NW New World Resource Corp

New World Resource Corp. ("New World" or the "Company") (TSX
VENTURE:NW)(FRANKFURT:NWU) announces that the letter of intent dated January 19,
2012 as amended March 4, 2012 with Li3 Energy, Ltd. ("Li3") related to the
proposed sale of the Company's lithium assets to Li3 has expired due to the
inability of the Company and Li3 to agree on the definitive terms of the
transaction. The board of directors of New World has elected not to extend
negotiations any further. 


The Company will continue to pursue and evaluate other means of commercializing
the Company's lithium assets and management will continue to investigate
strategic partnership opportunities to further develop the project and enhance
the value of the Company's other lithium asset; a 18% interest in Perfect
Lithium Corp., a privately held lithium technology company.


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. 


NEW WORLD RESOURCE CORP.

John Lando, President

This news release includes "forward-looking information", as such term is
defined in applicable securities laws. 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.

New World Resource (TSXV:NW)
Historical Stock Chart
From May 2024 to Jun 2024

New World Resource (TSXV:NW)
Historical Stock Chart
From Jun 2023 to Jun 2024