NW New World Resource Corp

New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) ("New World" or the
"Company") announces that it has entered into a letter of intent ("LOI") with
Sociedad Contractual Minera El Tesoro ("the Owner") relating to the El Tesoro
copper-gold project ("El Tesoro" or "the Project"), located approximately 250
kilometres ("km") north of Santiago and 35 km from the town of Illapel, in
Region IV of Chile. Under the terms of the proposed transaction, New World will
have the option to acquire up to 100% of the Project.


Project

El Tesoro is located within the Coastal Cordillera of Chile which contains
numerous world-class mineral deposits. The Project is host to geological
features similar to the archetype Candelaria iron-oxide-copper-gold ("IOCG")
deposit, as well as the pre-feasibility stage El Espino IOCG deposit, which
contains approximately 1.467 billion pounds of copper and 755,000 ounces of
gold, and is owned by Sociedad Punta del Cobre (Pucobre). The El Espino deposit
is located approximately 3.5 km to the south of El Tesoro. The mineralized
system at El Tesoro includes a 1.8 x 1.5 km alteration zone with a strong
potassic-altered centre and albite-silica halo. A near-surface meso-thermal vein
system hosts gold, copper, and iron mineralization with an extensive history of
artisanal mining activity.


El Tesoro covers an area of 320 hectares with year round road access, and rail
and high-tension power within close proximity. The Illapel region has a long
history of mining, with artisanal copper and gold mining continuing to the
present day.


Company President & CEO, John Lando, commented: "This transaction will allow New
World to initiate its new direction with a low-risk opportunity in a
well-established mining-friendly jurisdiction rich in mineral resources. The El
Tesoro project is positioned in an excellent location within a highly
prospective geological setting." 


Transaction Terms

Under the LOI, the parties have agreed to a 90-day exclusivity period to
complete a due diligence and negotiate the terms of a definitive agreement. The
agreement will provide for New World to make cash payments of US$600,000 to the
Owner and incur US$1 million in exploration expenditures over two years,
complete a Feasibility Study on the Project and make a cash payment to the Owner
equal to US$0.50 per tonne of proven and probable reserves as defined in the
Feasibility Study. Upon completion of the payments and exploration expenditures,
New World will own 100% of the Project.


The Company may acquire 100% of the Project at any time during the first four
years of the Option Agreement by electing to pay US$15 million to the Owner. The
Owner will retain a 1% net smelter royalty ("NSR"), except in the case New World
elects to acquire a 100% interest in the Project by paying US$15 million. In
such case, the NSR will be subsequently increased from 1% to 1.5%. 


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


Quality Control and Assurance

Exploration work on the El Tesoro project will be under the supervision of Brian
McEwen, P.Geol., the Company's Chief Operating Officer, who is a "qualified
person", as defined in NI 43-101, and is responsible for the preparation of the
technical information contained in this news release.


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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New World Resource Corp.
John Lando
(604) 669-2701 or Toll Free: 1-800-663-0510


New World Resource Corp.
Ian Mitchell
(604) 669-2701 or Toll Free: 1-800-663-0510
(604) 687-4670 (FAX)
info@newworldresource.com
www.newworldresource.com

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