New World Resource Corp. - Afridi Lake Property

Lipeña Property Long Valley Property La Negra Property Afridi Lake Property Pastos Grandes

The Afridi Lake Diamond Project - Northwest Territories, Canada

The Afridi Lake Project is located in the Slave Geological Province of the Northwest Territories, 320 km northeast of Yellowknife and is comprised of 56,000 acres of claims and mineral leases within the Lac de Gras Diamond District. It adjoins both the DIAVIK Diamond Mine and the WO claims which is host to the DO-27 kimberlite.

The Afridi Project itself is host to five known diamond bearing kimberlites and there are more than 40 known kimberlites within 40 kilometers of the Project. Shear Minerals Ltd. holds a 58.2% interest in the Afridi Project and is the operator. International Samuel has a 25.4% interest and New World Resources and Mantle Resources each hold 8.2%.

The Afridi Exploration Program consists of two stages:

Stage 1: A 2,850 line kilometer high resolution airborne gravity gradient survey to show density contrast between the surrounding rock and kimberlite. Targets will be ranked and later checked using ground geophysics.
Stage 2: Ground gravity followed by drill testing of priority targets and possible re-testing of known kimberlites

Completion of Stage 1 of this program has confirmed eight initial priority geophysical targets suggestive of kimberlites ready for drill testing, and, in June and July 2007 the gravity gradient survey (flown by Bell Geospace of Houston, Texas) was also completed.

It was proven that the density contrast between the surrounding rock and the known kimberlites was great enough to register an interpretable gravity gradient anomaly of two hectares or larger. A review of the geophysical data by independent consultant Christopher Campbell of Intrepid Geophysics, Vancouver B.C., identified an initial 24 targets worthy of follow up, including nine high priority. These isolated gravity low targets are suggestive of kimberlite.

In August a 10 person crew completed ground follow up surveys where more than 50 targets were ground checked and a total of 206 line km of ground magnetics were completed by Shear and 791 gravity stations were completed by Quadra Surveys of Barriere, BC. As a result drill targets and further ground gravity surveys will be followed up in the spring of 2008.

• • • • • •