NW New World Resource Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


New World Resource Corp. ("New World" or the "Company") (TSX
VENTURE:NW)(FRANKFURT:NWU) wishes to announce that it has entered into a letter
of intent with Li3 Energy, Inc. (OTCBB:LIEG) ("Li3") relating to the sale of New
World's lithium assets to Li3. Under the terms of the proposed transaction, New
World will transfer its lithium assets, consisting of its interests in Pastos
Grandes lithium brine project located in Bolivia as well as its 19% interest in
Perfect Lithium Corp., a developmental stage company formed to fund novel
research technology and development of lithium powders used in all lithium ion
batteries, to Li3 in exchange for such number of common shares as is equal to
22.5% of the issued and outstanding shares of Li3 (the "Consideration Shares").


Company President & CEO, John Lando, commented: "This transaction will deliver
value to our shareholders and provides exposure to an excellent lithium brine
project located in Chile that is ranked amongst the top five undeveloped lithium
salar projects in the world, according to the SignumBOX's Performance Index
(SPI) ranking. Li3 management has a solid understanding of the lithium
opportunities within Bolivia and a strong partnership with POSCO Canada Ltd., a
wholly-owned subsidiary of POSCO, a Republic of South Korea company that is one
of the world's largest steel producers." 


About Li3 Energy, Inc.

Li3 Energy, Inc. is an exploration and developmental stage public company in the
lithium mining and energy sector. Li3 aims to acquire, develop and commercialize
a significant portfolio of lithium brine deposits in the Americas. With its
controlling interest in its Maricunga Project, Li3's goals are to: a) support
the global implementation of clean and green energy initiatives; b) meet growing
lithium market demand; and c) become a mid-tier, low cost supplier of lithium,
potassium nitrate, iodine and other strategic minerals, serving global clients
in the energy, fertilizer and specialty chemical industries. POSCO, one of the
largest steel manufacturers in the world, is a strategic partner of Li3.
Additional information regarding Li3 can be found in their recent filings with
the Securities and Exchange Commission ("SEC") as well as the information
maintained on their website www.li3energy.com.


Transaction Terms

The parties have agreed to a 45-day exclusivity period to negotiate the terms of
a definitive agreement. It is expected that the definitive agreement will
contain provisions customary for a transaction of this nature and contemplate
the following provisions:




--  that Li3 will become a British Columbia corporation by way of a plan of
    arrangement; and 
--  that Li3 will obtain conditional approval for the listing of its common
    shares on a Canadian stock exchange.



As part of the proposed transaction, New World intends to distribute the
Consideration Shares to its shareholders on a pro rata basis. 


The proposed transaction will be subject to certain conditions including the
completion of due diligence, the approval of the shareholders of Li3 and
regulatory approval, including the approval of the TSX Venture Exchange.


About New World

New World Resource Corp. is a Canadian based mining exploration company focused
on building a strong, diversified project portfolio within the Americas. The
Company's projects include the Lipena/Bonete copper-gold project and the Pastos
Grandes lithium brine project in Bolivia. The Company currently has C$1.3
million in the treasury.


NEW WORLD RESOURCE CORP.

John Lando, President

This news release includes "forward-looking information", as such term is
defined in applicable securities laws. The forward-looking information includes,
without limitation, statements regarding the completion of the proposed
transaction. This forward-looking information is given as of the date of this
news release. Users of forward-looking information are cautioned that actual
results may vary from the forward-looking information contained herein. While
the Company has based this forward-looking information on its expectations about
future events as at the date that such information was prepared, the information
is not a guarantee of the Company's future performance and is subject to risks,
uncertainties, assumptions and other factors which could cause actual results to
differ materially from future results expressed or implied by such
forward-looking information. Such factors and assumptions include, amongst
others, the effects of general economic conditions, the price of lithium,
changing foreign exchange rates and actions by government authorities,
uncertainties associated with legal proceedings and negotiations and
misjudgments in the course of preparing forward-looking information. In
addition, there are also known and unknown risk factors which could cause the
Company's actual results, performance or achievements to differ materially from
any future results, performance or achievements expressed or implied by the
forward-looking information. Known risk factors include, among others, risks
relating to exploration and development; the ability of the Company to obtain
additional financing; the Company's limited operating history; the need to
comply with environmental and governmental regulations; political and economic
instability and general civil unrest in Bolivia; potential defects in title to
the properties; fluctuations in currency exchange rates; fluctuating prices of
commodities; operating hazards and risks; competition; and other risks and
uncertainties. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ materially from
those described in forward-looking information, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information. The Company is under no
obligation to update or alter any forward-looking information except as required
under applicable securities laws.

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