New World Resource Corp.
TSX VENTURE : NW

New World Resource Corp.

July 09, 2008 12:23 ET

New World Resource Corp.: Three New Breccia Zones Identified on Bonete Concession

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2008) - New World Resource Corp. (the "Company") (TSX VENTURE:NW) announces that it has completed its first round of exploration on the Bonete mining concession in south-eastern Bolivia.

As reported on January 17, 2008, the Company signed a joint venture agreement with Corporacion Minera de Bolivia ("COMIBOL") with respect to 5,775 hectares of COMIBOL's Bonete mining concession. The concession surrounds the Company's Lipena copper-gold project in south-eastern Bolivia. COMIBOL is the Bolivian government entity that controls all mineral exploration on state owned lands. The Company has the exclusive right to explore and extract the minerals from, and keep 60% of the net profits from production on, the portion of the concession covered by the agreement.

The Bonete exploration program consisted of a ground magnetic geophysical survey, stream, pan concentrate, soil and rock geochemical sampling, prospecting and mapping. The following table summarizes the work completed during this initial exploration campaign:



--------------------------------------------------------------------------
--------------------------------------------------------------------------
Geophysical survey
--------------------------------------------------------------------------
Ground Magnetics Survey 288 line kilometres ("km") covering 50.4 km2
--------------------------------------------------------------------------

--------------------------------------------------------------------------
GEOCHEMICAL SURVEY
--------------------------------------------------------------------------
Stream Sediments 214
--------------------------------------------------------------------------
Pan Concentrates 93
--------------------------------------------------------------------------
Rock Samples 234
--------------------------------------------------------------------------
Soil Samples 78
--------------------------------------------------------------------------

--------------------------------------------------------------------------
MAPPING AND PROSPECTING 6,000 hectares
--------------------------------------------------------------------------
--------------------------------------------------------------------------


As a result of the mapping and prospecting, an additional three zones of quartz-tourmaline breccia (Lipena South, Bonete North, and Bonete South) have been discovered. This is significant as the Company's Lipena deposit is hosted by several quartz-tourmaline breccias. Previous petrographic and alteration studies indicate that the Lipena breccias may represent the uppermost expression of a deeper copper-gold porphyry system. As reported on September 13, 2006, a drill intersection returned values of 212 metres ("m") (172.5 m true width) of 2.6 grams per tonne ("g/t") gold and 1.5% copper, including 70 m (60.6 m true width) of 5.3 g/t gold and 3.2% copper. Breccia samples from the three new zones have been submitted for petrographic studies, for comparison with studies of the known breccias of Lipena.

Historically, this area has undergone very limited modern day exploration. There are at least four Spanish-era workings within the concession. They are primarily structurally controlled polymetallic vein systems, some with an epithermal overprint. These structures are high grade, although narrow, generally less than 20 centimetres in width. A grab sample collected from the San Julian workings, a 20 centimetre wide vein, returned 12.4% zinc, 2.3% lead, 2,220 g/t silver, 0.2% copper, and 0.13 g/t gold. At the San Julian showing, there are three such parallel veins spanning a distance of 150 m. Another newly discovered zone called the "zona muerta" because of the lack of vegetation, covers an area of 400 m by 200 m and consists of a stockwork of veinlets returning high lead values. A two metre chip sample contained 2.3% lead, and another grab samples contained 12.5% lead and 269 g/t silver.

The ground magnetics survey was completed on 200 m spaced lines and covers the entire Bonete concession. A more detailed survey (50 m spaced lines) was completed over the projected extension of the Lipena zone, which shows that the Lipena geophysical anomaly continues for approximately one kilometre southeast of the known mineralization. The three newly discovered breccia occurrences correlate well with newly defined magnetic anomalies. The Lipena South breccia is located approximately 500 m south of the known Lipena zone and overlies a distinctive magnetic anomaly. Bonete South, located 4.6 km to the southwest of the Lipena zone, is also coincident with a magnetic anomaly, while the Bonete North breccia exposure is located on the flank of a geophysical feature.

Further mapping, sampling and geochemical studies are now underway on all areas of interest generated by this first round of exploration. Small scale trenching is being completed over talus covered areas, where further sampling and detailing mapping will occur.

Quality Control and Assurance

Exploration work on the Bonete concession and 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.

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, 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