New World Resource Corp.
TSX VENTURE : NW

New World Resource Corp.

November 18, 2009 14:16 ET

New World Finalizes Additional Lithium Concessions-Brine Specialist Appointed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2009) - New World Resource Corp. (TSX VENTURE:NW) (the "Company"), announces that the previously announced letter of intent with Alberto Sivila regarding the purchase of the Pastos Grandes Salar has been finalized into a joint venture agreement ("Joint Venture"). The Joint Venture has a term of 15 years and the Company has a right to earn a 97% interest by making payments of US$10,000 (paid) upon signing the Joint Venture, US$1,000 per month during the first and second year of the Joint Venture and US$2,000 per month during the subsequent years. The Company may acquire an additional 2% interest at any time during the term of the Joint Venture by paying an additional US$500,000. New World now controls interests in concessions covering 6,801 hectares.

The 40 day term of the letter of intent previously announced on August 28, 2009 with Empresa Minera Kellguani S.A. has lapsed. The Company is currently in discussions and terms are expected to be announced shortly.

The Company has appointed Dr. Thomas Henricksen, PhD Economic Geology, as a special consultant to the Company. Dr. Henricksen has 35 years of experience in the mineral exploration industry. Previous employers include Norsemont Mining, Bear Creek Mining Company, Kennecott Exploration and Rio Tinto Exploration. Dr. Henricksen managed a successful borate exploration program that resulted in the discovery of significant borate deposits in southern Bolivia while with Rio Tinto and will bring to the Company a valuable knowledge of the Brine deposits of Bolivia and elsewhere in South America. Dr. Henricksen is currently consulting for Apoquindo Minerals in Peru and Chile.

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

This news release includes "forward-looking information", as such term is defined in applicable securities laws. The forward-looking information includes, without limitation, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual results may vary from the forward-looking information. A number of material factors, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information. Such factors include, among others, risks and uncertainties 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. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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