New World Resource Corp.

New World Resource Corp.

April 22, 2008 11:30 ET

New World Resource Corp.: Exploration Program Is Underway on Bonete Concession, Lipena Project, Bolivia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2008) - New World Resource Corp. ("New World" or the "Company") (TSX VENTURE:NW) announces that its exploration program on the Bonete concession, which forms part of its Lipena copper-gold project in southern Bolivia, is underway.

Lipena Project - Bonete Concession, Southern Bolivia

As recently announced in a news release dated January 17, 2008, the Company signed a joint venture agreement with Corporacion Minera de Bolivia (COMIBOL) with respect to approximately 6,000 hectares of COMIBOL's Bonete mining concession. The relevant portion of the concession surrounds, and forms part of, the Company's Lipena copper-gold project. COMIBOL is the Bolivian government entity that controls all mineral exploration on state owned lands. This partnership with the Bolivian Government entity provided New World with the confidence it needed to resume exploration on its Lipena project.

The Company has commenced a regional exploration program on the Bonete concession comprised of a combination of geophysical and geochemical surveys, as well as prospecting and geological mapping. A minimum 260 line kilometre ground magnetic survey is underway, and will cover the entire 6,000 hectares on 200 metre line spacing with readings taken every 50 metres along the lines. Further detail gridding and measurements will take place over identified magnetic anomalies. Data from the initial ground magnetic survey (which covered the balance of the project area and was completed in 2006) indicates that the quartz tourmaline breccias of the Lipena project have a distinctive geophysical signature. The geochemical survey consists of rock, soil and stream sediment sampling, and is expected to be completed at the end of April.

Historically, limited exploration work has been conducted on the Bonete concession. However, recent studies suggest that the known breccia on the Lipena concession represents the uppermost levels of a copper-gold porphyry system in an area that has never been evaluated from a porphyry perspective. This regional program has been designed to identify drill targets to test for both a porphyry system and for additional breccia bodies.

Quality Control and Assurance

Exploration work on the Lipena project will be under the supervision of Joan McCorquodale, P.Geo, the Company's Vice President, Exploration and a "qualified person" as defined in National Instrument 43-101. Ms. McCorquodale is responsible for the preparation of the technical information contained in this news 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, the success of exploration activities and other similar statements concerning anticipated future events, conditions or results that are not historical facts. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking information is inherently uncertain and that actual results may vary from the forward-looking information. A number of material factors, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information. Such factors include, among others, risks and uncertainties 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. Accordingly, actual future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking information.

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

Contact Information