New World Resource Corp.

New World Resource Corp.

December 08, 2010 13:09 ET

New World Resource Corp.: Drilling Continues at Pastos Grandes Lithium Brine Project, Bolivia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2010) - New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) ("New World" or the "Company") announces that drilling continues on its' 99% owned Pastos Grandes lithium brine project in southwestern Bolivia.

The Company is currently drill testing and sampling the third site in an approximate eight site drill program. Initial results from the drilling are expected in January. Each site consists of a pilot hole that identifies the depth and thicknesses of the aquifers. This is then followed by drilling several holes of various depths within a tightly spaced grouping. Each hole within the grouping will independently test each aquifer as identified within the initial pilot hole. This group drilling technique will be completed in various locales dispersed throughout the project area. In addition to the brine samples being analyzed for numerous elements and polyatomic ions a series of hydrological tests are being undertaken. Samples from various aquifers have been delivered to the lab and results are pending.

The Company has completed near surface sampling of the brine to a depth of 1.3 metres. This sampling program returned very favourable results with average lithium grades of greater than 1,000 parts per million ("ppm") and potassium contents of 1.73 weight percent ("wt%"). The magnesium to lithium ratio is also very favourable at 2.2:1.

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. The Company's projects include the Lipeña copper gold project and the Pastos Grandes lithium brine project in Bolivia, and the Long Valley project in Nevada.


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 extent and timing of its exploration programs, exploration program budgets and exploration results. 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.

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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