NW New World Resource Corp

New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) ("New World" or the
"Company") along with GFE Capital Corp. ("GFE") (TSX-V Symbol: GFC) announces
that New World, its wholly owned subsidiary New World Resource US, Inc. and GFE
have entered into an Earn-In Agreement (the "Agreement") whereby GFE will have
an option to acquire up to 80% interest in the Company's Long Valley claims
("Project") located in the Bald Mountain region of northeastern Nevada.


Long Valley Claim

The Project consisting of 254 claims and totaling 2,123 hectares is located on
the edge of the pediment and covers the projected extension of the important
northwest and north-northeast oriented structures that transect the Bald
Mountain, Alligator Ridge, and Yankee gold deposits. These structural features
are believed to control the gold mineralization found in the Bald Mountain
district. Initial prospecting has revealed outcrops of silicified breccias
similar to those found in the nearby Alligator Ridge area. The Bald Mountain,
Alligator Ridge area is an established gold producing camp of Eastern Nevada and
is actively being explored by Barrick Gold U.S. Inc. Past production and current
proven and probable resources from this camp account for approximately 7.5
million ounces of gold. 


Terms of the Agreement

Under the Agreement GFE has the right to acquire up to 80% interest in the
Project by issuing shares to New World and incurring expenditures on the Project
over 42 months. The Agreement is subject to the approval of the TSX Venture
Exchange ("TSXV").


In particular, GFE has the right to earn:



--  a 51% interest in the Project by incurring not less than $250,000 of
    aggregate expenditures, and issuing an aggregate 300,000 shares to New
    World , on or before the nine month anniversary of the date GFE receives
    TSXV acceptance to the Agreement (the "Effective Date"), and the
    expenditures shall be incurred in accordance with a work program and
    budget that includes between three and five drill holes with aggregate
    drill meterage of not less than 1,200 metres; 

--  a 60% interest in the Project by incurring not less than $850,000 of
    aggregate expenditures on or before the 18 month anniversary of the
    Effective Date; 

--  a 70% interest in the Project by incurring not less than $1,550,000 of
    aggregate expenditures, and issuing an aggregate of 600,000 shares to
    New World on or before the 30 month anniversary of the Effective Date;
    and 

--  an 80% interest in the Project by incurring not less than $2,250,000 of
    aggregate expenditures, and issuing not less than an aggregate of
    900,000 shares to New World on or before the 42 month anniversary of the
    Effective Date. 



GFE shall be the operator of and solely responsible for all expenditures on the
Project until such time as a joint venture is formed. A joint venture shall be
formed upon GFE earning a minimum 51% interest if GFE elects to relinquish the
right to earn the maximum interest available. Upon the formation of a joint
venture, a Joint Venture Agreement shall be entered into where the parties shall
be responsible for contributing to expenditures incurred after the date of the
formation of the joint venture in proportion to their respective interests. 


The Joint Venture Agreement shall provide for standard dilution in the event a
party elects not to contribute to the joint venture, and if either party commits
to a program and subsequently fails to contribute its proportionate share of
expenditures for a work program, the defaulting party shall be deemed to have
forfeited its right to contribute to any further costs under the Joint Venture
Agreement and shall have its interest subjected to double dilution. If any
party's interest is reduced to less than 10%, that party (the "Royalty Holder")
shall assign its remaining interest to the other party and shall be entitled to
receive its sole remuneration and benefit of the assignment and conveyance, by
way of royalty, 2% of net smelter returns ("NSR") from the Project. The Royalty
Holder shall grant to the other party an option to purchase one-quarter of the
NSR for $1,000,000.


Mr. John Lando, President of New World stated: "We are very pleased to have
attracted a quality partner in GFE to advance and drill the Long Valley gold
project. This project has been developed by New World over the last 4 years and
it will be exciting to test this potential extension to the prolific Bald
Mountain, Alligator Ridge gold complex."


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 Lipena copper-gold project and the Pastos Grandes
lithium brine project in Bolivia.


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, 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 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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