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| ||Wed Jun 3, 2009|
New World Retains Lithium Brine Expert
| ||Vancouver B.C. - New World Resource Corp. (the "Company") announces that Dr. Teresita Kullberg has agreed to join the Company as a lithium consultant. Dr. Kullberg will help advance the Company's Pastos Grandes lithium-potash brine project in the Bolivian Altiplano, and provide guidance on further lithium initiatives currently being reviewed by the Company. Dr. Kullberg holds a PhD in Inorganic/Physical Chemistry and has extensive background in lithium chemistry, having worked for FMC Lithium and Chemetall Foote Corporation for a total of 26 years. Her experience ranges from laboratory research and development to advising on the construction and development of pilot plants and advancing them through to production. She worked directly on the Atacama Salar of Chile through Chemetall Foote's subsidiary company Sociedad Chilena de Litio (SCL). |
John Lando states "We are very pleased that a consultant of Dr. Kullberg's caliber finds our lithium initiatives in Bolivia so compelling. We look forward to accessing her considerable experience and knowledge while we begin to advance our first specialty metals project, Pastos Grandes. Dr. Kullberg's experience will help us move this project forward with greater efficiency and confidence."
Pastos Grandes Concession
The Bolivian Altiplano is host to many alkaline and saline lakes and salars including the Salar de Uyuni, which hosts the world's largest known lithium reserve. Pastos Grandes is located approximately 113 kilometres south southwest from Salar de Uyuni, within the same geological and geographical setting. This hyper saline lake/salar basin is surrounded by intermittent rivers and thermal springs discharging waters into the salar. The Pastos Grandes salar is elliptical in shape with the major axis trending NW -- SE and covers an area of almost 120 square kilometres.
Separately, the Company announces that at its Annual General Meeting of shareholders held on May 28, 2009, shareholders approved all items outlined in the notice of meeting and accompanying information circular. The Company's directors are John Lando, Gary Schellenberg, Lyle Brown and Paul Shatzko.
The Company has granted incentive stock options to directors, officers, employees and consultants of the Company and its subsidiaries, to purchase 1,500,000 common shares of the Company. The options are exercisable for a period of five years at a price of $0.11 per share. The options were granted under and are subject to the terms and conditions of the Company's January 13, 2004 Stock Option Plan, as amended.
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.
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 firstname.lastname@example.org, 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 exploration and development plans and the potential success of future exploration activities. 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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