazardous waste, or |
|---------|--------|-------------------------------------------------------|
| ● |   | an "owner" or "operator" of a hazardous waste treatment, storage or disposal facility. |
|---------|--------|----------------------------------------------------------------------------------------|
| ● |   | the "owner" or "operator" of the site where hazardous substances have been released, and |
|---------|--------|------------------------------------------------------------------------------------------|
| ● |   | companies that disposed or arranged for the disposal of the hazardous substances found at the site. |
|---------|--------|-----------------------------------------------------------------------------------------------------|
| ● |   | remove or remediate previously disposed wastes, including wastes disposed of or released by prior owners or operators, |
|---------|--------|------------------------------------------------------------------------------------------------------------------------|
| ● |   | clean up contaminated property, including contaminated groundwater, or |
|---------|--------|------------------------------------------------------------------------|
| ● |   | perform remedial plugging operations to prevent future contamination. |
|---------|--------|-----------------------------------------------------------------------|

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| i)   | Lack of segregation of duties.  At this time, our resources and size prevent us from being able to employ sufficient resources to enable us to have adequate segregation of duties within our internal control system.  Management will periodically reevaluate this situation. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ii)   | Lack of an independent audit committee. Although the Board of Directors serves an audit committee it is not comprised solely of independent directors. We may establish an audit committee comprised solely of independent directors when we have sufficient capital resources and working capital to attract qualified independent directors and to maintain such a committee. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| iii)   | Insufficient number of independent directors. At the present time, our Board of Directors does not consist of a majority of independent directors, a factor that is counter to corporate governance practices as set forth by the rules of various stock exchanges. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ExhibitNo. |   | Description                                                                                                                                                                   |   | FiledHerewith |
|------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|
|       |   |                                                                                                                                                                          |   |          |
| 31.1       |   | Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |   | X             |
|       |   |                                                                                                                                                                          |   |          |
| 31.2       |   | Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                             |   | X             |
|       |   |                                                                                                                                                                          |   |          |
| 32.1       |   | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |   | X             |

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|                               |    | First Colombia Gold Corp.                                                                        |
|------------------------------------|---------|--------------------------------------------------------------------------------------------------|
|                               |    |                                                                                             |
|                               |    |                                                                                             |
|                               |    |                                                                                             |
|                               |    |                                                                                             |
| Date:   January 10, 2017 | By:     | /s/    Jason Castenir                                                             |
|                               |    |         Jason Castenir                              |
|                               | Title : |         Chief Executive Officer (Principal Executive Officer) |
|                               |    |                                                                                             |
|                               |    |                                                                                             |
| Date:  January 10, 2017       | By:     | /s/   Jason Castenir                                                                   |
|                               |    |        Jason Castenir                                              |
|                               | Title:  |        Chief Financial Officer (Principal Accounting Officer)      |

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