New World Resource Corp.
TSX VENTURE : NW

New World Resource Corp.

October 26, 2007 13:09 ET

New World Announces $1 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2007) -

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

New World Resource Corp. (the "Company") (TSX VENTURE:NW) announces its intention to undertake, subject to regulatory approval, a non-brokered private placement of up to 2,000,000 units (the "Units") at a price of $0.50 per Unit for gross proceeds of up to $1,000,000.

Each Unit will comprise of one common share and one warrant to purchase an additional common share at a price of $0.70 for a period of one year. A finder's fee payable in cash or securities will be paid on portions of this financing.

The proceeds of this financing will be used for further exploration of the Company's La Negra lead-zinc-silver project in central Chile and Long Valley gold project in Nevada, and to commission an independent resource estimate on the Lipena gold-copper project in Bolivia.

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.

NEW WORLD RESOURCE CORP.

John Lando, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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