New World Resource Corp : New World's Partner, MARTE, Commences Underground Exploration Work at the Lipeña Project, Bolivia

Tue Dec 11, 2012
New World's Partner, MARTE, Commences Underground Exploration Work at the Lipeña Project, Bolivia

Vancouver, BC: New World Resource Corp. ("New World" or the "Company") has been advised by its partner, Empresa Minera Marte S.R.L. ("MARTE") that an underground exploration program has commenced at the Lipeña project in southern Bolivia. MARTE has proceeded with the construction of an adit that is designed for underground mapping and drilling, and to extract bulk samples to be treated at a near-by milling operation. The objective of the bulk sampling is for metallurgical testing and given favourable results these samples could provide an opportunity to generate revenue for expanding the underground exploration program at the Lipeña project.

Prior to commencing construction of the adit, MARTE undertook a surface sampling program to identify a structure containing high-grade silver ("Ag") discovered during previous rotary drilling carried out in 1995 by a subsidiary of the former Battle Mountain Gold Company. Historical rotary drill hole LP-04 contained 1,253 grams per tonne ("g/t") Ag over 6 metres, which included 3,900 g/t Ag over 1.5 metres. The high-grade Ag structure appears continuous to surface with a series of veins and veinlets sampled ranging in thickness from 0.1 metres to 1.5 metres.

MARTE is a partner with New World and pursuant to the amended option agreement (reported October 11, 2012), MARTE has been granted an option to acquire 37.4% of the Company's 75% interest in Lipeña by paying US$500,000 (paid), paying an additional US$250,000 on or before December 25, 2012, and by spending US$1,250,000 in exploration expenditures over the next 12 months.

New World Resources CEO, John Lando commented, "The Company is pleased to have MARTE commence an exploration program that will provide the Company and MARTE with an added understanding of the economic potential of the Lipeña project."

Exploration work on the Lipeña-Bonete project is under the supervision of Brian McEwen, P.Geol., B.Sc. (Geo), the Company's Chief Operating Officer, who is a "qualified person", as defined in NI 43 101, and is responsible for the preparation of the technical information contained in this news release.

The historical drill results were prepared prior to the implementation of 43-101, and are not compliant with 43-101. The Company is not aware of any subsequent drill results and there has not yet been sufficient work completed to confirm the accuracy of the historical results; therefore, these results should not be relied upon.

About New World

New World Resource Corp. is a Canadian based exploration company focused on building a strong, diversified project portfolio within the Americas. The Company's projects include the Lipeña/Bonete copper-gold project and the Pastos Grandes lithium brine project in Bolivia.

NEW WORLD RESOURCE CORP.

John Lando, President

For information with respect to the Company or the contents of this news release, please contact John Lando or Ian Mitchell at (604) 669-2701 or toll free at 1 800 663 0510, email at info@newworldresource.com, or visit the web site at www.newworldresource.com.

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 completion of the Amended Agreement and the Company's evaluation of new projects. 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.

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