New World Resource Corp.
TSX VENTURE : NW

New World Resource Corp.

May 18, 2006 15:24 ET

New World Receives $1,135,314 from Exercise of Warrants

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 18, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

New World Resource Corp. (the "Company") (TSX VENTURE:NW) would like to announce that is has received $1,135,314 from the recent exercise of previously outstanding $1.00 share purchase warrants which expired on May 16, 2006. There are currently no outstanding warrants from the private placement financing, which closed in November of 2004.

John Lando states, "We are very pleased to have received further investment from many of the shareholders who originally purchased shares in November 2004. The Company now has over $3,600,000 working capital as of May 18, 2006."

This strong cash position allows the Company to aggressively explore the Lipena project in Southwest Bolivia, which is currently being drilled, and to begin first stage exploration on the Company's Long Valley project, which adjoins the multimillion-ounce Bald Mountain deposit in Nevada.

About New World

New World Resource Corp. is a Canadian mineral 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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