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| ||Tue Feb 27, 2007|
Drilling At Lipena Extends High-Grade Breccia Zone
Vancouver, B.C. - New World Resource Corp. (the "Company") reports that additional drilling at its Lipeña project, in Bolivia, has continued to intersect significant copper, gold and silver mineralization over wide intervals.
The new drill program comprised 2,653 metres of diamond drilling in six holes. Results for two holes, drilled at opposite ends of the Lipeña Zone, have been received. Significant intersections are as follows:
With these results, the defined strike length of the northwest - southeast trending Lipeña Zone breccia has been extended to 150 metres. It remains open along strike and at depth.
The Company's second drill program at the Lipeña Zone was on 25 metre spacings, in support of a proposed initial estimation of resources. Holes 06DLP-52 and 06DLP-53 were drilled, respectively, to the southeast and northwest of the Company's earlier drilling on the zone.
Other holes in the drill program tested new exploration targets at the Central and the La Mosa zones.
Mineralization at Lipeña is hosted by a quartz-tourmaline breccia with a complex morphology and mineral deposition history. Petrographic analysis of the core from the Company's first drill program has shown that the majority of the fragments caught up in the tourmaline breccia consist of porphyritic volcanics and intrusives. Most of the fragments show evidence of intense potassic alteration. Some clasts of porphyritic dacite contain disseminated chalcopyrite, which indicates that the breccia may represent the uppermost levels of a deeper copper-gold porphyry system.
Bolivia Political Update
The Bolivian government has recently reiterated publicly its intention to respect private investments in its mining sector. In a meeting with Company management, the Bolivian Minister of Mines has also expressed the need for foreign investment and for Bolivia's mining regulation and taxation to be competitive with those of other jurisdictions.
The Company continues its discussions with the state mining company, COMIBOL, with regard to the property adjoining Lipeña, over which the Company has been granted an exclusive, prior right of dealing. Documentation requested by COMIBOL has now been filed and initial deal terms regarding a joint venture are expected in the coming weeks.
Quality Control and Quality Assurance
Exploration on the Lipeña project is under the supervision of Joan McCorquodale, P.Geo, the Company's Vice President, Exploration, who is a "qualified person", as defined in NI 43-101, and is responsible for the preparation of the information contained in this news release. Except where indicated, mineralized widths reported are core lengths and may not represent the true width of mineralization.
About New World
New World Resource Corp. is a Canadian mineral exploration company focused on building a strong, diversified project portfolio within the Americas.
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 Don Flahiff at (604) 669-2701 or toll free at 1-800-663-0510, email at email@example.com. To view a location map of the Lipeña project, visit the Company website at www.newworldresource.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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