NW New World Resource Corp

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UNITED STATES


New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) (the "Company")
announces that in response to over-subscription it has increased the size of its
non-brokered private placement previously announced on February 17, 2011, to
consist of up to 6,825,000 units (the "Units") at a price of $0.40 per Unit for
gross proceeds of up to $2,730,000.


Each Unit will consist of one common share and one-half of one common share
purchase warrant (each whole such warrant, a "Warrant"). Each Warrant will
entitle the holder to purchase an additional common share at a price of $0.60
for a period of twelve months from the closing date. 


The Company will pay a finder's fee equal to 6% of the gross proceeds raised,
payable in cash or Units at the option of the finders, and issue
non-transferable common share purchase warrants ("Finder's Warrants") in the
amount equal to 8% of the number of Units subscribed for. Each Finder's Warrant
will entitle the finder to purchase an additional common share of the Company at
a price of $0.50 for twelve months from the closing date. The financing is
subject to receipt of all necessary regulatory approvals.


The proceeds of the private placement will be used to fund a drill program to
increase the current 43-101 compliant resource on the Company's Lipena
copper-gold project (the 43-101 resource estimate report can be seen on the
Company's website;
http://www.newworldresource.com/i/pdf/NW_Lipena_43101_112508.pdf), for further
resource definition on the Company's Pastos Grandes lithium-potash brine project
and for general working capital.


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, and the recently joint-ventured Long Valley
gold project in Nevada.


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 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.

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