New World Resource Corp.

New World Resource Corp.

February 16, 2011 09:15 ET

New World Retains Consultant for 43-101 Resource Estimate at Pastos Grandes Lithium-Potash Brine Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2011) - New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) (the "Company") announces that Dr. Richard Martin has agreed to join the Company as a consultant. Dr. Martin will help advance and provide guidance on the Company's Pastos Grandes lithium-potash brine exploration program in the Bolivian Altiplano. Dr. Martin holds a PhD in Hydrogeology and is highly regarded as an expert in the field of solution mining and exploration.

Dr. Martin states, "Based on my initial review of data and subsequent site visit to Pastos Grandes, I consider the project to have considerable merit and I look forward to helping bring the Pastos Grandes project to a resource defined level in the very near future."

Dr. Martin's responsibilities have involved conceptualisation, direction and management of water resource teams comprising engineers, scientists, hydrologists and hydrogeologists. He was the co-founder of one of Australia's largest specialized water consulting firms, (Mackie Martin & Associates) which was subsequently sold to a rapidly expanding international water management company in the early-'90's.

Over Dr. Martin's career, his clients and projects have spanned across a variety of sectors including mining companies, governments, water sector providers and consultants. Some examples of clients and projects include: The World Bank, Brazilian mining company Vale, Rio Tinto, the hydrogeological planning and exploration for a solution potash – lithium mine in the Catamarca Province of Argentina, and the design and installation of hydrogeological services for potash mining projects in Canada and Russia.

The Company is now in the process of expanding its operations at the Pastos Grandes salar and will continue the drilling program throughout the current rainy season. Additional heavy equipment is being mobilized to the salar and the onsite laboratory, offices and accommodations are being improved and expanded. Second phase detailed hydrological tests and the initial brine chemistry and evaporation tests will be underway shortly. This drill program is now over a third complete and further drill results will be released on the completion of this initial drill program.

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 recently joint-ventured Long Valley gold 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 misjudgements 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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