New World Resource Corp.

New World Resource Corp.

October 05, 2009 13:14 ET

New World Sampling Confirms Positive Chemistry at Pastos Grandes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2009) - New World Resource Corp. (TSX VENTURE:NW) (the "Company") announces the results of the Pastos Grandes salar brine sampling program.

The Company collected a total of 15 brine samples and 4 surficial water samples on a modified grid covering the entire Pastos Grandes salar. The Company's Pastos Grandes project covers the eastern section of the salar. The results listed below are split into the eastern and western sections of the salar.

East Section of the Pastos Grandes Salar

 Li ppmMg ppmK ppmMg/Li
 464.90 1,605.21 3,923.16 3.45
     660.30 1,605.21 5,417.24 2.43
     1,664.50 3,461.71 11,268.13 2.08
     1,346.90 3,553.60 9,441.61 2.64
     1,298.00 4,013.03 10,207.93 3.09
     378.40 958.11 3,947.26 2.53
     1,420.20 4,472.47 10,159.74 3.15

West Section of the Pastos Grandes Salar

 Li ppmMg ppmK ppmMg/Li
 95.90 215.65 1,280.09 2.25
    159.40 450.88 1,405.40 2.83
    72.40 175.13 509.92 2.42
    171.20 487.64 1,646.38 2.85
    61.70 193.60 485.82 3.14
    59.70 149.50 509.92 2.50
    733.60 2,450.95 5,489.54 3.34
    62.70 211.98 654.50 3.38

The results of this sampling program are consistent with historical sampling conducted by the US Geological Survey and the University of La Paz, demonstrating high lithium content of over 1,000 parts per million ("ppm") and a very low Magnesium / Lithium ("Mg/Li") ratio of 2.77 at Pastos Grandes. The data also confirms high levels of Potassium ("K").

The Company's exploration team is now mobilizing to the project for additional follow-up sampling and site examination with consultants that have expertise in brine exploration techniques to design the next phase of exploration.

Pastos Grandes Concession

The Bolivian Altiplano is host to many alkaline and saline lakes and salars including the Salar de Uyuni which hosts the world's largest known lithium reserve. Pastos Grandes is located approximately 113 kilometres south southwest from Salar de Uyuni, within the same geological and geographical setting. This hyper saline lake/salar basin is surrounded by intermittent rivers and thermal springs discharging waters into the salar. The Pastos Grandes salar is elliptical in shape with the major axis of trending NW -- SE and covers an area of almost 120 km2.

Quality Control and Assurance

Joan McCorquodale, P. Geo is the Company's Vice President, Exploration and "qualified person" as required under National Instrument 43-101 and has reviewed the technical information contained in this press 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.


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 proposed use of proceeds for the brokered private placement. 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 misjudgements 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.

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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