New World Resource Corp.

New World Resource Corp.

March 28, 2006 14:40 ET

New World Resource Corp.: Exchange Accepts Lipena Option

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2006) - New World Resource Corp. (the "Company") (TSX VENTURE:NW) announces that the TSX Venture Exchange has now accepted for filing the Company's option to acquire a 75% interest in the Lipena gold and copper project in south-western Bolivia. The option agreement (the "Option Agreement") with Luis Miguel Mercado Rocabado was first announced by the Company on January 26, 2006.

About the Lipena Project

The Lipena project is located in the department of Potosi, a prolific historical mining province, near the Argentine border.

Between 1995 and 1997, a subsidiary of the former Battle Mountain Gold Company (collectively "Battle Mountain") drilled a total of 12,690 metres in 44 drill holes (21 reverse circulation and 13 diamond drill holes) on the project. Significant results included:

- Hole LP-03, which intersected 108.23 metres averaging 2.2% copper, 2.03 grams/tonne ("g/t") gold, 25.47 g/t silver ending in mineralization;

- Hole DLP-23, which intersected 117.38 metres averaging 1.52% copper, 2.04 g/t gold, 12.42 g/t silver;

- Hole LP-15, which intersected 24.39 metres averaging 5.32 g/t gold, 0.15% copper, 5.16 g/t silver; and

- Hole M-01, which intersected 9.15 meters averaging 6.93 g/t gold, 5.12 g/t silver, as well as 21.34 meters averaging 3.19 g/t gold, 11.86 g/t silver (no copper values are available for this hole).

For more detailed drilling results, please see the Company's January 26, 2006 news release.

To date, three zones - Lipena, Central, and La Mosa - are known to be exposed at surface over one kilometre of strike length, along a northwest-trending structure approximately 300 metres in width. It is believed that these breccias coalesce at depth and remain open along strike. The system has been drill-tested to a depth of 300 metres and remains open down dip.

The property is situated in a region of sparse population at an elevation of approximately 4,500 metres, with road access and a small airstrip nearby. The system is a copper, gold, silver mineralized magmatic hydrothermal breccia intruding an intermediate volcanic complex. The magmatic breccia was subsequently overprinted by an epithermal event.

About the Lipena Option

Under the Option Agreement, the Company has the right to acquire a 75% interest in the Lipena property by making payments to the optionor, consisting of cash and the issuance of shares, and by incurring "qualifying" (exploration) expenditures on the property, over a four year period.

In particular, the Company must:

- make cash payments totaling $1.1 million ($50,000 which has now been paid, $50,000 to be paid on the first anniversary; $100,000 at 24 and at 30 months; $300,000 on the third anniversary; and $500,000 on the fourth anniversary);

- issue 1.85 million shares (100,000 which has been issued on approval; 250,000 at 12 months, 24 months, and at 30 months; 500,000 on the third anniversary; and 500,000 on the fourth anniversary); and

- incur qualifying expenditures of at least $2.2 million (a minimum of $200,000 in the first year; $500,000 in each of the second and third years; and $1,000,000 in the fourth year).

The Option Agreement contemplates that it will be replaced within 60 days by an agreement to be entered into by a new subsidiary of the Company, in accordance with Bolivian law. A finder's fee will be paid to an arms-length party in connection with the Agreement.

Quality Control and Assurance

A technical report on the Lipena property prepared in accordance with the requirements of National Instrument 43-101 ("NI 43-101") by Jim Chapman, P.Geo (BC), a "qualified person" as defined by National Instrument 43-101, is available on SEDAR at

Exploration work on the Lipena project will be under the supervision of Joan McCorquodale, P.Geo, the Company's Vice President, Exploration, a qualified person, as defined by NI 43-101, who is responsible for the preparation of the information contained in this news release.

Readers are cautioned that, while the Company has no reason to doubt the accuracy of the historical results reported in this news release, it can provide no assurance as to the accuracy of any such results until they have been confirmed by its own exploration. All mineralized intervals reported are core lengths and may not be true widths.

About New World

New World Resource Corp. is a Canadian based mineral exploration company focused on building a strong, diversified project portfolio in the Americas.


John Lando, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release.

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