VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2013) - New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) ("New World" or the "Company") announces that pursuant to an amended option agreement (reported October 11, 2012) the Company has received the second cash installment of US$250,000 from Empresa Minera Marte S.R.L ("MARTE") whereby MARTE has earned 17.4% interest in the Lipeña copper-gold project in Southern Bolivia.
Under the terms of the agreement, MARTE may earn an additional 20% by spending US$1,250,000 in mineral exploration expenditures on the Lipeña copper-gold project over a period of 12 months.
New World now holds 57.6% of the Lipeña project and MARTE holds 42.6%. Upon Completion of the transaction, MARTE will hold 62.4% and New World will hold 37.6%.
New World plans to use proceeds of the cash payments to identify and acquire assets in a mining-friendly jurisdiction. The Company is presently evaluating several possible projects and hopes to release more information on this initiative in the coming weeks.
About New World
New World Resource Corp. is a Canadian based exploration company focused on building a strong, diversified project portfolio within the Americas. The Company's projects include the Lipeña/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 Amended Agreement and the Company's evaluation of new projects. 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.
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